KANSAS CITY, MO — For bakeries looking to increase brand awareness, attract a new consumer demographic or maintain a loyal fan base, engaging in a corporate sponsorship can be an effective strategy for companies of all sizes. But it’s not as simple as signing on the dotted line and sending a check. These types of business-to-business relationships need time to reach their full potential and require thoughtful preplanning and a commitment to playing the long game.
Paul Zindrick, VP of corporate sponsorships for Brand Activation Maximizer (BAM), a sports and entertainment marketing agency, advises companies considering a corporate sponsorship to think about three things.
“First, how much do you want to spend for the sponsorship and activation?” he suggested. “Second, how are you going to leverage the sponsorship against your corporate strategies? In other words, why are you doing this? And third, what does success look like and how are you measuring it?”