Showing posts with label Sponsorship. Show all posts
Showing posts with label Sponsorship. Show all posts

Sunday, February 8, 2009

Prince Sponsorship

SPONSORSHIP

There are few players on the tour today that did not play Prince at one time or another in their career. From Andre Agassi, Monica Seles, Andy Roddick, Patrick Rafter and Michael Chang to current Prince Pros Maria Sharapova, Nikolay Daveydenko, Jelena Jankovic and Sam Querrey, the list goes on and on. Each of these players, past, Whether racquets, footwear, apparel or string, players continue to look to Prince as their brand of choice in order to gain an advantage on the court.
The Prince philosophy is about building a team of players who want to be involved with the Prince brand and who are active and contributing members of the Prince Team. From product playtesting and validation to marketing and trend forecasting, Prince sponsored athletes at all levels perform an important role in the overall company strategy.

Who is a Prince Sponsored Athlete?

He or She:


Is highly skilled junior competitor, seeking to perform at the best of their abilities in every opportunity.
Is always striving to raise the level of his/her game.
Possesses a high level of sportsmanship on and off the court.
Respectful of the game, his/her coaches/students, opponents, officials, sponsors and spectators.
Has earned the respect of his/her opponents.
Manages his/her equipment in a professional manner. He/she understands that it is their responsibility to have their equipment organized and prepared in advance.
Promotes Prince Products through their actions and words.
Competes regularly at a national and/or international level and achieves exceptional results.
Is proud to be associated with Prince Sports, Inc

The Prince High Performance Team Programs provide the pathway for influential players to grow with our brand wherever their tennis talent and ambition may take them. We have programs in place for players at every stage of their tennis career. If you are interested in applying for sponsorship consideration, please read though the program guidelines and then click the appropriate link for your player category below:

JUNIOR PLAYER SPONSORSHIP

Guidelines for sponsorship consideration are as follows:

  • Junior Player with a top 200 National Ranking in their age group

To apply for sponsorship consideration, please fill out our online application. Incomplete applications will not be given consideration. A Prince Representative will contact you once your application is reviewed.

http://www.princetennis.com/tennis/files/teamPrinceSponsorShipApplicationForm.aspx?formId=1

COLLEGE COACH/PLAYER SPONSORSHIP


Prince has been committed to the college game for years and continues to strive to make performance products that help coaches and teams maximize opportunites for success. Former college players, such as Paul Goldstein and James Blake, have successfully made the transition from the best in college to the best in the world utilizing Prince products along the way.
There are several programs in place for interested coaches and players. For more information To apply for sponsorship consideration, please fill out our online application. Incomplete applications will not be given consideration. A Prince Representative will contact you once your application is reviewed.

http://www.princetennis.com/tennis/files/teamPrinceSponsorShipApplicationForm.aspx?formId=2

ADULT PLAYER SPONSORSHIP

Making the commitment to compete at the national/international level while holding down a job and raising a family is an exercise in dedication, endurance and time management. Our Prince Adult Sponsorship Program is in place to facilitate the success of those individuals that choose to make this sacrifice to order to achieve high rankings in the sport they love.
Guidelines for sponsorship consideration include the following:
Adult Players with final USTA National age group rankings of top 20 singles OR
Adult Players with final USTA National age group rankings of top 10 doubles
To apply for sponsorship consideration, please fill out our online application. A Prince Representative will contact you once your application is reviewed. Note that all required information must be provided for consideration.

http://www.princetennis.com/tennis/files/teamPrinceSponsorShipApplicationForm.aspx?formId=3

Tax Issues

Before embarking on a search for sponsorship, athletes should be aware of the potential tax implications. Any income directly derived through personal sponsorship could adversely affect the tax-free Athlete Personal Award (APA) that they receive from UK Sport.
For example, an athlete awarded a £20,000 APA who then receives an additional £3000 of personal sponsorship funds could be taxed on the ENTIRE sum and end up losing money.

http://sponsorship.uksport.gov.uk

What do I ask for?

This is the big question but if you think things through in advance it is not too difficult. The key points to consider are as follows:-
Be reasonable and realistic
Don’t ask a small company for a large amount of cash, they will most likely say no
Some sponsors will be happy to give you money, but don’t always think of sponsorship support as hard cash. A sponsor that can provide you with free products, equipment or services is just as useful, if not more so, than a company offering money.
How much you ask for from a sponsor will depend upon what you have to offer, ie. what value you can bring in return.
Consider the type of company you are approaching then determine what it is they could offer you that would be of little or no cost to them (ie. A free mobile and contract from a mobile phone company, a courtesy car from a car dealership, free flights from an Airline etc)
Have an idea of what a company is likely to be able to spend. A local butchers, for example, will not have the same budget as the local bank
They may ask for a budget so set out a budget for yourself; make it realistic but don’t underestimate. Include all outgoings relating to your sporting activity and general living expenses, including your travel costs, rent, training equipment, professional services (physio etc) etc.
Showing a planned budget will help you as well. They may cover all of it!
Show value for money - results for less cost
Be prepared to be flexible
Always be mindful of the fact that you have a great deal of value to offer a potential sponsor. Sponsorship is not a one-way relationship so never think of yourself as a charity case! Whilst the sponsor can provide you with cash, products or services, you can also deliver value to their business/brand – if that weren’t the case, sponsorship wouldn’t exist. So don’t undersell yourself. Be confident and talk yourself up, but be careful not to cross the line and appear arrogant. This can be a turn off to sponsors.

