Getting that first paid sponsorship is among the most rewarding moments you’ll ever expertise as a creator.
It’s additionally step one in your journey in the direction of monetary freedom and constructing a life that you just’re excited to get up for.
Simply think about … you get to work with manufacturers you’re keen on, join your viewers with wonderful services and products, and make a ton of cash within the course of!
When you’re a creator, an influencer, a podcast host, or a publication author — sponsorships can and ought to be a important pillar that can assist you construct your enterprise.
However the issue most creators face when arranging sponsorships is unpredictability.
Whether or not that’s getting lowball charges from manufacturers and even simply not understanding with certainty the place the subsequent partnership is coming from, determining your sponsorship technique might be sort of exhausting.
Most creators assume the method appears to be like one thing like this:
However what if I instructed you that the method of working with manufacturers doesn’t have 3 steps — it really has 8?
When you’re not acutely aware of those 8 steps, you’re by no means going to lock in long-term partnerships (which ought to be the aim)!
You may need landed a number of profitable offers over your creator profession, however you wish to be hitting these each month, proper?
However the excellent news is that this:
The one factor between you and constant, predictable sponsorships is the proper system.
Introducing the Sponsorship Wheel.
The Sponsorship Wheel is a confirmed 8-step, rinse-and-repeat system that if carried out with a long-term mindset, will enable you to land constant, well-paying model offers permitting you to lastly go full-time together with your creator enterprise and construct the life you need.
At its core, the sponsorship wheel is a system for monitoring what stage your varied partnerships are at. The primary mistake I see creators make is taking their foot off the gasoline too quickly.
Simply since you’ve signed the contract doesn’t imply you possibly can relaxation in your laurels. Simply since you’ve submitted the property to the model doesn’t imply it’s time to place your ft up.
It’s on you as a creator to maintain the sponsorship wheel turning (particularly after you hit publish).
However with a view to try this, you first want to grasp the 8 steps, so let’s break it down.
Step 1: Pitch
That is the part the place you are reaching out to a model chilly to suggest a collaboration or a model has reached out to you inquiring a couple of partnership.
When reaching out to them, your pitch must comply with what I name the ROPE methodology:
- Relevant (to any present campaigns they’re working or have run previously)
- Organic (might be tied again to work you’ve already printed)
- Proof (exhibits the way you’ve helped one other model obtain outcomes)
- Easy to execute (once they say “sure”)
Preserve this in thoughts throughout your pitch. Don’t write three paragraphs telling them how a lot you’re keen on their model and have at all times dreamed of working with them. That gained’t reduce it as a result of it’s precisely what all people else is doing.
However what about when a model reaches out to you?
It’s essential to do not forget that simply because they did doesn’t imply you possibly can telephone it in and count on that they’re one hundred pc dedicated to working with you.
They in all probability reached out to a bunch of different creators in your area of interest too.
So it’s as much as you to pitch them on why they made the best name in emailing you, and why you can really go above and past for them, such that the model ought to pay you 2-3x what they initially had in thoughts.
However what about when a model ghosts you after your pitch?
If you wish to see precise outcomes, I like to recommend you do a minimum of 4 follow-ups.
- Comply with-up 1 (If no response, 5 days after the preliminary chilly pitch or preliminary response to their inbound inquiry)
- Comply with-up 2 (If no response, 6 days after Comply with-up 1)
- Comply with-up 3 (If no response, 7 days after Comply with-up 2)
- Comply with-up 4 (If no response, 14 days after Comply with-up 3)
Step 2: Negotiate
That is the part the place you’ve got agreed in precept to collaborate with the model however you might be actively negotiating the deal phrases.
The length of this step ought to be 5 days, in any other case, comply with up with the model/company.
Throughout the negotiation, there are a number of essential issues to recollect.
First, the individual on the model who you’re involved with initially doubtless gained’t be the one one that has enter on the deal. Be ready to barter with a number of folks.
Second, it’s worthwhile to perceive what the model’s aim is. They might merely be trying to create consciousness of their new services or products, or possibly they’re actively targeted on changing new prospects to their enterprise. Or possibly they wish to use the deliverables you create on their very own social platforms.
Third, it’s worthwhile to decide a pricing technique. This could primarily be primarily based on the worth you’re offering to the model, reasonably than simply asking your pal what they cost for, say, a publication integration, and copying that charge. Your pricing should change in relation to the brand’s goals.
Fourth, it’s worthwhile to be taught to beat model objections. For instance, in the event you attain an deadlock the place the model simply gained’t go greater on their supply, it’s important to discover ways to negotiate a compromise, or else be okay strolling away from that deal.
Lastly, remember you and the model are on the identical staff. They’ve come to you as a result of they suppose you possibly can assist get their marketing campaign throughout the end line — they usually’re gonna pay you for it!
One drawback creators face early on is manufacturers providing them free merchandise reasonably than precise fee. This may really feel good the primary time it occurs, nevertheless it rapidly turns into extremely irritating. In any case, a free packet of vegan beef jerky isn’t gonna pay your payments, proper?
Step 3: Contract
That is the part the place you’ve got agreed to the deal phrases and now are both reviewing the contract the model/company has supplied or drafting your individual settlement to ship to them.
The duration of this step ought to be seven days, in any other case comply with up with the model/company.
Crucially, throughout this step it’s worthwhile to align on the timeline of occasions shifting ahead.
