Effective Marketing: Reaching Clients With Cross Promotion
Description:
Explore the bonuses of cross promotion. Cross promotion is a specific marketing tactic wherein two or more businesses team up together to reach a broader shared population. Possibly a radio station pairs with an organization for a certain benefit. Maybe a beverage company joins with a water park for a summer discount special. It could involve a school system working with several local restaurants for an event. Cross promotion involves taking time to analyze customers, their needs, and values. When incorporated effectively, cross promotion is a win-win deal for the organizations and the customers.
Content:
Explore the bonuses of cross promotion. Cross promotion is a specific marketing tactic wherein two or more businesses team up together to reach a broader shared population. Possibly a radio station pairs with an organization for a certain benefit. Maybe a beverage company joins with a water park for a summer discount special. It could involve a school system working with several local restaurants for an event. Cross promotion involves taking time to analyze customers, their needs, and values. When incorporated effectively, cross promotion is a win-win deal for the organizations and the customers.
There are several benefits associated with cross promotion. Consider the following:
Cross promotion broadens your clientele base. By teaming up with another business, you are able to reach a wider variety of customers in places you might not have otherwise. You can connect with more people. You reach more potential clients by working with others who are contacting the same groups of people. If they were not previously your customers, they could be with this venture in the very near future.
Cross promotion saves you time. When both members of the cross promotion effort are doing their part, more people are reached more quickly.
It saves money. Both businesses get more with cross promotion. When marketing in conjunction with another partner, your company splits the expenses and responsibilities. Sharing the costs is a major component.
The advertising exposure is increased. If the owner of a dry-cleaning business collaborates with a local formal wear business, each individual company is advertising for both parties at once.
Cross promotions stand out. These types of advertisements are more eye catching and unusual than the typical promotions. Indeed, customers are interested in discovering the benefits of both businesses and determining who is involved.
It builds credibility. Having another business represent you and advertise next to your company enhances your reputation. It is equal to another company vouching for you.
Cross promotion fuels creativity. Working with a partner aids the invention process for new ideas on ads, promotional products, and special offers. Adding another party to the equation makes it more interesting anyway, and if themes or other specialties are present, the planning can be taken to new levels.
While the outcome of such an endeavor can be exciting for a business, be sure that you are effectively employing cross promotion techniques. Familiarize yourself and your company with the following important principles regarding cross promotion.
Research your target audience. What demographics are you working with? Do you want to reach families? Working women? College students? New mothers? Retired persons? Concentrate on the values, needs, and desires of the population and brainstorm the best ways to reach such groups.
What types of businesses or organizations would likely complement your efforts? Are there organizations that are better suited to reach a certain population than others?
Begin with a smaller effort that requires little risk. For your first cross promotion, foster those friendly ties with the other business by choosing an inexpensive and easy initial project. Learn from the beginning experiences and grow from there.
Consider multiple members for a cross promotion strategy. While only two groups are required, having a number of businesses included can increase the benefits, word of mouth response from the public, savings for clients, revenue for companies, and overall excitement.
The planning process should be detailed and thorough. Ensure that all participants have clear goals that they have communicated. Discuss costs in detail as well as what is required of all involved. Maintain that all responsibilities are adequately communicated.
Follow through. Be sure that both businesses honor the agreed upon circumstances set by the groups involved.
Show gratitude to all that participate. This includes clients, the organizations sponsoring the advertising campaign, staff, and other business who contributed services.
End the cross promotion experience by assessing and evaluating the effort. What worked? What could be improved? How could the next event be even better? What did clients enjoy? What feedback did business receive? Make notes and incorporate the findings for an even more successful cross promotion affair in the future.
Cross promotion marketing can be exciting for all of those involved. It can spice up a weary advertising routine. It can really show support for important causes and worthy benefits, especially in small communities. Cross promotion involves considering customers, their needs, and values. When incorporated effectively, cross promotion can truly be a benefit for the organizations and the customer.
Author: Rick Sheldon
About Author:
Author: Rick Sheldon has 18 years experience in the Promotional Products Industry and is currently CEO of Save on Promotional Products Inc. a Discount Online Promotional Products Company He can be contacted at 1-800-204-0525; email: rick@justpay10.com or go to our site: Promotional Items
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