Elements and Performance Criteria
- Identify sponsorship opportunities
- Identify items, activities or projects to be sponsored based on potential appeal to sponsors and the needs of the organisation.
- Identify potential sponsors based on audience reach and previous sponsors.
- Develop financial targets for sponsorship.
- Agree sponsorship activities and targets with the meeting/event principal or relevant management.
- Create and promote a sponsorship package
- Develop sponsorship packages to include a full breakdown of costs and benefits and other relevant sponsor information.
- Produce information regarding sponsorship opportunities in a professional format and distribute to potential sponsors.
- Seek approval for the sponsorship package prior to promotion where appropriate.
- Undertake follow up promotion and negotiation with potential sponsors.
- Discuss and negotiate additional opportunities with the sponsor where appropriate.
- Make written contracts/agreements with the sponsor to include full details of commitments made by both parties.
- Implement sponsorship activities
- Brief colleagues on details of sponsorship arrangements.
- Organise activities in accordance with sponsorship agreement ensuring all agreements made are honoured.
- Monitor and evaluate activities and evaluated and make adjustments accordingly.
- Provide and request feedback to and from the sponsor.
- Take opportunities to enhance value of involvement for sponsors and benefits for the host organisation.
- Monitor sponsor payments and other contract formalities throughout the project.
- Follow up with sponsors