Saturday, 15 October 2016

Ups and downs of a start up - The importance of partnerships in business….



So I haven’t posted on this blog for a while, working on my next event with Beth Tweddle has taken up a lot of my time. After running one event, I have already picked up some valuable experience in running (or attempting!) to run an events company. Here are a few little bits, which may help you if you are starting up like me.

The importance of partnerships
So for my first event I worked with some great companies who put some social media posts about the event, which was very helpful. I really didn’t value or understand the importance of having partners in running these events. The key is to try and work out what organisations would be interested in your event. There is a wealth of information online about the benefits of partnerships and some examples. For this event I decided to go with a different approach, I sent an invite to a local sports partnership to the event. I had a good response, with a few of their staff members contacted me showing interest. This led to a dialogue about potentially working with the partnership and an organised phone call. I listed all of the things we could do for them, such as free tickets for staff and exposure on the night, they will also have a former Olympian at an event they are involved in. The benefits for us could be huge, such as the partnership promoting the event to their huge social media followers as well as giving us access to their corporate clients. We are still finalising the arrangement, but it is exciting times for Live Sport Talks. Another decent arrangement is a little guest appearance on the local radio station. After making a phone call and offering press passes, the station have offered to promote the event along with me making a guess appearance!

Press releases
So I read online that sending mass press releases is a great way to get the word out there about your event, which it does to a certain degree. I sent out my press release to lots of different publications from local radio stations, magazines and even the BBC ( worth a try!). I had some replies, some asking for press passes to the event and also some asking for more information which was great. I went to a networking event and got chatting to someone quite senior in their company. I told them about the promotion and what I have been up to, including the press releases which I was feeling pretty proud about. The gentleman then made me aware that editors can receive around 250 different press releases a DAY; then asked what I done to make mine different. This made me realise that I should probably follow up these press releases with offerings of press passes and some more information about why my event stands out. Something to think about in the future!

It is easy to ignore an email, phone too!
In my day job I am a pretty accessible guy, very rarely would I not respond to an email. In my original plan, I thought sending emails to people that may be interested would lead to potential clients. The trouble is an email is easy to ignore, doesn’t matter how many times you resend it! This is when you have to really put the hours in, making sales calls and leaving messages. Like me, some people find sales calls awkward and you will get a mixed response from people. In this country particularly, people don’t like to be sold to. If you was running a business in the USA, then I am convinced people are more outgoing and these conversations are easier. To be honest, in the UK we are peppered with PPI calls and car accident claims calls, so you can understand why people don’t like these calls. The difference is that what you are selling can be beneficial to them (that’s why you are calling!), so this means you are offering them a great opportunity. My first talk was with an Olympian swimmer in London. I contacted the local clubs to offer them the chance to come along and hear from an Olympian swimmer, to me that is a great opportunity being offered to them for less than a price of a cinema ticket. I have recently included sending letters to clients with flyers, I felt the personal touch may appeal to people. Some people may say that sending a letter is a waste of time due to new technology, however I believe there is still a place for traditional marketing. Remember not everyone are slaves to their iPhones and iPads and may appreciate a letter.

So that is about it for this blog post. One last thing, just to add in to the post about something else I picked up from a career coach at a networking event. The coach said that it is very important not to allow the fear of failing completely absorb you. While the desperate side of wanting to make the company work plays a part, don’t let that side of you affect the creative side, if that make sense! 

Our next Live Sport Talks is at the AJ Bell Stadium with Britain's most successful female gymnast Beth Tweddle on Thursday 24th November! Tickets available at www.livesporttalks.com