The other day, a good friend asked me, “Hey, we’re struggling a bit when it comes to converting existing sponsors – ones that we’re having great engagement with – into webinar sponsorships. They’re hesitant about the idea.”
Here’s the advice that I gave them.
Ask your top sponsors if they want to be involved first. You never know. I recognize that they’ve been giving you a lot of resources and a lot of support but they may be upset if you launch or develop a sponsorship program for your webinars and they’re not asked. Start with them to see if they want to participate and how. They’ve been active with you before and know what to expect. Then move on to second tier organizations. Maybe it’s a company that has not been involved with you as much and wants to increase their involvement with you. They may want to be featured during your pandemic focused webinars. Your reopening and relaunching of your association can be very valuable to them because people are paying attention and they are being engaged with you and on your new platform of value delivery.
Some of your core members, board members, and your most active core members may be very interested in supporting your webinar efforts, especially around content that’s about relaunching and re-reopening businesses.
Be very specific about the deliverables within the sponsorship prospectus. If the sponsor has been involved in your live event program before they know what a coffee break or what a lanyard sponsorship looks like. You don’t have to go into too much details to explain what they entail. However, for sponsors who are brand new – or if you’re offering a brand new sponsorship opportunity – you need to be very specific about what the deliverables entail. Make it clear about the placement of their brand, post event deliverables such as a recording of the webinar or additional promotions, a copy of the attendee list with their contact information, website placement, social media shout outs, and more. Be very specific about the deliverables.
It’s a great idea to make those offerings to convert a potential sponsor. Some of your companies may be begging for the opportunity to get out in front of your core membership audience. Take advantage of it. Give them the chance. Get started today.
Check out our Webinar Sponsorship Template for ideas on what to include in your virtual sponsorship packages and check out this video on how to price your webinar sponsorship packages. As always, feel free to reach out to us if you ever need help revamping your sponsorship programs or help selling your existing packages!
We have launched a Virtual Event Sponsorship Program that was designed to help association pivot from in-person event sponsorships to inventory best suited for virtual platforms. Let’s work together to grow your non-dues revenue for 2020 and beyond!