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Six steps to kickstart corporate partnerships

Corporate partnerships are a major opportunity for charities because they can help you deliver your mission. They do this by delivering several benefits including raising money, increasing profile, providing volunteers and sharing skills. The problem is that many charities don’t know where to start. So here are the six steps that we recommend you take to kickstart your corporate partnerships.

1. Get colleagues on board

Probably the greatest factor that will affect your corporate partnerships success is getting your colleagues on board. This is because they can help you throughout the whole process, including sharing contacts, brainstorming partnership opportunities and attending prospect meetings. When I worked at Alzheimer’s Society we dramatically increased our corporate partnerships success when we started involving our colleagues more. Involving colleagues can make things a bit more complicated, but as the African proverb says, “If you want to go fast, go alone. If you want to go far, go together.”

2. Build your proposition

The next step is to build your corporate partnership proposition. This is how you package up your charity to make you more attractive to senior business decision makers. In our experience companies choose charities for emotional reasons, then they justify their decision with commercial benefits afterwards. As Simon Sinek says, “People don’t buy what you do, they buy why you do it.” So your proposition should communicate your big emotional why. The way to do that is share a story and tell them the big problem you are trying to solve. If you get this right companies will be climbing over the table to partner with you.

3. Identify five-star prospects

Once you have your partnership offer, then the next step is find your target prospects. We recommend you identify your five-star prospects, who tick the following boxes:

  • You have a shared purpose
  • You have a warm contact at the company
  • They have a problem you can help solve
  • They have resources to help solve your problems
  • You have a realistic chance of success

We helped Learning with Parents identify their target prospects which included IG Group. Within two years they secured a three-year partnership worth £750k. Read the full story of how we helped Learning with Parents.

4. Create tailored partnership opportunities

Many charities think that the best way to engage companies is to ask them for money. But as one company told me, “This makes me want to run for the hills.” This is because it makes them feel like you only want their money, which isn’t a partnership at all. So rather than asking companies for money we recommend you approach them with a tailored partnership opportunity. This approach is much more likely to succeed because you can clearly show the company what is in if for them. So we recommend you create a unique partnership opportunity for each of your target colleagues by organising a brainstorm involving key colleagues. If you would like to book a free partnership opportunity brainstorm with a member of our team then please email team@remarkablepartnerships.com

5.  Secure meetings

If you want to build corporate partnerships then it is essential that you meet with your prospects face-to-face or online. This means that securing meetings is one of the most important steps. According to Rain Group it takes an average of eight approaches to secure a meeting with a prospect. The problem is that most people give up after two! So we recommend you don’t give up. Due to the increase in hybrid working, we find that email is a very effective way of securing meetings right now. If you do use email, we recommend you keep it short and say that you have a partnership opportunity which you believe is perfect for the company.

6.  Deliver brilliant meetings

You only get one chance to make a first impression, so when you meet with your target prospect you want to give them the best meeting they have ever had. We recommend you start the meeting by listening to the company so you really understand their objectives and challenges. Then you pitch your partnership opportunity, showing them how you can help them deliver some of those objectives. Then you should have a discussion about the possibility of working together. The last step is to agree a date for your next meeting. It’s really important to understand you don’t want to secure the partnership in your first meeting. The purpose of your first meeting is to secure a second meeting.

We hope this blog is useful guide to help you get started with corporate partnerships. If you would like to book a 30-minute discovery call to find out how we can help your charity kickstart your corporate partnerships, then please use this link to book a session: https://meetings.hubspot.com/jonathan612/30-minute-virtual-coffee-on-zoom

Conclusion

Let’s build partnerships that your cause — and the world — actually needs.

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More than money – what to value in a corporate partnership

This piece is brought to you by a guest writer – Katherine Woods.  Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

I find the corporate-partnership world really exciting. It’s evolved massively over the past few years and continues to do so. Today, the most successful partnerships are multi-faceted. They have touchpoints across all aspects of the business. And they don’t simply rely on fundraising as the sole piece of activity.

Andy at Remarkable Partnerships asked me to outline what I see as the main non-financial benefits that a partner can provide. So here’s what I look at in partnerships:

  1. Reach

There is a reason that big consumer brands spend millions of pounds on advertising annually. Visibility is key.

But there are very few charities that have those kind of budgets.

Which is why a partnership can hold such great potential for a charity brand—from expanding your general reach to spotlighting your cause for targeted groups. Our development team, drawing from a consultant with prior campaigns in the privacy-centric online gaming space like the best no KYC casinos, has piloted anonymous donation channels that draw in tech-savvy supporters wary of traditional tracking. Whatever your organisation’s mission, these expanded visibility opportunities will advance it further. The more people recognize your brand and mission, the greater their inclination to contribute.

