5 Strategies for Selling Golf Tournament Sponsorships
Sales is a big part of a successful charity golf tournament, much to the chagrin of some nonprofit event organizers. The thought of reaching out to businesses to sell them on sponsoring your golf tournament might put you into a cold sweat, but with a solid strategy and the right tools in place, it won’t seem as daunting.
It’s important to start your sponsor outreach as early as possible, for a few reasons. First, you have a longer window to bring in sponsor dollars to help cover tournament expenses. Second, businesses often allot their marketing or charitable dollars early in their fiscal year, so the earlier you can get on their radar and into their budget, the better. Finally, the sooner they come on board as a sponsor, the longer they earn impressions and get exposure for their brand. It’s in the best interest of your tournament and the business to onboard them as early in the planning and marketing process as possible.
Before you outline your sales strategy, be sure to check these to-dos off your list:
Set a Fundraising Goal. Knowing the revenue you’re aiming for with your golf event will help inform the type of sponsorships you build, the businesses you approach, and even the price of golfer and team registrations. Be realistic, but don’t underestimate the value of your tournament.
Have an Event Website in Place. A golf tournament website gives you a place to send folks to learn more about your tournament, register a team, or purchase a sponsorship—as soon as they hear about it. An event website is also key to providing digital sponsor exposure, as golfers and prospective sponsors visit the site and see current sponsor logos.
Once you have these in place, you’re ready to dive into your sales strategy.
1. Create a prospect list
A prospect list is simply who you plan to go after for sponsors for your golf tournament. Start by getting your planning team together for a brainstorming session to throw out names of potential sponsors. Nothing should be off the table at this point! Many businesses find golf tournament sponsorships especially appealing, as their audience is made up of their ideal client or customer.
Local, Regional, and Even National Businesses. Don’t limit yourself to only local businesses, especially if a larger company has an office or headquarters in your area.
Businesses Where You Have Personal Connections. Who’s your dentist? Or doctor? Where do you take your dog to be groomed? Who sold your house? What printer does your organization use? Who are your nonprofit’s vendors? Use your personal networks to your advantage.
Businesses That Are Connected to Your Cause. Think about businesses that have some type of connection to your mission. For example, if you’re raising money for a pet rescue, think about groomers, boarders, veterinarians, or pet supply stores. If yours is a memorial tournament, look for those that have a connection to the tournament’s namesake or the cause you’re raising money for.
New Businesses. These are a great option for golf tournaments, especially for hole sponsorships. New businesses might not have a large budget for advertising, but still need and want the exposure.
Once you have your prospect list established, identify connections with your and your planning team’s personal and professional networks. Having an “in” at a business often leads to a successful sponsorship pitch!
2. build attractive sponsorship packages
Keep this in mind as you build your sponsorship packages: If you can put a logo on it, you can sell a sponsorship! Start by looking at your tournament’s hard costs and building sponsorship packages to cover them, such as food and beverage, player gifts, on-course games, beverage carts, golf carts, or hole-in-one contests.
Consider these best practices for sponsorship packages:
Provide Value. Every sponsor package should provide enough return on investment (ROI) to justify the business’ support. Whether it’s brand exposure, the opportunity to engage with golfers, the chance to speak at the tournament’s kickoff or banquet, or registrant information, be sure to clearly outline the benefits for each sponsorship so prospective sponsors understand exactly what they’re getting.
Show Tangible Impact. Help businesses understand what their support of your tournament will do. For example, the Title Sponsor will underwrite 10 dog adoptions. The goal is to help connect sponsors to your cause and compel them to participate.
Attach Teams to Sponsorships. Not only does this add additional value to each package, but it functions to help fill your tournament’s field. Many of the highest grossing tournaments only have teams attached to sponsorships.
Be Flexible. Don’t be afraid to create custom sponsorships based on what returns value for the business. It’s likely that your final slate of sponsorships will look different than when you started—and that’s ok!
