Home Entrepreneur Learn how to Get Sponsored: $50K in 4 Weeks

Learn how to Get Sponsored: $50K in 4 Weeks

Learn how to Get Sponsored: $50K in 4 Weeks


Pulling in $50,000 in sponsorships alone in a couple of month. Can or not it’s finished? Certain.

However because the Foundr group and I got down to do exactly that, beginning with a grand complete of $0 thoughts you, I discovered myself going through down the barrel of the more durable query:

Learn how to get sponsored?

Now I’m certain there are some gross sales gurus on the market who would snicker at this, and see $50,000 as “small cash,” however should you’re something like me, nicely I’m only a common man working in a fast-growth startup.

Pulling that type of cash out of skinny air is a little bit of a problem. Additionally, making sponsorship offers can take a little bit of time.

I first launched into this process again once we had been operating our very first Kickstarter marketing campaign, and promoting our very first bodily product, the Foundr V1.0 e-book. The marketing campaign was already in movement, and I used to be silly sufficient to say, “How can we get assured backers, and never simply hope individuals will purchase our e-book?”

Undoubtedly one assembly the place I ought to have saved my mouth shut.

However at Foundr, we run quick and lean. We wished to hit at the least $200,000 for our first crowdfunding marketing campaign in assist of our e-book. And that could be a crap-ton of books to promote.

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Sure, we now have a giant model and a killer viewers of individuals like your good self, however to promote round 2,500 books on our first try, nicely, it’s removed from assured. This was again within the day once we had been a child firm simply studying to stroll – we solely had a small group of 10 remote-working employees members versus immediately’s Foundr drive of 30+ full-time workers throughout the globe.

However again within the day, this was not that straightforward.

I urged that we should always get proactive, make some offers, and attempt to assure some backers by providing one thing extra than simply books.

What if we might promote sponsorship packages on Kickstarter as high-priced perks to backers?  That means we might enhance funding and use an asset we already owned – consideration.

We might provide manufacturers or different entrepreneurs sponsorships, giving them some type of publicity by way of our model and marketing campaign, in change for funding our mission at a excessive degree.

Nathan (our CEO) agreed on the spot and requested how a lot I assumed we might pull in. No thought the place we obtained the determine however we selected $50,000.

And similar to that, I used to be on the hook to drag in 50 grand, along with my day-to-day position at Foundr. That’s startup life.

So let’s break it down.

Learn how to Get Sponsored in 4 Weeks

The Problem

To boost $50,000 in 4 weeks (that’s $12,500 per week).

We had been beginning with:

  • No offers
  • No templates
  • No provides
  • No contracts
  • No prospects
  • No pipelines

The Outcome

In the long run, we really pulled in over $70,000 {dollars} in sponsorships, smashing our goal with only a one-person gross sales group (sadly, not the entire cash was capable of undergo the Kickstarter, however hey, cash is cash).

If you wish to know how you can get sponsored and rip cash out of the air, ask strangers for cash, and get a complete bunch of sponsorships…

I’ll stroll you thru what I did.

Right here had been the important thing components:

  1. The provide (What might we provide in return for sponsorship cash? i.e. what might we promote?)
  2. The prospects (Who would possibly take up that provide?)
  3. The outreach (How might I get in contact with everybody in a brief time frame?)
  4. The deal (Convincing individuals to sponsor us with chilly arduous money)

The Supply

Every little thing in enterprise is a transaction. It’s an change. And one factor that drives me loopy round Kickstarters and fundraising is what I name the “beggar mentality.”

You’d have seen it. It’s the place individuals say, “I wish to elevate cash, please give me some.” It’s simply fancy begging and never that totally different from rattling a tin can on the road.

It doesn’t matter how wonderful your product, service, thought, or enterprise is. You’ll repel individuals with this strategy. You’re not providing worth—or at the least you aren’t speaking that worth nicely to others.

So if you wish to get individuals to present you cash, whether or not that’s sponsorship or backing on Kickstarter, what’s the change? What are you going to do for them?

It’s additionally a much more highly effective place to return from. You may have one thing of worth. When it’s restricted or scarce you should use “prizing” to your profit. One thing I discovered from Oren Klaff. It’s going to be a lot simpler to generate curiosity and get sponsors and cash you probably have a pretty provide.

What might Foundr provide that had worth to different individuals?

That is the place the partnership triad kicks in, one thing I discovered from Daniel Priestley. In each profitable partnership, each enterprise, even huge manufacturers like Nike, have one thing that they want. It’s your job to seek out an intersection between what others want, and what you’ve gotten.

