What should I do when a sponsorship ends or a brand can no longer afford to sponsor me?

Answered in: 2023 Drag Racing Sponsorship Summit Part 1

The Answer

Take the high road and be a professional. Appreciate what the sponsor did for you, understand that budgets change, ownership changes, and timing shifts - often they may still want the relationship but simply can't afford it. Your reputation follows you, and other sponsors will hear from racers in the industry about how you handled the transition. Being graceful when a sponsorship ends positions you well for your next opportunity, as potential sponsors will remember you as 'a class act' when they hear about how professionally you handled previous relationships.

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2023 Drag Racing Sponsorship Summit Part 1
Video Course

2023 Drag Racing Sponsorship Summit Part 1

Session 1 of the 2023 Drag Racing Sponsorship Summit, filmed at the John Force Racing Museum (March 28, 2023): Why Brands Sponsor — why companies sponsor drag racing, how they calculate ROI, what they need from sponsorships, and how co-op marketing money works. Hosted by Alex Striler with Jackie Donahue (Group Marketing Manager, NGK Spark Plugs), Steve Williams (Chief Business Development Officer, K&N), Eric Seibold (Innovations Manager, Permatex), and "Woody" Woodruff (Elite Motorsports).

$10.00one-time

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