{"id":10610,"date":"2020-09-15T13:58:34","date_gmt":"2020-09-15T13:58:34","guid":{"rendered":"https:\/\/www.naylor.com\/associationadviser\/?p=10610"},"modified":"2020-09-15T17:32:37","modified_gmt":"2020-09-15T17:32:37","slug":"new-sponsorship-model-virtual-events","status":"publish","type":"post","link":"https:\/\/www.naylor.com\/associationadviser\/new-sponsorship-model-virtual-events\/","title":{"rendered":"Rekindle the Flame for Virtual Event Sponsorships"},"content":{"rendered":"<p>For too long, associations and sponsors have been stuck in the position of needing each other to survive while discontent with the value they receive from each other. It\u2019s like a bad marriage, write Bruce Rosenthal, principal at Bruce Rosenthal Associates, LLC, and Chris Gloede, chief consultant at Ricochet Advice, in their new white paper, <strong><a href=\"https:\/\/ricochetadvice.com\/insights\/new_sponsorship_model_for_virtual_events\/?utm_source=associationadvisor&amp;utm_medium=publication\"><em>The New Sponsorship Model for Virtual Events<\/em><\/a><\/strong>.<\/p>\n<p>But this year\u2019s COVID-19 pandemic and the resulting shutdown of in-person events has forced both parties to reconsider their investments in association events. It\u2019s a great time, the pair writes, to consider the opportunities this pause in action offers for resetting the relationship between sponsors and associations. Events represent a significant revenue source for associations as well as an important way for companies to start and nurture profitable customer relationships.<\/p>\n<p><em><a href=\"https:\/\/ricochetadvice.com\/insights\/new_sponsorship_model_for_virtual_events\/?utm_source=associationadvisor&amp;utm_medium=publication\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft size-medium wp-image-10619\" src=\"https:\/\/www.naylor.com\/associationadviser\/wp-content\/uploads\/sites\/2\/2020\/09\/New-Sponsorship-Model-for-Virtual-Events-graphic-300x230.png\" alt=\"cover of report\" width=\"300\" height=\"230\" srcset=\"https:\/\/www.naylor.com\/associationadviser\/wp-content\/uploads\/sites\/2\/2020\/09\/New-Sponsorship-Model-for-Virtual-Events-graphic-300x230.png 300w, https:\/\/www.naylor.com\/associationadviser\/wp-content\/uploads\/sites\/2\/2020\/09\/New-Sponsorship-Model-for-Virtual-Events-graphic-768x588.png 768w, https:\/\/www.naylor.com\/associationadviser\/wp-content\/uploads\/sites\/2\/2020\/09\/New-Sponsorship-Model-for-Virtual-Events-graphic.png 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>The New Sponsorship Model for Virtual Events<\/em> is a forward-looking piece whose purpose is \u201cto inspire associations and sponsors to think broadly about the new opportunities virtual events create.\u201d Among the benefits to both associations and their sponsors are immediate attendee interaction, larger audiences, more data about attendee interests and interactions, and expanded content offerings than found at in-person events. Virtual events, write Rosenthal and Gloede, can offer sponsors the visibility and positioning that has been lacking from in-person events.<\/p>\n<p>They provide a hypothetical \u201cMega Conference\u201d sponsorship package that covers all the means through which associations can integrate sponsors into their virtual conference or trade show in a meaningful, attendee-facing way. Readers can adopt and customize for their individual virtual events.<\/p>\n<p>Download the full paper and sample sponsorship prospectus <strong><a href=\"https:\/\/ricochetadvice.com\/insights\/new_sponsorship_model_for_virtual_events\/?utm_source=associationadvisor&amp;utm_medium=publication\">here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year&#8217;s shutdown of in-person events is a great time for associations to reconsider their event sponsorship model, according to a new whitepaper, The New Sponsorship Model for Virtual Events.<\/p>\n","protected":false},"author":26,"featured_media":5972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,31,136],"tags":[734],"class_list":["post-10610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-features","category-whitepapers","tag-event-sponsorships"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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