http://sponsorship.uksport.gov.uk

Making first Contact

Who to Contact
Finding out who is the best person to contact is hard. The best route is to get a personal introduction from someone you know. Failing that, you should try one or more of the following people:
Marketing DirectorSponsorship budgets and sponsorship activity is almost always handled by a company’s Marketing department. Smaller companies will not have these positions and so it might be best to approach the CEO directly
Corporate Affairs Director
Community Affairs ManagerThis is particularly relevant to local sponsorships where there may be a direct benefit to the local community
Sponsorship ManagerMany small companies will not have a Sponsorship Manager, the Marketing Director will handle all sponsorship activity
Brand ManagerParticularly relevant for larger companies and those in the FMCG sector. (FMCG's - or fast moving consumer goods - include every day products such as confectionary, soft drinks, washing powders etc)
Chief ExecutiveIf you know that he or she has a keen interest in sport – or, more importantly, in your sport – then a Chief Exec is well worth approaching. In this case it is often best to get a referral from a third party
It is vital that you contact the right person to ensure your approach is properly considered, so research here is essential.
Sports Marketing Agencies and Sponsorship Consultancies
Specialist Sports Marketing Agencies and Sponsorship Consultancies are also well worth approaching. These companies represent the interests of businesses and brands that are actively engaged in sports sponsorship. They are often responsible for advising their clients on where to commit their sponsorship spend. Indeed in many cases – particularly when approaching larger sized companies – your letter will be passed on directly to these agencies as they will be responsible for handling and assessing all sponsorship requests on behalf of their clients.
You can find a detailed listing of these agencies on websites such as http://www.sportcal.com/profiles/search_profiles_type.asp?type=1&bynation=0&CoType=SM_Sports+Marketing.
Once you have identified your target agencies, visit their websites to find out which brands they represent, and then tailor your approach accordingly.
From time to time these agencies actively seek well-known sporting personalities and celebrities to attend functions on behalf of clients. These functions include everything from photoshoots and press conferences, to premieres, evening receptions and corporate golf days, so it is worth putting yourself in the shop window for this alone. The more you put yourself in the public eye, the more you build your profile and the more chance you’ll have of attracting interest from sponsors. These types of event should also be viewed as valuable networking opportunities.
How do I make the approach?
The options:
In Person
Letter
Proposal
Phone Call
Email
In Person Any of the above can be used depending on the level of introduction you have, but by far the best route is to meet in person. Letters can get lost, e-mails deleted and phone calls are just too easy to ignore – a face-to-face meeting therefore, is your golden chance to make a lasting impression.
If the opportunity presents itself you must be prepared. Have a clear idea of what you want to get out of the meeting and, ideally, have a short presentation prepared.
Prepare and plan the meeting. Jot down your objectives so you don’t get sidetracked
Be professional - write and confirm the time and date of your appointment
Be knowledgeable - do your homework about the company and people you will meet
Make a good first impression – be pleasant to the receptionist!
Dress smartly. If you have a team blazer wear this to create maximum impact
Show your personality
Be honest, confident and believe in yourself
Be enthusiastic, show you are dedicated
Make sure you have all the information to hand
Leave a business card at the end of the meeting
After the meeting, follow-up with an e-mail or letter thanking them for their time and saying how much you enjoyed meeting them
Letter
Make it short and to the point. If possible, enclose a proposal with more details.
Key points to remember:-
An obvious starting point but ensure you have the correct, up-to-date address
Personalise the letter to the individual. Never write “Dear Sir/Madam”
Use a spell check before printing to make sure there are no mistakes
Include a brief introduction about what you are writing about
Don’t waffle. List key points that will attract the recipients attention
Enclose information: a proposal, CV and a business card
You might consider sending it in a coloured envelope so that it stands out
If applicable, why not include an formal invitation for them to come and watch/meet you the next time you are competing in the area
Above all, remember to BE CREATIVE, as first impressions count. Remember that the recipient may receive countless similar requests, so anything you can do to make your approach stand out will give you a better chance (using colour, images etc)
Proposal
This is the sales hook. A good proposal will make the reader want to ring you to find out more. It can be a proposal or a CV style document.
Make it eye catching
Use action photographs or colour photocopies of you competing. If possible, try to get hold of professional quality shots. Speak to your Governing Body who should have a library of pics from major events or try contacting your local paper if in the past they have published shots of you in action.
Make it informative
Make it exciting and show your potential
Talk about your training regime. Perhaps detail what you will do on an average day and list how many hours you put in per week/month. Make sure they appreciate what it takes to get to the top of your sport.
Detail your successes / results
List your Major Championships appearances and medals won
List the teams you have represented, from county level to national selections
Include some example press cuttings - neatly done, putting each on a separate page with details of the publication it came from
List the benefits that you can offer a sponsor
Make it clear and easy to read - use bullet points
Include a list of upcoming major events
Highlight your goals/aspirations. Sponsors will want to see that you have a long-term commitment to the sport and that you hold high expectations of yourself
Do not state how much money or product you want from the sponsor, leave that for the face-to-face meeting.
Follow UpOnce you have sent a letter and/or proposal it is crucial that you follow-up with a phone call to make sure that it was received and to see if the company is interested.
Plan when you are going to do this, put a date in your diary about 2 weeks after you send the letter.
This also gives you an excuse to make direct contact with the company.
Phone-call
One of the hardest parts is the dreaded “sales phone call”. You may find it difficult at first but it is something that can be mastered. See it as an opportunity to make a new friend, not as a major task.
Rehearse and plan the call - write down the key points
Be polite, but convincing
Keep a smile on your face as you speak it comes across in the conversation.
Be persistent - getting through the secretary is hard work; lunchtime and evening is often a solution
Remember, you have nothing to lose but everything to gain.
E-mail
With new media this is now an option, but be aware it can be a little impersonal or too personal sometimes, and many people get a lot of ‘junk’ mail or spam. Unless you know the person well, it is best to send a letter. With an email a mixture of principles of a letter and phone call will apply.
If sending a presentation by e-mail, be careful not to include too many high-resolution images and this may prevent the message getting through to companies with restrictions on the size of e-mail attachments they can receive.
The Presentation
This can take any format, either a PC if you have one, or just a flip chart of A4 sheets in a folder. Most companies will understand that athletes cannot always have access to presentation materials. But if you can put something together, it will show initiative and professionalism.
A basic PowerPoint presentation is probably the best solution. Where ever possible, make sure that you include images of yourself in competition, this will bring the presentation to life and make it much more emotive for the potential sponsor.
You may choose to ask a friend who is experienced to assist you putting together the presentation. Just make sure they understand what you are offering and that they have some experience of writing presentations of this nature.


