Well it is obvious that we all need sponsors one way or another to get our rides to a higher standard. But besides there name and/or product on the ride, what else does the sponsor get out of it?
The idea behind the question father has own business what will it benefit him, besides helpin his son, what can he get out of it that is beneficial?
Because havin trouble doing this tuning on my own, kind of needin some help.
Sponsors
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bluesheepbrian
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Sponsors
2002 Daewoo Lanos HB
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"Beating a Honda is like banging a fat chick. Everyone can do it but who wants to brag about it?"
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"Beating a Honda is like banging a fat chick. Everyone can do it but who wants to brag about it?"
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PrecisionBoost
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Sponsorship typically goes to guys who compete at shows and events..... unless you allready have a decent setup you might find it hard to get anyone to sponsor you.
Car audio sponsorship is the easiest to get...... the problem with the other parts is that there are no companies that specialize in products for the Daewoo cars.
Someone like HKS won't sponsor someone unless they can benifit from the advertizing of that particular type of car.
The only benifit to your father would be for the advertizing of his company name and a small tax write off.
For example.... lets say he gave you $1000 to put a decal on your car with his company name on it..... and lets say his business tax rate is 15%.
That means that come year end he would get $150 back in taxes.
So he would still loose $850.
Plus you are related so the IRS would look at this as a "hands on" situation.... which means they might take back the $150 because it was a "benifit" to a member of your fathers immediate family.
If on the other hand he sponsored someone else it wouldn't matter.... the IRS wouldn't care.
You also have to consider the type of business...... if a company sponsored you by tinting your windows and gave you a discount for having a decal on the car then that would look very normal to the IRS.
Car audio sponsorship is the easiest to get...... the problem with the other parts is that there are no companies that specialize in products for the Daewoo cars.
Someone like HKS won't sponsor someone unless they can benifit from the advertizing of that particular type of car.
The only benifit to your father would be for the advertizing of his company name and a small tax write off.
For example.... lets say he gave you $1000 to put a decal on your car with his company name on it..... and lets say his business tax rate is 15%.
That means that come year end he would get $150 back in taxes.
So he would still loose $850.
Plus you are related so the IRS would look at this as a "hands on" situation.... which means they might take back the $150 because it was a "benifit" to a member of your fathers immediate family.
If on the other hand he sponsored someone else it wouldn't matter.... the IRS wouldn't care.
You also have to consider the type of business...... if a company sponsored you by tinting your windows and gave you a discount for having a decal on the car then that would look very normal to the IRS.
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BosnianLanos
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They give you money, so that they in turn make money. It is all a gamble.
A car at an auto show has a nice body kit with "CLUB GTR" plastered on the side. The next day, you order the same kit from "CLUB GTR" from a phone number the guy at the car show gave you. Five other people do the same thing and the company has already made a profit over the one thing they gave out for free.
Sport Compact Pro and other sponsor websites also do that, but they give you a quota as to how many car shows you must attend and probabally how many subscriptions you must sell. In the end you end up with a nice looking car for cheap, but you spend most of your weekends at car shows promoting their product, which isn't bad, but the egotistical car show crowd can annoying.
You will most likely only see car companies sponsor cars because they want their name and product to be seen by as many people as possible and purchased by as many people as possible. Thats why it wouldn't be common to see random companies sponsor cars, unless they are stock cars. I don't know what your dad's company does, but I doubt he would profit from sponsoring you. It would be a nice gesture to you, but he would probabally get better promotion from a TV commercial or magazine ad. Maybe the best thing he can do is give you $1000 for a kit and a paint job and you can work on getting sponsors from there. After you are sponsored and make a bit of money, you can pay him back.
A car at an auto show has a nice body kit with "CLUB GTR" plastered on the side. The next day, you order the same kit from "CLUB GTR" from a phone number the guy at the car show gave you. Five other people do the same thing and the company has already made a profit over the one thing they gave out for free.
Sport Compact Pro and other sponsor websites also do that, but they give you a quota as to how many car shows you must attend and probabally how many subscriptions you must sell. In the end you end up with a nice looking car for cheap, but you spend most of your weekends at car shows promoting their product, which isn't bad, but the egotistical car show crowd can annoying.
You will most likely only see car companies sponsor cars because they want their name and product to be seen by as many people as possible and purchased by as many people as possible. Thats why it wouldn't be common to see random companies sponsor cars, unless they are stock cars. I don't know what your dad's company does, but I doubt he would profit from sponsoring you. It would be a nice gesture to you, but he would probabally get better promotion from a TV commercial or magazine ad. Maybe the best thing he can do is give you $1000 for a kit and a paint job and you can work on getting sponsors from there. After you are sponsored and make a bit of money, you can pay him back.