Car sponsorships help motorists, including racing car drivers and domestic car owners, finance vehicle purchase and operating costs. Offering businesses the opportunity to advertise on your car in return for funding can help you make a profit from your vehicle expenses. The first step to obtaining a car sponsorship is to write a proposal that documents what you offer potential sponsors and what you're looking for in return.
- Skill level:
Draw up a short list of potential sponsors and research their businesses. Look for local businesses that run active marketing campaigns. Those with a larger marketing budget tend to be more visible and it will be easier to speak to decision-makers by targeting local, rather than national, organisations.
Write a brief summary of your proposal in no more than 300 words. This should focus on who you are, what you're looking for, why it is likely to benefit your target, and any other main points of interest. Keep this section brief and focus on the business benefits to the target, such as increased exposure to local customers.
Establish sets of terms at three different price points to create inexpensive, mid-level and expensive options. Define clearly what each price level will bring for a potential sponsor and how they will benefit from sponsoring you.
Write down your vehicle details, the physical sponsorship area you are offering and the commitment from your side. For example, state the number of miles you commit to driving or the number of races in which you will participate. Include a photograph and details about any existing sponsorships.
Specify the desired length of the sponsorship agreement, who will pay for applying the sponsor's logo, how to resolve disputes, and renewal or termination options.
Tips and warnings
- In addition to writing a sponsorship proposal, try to develop a personal relationship with potential sponsors.
- Proofread your proposal before sending it to prospective sponsors.
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