Making Sponsorship Investment Accountable
Companies invest in sponsorships to improve sales. The trouble is that the to date
determining which sponsorship is "best" for your company or brand has been the
subject of soft testing techniques.
So, in response, you buy sponsorships that are "ideal" for "your" demographics
and that have some reasonable connection to the category in which your
brand competes. But if we examine the exercise honestly, you must conclude
that this has generally been a "by-the-gut," ROI deficient decision process.
The Brand Keys approach changes this completely and permits pre-investment
calculation of sponsorship effectiveness for your specific brand.
For instance we can answer these questions with numbers not vague qualitative statements:
- What is the value (revenue, profit, company value) of this sponsorship.
- How well does the sponsorship align with our brand values.
- Which sponsorship option would have the maximum impact on our revenue.
If you want to see how accurate this process is download the case study.
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