http://sponsorship.uksport.gov.uk

Selecting Potential Sponsors

When it comes to selecting which companies to approach, research is crucial and there are no better tools than the internet to identify which companies to approach. You should also try your local library or local Chamber of Commerce. The Chamber of Commerce will have a list of all local companies and should be happy to share the information with you. You should visit our business search section to find out how to target specific companies.
Always pick companies that are relevant to you and your sport, ie. Don’t approach Tampax if you play for a men’s hockey team!
Find out if the company has ever sponsored anything before and if so, what areas they have been involved in
Find out if not of any of the Company Directors have a specific interest in any one sport. You can find out by searching through their profiles on the company website
Be realistic in your approaches. It might be better to find a local company than a national or multinational with little or no presence in your local community
Ring and ask the company for some information eg. An annual report, brochures, etc. Any background information you can muster about the company – either in print or online - will be of use
Search through websites of local sports clubs – whether football, rugby, cricket, athletics or tennis. Find out whether they have any sponsors and, if so, add them to your target list. These companies have already recognised the value of sponsorship and may be happy to invest further in a ‘local’ athlete
Make sure you don’t approach companies from the same industry sector as any existing sponsors you may already have. For example, if you have a deal with your local VW dealership, do not then approach Mercedes as this is a clear conflict of interest
Start locally in your area, e.g. don’t bother writing to Ford UK unless you are in the top 1% of sports stars. Try local garages first
If you are currently working, your own employer is a good start
Ask friends/relatives where they work and if they have any contacts
Ask in your sports club if anyone has any useful contacts

http://sponsorship.uksport.gov.uk

Approaching Sponsors

In this section you will find everything you need to know about how to approach potential sponsors, from collating lists of target companies to choosing what to wear to a first meeting.
The initial approach is all-important. In most cases there is only one bite at the cherry, so you have to get it right. Preparation is key so make sure you have a clear idea about what you want from your sponsor - best case and worst case scenario.
Starting from scratch can be daunting but there is no science to attracting sponsorship and no magic formulas. Luck can often play a big part, but most importantly it’s hard graft, a lot of legwork, time and effort. There is also often a very clear case of “It’s not what you know but who you know”. In other words, relationships and networking.