This document provides guidance on obtaining and managing sponsorship for an organization. It covers topics such as determining sponsorship requirements, sourcing sponsors, and servicing sponsors. The document also includes a task where you can fill out a template to obtain sponsorship for a water slide facility.
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SITXMPR501 Obtain and manage sponsorship Student Name:Student ID: Assessment Type:ProjectOther: Assessor’s Name: Assessment Outcome: (S/NYS) Student Declaration: By submitting this assessment via Moodle, I declare that this is my own work and had not been copied or plagiarised from any other source. Please refer to the Student Handbook for more information. Assessment Conditions: Each assessment criteria is recorded as either Satisfactory (S) or Not Yet Satisfactory (NYS). A student can only achieve a ‘Satisfactory’ Assessment Outcome for the entire assessment when all assessment Criteria listed below are ‘Satisfactory’. A student who is assessed as ‘Not Yet Satisfactory’ is eligible for re-assessment with their trainer. All assessment answers must be typed, include this assessment cover sheet and uploaded in ‘WORD’ version to moodle. Assessment Criteria ElementPerformance CriteriaS/NYS 1.Determine sponsorship requirements and opportunities. 1.1 Identify sponsorship requirements in consultation with colleagues 1.2Develop targets for sponsorship based on financial parameters of the activity. 1.3 Identify items, activities or projectsto be sponsored to meet the needs of the organisation 1.4 Identify potential sponsorsbased on potential sponsor appeal, the nature of the activity and previous approaches 2. Source sponsorship.2.1Develop sponsorship materialsin a clear, concise and professional format to include a full breakdown of costs and benefits. 2.2Distribute and present sponsorship materials according to agreed targets. 2.3Undertake follow up promotion and negotiation with potential sponsors. 2.4Discuss and negotiate additional opportunities with the sponsor. 2.5 Make written sponsor contracts or agreements to include full details of commitments made by both parties 3. Service sponsors.3.1 Brief colleagues on details of sponsorship arrangements 3.2Organise activities according to sponsorship agreement ensuring all agreements are honoured. 3.3Monitor and evaluate activities and make required adjustments. 3.4 Provide and request feedback from the sponsor VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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SITXMPR501 Obtain and manage sponsorship 3.5Identify and action opportunities to enhance value of involvement for sponsors and benefits for the organisation. 3.6 Maintain and distribute accurate and current sponsorship documentationthroughout the process 3.7 Liaise and follow up with sponsor to initiate future cooperative approaches Feedback Part A You are a Manager at a Sports & Recreational Centre, and you have just opened a new Water Slide facility for all the community to enjoy. Your target audience is young kids, however it’s a very family theme facility for all to enjoy. Your major responsibilitynow that you have opened the centre is to obtain a sponsorship, that will give the Water Slide Park exposure and much needed sponsorship to help with marketing of it so it will reach all the community. Task. There is a template for you to fill out as in regards to obtaining the sponsorship; all boxes in the template must be filled out. Your sponsorship company can be made up, it’s important that you answer all boxes in the template. This is an opportunity for you to be creative infinding your answers. The template will be an easy guide for you to follow, as it’s in follows a logical order of events when trying toObtaining a Sponsorship. You might want to research and look at big name sponsors that help sponsor big events to see what they are looking for when they decide to offer their services to companies when they have been approached to expose and help give that event sponsorship. There areexampleson the boxes to help you fill-out to give you some direction, when searching for some answers. Remember all boxes must be filled out to be deemed Competent in the subject, always ask your training if you have any difficulties answering any of the boxes. VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
SITXMPR501 Obtain and manage sponsorship Step 1 - Understand what you have to offer a sponsor Your AttributesTarget AudienceMarketing InitiativesSponsor Value 1.World class facilityExample-FamiliesMedia advertisements, posters and magazines $1000 2.Best in class servicesCitizensMedia advertisements, posters and magazines$500 3.Product qualitiesSports personsMedia advertisements, posters and magazines$1000 4.Unique texturesSports personsMedia advertisements, posters and magazines$600 5.DesigningAthletesMedia advertisements, posters and magazines$1000 6.Aggressive pricingAthletes and trekkersMedia advertisements, posters and magazines$2000 7.Features specifiedTrekkers and sportsMedia advertisements, posters and magazines$1500 8.VersatilityTrekkers and sportsMedia advertisements, posters and magazines$1000 Step 2 – Research your potential sponsors Sponsor Name:NIKE Location:Australia Primary ContactSecondary Contact Name:De LengeV. Kohram Position:CEOMarketing manger Phone (B):89410165478288466975 VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C 00
