An important aspect of most business to business partnerships is developing co-marketing campaigns in order to promote the relationship’s products and services. Businesses are able to gain brand recognition in new markets and customer bases by establishing new relationships that validate the business through the brand awareness of the new partner.
An important aspect of most business to business partnerships is developing co-marketing campaigns in order to promote the relationship’s products and services. Businesses are able to gain brand recognition in new markets and customer bases by establishing new relationships that validate the business through the brand awareness of the new partner.
Co-marketing campaigns allow small businesses the ability to participate in marketing activities that they would otherwise not be able to afford on their own. Leveraging a partner's social graph through a co-branded campaign such as special promotions on a Facebook page or a video on Youtube can be very effective in quickly reaching new customers without spending significant resources on traditional marketing channels such as direct mail, radio, television ads, and sending out sales teams to locate and meet with potential customers.
The following are a few of the best co-marketing ideas for business to business partnerships.
Take time to evaluate the opportunities for co-marketing that best fit your business to business partnerships and then execute on the opportunities that are most likely to succeed based on the goals of the relationship. Each type of company and partnership may need its own comprehensive marketing package and so be open to partner suggestions and ways that they see co-branded activities benefiting the partnership.
What Type of Marketing Referral Program is Best for Your Business
To understand what type of marketing referral program is best for your business, it may be vital to first understand where referrals can come from in the first place.When Your Referral Rewards Program Goes Wrong
The horror stories are enough to scare any small business owner into inactivity. That one business that was doing great with an excess of capital decided to enact a new referral program and the next news you heard was how they overextended their offer and were swept up and down the creek into bankruptcy. It can and does happen. When your referral rewards program goes wrong there can be a few good reasons why.4 Tips for Preparing Your Business for Referrals Programs
If you have established your business, set up some marketing efforts and branded your company's name, it may be time to prepare your business for referrals programs.