Accept In-Kind Support. Businesses are often interested in providing in-kind donations of goods or services instead of monetary support. These can be leveraged as raffle prizes, player gifts, auction items, pin prizes, to just enhance the overall tournament experience, or reduce your operating costs. For example, a local caterer or grocery store might be interested in providing lunch or snacks. Or perhaps a sporting goods store wants to donate a golf bag or gift card. Provide exposure and thanks for these contributions.
Your event management platform should make it simple to create and list sponsor packages on the golf tournament website, plus make additions and updates as necessary.
Sample golf fundraiser sponsorship packages
This free guide outlines three sets of golf tournament sample sponsorship packages, including pricing, benefits, and golfer registration costs. You’ll find examples for small, mid-sized, and large tournaments that you can adapt based on your tournament’s unique needs.
3. price packages effectively
As mentioned previously, your fundraising goal will guide your pricing, combined with the caliber of the host golf facility and size of the tournament’s field. Don’t expect to hit your goal with one sponsorship sale! Keep these points in mind as you consider package pricing:
Cover Costs. As a baseline, you should cover hard costs and build in pure revenue to each package.
Offer Varying Price Points. Lower price points might be an easier sell for businesses that don’t have a huge budget. That being said, don’t be afraid to go after the bigger fish who have more robust philanthropic or marketing budgets.
Understand your network and its capabilities. Are there a number of businesses you can approach for lower-cost packages? Or do you have one or two you can target for pricier sponsorships?
Don’t Underprice Your Sponsorships. Remember that your tournament has a unique value proposition! Sponsors
4. make an effective pitch
Once you’ve identified connections at prospective sponsors on your prospect list, determine who will reach out to each prospect. Lean on your planning team, staff, or board as much as possible in this phase, not only to leverage their connections, but to share the work. It’s a good idea to put the person tasked with reaching out to a business in charge of the relationship with that sponsor.
It’s also a good idea to use a shared template or talking points to ensure consistent messaging and make it easier to make the pitch. Use a combination of approaches, perhaps with an introductory email, followed by a phone call and/or check-in email. For larger sponsorships or when pitching to a known partner, you might want to connect in person. Every pitch should clearly outline the pricing and benefits, as well as an overview of the audience and estimated attendance numbers, if known. Ask them what they hope to get out of the partnership, which helps both parties get the most value out of the sponsorship. Send folks to the event website to view available sponsorships and purchase their package.
If yours is an existing tournament, offer past years’ sponsors the first right of refusal. Give them the option to move up to a different package, or stick with what they’ve done in the past.
Above all, remember the worst they can say is no!
An event website makes it simple for prospective sponsors to view available sponsorships and purchase a package with a few clicks.
5. Lean on technology
Technology is a key part of golfer and sponsor outreach, with an event website as the centerpiece. The website makes marketing and promotion as simple as sharing a link, where folks can learn more about your organization and event and register or become a sponsor as soon as they hear about it. A website makes the tournament shareable, so your supporters can share it with their networks, instantly expanding your potential audience.
The digital exposure afforded by the event website adds even more value to your sponsor packages. Every time someone visits the site, sponsors get eyeballs on their brand. And with the right event management tool, sponsor exposure is automatic—it gets added to the site as soon as a sponsor purchases a package via the website and starts earning impressions right away.
GolfStatus Makes It Easy
GolfStatus’ golf tournament management platform makes it easier than ever to build custom sponsorships, sell packages, collect assets, and provide digital sponsor exposure. It comes with an attractive, mobile-responsive event website and a user-friendly interface that streamlines tournament planning and execution. Nonprofits and charities (and third parties hosting golf events on their behalf) can qualify to use GolfSatus at no upfront cost through the Golf for Good program. You’ll get access to tech tools, exclusive premium sponsorships, add-ons, and our A+ in-house support team to make your tournament a success. Click below to get qualified!