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Corporatepartnerships people are unique. Some of the biggest challenges in corporatepartnerships are the myths and inaccurate assumptions about what constitutes a partnership and what a partner is willing to do for your non-profit. It’s not the best use of a partnershipmanager to scrounge free stuff.
Good leadership is critically important to light the fire for successful corporatepartnerships. The gap between your current state and the future ambition is where you invite the corporate partner to collaborate on the journey. Build a system to sustain a partnership. It’s not the same as lighting a fire under people.
Partnershipmanagers want to be successful and will go somewhere that supports that success. Leave this field empty if you're human: The post The cycle of frustration in corporatepartnerships appeared first on Stellar Partnerships. The organisation hires some new staff and restarts. The cycle begins again.
Corporatepartnerships are at a tipping point in Australia and around the world. As a partnershipmanager you have the ability to influence and enable companies to demonstrate how they create social good, rather than just talk about it. Yell it with me, nobody puts corporatepartnerships in the corner anymore.
That’s means allocating the right resources, ensuring that training and development is available for partnershipmanagers and breaking down the internal silos that can hamstring future partnerships. Partnershipmanagers don’t have the positional power or the time to do everything themselves.
Partnershipmanagers want to be successful and will go somewhere that supports that success. Let’s ensure that good partnershipmanagers don’t burn out and your organisation can realise its full partnership potential. If you’ve got two legs and partnership ambitions, there are more fulfilling ways to use your day.
How are you balancing the risk and the opportunity of corporatepartnerships? Corporatepartnerships are often viewed as risky. Clarifying the decision process for selecting corporate partners and who has the final decision rights, is a step that’s continually missed. Identify your no-go areas.
Corporatepartnerships are moving fast and becoming more sophisticated. Challenging times need a different approach to winning and building partnerships and managing complexity. If you lead a team of corporatepartnership professionals, how can you encourage more of the challenger approach?
Whether you are a chief executive, a fundraising director, or a corporatepartnershipsmanager, you want to build high value corporatepartnerships. These partnerships will help you deliver more value for less effort for your charity and your corporate partners.
Clearly, it’s important for income generators (fundraisers/corporatepartnershipmanagers/BDMs) to know the difference. Not to mention that a corporatepartnership that is rushed into, carries huge risk. We have a great (free) infographic that details each purse, download it here. The result?
Many non-profits are tempted by the thought of corporatepartnerships but haven’t yet made the commitment. The research from JB Were and the Giving Large report shows corporate giving estimated at $5billion per year and growing despite economic challenges. There has never been a better time to pursue corporatepartnerships.
It’s what corporatepartnershipmanagers hear all the time from their bosses. The pressure to find new partnership opportunities. We know there are plenty of corporatepartnership opportunities for non-profits, despite the current environment. He was super stressed and had run out of corporates to call.
That can be weekend cycling rides or partnership success. Progress in corporatepartnerships is a tricky thing to measure but needs careful attention. Unfortunately, corporatepartnerships don’t play by the same rules as they’re not formulaic, they’re relationship driven. Learn from success and failure.
What do corporatepartnerships have in common with Steven Bradbury, the Olympic speed skater? A little bit of luck is the icing on the cake, but for corporatepartnerships, the smarter you work, the luckier you get. There are a number of ways to increase your surface area for luck in corporatepartnerships.
When you’re working hard to build great corporatepartnerships, it can sometimes feel like the biggest challenges are with your internal teams, not your corporate prospects. We warmed up the corporate about the wonderful work being done for children in poverty. The enemy sits behind you”. End of meeting. Collaboration.
You probably have one or two key contacts for your corporatepartnership. You’ll need to consider the key individuals in your corporatepartnership and ensure you appropriately recognise each of them. Sometimes it needs more than the corporatepartnershipmanager to do the thanking.
The focus on immediate revenue at the expense of impact is killing growth and reducing the ambitions for corporatepartnerships. That means a focus on funding for ongoing programs and creating products to sell to corporates. It sounds an unlikely scenario, but that’s exactly what non-profits are doing with a scarcity mindset.
How are you minimising the risk and maximising the opportunity of corporatepartnerships? Corporatepartnerships are often viewed as risky. Clarifying the decision process for selecting corporate partners and who has the final decision rights, is a step that’s continually missed.
When non-profit leaders set partnership targets at the end of each financial year, they’re invariably about income. Apart from staff salaries, they often overlook the true costs of corporatepartnerships and how to assess them properly. Probably not- so why are you waiting to explore corporatepartnerships?
The average salary for an experienced partnershipmanager is around $100-120k plus benefits. Lack of investment in your partnership people leads to rapid turnover and a break in relationship continuity. It’s harder to build a strong and meaningful corporatepartnership when your people change so often.
