Categories: Marketing

Sponsorship

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p>Sponsorship is a business relationship&comma; between two parties&period; This relationship is determined through a trade of product&comma; fund or services where both parties seek profitable benefits&period; Sponsorship is basically a relationship that is equally valuable to the sponsored as well as the sponsor&period; It is also the fastest growing form of marketing in the world&comma; though it is still in its early stages&period; Companies find unlimited occasions to widen their competitive advantage by building their credibility and image to attract their target market through sponsorship&period; The IEG’s Complete Guide to Sponsorship defines it as&colon; &OpenCurlyDoubleQuote;Sponsorship should not be confused with advertising&period; Advertising is considered a quantitative medium&comma; whereas sponsorship is considered a qualitative medium&period; It promotes a company in association with the sponsored&period;”<&sol;p>&NewLine;<p>Sponsorship provides the possibility to companies to achieve multiple goals all at once&period; Jackson &amp&semi; Schmader explain state in their book &OpenCurlyDoubleQuote;Special Events” that companies benefit from sponsorship in the following ways&colon;<&sol;p>&NewLine;<p>•    Enhances image&sol;Shapes consumer attitudes<&sol;p>&NewLine;<p>•    Drives Sales<&sol;p>&NewLine;<p>•    Creates positive publicity&sol;heightens visibility<&sol;p>&NewLine;<p>Some examples of how sponsoring is done include the following&colon;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>•    Sponsoring an awards reception<&sol;p>&NewLine;<p>•    Sponsoring programmers through napkins&sol;drink cups<&sol;p>&NewLine;<p>•    Badge holders&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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