Difficulty: Moderately Easy
Step1
Pick a professional sports team to sponsor. It can be a local team, or if the business offers its products or services nationally, then one of the top teams in the nation would be a good place to start. The Chicago Cubs and Atlanta Braves are aired by stations that broadcast nationally.
Step2
Determine the level of sponsorship. Obviously, a name on the side of the stadium will get noticed, but sponsorship can be something as simple as a small ad in the team's program, which is sold at the game.
Step3
Consider the cost. Is the return on investment going to be enough to make a profit? It might be best to start small and test the results of sponsorship before, say, jumping into the mix for naming rights on a stadium.
Step4
Talk to the professional sports team's business office. It will point you in the right direction on how your business can go about being a sponsor of the team.
Step5
Monitor the results. If your business doesn't see a sharp increase in sales, then you may want to consider other alternatives. A professional sports team is a good place to market your team, but make sure your business appeals to a typical sports fan.
Step6
Remember to renew or expand your sponsorship. If you like the results, continue to sponsor the professional sports team, and consider taking a bigger step into sponsorship to increase exposure.