Transforming Sponsorship Sales: Key AI-Driven Insights from the Mirren AI Tech Conference
Transforming Sponsorship Sales: Key AI-Driven Insights from the Mirren AI Tech Conference
by Team SPX (with the help of several AI tools)
Mark Harrison, the founder of SponsorshipX, is constantly searching to learn how we can push the boundaries of what sponsorship and partnerships can achieve. His recent attendance at the Mirren AI Tech Conference offered a unique platform for exploring how artificial intelligence (AI) is transforming business development and sales strategies in the sponsorship industry. As global partnership revenue generators, those in the sponsorship sector must consider the evolving role of AI and new technologies to stay ahead of the competition and drive revenue growth. Here are key learnings from Harrison’s insights at the conference that can help sponsorship professionals become better salespeople.
1. Leverage AI to Empower Human Creativity
One of the key messages at the Mirren AI Tech conference was the notion of "empowering the human" through AI. AI tools, like Microsoft's Copilot, are not meant to replace human creativity but to enhance it. Tools like Google Gemini and Stagwell’s Quest DIY platform were highlighted in the sponsorship industry as potential game changers for tasks such as generating proposals and creating personalized pitches at scale. AI can streamline administrative tasks and research, giving sponsorship professionals more time to focus on strategy, relationship building, and creative solutions for partners.
Learning Point: AI enables sponsorship sales teams to become more efficient by automating repetitive tasks, allowing more bandwidth for developing innovative partnership concepts and solutions that resonate with clients.
2. AI and Sales Intelligence: A New Frontier
Another central theme at the conference was the integration of AI into business development (BD) and sales intelligence. AI tools like Humantic AI and Waldo were showcased as allowing sales teams to personalize outreach at scale and predict customer behaviour. These tools help sponsorship professionals anticipate the needs of potential partners and tailor their pitches more effectively. Predictive analytics can also assist in determining the most relevant industries, clients, and sponsorship categories to target, thus optimizing sales pipelines.
Accenture’s impressive $3 billion revenue from AI innovations underscores the potential for sponsorship professionals to drive similar growth by adopting AI-driven BD strategies. By using AI to analyze customer data and engagement patterns, sponsorship teams can craft pitches that are more aligned with their client’s business goals, ensuring a higher success rate.
Learning Point: AI enhances sales intelligence by providing actionable insights into client behaviour, enabling more targeted and effective outreach strategies.
3. Adopting a Value-Based Approach to Pricing and Selling
Mirren emphasized the importance of shifting from traditional pricing models to value-based pricing. For sponsorship professionals, this means focusing not just on the price tag of a deal but on the value it brings to the client's business. AI can assist in quantifying and demonstrating this value by developing journey models and predictive insights. For example, using tools like PRophet Earn, sponsorship teams can project the potential brand exposure and engagement that a partnership will generate, making it easier to justify premium pricing.
Brent Hodgins from Mirren highlighted the need for sponsorship teams to move away from selling marketing KPIs and instead focus on business KPIs like revenue, customer acquisition, and market penetration. AI tools can help track and report on these metrics, providing tangible evidence of the partnership’s impact.
Learning Point: Sales teams in the sponsorship industry should adopt value-based selling, leveraging AI tools to demonstrate the business impact of sponsorships rather than just focusing on marketing deliverables.
4. AI-Driven Creative Collaboration
The conference also discussed how AI can foster collaboration and creativity in sponsorship sales. Tools like Pencil Pro, Slipstream, and Sandbox were mentioned as platforms that enable teams to collaborate on creative assets in real-time. This is crucial for global partnerships where teams may be dispersed across different geographies. Sponsorship professionals can use these platforms to co-create innovative activation ideas, ensuring all stakeholders are aligned and contributing to the final product.
Learning Point: AI-powered creative tools facilitate collaboration, ensuring that sponsorship proposals are cohesive, innovative, and tailored to each partner's needs.
Mark highly recommends the Mirren AI Tech Conference for those exploring and committed to embracing new technologies that can redefine the sponsorship industry. For sales professionals in the space, adopting AI tools and strategies is no longer optional—it’s essential for staying competitive. By leveraging AI for efficiency, sales intelligence, value-based pricing, and creative collaboration, sponsorship professionals can become more effective, innovative, and successful in driving revenue for their organizations and partners.