Give the People What They Want
Burger King is dropping their sponsorship of the NFL at the end of this season because they have been “dissatisfied with the lack of opportunities for local promotional activities resulting from its NFL role”, according to a report in Promo Magazine.
Seems like this should have been a great partnership all the way around, but sponsorship requires ongoing effort after the deal is sealed. Sponsors need to “activate” their sponsorship by creating unique promotions and tie-ins that leverage the relationship. Event properties need to give everything they can to make sure sponsors have the ability to do that.
Now, I have no idea why things didn’t work out in this particular case. Because this was a high level deal worth millions, I very seriously doubt that the individuals involved lacked the know-how to pull it off. Maybe they just didn’t like each other.
But it’s an important lesson in sponsor-event relations: there are always plenty of events for a sponsor to choose from and never enough budgeted to get into all of them. Finding a replacement sponsor to make up for the lost revenue takes a lot of effort which takes a lot of time, and time is money. Good event producers get that.
Posted Monday December 10, 2007
in event management,
event marketing/sponsorship
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