For example, we are incredibly lucky at Action for Children because our friends at FirstGroup are very generous with their advertising space. We are given huge amounts of visibility across their network. They enable us to publicise our key campaigns in a way that we simply wouldn’t be able to do without them.

2. In Kind

Back to the lack of budget. There are a range of ways that a company can help a charity plug the lack-of-budget gap by donating resource, such as event space or legal expertise. These are opportunities for the company to support you with the cause itself.

Not only does it help the charity, but it can give your partner’s employees another way of being part of the partnership that doesn’t involve them asking friends and family for money.

But! It has to really make sense. It has to be authentic. There’s nothing worse than trying to create an ‘in kind’ opportunity that doesn’t really work for both sides.

3. Network

Over the course of a partnership you have the potential to ignite a passion for your cause in people.

As fundraisers, we do a good job of telling people how amazing our charities are. Imagine if you had someone else doing that for you. A peer-to-peer introduction carries a lot of weight and can open doors, helping you achieve bigger and better things.

I’ve been incredibly fortunate to work with some very dedicated, passionate and influential senior volunteers over the years. They are often totally wonderful individuals and can be a huge asset to your organisation. Maximise this potential!

Overall, there is a huge amount corporate partners can do for you – so stop just asking for cash.

We love this piece from Katherine. Our view is that when you choose to focus partnerships on overall value rather than purely cash donations, you get more fulfilling partnerships for both parties. Equally, partnerships that begin with a non-financial contribution are more likely to succeed because they begin by focussing on solving problems, which is what they should be about.

If you have any comments or suggested comments for future blogs, we’d love to hear from you below.

This piece is brought to you by a guest writer – Katherine Woods. Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

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5
min read
Highlights from Anchors Aweigh: launch event

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Barriers from the company side:

Jenni Berkley, Communications and CSR Manager of Belfast Harbour, started the event by talking about the barriers to ambition she’s experienced in the corporate secotr

“The problem is short-termism. Many people want to see something good happen in their timeframe or tenure. Something good even if it’s not the right thing.”

“I must get around 20 letters a week from charities I’ve never spoken to or maybe even heard of asking for money. It’s incredibly frustrating – they may get £100 if they’re incredibly lucky, but there needs to be an understanding of how our partnerships operate.”

“Charity-company partnerships are like finding your life partner… right down to wondering if you like the same films. You need to be compatible with each other from the superficial details all the way through to sharing the same ethos. It’s up to the charity to demonstrate that.”

Barriers from the charity side:

Then Ghalib Ullah, Head of Commercial Partnerships, spoke about the barriers he’s encountered and overcome through his career.

“The biggest barrier is structural. Our budget works on a yearly basis, so we are pulled back to achieving short term income, rather than achieving our more ambitious goals. We need to work as a whole organisation to overcome this.”

“Another barrier is organisational buy-in. We went through a process of identifying who internally was key to our success as a team. We understand that we’re pitching internally as much as we are externally.”

“Corporate partnerships is still in its infancy. How to achieve strategic partnerships is not as well understood as how to secure major grant funding. It is essential we invest in training as a team and as individuals.”

Background to the research:

We then moved to discussing how the research came about, before discussing some of the key recommendations.

“We defined ambition as the desire to create the most social value possible, then looked at what held people back from pursuing ambitious partnerships in favour of things like Charity of the Year or sponsorship models instead.” – Ian McQuillin, Rogare

One of the main things we found was the collaboration continuum, which we have adapted from Austin and Seitinedi. You can see the model that explains levels of ambitions below:

“Charity-company partnerships can make great changes in the world, so it’s a missed opportunity to be anything short of as ambitious as possible.” – Jonathan Andrews, Remarkable Partnerships

The importance of seeking value beyond money:

“The fundraisers label can hold us back. We need to be corporate value raisers, not corporate fundraisers.” – Jonathan Andrews, Remarkable Partnerships

“There are so many different ways partnerships deliver value – which are easy to overlook if money is the only or main measure of success.” – Crispin Manners, Onva Consulting

“I would recommend starting to report on added value, where it exists, as well as income. Don’t wait to be asked to report on it, just send out the results and examples you have as part of your normal reporting so that it starts to become embedded and better understood.” – Sophie Powell-White, Great Ormond Street Hospital

The importance of having a partnership north star:

“It is important that your projects excite not only your corporate team but your partners – they need to visualise the potential impact they could have on the world.” – Ghalib Ullah, Parkinson’s UK

“All the team have in their heads. That when we go into a conversation with a company what we are looking for is that ambition at the top of our partnership model. Which is an ambition that only us and that company can achieve… If you’ve got that ambition then all the levers for change will naturally fall out of it because it is so strategic to both sides…. In three years’ time what would the Sun newspaper headline say [the partnership] has achieved?” – charity interviewee in the research.

To get your copy of the full report, download it here

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Stay Informed. Stay Remarkable.