An open letter to my friends in the nonprofit world. Dear Nonprofit Cause Marketer: The September 27 Forbes listed the value of the world’s top sponsored sports events, by the amount of money they generate per day. They are: 1. Super Bowl… $336 million 2. Summer Olympics…$176 million 3. Fifa World Cup…$103 million 4. NCAA Men’s Final Four…$90 million 5. Winter Olympics…$82 million 6. Rose Bowl…$72 million 7. MLB World Series…$61 million 8. Kentucky Derby…$59 million 9. NBA Finals…$58 million I notice that your nonprofit isn’t on the list. Indeed, no nonprofit is. There’s two reasons for that. Forbes compiled a list of the top sports event sponsorships. I’ll get to the second reason in a second. But cause-related marketing is… in the main… just a form of sponsorship. Why isn’t your cause making a $103 million per day like the World Cup? Think of all the advantages you enjoy. You have tremendous heart. You have a list of supporters who literally open their wallets for you several times ...
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