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  • Co-branding for New Business

    Large organizations have done it for years, but many small business marketers haven’t yet discovered the awesome power of co-branding.

    It’s really just a fancy name for referrals or partnerships, but in this context, what I mean by co-branding is simply reaching out to other businesses that play in your ideal target market space and offering them your education based marketing materials to use as their own.

    The great thing about this tactic is that it’s effective with big companies and small companies alike.

    The mechanics are really simple. Create a value packed report or ebook, sprinkle a little info about your company at the end, and then take that baby to a company you would like to partner with and offer to allow them to slap their logo on it and send it out or offer it as a value added service to all of their customers and prospects.

    Marketing Plan Pro
    I’m guessing you can see the value of this approach from a lead generation standpoint, but I also find that your potential strategic partners will embrace this too. They no they should be doing this and now your show up with a ready-made answer. Many times two natural partners know they want to endorse each other, but can’t figure out how to do it in a non-sales way – now they can?

    This approach equally well with teleseminars and workshops as well. My Marketing Plan Pro powered by Duct Tape Marketing product is a great outcome of taking this approach to heart.

    Go out and start proposing some co-brand promotions and watch those new leads come in the door.

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    Posted by: John Jantsch on Oct 17, 08 | 9:09 am
    Category: Referral Marketing | Tags: ,

    Comments
    • Good post and a great strategy. I think this should be the way you get most of your quality referrals. But you have to be remember to be the one that steps out to offer first.

      As a result of this, I will make more of an effort to extend myself out to a strategic partner on a regular basis.
    • Great strategy. I've found businesses very receptive to this approach in this tough economy. Leveraging their existing customer base with new, relevant offerings is a great way to increase profits and can be far less costly than trying to acquire new customers.
    • What are examples of your cobranded products? Can you list a few please??? Also, can you provide some more detail about how you entered into the relationships before you became so famous? Perhaps a followup post with some tips for those of us just starting out (compared to your, Mr. Famous, that is??) bowing respectfully as I finish my comment =-)
    • From a website perspective, co-branding or partnering could be a great way to work on a relationship with one or more other sites on specific topics (3-way interviews; progressive articles; and more). Or as John indicates use an ebook, or report, or white paper to promote your business in partnership with another. Work with a 'friendly' business partner that you can build with.
    • I like the way you think, Jon. Co-branding can range from corporate clothing with suppliers logos embroidered or silkscreened onto the apparel, giving one's business credibility by being associated with the established brand endorsed along with one's own logo, through to your sterling example.
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