Guest Justin Moore, a sponsorship coach and founder of Creator Wizard, teaches how to find and negotiate brand deals. The podcast explores creating a sponsorship strategy, increasing revenue, managing partnerships, in-house vs. paying partners, directing audiences, legal costs, and contract review.
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Quick takeaways
Having a proactive sponsorship strategy can significantly increase creators' revenue potential by identifying and creating bespoke solutions for brands.
Managing sponsorships internally allows creators to have more control and flexibility in creating holistic campaigns that align with their objectives.
Influencer partnerships offer more than just ad inventory, as they provide brands with a genuine stamp of approval, access to a target audience, and potential additional assets like content creation and social media promotion.
Deep dives
Sponsorship as a Strategy for Revenue Growth
In this podcast episode, the speaker discusses the importance of having a sponsorship strategy to unlock the true revenue potential of sponsorships. They explore how many creators see sponsorships as something that happens to them, rather than actively identifying opportunities to partner with brands. By taking a proactive approach and creating bespoke solutions for brands, creators can significantly increase their sponsorship revenue. The speaker emphasizes the need to view sponsorships as an opportunity to serve brands and provide value to their audience, rather than simply treating it as inventory. They also discuss the potential for diversification and the importance of building long-term partnerships based on trust and mutual benefit.
Challenges and Opportunities of In-house Sponsorship
The podcast episode highlights the challenges that creators may face when managing sponsorships internally versus relying on third-party partners. The speaker emphasizes the need for a strong sponsorship strategy that goes beyond occupying available inventory. They explore the possibility of bringing sponsorship operations in-house to have more control and flexibility in creating holistic campaigns that align with the creator's objectives. The episode also discusses the importance of establishing clear expectations with sponsors, collaborating on custom content, and actively seeking data and feedback to ensure the success of these partnerships.
The Value of Influencer Partnerships
The podcast episode emphasizes the value of influencer partnerships and the impact they can have on a brand's marketing efforts. The speaker highlights the significance of a creator's influence and the trust they have built with their audience. They suggest that influencers can offer brands more than just ad inventory, but also a genuine stamp of approval and a way to reach their target audience effectively. The episode discusses the potential for creators to offer additional assets such as content creation, social media promotion, or webinars as part of a holistic sponsorship package. By aligning the goals of the brand and the creator, partnerships can be more valuable and mutually beneficial.
Considerations for Successful Sponsorship Relationships
The podcast episode explores the need for clear communication and collaboration between creators and sponsors to ensure successful partnerships. The speaker suggests that creators should take an active role in the sponsorship process, including negotiating deliverables, usage rights, and terms. They emphasize the importance of open dialogue, exchanging data, and sharing insights to create value for both parties. The episode also highlights the need for creators to overcome a scarcity mindset and understand that engaging with sponsors does not necessarily take away from their own revenue sources. By focusing on serving brands and building long-term relationships, creators can maximize their sponsorship revenue and create a positive experience for sponsors.
Creating Custom Solutions and Adding Value
The podcast episode encourages creators to think beyond traditional sponsorship models and consider co-creating bespoke solutions with brands. The speaker suggests that by understanding a brand's goals and challenges, creators can offer unique ways to add value to their partnership. This could involve creating custom content, permanent brand placements, or offering access to the creator's platform and community for increased visibility. The episode emphasizes the importance of flexibility, creativity, and a service-oriented mindset in developing successful sponsorship strategies.
Justin Moore is a sponsorship coach and the founder of Creator Wizard, a school and community that teaches you how to find and negotiate your dream brand deals. Along with his wife, April, Justin has been a full-time creator for over 8 years and has personally made over $4,000,000 working with brands. He has also run an influencer agency for over 7 years that helped creators earn an additional $3,000,000.
Now Justin brings a very unique perspective because not only has he been a creator in the trenches doing sponsorships for years, but by running an agency, he has insider knowledge behind how big brands choose which influencers to partner with and why they pass on others.
The conversation you're about to hear is something we recorded for Justin's YouTube channel about a month ago. In 2023, Creator Science earned more than $100,000 in sponsorship alone, but I didn't really have a sponsorship strategy. So in this episode, we changed that completely. Justin helps me see where I'm leaving things on the table.