| These
are tight economic times. Basic costs keep rising dramatically,
yet budgets are not keeping pace with these increased costs. In
many instances CEOs and their boards must consider cutting back
on important programs if they can't find new sources of income.
One
important source of income that is usually not explored is the placing
of naming rights. These are the rights that let a complementary
organization align itself with your organization by placing its
name in a dignified manner on your building or property.
How
much can you sell your naming rights for? This depends on many factors,
including the type of business or organization you have, your visibility
in your community, and many other considerations. Most naming rights
that have been placed are in the one-hundred-thousand to multi-million
dollar ranges for stadium naming rights. The only effective way
to find out what your rights are worth is to conduct a thorough
marketing and placement campaign.
But
until now the only way to secure a sponsor for your organization
was to spend at least twenty-five thousand dollars on a feasibility
marketing study, then to spend thousands more on advertising and
contracts. There would also be monthly consultation packaging and
solicitation fees in the range of $10,000 per month.
These fees would last for at least a few months and could go on
for over a year. Then, after you had paid over $70,000 up front
in marketing studies and consulting fees, in many instances the
consultants would not have found any qualified applicants that would
pay for your naming rights.
Now
The Naming Rights Association has a truly cost-effective program
that takes all of the financial risks in marketing and placing your
naming rights. When you join us you just pay a small association
fee, and we do all the work and expend all the capital to market
your rights to companies both locally and nationally.
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