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A marketing strategy will help you identify your best customers, understand their needs and implement the most effective marketing methods.

The internet has transformed business marketing. No matter what you do, the internet is likely to be at the heart of your marketing strategy.

Social media is firmly established as a marketing tool. Having a presence opens up new lines of communication with existing and potential customers.

Good advertising puts the right marketing message in front of the right people at the right time, raising awareness of your business.

Customer care is at the heart of all successful companies. It can help you develop customer loyalty and improve relationships with your customers.

Sales bring in the money that enables your business to survive and grow. Your sales strategy will be driven by your sales objectives.

Market research exists to guide your business decisions by giving you insight into your market, competitors, products, marketing and your customers.

Direct marketing can be a highly successful way to generate sales from existing and new customers. Find out how to target them in the best way.

Exhibitions and events are valuable for businesses because they allow face-to-face communication and offer opportunities for networking.

PR

Favourable media coverage can bring a range of business benefits. But how do you attract the attention of editors, broadcasters and journalists?

Measuring the effects of sponsorship

 

Sponsorship can bring two brands together and give both of them wider exposure. But while the benefits of an association may seem obvious, the only way to really judge the success of a sponsorship programme is to measure it, as Jackie Fast of Slingshot Sponsorship explains

Measuring sponsorship is one of the most important services a sponsorship agency can provide. With innumerable ways to measure marketing ROI, it is important that sponsorship provides tangible value. It is also one of the crucial factors in deciding whether or not to renew a sponsorship programme.

There are three key aspects to measuring sponsorship.

Understand the audience

This should go beyond standard demographic information and include insight on how the audience you are targeting engages with the brand. In order to build a brand relationship through a sponsorship platform, you need to understand where the current relationship sits. This will act as a baseline for measurement as well as informing the brand itself and the activities undertaken to leverage the sponsorship.

Lay the groundwork

In any type of collaboration, it is important that each party understands the roles they will undertake to achieve their objectives. It is also very important that both parties understand the other’s business - the better the understanding, the easier it will be to understand where synergy can be achieved.

At the beginning of contract negotiations, both parties should agree exactly what they will be bringing to the sponsor relationship.

Provide valuable data

Data capture during and after the sponsorship campaign is incredibly valuable for assessing the success of the sponsorship. Measuring a sponsor’s impact can be done through fulfilment surveys, by surveying social media buzz, through interviews, focus groups and third party research.

Surveys and feedback forms can be an easy way to assess the success of the sponsorship programme. They can also add value for the sponsor by including a few questions meeting their own market research aims. In addition, feedback can provide both parties with insights to help make the next event even better.

Written by Jackie Fast of Slingshot Sponsorship.

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