SITXMPR501 Obtain and manage sponsorship Phone (M):46871235849785413574 Email Address: SAi@gmail.comAthleticsarena@gmail.com Step 3 – Contact the person who can say yes to your sponsorship proposal What are your strategies to contact the person who can say yes to your proposal? Cold callingCold calling can be done on the local citizens who have not tried sports products.This strategy will help in the process of socializing the business to the local customers who are not directly reached by the sales persons of this organisation. In Australia, this activity is known as do not call list. The Australian communications and media authorityhaveincludedthisaspartofanattributewherethe organisationcandirectlycommunicatewiththecustomer. Information regarding this water slide park can be provided to the community. Lumpy mail and follow-up The use of lumpy mail can be used by persons who are interested in sports marketing. Using lumpy mail need proper strategies. The company has to focus on writing interesting things which are worth saying. Besides that, it has to be relevant and short. The use of the strategy is appropriate for attracting more number of sponsorship. However, the following process is counted as a continuous process of lumpy mail. Following up this procedure will be helpful to develop a better communication process with the persons. Sponsorship websitesAssociations of sports The sponsorship website is used by the different organisation for getting better and many sponsorships. For this specific water slide park sponsorship need different ways or strategies to get a proper sponsor. Therefore, using the sponsorship website specifically related to the associations of sports are going to be the target for contacting different sponsors. Networking with your potential sponsors Providing adequate productivity for the sports and athletes Asthemainfocusisgivenonthedifferentsports-related organisations using the networking process of the current potential sponsors is similarly useful. Usually, the potential sponsors have an VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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SITXMPR501 Obtain and manage sponsorship idea about this organisation and its work transparency. Therefore, theycanhelptheorganisationintheprocessofgettingbetter sponsorship from the sports industry. In fact, they can also be useful to connect with different athletics, who can help in getting this sponsorship. Word of mouth referrals These organisations already have a connection with different famous individuals who have knowledge about this organisational activity and working procedure. These individuals must include some athletes or celebrities who have previously worked with this organisation. They can help in referring to this organisation to get sponsorship from any sports company. Besides that, the current sponsors can also be used this word of mouth referral technique for the purpose of getting a sponsorship. Step 4 - Develop a trusting relationship with the sponsor What strategies are you going to employ to develop a trusting relationship with the sponsor? These are some Examples listed Don't go the hard sell Listen to what they have to say Demonstrate you've done the research Make good use of your established brand to reinforce your professionalism Provide referrals and testimonials when asked (note: don't burn your bridges) Prepare marketing material that emphasises benefits and value to the sponsor Have a history that illustrates you'll be around for the long haul The strategies to be followed are Don't go the hard sell Listen to what they have to say Demonstrate you've done the research Make good use of your established brand to reinforce your professionalism Step 5 – Establish the sponsor's marketing objectives Objective 1To extend market to maximum arena VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
SITXMPR501 Obtain and manage sponsorship Objective 2To gain maximum profitability Objective 3Have maximum sales in the year Objective 4Get potential goodwill in the international platform Objective 5Create a brand name VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
