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5 Reasons Your Business Should Sponsor an Event

5 Reasons Your Business Should Sponsor an Event

You’ve done the billboards, put the stamps on direct mailers and recorded your radio and TV spots. Your social media marketing is covered. But marketers often overlook the benefits of sponsorships.

All types of events need sponsors—we’re talking about fundraisers, conferences and sporting events just to name a few. And in today’s largely remote environment, events are still happening and in need of sponsors, whether that be socially distanced or virtually. Check out these five reasons your business should consider sponsoring an event and reap the rewards. 

 

1. Brand Visibility

Studies say it takes seven to 11 times for somebody to see your message and actually remember it. One of the best reasons to sponsor an event is the number of people that will have eyes on your brand. This is an opportunity for your business to either solidify your presence in a market, or to start working on brand recall or introduction while tapping into a new market. Plus, many events will add sponsor logos to T-shirts, banners and other take-home goodies, so your brand visibility will live on long past the event. 

 

2. Build Relationships

Rome wasn’t built in a day, and neither are business relationships. Sponsoring an event is yet another area where your business can build trust with potential customers. You’ll form relationships in your community with attendees, other event sponsors and the event production team. If business is a world of connections, this is your chance to expand your network. The more events you sponsor, the more recognition and loyalty your brand can gain.
 

3. Targeted Reach

Choose an event with attendees who would make the ideal customer for your small business. While the event doesn’t have to align exactly with what your business does, the event should hopefully have the same target demographic or a new market you are trying to reach. Event sponsorship is a great opportunity to get in front of an audience you may not otherwise have the chance to reach.

 

4. Generate Leads

With event sponsorship, attendees will be a mixture of potential customers who have already heard of your business and some new potential leads. The sponsorship will put your name top of mind for those prospects who are closer to making a purchasing decision.

If “out of sight, out of mind” is true, this puts your brand front and center. If the event is virtual, make sure to ask if you have permission to send a follow-up email to the participants. The more attendees, the more new potential leads for your business. 

 

5. Positive Image

Sponsoring an event can help show what your business is all about, and that’s a good thing. Choose events that you feel positive about sponsoring, such as a cause near and dear to your heart. While creating positive public perception shouldn’t be the sole factor behind sponsoring an event, it’s definitely an added benefit. Pick a great cause and you’ll also feel good knowing that your business is having a positive impact in the community.

 

Now it’s time to get out there and get sponsoring. It doesn’t have to be a huge event to make a big impact on your business. Choose an event that makes the most sense for your brand, including size, location and causes you support. While in-person conferences may seem like a thing of the distant past, event sponsorship is still a great option to help your small business in a virtual world.

  • What Our Customers Are Saying
    What Our Customers Are Saying

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    When it comes to printing needs there are plenty of choices, however, LIPS provides consistently high quality products backed by knowledgeable staff and a graphics department that assures the printed products will be to the highest standards. When you factor in the one on one customer service it is understandable why so many customers work with LIPS again and again!
    Deb Kennedy
    Executive Director
    Broken Bow Chamber of Commerce

    “Professional, efficient, helpful and friendly describe the staff at LIPS. Not only are we very pleased with the quality of the print projects and the timeliness on getting them completed, but their service always comes with a smile. We are grateful to have them be a part of the community of Kearney!”
    ~ Cash-Wa Distributing, Kearney NE

    We have been working with LIPS Printing Service for over a decade. They have excellent service when it comes to pricing, printing, and even design work. They are a very trustworthy company who works to please their customers. They have always got work done on tight time crunches, and do a great job with it. We value their services and enjoy working with them.
    - Taubenheim Gelbvieh

    LIPS has done great work for us for many years, no matter what we order: envelopes, invoices, truck inspection sheets and the list goes on. We always get a quick response; and free delivery makes them a great place to do business with.
    Karen
    Paulsen Inc.

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