To determine if an event sponsorship is worthwhile, analyze its past sponsor lists. If the same companies consistently sponsor for three or more years, it's a strong signal that they are achieving a positive return on their investment, making it a safer bet for your own budget.
Before programmatic advertising, BroBible found a ceiling on direct ad sales. They built a highly profitable events business, hosting concerts and selling high-value sponsorships to major brands. This became their number one revenue source for two years, demonstrating a creative monetization strategy beyond simple ad inventory.
For content without direct attribution, prove its value by systematically collecting qualitative feedback. Create a 'Trophy Room'—a document with screenshots of positive social media comments, Gong call mentions, and Slack messages—to tell a compelling story of impact beyond hard metrics.
Instead of shouldering the full financial and promotional burden of a first-time event, partner with other companies. By splitting costs and co-promoting to a shared target audience, you significantly lower risk and can test the marketing channel more affordably.
To ensure positive Return on Marketing Investment (ROMI), Autodesk's CMO uses a simple rule: a partnership must generate at least three dollars for every dollar spent. This financial discipline forces marketers to pursue only high-impact collaborations that act as a force multiplier for the brand.
The ROI of attending an event extends beyond lead generation. A key, often overlooked, metric is client retention. Simply showing up at an industry event can prevent existing customers from churning to a competitor who is present, making defensive retention a primary pillar of event strategy.
Instead of saying 'no' to partner requests for low-ROI activities like golf events, use data as an anchor. By presenting the past results (or lack thereof), the conversation shifts from a subjective refusal to an objective, collaborative effort to find more effective, pipeline-driving alternatives. This protects the relationship while enforcing financial discipline.
To identify which events actually drive business, analyze your last 5-20 closed-won deals. Look for recurring, time-bound triggers that you didn't create. This data-driven approach provides clarity on where to focus your efforts, revealing the organic drivers behind your biggest successes.
Most sponsors waste their investment by not engaging attendees before the event. A targeted pre-show email campaign is highly effective because attendees are actively planning their schedules and are more receptive to relevant outreach, making them more likely to visit your booth.
Shift the mindset from a brand vs. performance dichotomy. All marketing should be measured for performance. For brand initiatives, use metrics like branded search volume per dollar spent to quantify impact and tie "fluffy" activities to tangible growth outcomes.
Companies over-invest in booth aesthetics and under-invest in preparing their go-to-market teams. True event ROI is driven by setting clear pre-event outreach goals, on-site engagement metrics, and rapid, personalized post-event follow-up, not by the physical booth itself.