Every major charity or school with a physical plant where people can see big letters has a naming rights opportunity. The concept is here to stay.
During a session at the Cause Marketing Forum in Chicago, Kevin Bartram, president of Bartram Sponsorship Strategies LLP, offered a few idea worth keeping in mind with a naming rights agreement.
Bartram said that a sponsorship should offer a full range of benefits, that is, beyond the “name on the building” a naming rights package should provide numerous touch points and ways for the sponsor to connect with constituents, using:
- Product integration
- Deep brand integration
- Events
- Media
- Web presence
- Hospitality
- Promotions and publicity.
In addition, the arrangement should provide strategic opportunities. Possible valued elements include:
- Business development opportunities
- Access to influential people and elected officials.
- Clear venue alignment with corporate mission
- Ability to create and distribute content
- Use of the named venue for private hospitality, hosting sponsor-led community events.
Noting that the hottest area in sponsorship is green-related programs, Bartram offered several cautions regarding selling green sponsorships:
- Be authentic and committed.
- Be able to link companies to truly green actions.
- Go beyond recycling.
- Think energy efficiency, renewables, transportation, paperless events, carbon offsets, organic food, etc., and then pursue sponsors in these areas.
- Beware of green washing your property and your sponsors.
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