Running a business on a budget can be tricky. We’re forced to find as many cheap and effective methods of marketing as we can, but there’s only so much we can do with the limited resources we have. At times, it’s often a good idea to reach out to other companies and business to help fund some of our projects. A lot of people reach this conclusion, but they seek the wrong services. They typically go to a bank and take out a loan, and while it’s a solid method of gaining a nice chunk of cash to spend on your business, it’s not exactly the cheapest way to go about boosting your company because you have to pay it back with interest.This can be especially difficult if you are running a non-profit organization with limited funds.
Thankfully, there is another way: corporate sponsorships. Essentially, if you align your interests with another company, you have a mutually beneficial relationship. Your proposal could include making content about their business or putting their logos across your booth at a trade show. As long as both you and the business are benefiting each other, there’s money to be had and it’s a fantastic way to get an additional source of revenue. Of course, it’s not just a case of asking nicely and then receiving a nice chunk of money in your bank account—there’s a lot more to it than that. To give you some help, here’s a fantastic infographic that will help you write the perfect winning sponsorship proposal that could propel your business and give you a nice boost of cash to spend on your growth.
Design by The Sponsorship Collective
I hope you enjoyed this article about how to pitch for corporate sponsorship.
Interested in more articles about raising money for your business?
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Published by Michael J Schiemer
Owner of Bootstrap Business
Money - Marketing - Motivation
Digital Marketing | SEO | Social Media
Mike Schiemer Builds Better Business
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