For bigger manufacturers, a profitable partnership would possibly imply having cash within the financial institution to pay for publicity by way of promoting. Others might want to leverage belongings just like the energy of their branding or viewers. Or it may very well be one thing so simple as your experience, and even having an workplace house individuals wish to use. The thought is to have a look at what belongings you’ve gotten that may have worth to others and allow you to get what you want.

In our case, we had an viewers, however we wanted cash for our  Kickstarter marketing campaign.  Our change could be easy: the viewers for cash.  We determined to supply sponsorship packages together with podcasts and journal commercials – one thing we don’t often do.

Subsequent, we made it compelling by pricing it very aggressively in order that it was extraordinarily aggressive and glorious worth. We knew that if somebody wished to promote to startups and entrepreneurs, we might put them in entrance of our viewers and as a bonus with a little bit of an added halo impact from our model.

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Learn how to Get Sponsored and Make This Work for You

If you wish to know how you can get sponsored, merely have a look at what you’ve gotten that you would be able to provide. Podcast promoting, social mentions, an e-mail broadcast to your subscribers, product evaluations, creating content material, merchandise, experience, member specials, workshops, and occasions. What are you able to provide, that has worth to them? Assume: branding, viewers, data, alternative

Within the case of promoting or searching for sponsors, this may usually be particular attain and viewers numbers.

Subsequent, guarantee your provide is extraordinarily compelling and competitively priced. This makes it far simpler so that you can pitch and promote – even in case you are not excellent at gross sales. Add in extras and be prepared to barter.

By the tip of this stage, it is best to have a proposal, intimately, that’s nicely defined and nicely priced. What is going to your sponsor get for providing you with their cash?

To get sponsored, look at what you can offer

It’s additionally a fantastic thought to have multiple worth level or provide. That means you possibly can all the time negotiate down.

To get sponsored, look at what you can offer

The Prospects

As we crafted our provide, we had a reasonably good thought of who would possibly take this up (trace: the very best prospects are people who find themselves already shopping for what you will provide).

Subsequent, I labored with Charlotte, one of many wonderful directors on our group, to have a look at the highest podcasts in our house, and discover out which of them had promoting so we might search for extremely certified prospects to strategy.

Charlotte created a listing of who was already paying for promoting, and which podcasts they had been promoting on. She then created a listing of contacts and emails for these firms. There have been solely 10-20 prospects, and I knew we would want a much bigger checklist. The query was, who would wish to get in entrance of our viewers and be a great match for our model?

We shortly determined that SaaS firms and instruments that had been funded would a) be all for development, and b) have promoting budgets.

This was one thing I knew from my days working at ‘Elance’. A number of firms have a fantastic product, they’ve cash for promoting, however they’re searching for engaged audiences.

Charlotte used LinkedIn once more and generated a fairly attractive checklist of about 200 potential firms I might attain out to.

To get sponsored, make a list of prospects

Nothing fancy, only a spreadsheet. However listen, as a result of issues are about to get attention-grabbing. Be sure you have the fields “firm title,” “first title,” “final title,” and “e mail” if you wish to observe my methodology and advertising and marketing stack.

Should you get very clear in your goal buyer/sponsor, it must be fairly straightforward to place collectively a listing of people who find themselves already paying for sponsorships, and likewise firms that could be .

The Outreach

Time to get our palms just a little soiled. Now I’m not utterly happy with what I did, however I do like how I did it. I wanted to discover a solution to contact prospects and make them a proposal, and the one means to do that is thru good-ole-fashioned cold-calling.

Nobody likes cold-calling. Nobody likes cold-emails both, except that e mail is extremely focused, compelling, and has one thing that they need.

Firstly, we have to contact 200 or so individuals. It must be a good quantity as a result of, like every gross sales or partnership funnel, out of that 200 perhaps 40% open the e-mail, 20% reply, after which 5-10% may very well find yourself turning into a companion.

Secondly, we have to give them an attention-grabbing, engaging message. You’re fishing for consideration and also you want some juicy bait to get some bites.

Now for a long-time, I’ve been utilizing a secret weapon that could be a little expensive however definitely worth the cash. I don’t even like sharing it right here, but it surely’s a fantastic device. It’s referred to as Contactually. It’s a CRM that integrates superbly with Gmail, and it does just a few issues VERY nicely.

First, you possibly can bulk and personalize emails. Cool proper? Meaning you possibly can ship 200 emails in a single click on despatched out of your Gmail which is an absolute game-changer proper there.

The guts of outreach at scale is that it must be private, in any other case it will likely be ignored. Individuals are all the time looking out for bulk messages, they usually burn them on sight.

However an e mail that has their title, firm, and e mail all referenced? Nicely, that’s just a little extra private. That buys you just a few additional seconds of their consideration and at the least will enhance your possibilities that they’ll open it.

Second, Contactually exhibits you if the individual you might be emailing has acquired, opened, seen, and clicked your e mail.