SITXMPR501 Obtain and manage sponsorship Step 6 – Agree on how you will measure sponsorship success Quantitative MeasuresQualitative Measures Objective 1 Example-Return of Money-Sales returns Objective 2 Contract of elaborated terms and conditionsPurchase returns with detailed invoice Objective 3 Deal with unique measuresElaborated marketing Objective 4 Restricted numbers of productivityTargeting maximisation of quality Objective 5 Refunding optionsAdequate measurement of products Step 7 – Ascertain the value to the sponsor Value 1Being an International Company always attract the sponsor because of their worldwide brand value increasing.. Value 2Havingaworldwidemarketisthesecondvaluewhichcanhelpthis organisation to get a better customer base and increase productivity and profitability. Value 3The Goodwill of the organisation and the sponsor will increase at the same time. Value 4Theexpansionofthemarketwillincreasethebrandvalueofthe organisational services and provide a better future. Value 5Getting the sponsorship will help the organisation in rising funding when the requirement will arise. VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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SITXMPR501 Obtain and manage sponsorship Step 8 – Explore the available options Detail your unique marketing initiatives that fulfil the sponsor’s objectives Initiative 1Example-Use of their logo. Initiative 2Using their tag lines Initiative 3Using their brand products Initiative 4Staffs and workers are to be provided with brand product Initiative 5Have sufficient showrooms Step 9 – Develop your sponsorship proposal 7 key sections of your sponsorship proposal 1 – Sponsorship Opportunity-example It is our kind approach towards the business market with some sports products and services and we would like to have you as our main sponsor on the marketing during the period. The brand and goodwill of your company can be beneficial for us and also for you as we are targeting the athletes and sports market. Our target is to achieve: 1.Higher grossing 2.Maximised market 3.Maximising brand values 2 - Marketing Objectives-example "As discussed, the marketing objectives for the sponsorship program are: Increase gross sales by 5% in the eastern district directly related to vouchers distributed at events Implement a social media strategy and develop a Facebook fan base of 5000 by the end of VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
SITXMPR501 Obtain and manage sponsorshipthe financial year Encourage distributors to stock the latest range of products Etc..." These marketing objectives required to be achieved by the firm with the implications of the mentioned target practices and operations. The achievement of the target goals would provide an impression that the firm has achieved adequate market planning and operations during the year. 3 - Measures of Success "The measures will include: Monthly analysis of direct sales figures and how they correlate with the objectives Exit surveys of event attendees to ascertain brand awareness Noticeable shift to positive feedback on social media channels Etc..." The said measure can only be achieved with adequate implications of market plans and customer satisfactions. 4 - Value to the Sponsor "The value to 'the sponsor' will include: Measurable increase in the profitability of the eastern district, directly attributed to the sponsorship program and implementation of the unique marketing initiatives Stronger relationship with fans which leads to higher conversion rates and repeat sales A return on investment which will allow you to investment more funds into research and development of new products Etc..." The sponsors if provided adequate values for the period can provide adequate numbers of funding and materiality when required. 5 - Unique Marketing Initiatives Audience Segment Audience Numbers (Reach) DemographicsPsychographics Segment 1-Example Kids through the gate Example-10-18Example-Lifestyle Segment 2Attending camps20-25weeks VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
SITXMPR501 Obtain and manage sponsorship Segment 3Regional parks15-20Months Segment 4Social functions30-35Lifestyles Initiative 1Approaching Initiative 2Identifying market requirements Initiative 3Customer satisfactions Initiative 4Proper feedback considerations Initiative 5Make required adjustments Option 1Marketing Option 2Sales Option 3Purchases 6 - Terms and Conditions OptionSummary$ Option 1Payments$100 Option 2Time period$200 Option 3Special features$300 Payment terms Time-frame Insurance Privacy and confidentiality Any conditions or special features Etc. 7 - Call to Action Contact details Opportunity to see you in action VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
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SITXMPR501 Obtain and manage sponsorship Thank you message Etc. Step 10 – Deliver the sponsorship proposal and follow-up Plan the delivery of your proposal and follow-up Mailing Address Details samsheersports@gmail.com Send Date10.05.19 Follow-up Date25.05.19 Follow-up NotesAccepted? Changes required? Rejected? Why? Maintain contact? Maintain contract VC003 College of Sports & Fitness – Assessment Cover Sheet 22-06-2017 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C