How should athletes think about sponsorship when they can't directly prove sales ROI?

Answered in: 2023 Motorsports Sponsorship Summit at Mechanix Wear

The Answer

Several approaches work when direct sales tracking isn't possible: 1) Focus on brand awareness and equity - if you can't increase quantity sold, help the brand charge more by elevating their prestige, 2) Help with specific marketing initiatives like content creation, retailer relationships, or new product launches, 3) Collect leads and email addresses at events for sponsors to follow up with, 4) Use affiliate codes or special URLs to track what you do generate, 5) Document and report your social media metrics (impressions, engagement, reach) on sponsor-related posts, 6) Survey your audience to provide demographic data sponsors can use. NGK's Jackie Donahue noted they don't sell direct to consumers, so she focuses on how racers can help with retailer relationships and pull co-op marketing funds to support sponsorship activities.

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2023 Motorsports Sponsorship Summit at Mechanix Wear
Video Course

2023 Motorsports Sponsorship Summit at Mechanix Wear

WHY BRANDS SPONSOR & HOW THEY CALCULATE ROI Alex Striler, Ben Dolan, David Cardey, Jackie Donahue, Jesse Spungin PROMOTING YOURSELF & SPONSORS THRU THE MEDIA Tony Yorkman, Megan Meyer, Dan Schechner, Don O’Neal, Vaughn Gittin Jr. ACTIVATING AT EVENTS TO INCREASE BRAND VALUE Alex Striler, Kevin Miller, Matt Martelli, Dan Dennehy-Rodriguez CREATING DECKS THAT ATTRACT & WRITING PROPOSALS THAT SELL Alex Striler, Tony Yorkman, Megan Meyer FINDING TIRE AND WHEEL SPONSORS Tony Yorkman, Chris Meyer, Brian Henderson, Michael Mathis NETWORKING AND MEETING NEW SPONSORS Alex Striler, Kathryn Reinhardt, Travis Clarke, David Morton

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