That is simply pure gold.

Contactually helps you contact your prospects to help you get sponsors


Contactually helps you contact your prospects to help you get sponsors

You may arrange follow-up emails so if anybody doesn’t open your e mail you possibly can contact them. Be tremendous cautious to not be a pest or overly needy, you wish to gently nudge them and never inundate them with aggressive emails.

Use this took to gauge whether or not persons are or not.  You may then begin a follow-up sequence to proceed to pitch the deal.

From right here it’s a matter of writing compelling emails.

More often than not I used one thing like:

Contactually helps you contact your prospects to help you get sponsors

The physique of the e-mail is essential. It must be quick, snappy, and never ask for an excessive amount of. It’s essential to pique curiosity however not give every thing away. The aim is to easily to advance the dialog, to not land a deal.

The ask was simply to get on a Zoom name to seek out out if we had a proposal that may swimsuit them, speak them by their wants, and see if we might assist. I additionally used shortage by limiting the variety of sponsors we might tackle.

That must be the aim of your outreach. Get an open. Get a response. Transfer the deal ahead one step.

The Deal

When asking for $5,000+ from strangers, you will have to put in some face time. After utilizing Contactually to observe up, the following step was to have a video name with them.

This may get messy. They had been busy. I used to be busy. Time zones didn’t work, and keep in mind I had about 200 individuals within the beginning pipeline. Working in Australia and refusing to do midnight calls to Europe or the US significantly restricted me.

Learn Extra: 30 Knowledgeable Recommendations on Learn how to Get 10k Extra Followers on Instagram

Once more, that is the place I had know-how do the heavy lifting for me.

I used a superb scheduler referred to as Calendly. It allowed me to simply have individuals e-book in a time with me (once I was free), add it to my calendar, ship reminders, and even drive them to pre-qualify by filling out a kind. Simply superior. Extremely really useful.

From there, I might speak to individuals on Zoom. Generally because of the time distinction, I might be doing it from my automotive as I drove into work.

One of the best strategy was to see it as a “partnership” and never a gross sales name.

The decision construction was principally:

  • Intro and pleasantries
  • What do you guys do?
  • What would allow you to (what do you want)?
  • Right here’s what we now have (with good homework this could match what they want)
  • The shut (are you ?)

Publish name:

  • Subsequent steps (summarize the decision on e mail)
  • Attain an settlement and ask them to buy by way of Kickstarter

There was no sneaky gross sales script. Being genuine works nicely, however you continue to want to make sure they perceive the worth of what you’ve gotten and the way that may assist them.

So there you’ve gotten it, easy!

Not essentially straightforward. However it may be finished.

Key Takeaways:

1. Do your analysis (have a fantastic deal for the fitting individual and it’s straightforward)

2. Use know-how to leverage your time (I solely spoke to about 10-15 certified individuals)

3. Take a look at, measure, refine and all the time concentrate on worth

You’ll have one thing of worth that different individuals need. Don’t beg for something, put collectively a scorching deal, and success is assured.

Advertising Stack

Right here’s a listing of the entire SaaS instruments I used and suggest if it’s essential to discover and shut offers in a rush.

  • Discovering Contacts: LinkedIn
  • Buying Contact Particulars: Sellhack
  • Itemizing Prospects: Google Sheets
  • Contacting and Monitoring: Contactually
  • Automated Scheduling: Calendly
  • Videocalls and conferences:  Zoom, GoogleMeets

Sponsorship FAQs

How do I get round gatekeepers?

Do not take into consideration gatekeepers as a task to get round, however a device to land a gathering. Whether or not they’re a employees member or assistant, your first interplay with a gatekeeper will set the tone to your ask. So get to know them, ask questions, and be clear about your alternative. Gatekeepers can do greater than e-book a gathering. They’ll advocate in your behalf.

When ought to I cease asking for a sponsorship?

Use your finest judgment studying the room or digital room. A prospect would possibly by no means say no to your face, however they’ll trace with verbal and non-verbal cues on whether or not you are pushing an excessive amount of. In distinction, do not quit after one name. As a substitute, make sure you’ve answered all their questions and have completely defined your worth as a possible companion.

How lengthy ought to my sponsorship pitch be?

Your pitch ought to solely introduce your sponsorship alternative. Should you’ve already laid out the sponsorship worth in an e mail, a verbal pitch ought to take at most 10 minutes. That may be finished with a brief slide deck, whitepaper, video, or drawn on a whiteboard. Then, depart loads of time to your prospect to ask questions and focus on partnering in-depth.

Get Sponsored and Begin Constructing

Learn to get sponsored, shut offers, or construct your corporation with our all-access move to programs, group, and extra. Join Foundr+.

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