Ever found yourself in a relationship where the person you’re seeing has a wonderful quality you adore and over time you come to find that very same quality is what drives you insane about them? Well this seems to be the song and dance digital media properties and sponsors find themselves in when trying to strike common ground and get a deal done.
Those of us digital nerds who keep up with the trials and tribulations of the digital frontier know that monetization models are lagging well behind the technological developments of this space. What we see more often than not is a digital property trying to communicate its value out in the marketplace with little more than media equivalencies to rely on. That said, when a digital property tries to sell “sponsorship” of its platform, the story becomes even more convoluted as sponsors don’t know entirely how to view the opportunity. The drill usually goes something like this: more
While Bud Light is banking on its “drinkability” to sell beer, it seems that many properties are trading on their sponsorability (a word I’m pretty sure we IEGers made up, along with “ambushability”) to sell sponsorships.
Considerable chatter around IEG this past week has centered on this question: How do organizations, venues and events make sure they’re in a sponsor’s line of sight when the sponsor starts looking?
We put salability of packages, strength of proposals and sales cycles aside for a minute and talked about the steps that come before the sale, where 26% of sponsorship deals are initiated by sponsors and their agencies (according to IEG’s 2008 property survey). more
What does the Ronco Veg-O-Matic have to do with sponsorship? more