For instance, when does the model want the property to go reside? And earlier than that, when can be superb to ship your draft content material for overview? When you’ve despatched that draft, how lengthy must you count on to attend earlier than receiving suggestions and/or revision requests?
All of this issues. With out agreeing on these timelines you possibly can’t determine once you’ll be integrating the sponsorship inside your content material, or when to put aside time to finish their revisions.
You’ve additionally obtained to align on some key expectations so they do not come again to chunk you later. For instance, agreeing on what number of rounds of revisions you’ll do and what constitutes an affordable revision is paramount.
As a Sponsorship Coach who has remodeled $4,000,000 personally working with manufacturers and has helped different creators land over $3,000,000 in sponsorships, I’ll say that this step (if executed improper) may cause the largest complications down the highway.
Step 4: Idea
That is the part the place you overview the artistic temporary and submit an idea to the model/company (even when they have not requested you!) for overview/approval previous to creating the content material.
The length of this step ought to be 5 days, in any other case, comply with up with the model/company.
First up, if the model hasn’t supplied you with an idea, ask them straight away.
I’ve seen so many partnerships derail when the model says they belief the creator to create the property and not using a temporary, however then finally ends up giving them a stack of revisions as a result of it “wasn’t actually what they’d in thoughts.”
Make them inform you what they take into account.
What are the principle speaking factors? What’s the call-to-action? Any do’s or don’ts?
Then, on a extra granular stage, how do they like to be launched in your content material? (“This week I’m partnering with…”? “This podcast is sponsored by…”?)
If the model provides you this data out the gate, you’ll save a lot time in a while.
And don’t fear, it may well really feel like there are so many questions you can ask the model that it’s exhausting to know the place to begin (and in the event you’re lacking something essential).
Step 5: Produce
That is the part the place you create the content material and ship it to the model/company.
The length of this step ought to be relative to your draft supply date.
When sending the deliverables to the model, I counsel placing all the things right into a single doc, like a Google Doc.
This makes it simpler for the model to see all the things in a single place and permits them to remark instantly on, say, wording alternative on the advert learn or the section of your publication the place you speak about them.
Step 6: Suggestions
That is the part the place the model/company critiques your content material and requests revisions, edits, or reshoots.
The length of this step ought to be seven days, in any other case, comply with up with the model/company.
That is the place the steps we took earlier save us a while. As a result of it’s now as much as you to resolve whether or not the revisions they’re asking for are cheap and whether or not you’ll do them free of charge or cost them extra.
Clearly, in the event you didn’t adhere to the authorised temporary and idea, try to be open to free revisions.
You must also be open to minor revisions if it’s going to support your relationship-building with that model, as long as they’re not being completely unreasonable.
If it’s going to take you 5 minutes to make the adjustments they requested, simply do it.
However this equally means you’ve obtained to place your foot down if they’re clearly not being cheap.
Perhaps they’ve gone well past the variety of agreed-upon revision rounds, or now they’re asking you to create some fully new content material not beforehand outlined within the temporary.
In circumstances like this, charging the model additional could be warranted.
Step 7: Publish
That is the part the place you publish the content material and ship the reside hyperlinks to the model/company.
The length of this step ought to be relative to the go-live date.
For this, I’ve a guidelines that takes you all the best way from the second you signal the contract proper by to the second you hit publish in your sponsored content material.
That’s out there as a useful resource to all Brand Deal Wizard college students.
Step 8: Analyze
That is the part the place you bill the model/company and supply your tax and vendor paperwork. Inside this part, there are additionally some sub-steps. For instance, after you ship the bill and tax and vendor paperwork:
- Comply with-up 1 (If no response, 5 days after submission)
- Comply with-up 2 (If no response, name or e mail 3 days after Comply with-up 1)
- Comply with-up 3 (If the response is obtained, 7 days previous to bill due date)
You additionally wish to present the model with a post-campaign report summarizing the marketing campaign aims and key insights about its success.
This can look completely different relying on the marketing campaign targets.
You may share the variety of views/impressions your content material obtained relative to the model’s expectations.
If this was an consciousness marketing campaign, you can embody screenshots of feedback from folks saying they’d by no means beforehand heard of the model earlier than.
The goal of that is to indicate the model that this marketing campaign was a hit, proper?
By the best way, now that we’ve reached Step 8, hopefully, it’s clear why this method will not be structured as a horizontal timeline, however reasonably as a wheel.
The second you full this partnership, it’s important to pitch them in your subsequent thought!
The worst potential factor you are able to do is to gather that examine after which by no means discuss to the model once more.
Bizarrely, a big quantity of creators do that and find yourself again on the market hustling for the next partnership with a new brand.
It’s so, so, a lot simpler to nurture the model relationships you have already got than it’s to continually win over new shoppers … belief me.
Subsequent Steps for Creators
So now you understand how the Sponsorship Wheel works, however the huge query nonetheless stays:
“How do I really get on it?”“The place does that first sponsorship come from? What if manufacturers aren’t reaching out to me but and I don’t have the primary clue about which manufacturers to method?”
Properly, you’re in luck — by signing up for my weekly Creator Wizard newsletters, you’ll obtain a listing of manufacturers who’re actively trying to sponsor creators, in addition to strategic ideas you should use to barter extra profitable offers.
Thanks for studying, and better of luck together with your subsequent sponsorship!