Complete all the Thrasher challenges and the Snakestyle shootout challenge and the monster open challenge. The monster open challenge is at the monster clubhouse which you can purchase under property for 200,000
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You have to be good enough, in a competition and the sponsor people have to see if you are good enough. Because the company that are wanting to sponsor you want there customers seeing that a really good skater or bmxer like you uses there product.
You have to get to a certain spot in the game to get sponsored. Or at the beginning of the game make your skater have a certain deck.