When organisations ask partnership people to focus on bringing in corporate money, they miss the point. Whilst cash helps to grease the wheels of operations, that’s not what partnerships are all about. Think of your partnerships team. For non-profits the corporate partners are perfect adjacent friends.
Not having enough time in the day is the most common challenge facing corporatepartnerships professionals. By mapping your current partnerships against the Boston Matrix (image below), you can see…. The post How to overcome the biggest barriers in partnershipmanagement appeared first on Remarkable Partnerships.
When partnershipmanagers are under pressure to meet tough targets, they can fall into the trap of riding a number of dead horse partners and prospects in the hope they revive. It’s easy to blame the partnershipmanager, but it’s rarely the case that a change in jockey will reboot a failing relationship.
Cons The main drawback for matched corporate donations is that they are often transactional, not relationship driven. The longer-term value of a corporatepartnership is in growing the relationship, not settling for a series of one-off donations. Timing is another major issue.
However, when it comes to corporatepartnerships there are so many possibilities and uses for AI. Corporates and charities are two very different tribes, with their own languages- just like program people and fundraisers. (I’ll give you some of the lyrics at the end) I’m loving AI- for fun and to explore ideas.
If your non-profit organisation wants to grow, then you’ll need to put a spark back into the partnership. Partnershipmanagers often feel pressure to come up with the ideas by themselves, as part of good account management. Importantly, we included staff from a range of different departments in each organisation.
Resilience is important for corporatepartnership executives. It takes a lot of effort and lead time to win and develop a corporate partner. Asking partnershipmanagers to make more cold calls in the hope of random donations to beef up your Christmas appeal isn’t strategic or realistic.
At Stellar Partnerships we often talk about 5P’s of pitching for corporatepartnerships. Asking your corporate prospects to put themselves in the shoes of your beneficiaries is very powerful way to connect them to your cause. A partnershipmanager at a theatre company wondered how she could bring her pitch to life.
If you’re building corporatepartnerships, then try to understand what’s happening on their side of the fence. Dear PartnershipManager, I’m the CSR and Community Engagement Manager for ACME Retail. But they’re filled with living, breathing humans that are trying their best to get through the day.
I’m guessing that most of you have big goals for corporatepartnerships. More likely the CEO has asked for a million dollars in partnership income by the end of the year and maybe some free wine for the Christmas party. When you’re the only partnershipsmanager in your non-profit you’re often placed in the fundraising team.
Here are some warning signs that your corporatepartnership might be on shaky ground. Your main contact is downgraded The partnership may have started with a big fanfare, an outsized cheque and a handshake from the CEO. When you’ve known each other a while it’s easy to default to what’s easy and low effort, but there are risks.
A good corporatepartnershipmanager is a bit like a barrister, who becomes a temporary expert in each of her client’s businesses. If you can position your non-profit as part of the solution to those top 3 frustrations, you can focus on the value of a partnership, not the cost.
It can be all too easy to find ourselves in a negative news cycle – the Cost of Living Crisis, the war in Ukraine, the Great Resignation – and imagine that corporatepartnerships success is impossible. When an existing partner stopped engaging with the hospice, she knew the partnership was in danger. Be tenacious.
Being responsible for creating new corporatepartnerships can be quite a lonely experience even in an office environment. Often, you’re expected to conjure partnerships out of thin air, with limited support from the rest of your charity. We have a WhatsApp Group of over 100 corporatepartnerships professionals.
Here we share our five lessons for account management that we have learnt from the past year: Link your partnership to the pandemic. So it’s vital that your corporatepartnership is relevant to the pandemic so it’s part of their recovery plan. However, the pandemic is still the most important topic for business leaders.
Jake : I began my digital marketing career on the brand side in site operations, making an internal transition to partnership marketing just under a year later. I spent six years with that organization working on affiliate, influencer, and corporatepartnerships.
They’ve created a lovely menu of options, usually in partnership tiers, and they can’t understand why the corporate doesn’t just pick one. Or they apply the methodology of regular giving to corporatepartnerships and end up disappointed. Corporates will pick apart your tiered offerings to get exactly what they want.
But there are more fundamental questions that your non-profit needs to answer to make sure you’re best dressed for corporatepartnerships. In his book Net Positive, Paul Polman explores how corporates can embed social purpose at the heart of their organisation and not just tick a box for positive PR.
We thought we would put a spotlight on 5 amazing fundraisers and ask them ‘Why did they become a corporate fundraiser?’ ’ Daisy Wilson, CorporatePartnerships Lead, Dementia UK. Denise Cranston, PartnershipsManager, Remarkable Partnerships. My fundraising days started when I was five.
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