Posted by & filed under Congress, Corporate/Sponsorship, Leadership/Management, Marketing/Communications, Speakers.

Bernie Colterman, Managing Partnereducate-your-employees

Centre of Excellence for Public Sector Marketing

As the competition for philanthropic dollars increases, more and more nonprofit organizations are looking at sponsorship as an alternate revenue source to more traditional fundraising methods. However, the transition to the marketing-based approach that is required for sponsorship-driven revenue is not easy for many organizations because it requires a mind-set that is radically different from traditional models. Some of these challenges include:

  • Working with large numbers of stakeholders who do not understand sponsorship and how it is different from the philanthropic environment;
  • Establishing “fair market value” for organizational assets;
  • Unrealistic expectations of what revenue can be expected (and when) from various opportunities;
  • Limited internal expertise to market and deliver the program; and,
  • A “business-oriented” culture that is typically not in line with the entrepreneurial approach required to market, negotiate and deliver on sponsorship agreements.  Read more »