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The impact of sponsorships in Formula 1 racing? In a word, MASSIVE! 🐘 Around 300 brands and companies sponsor F1 teams, according to data from Decalspotters. This is twice as many as ten years ago! 🤯 Who are these brands? They used to be B2C companies like Philip Morris International, but now it’s all about B2B, specifically tech. In fact, nearly half of F1's official sponsors are B2B brands, including software providers like Cognizant, Amazon Web Services (AWS), and Oracle. As B2B brands seek to amplify their reach and engage with new audiences, they partner with F1 teams. For example, the American technology company HP Packard has partnered with Ferrari, creating the new team Scuderia Ferrari HP. Imagine the impact of that brand partnership! BUT - and here’s the good news - you don’t have to be as big as an F1 team to run sponsorships like the pros! Smaller clubs and teams can leverage sponsorships and brand partnerships by following a similar playbook but on a much smaller scale. The secret sauce? Making sure you commercialise EVERY single one of your media assets/channels. One of the biggest areas of opportunity lies in the #digitalsponsorship space. Many organisations fail to fully capitalise on their digital channels, resulting in unfulfilled sponsor deals and leaving money on the table. 😭  Often, these deals represent low-hanging fruit—easy wins that could be added to sponsorship packages to optimise revenue. Are you maximising your sponsorship revenue? Are you providing your sponsors with continuous engagement opportunities, both off and on the field? During and post event? Offline and Online? If not, we can help. Contact us to find out how much extra digital sponsorship revenue you could be earning. We can run a real-time report to identify potential earnings through optimised sponsorships and brand partnerships. Ready for the new era of sponsorships? Comment ‘interested’ below, and one of our team will get in touch. #F1Sponsorships #Formula1 #SponsorshipImpact #B2BSponsorships #TechSponsorships #F1Brands #SponsorshipTrends #F1Partnerships #SportsMarketing #SponsorshipActivation #RevenueGeneration #Riterz #SportSponsorships #Sports #SportsBiz #SportsBusiness #SportsSponsorship #Sponsorship Sources: - [HP Press Release](https://lnkd.in/gwvk4hyb) - [Decalspotters Data] (https://lnkd.in/gYer2UUa)

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