Marketing
Alliances for Effective
Community Based Cross-Promotions
By
Ed Rigsbee, CSP
(896 Words)
Patricia Fripp and Susan RoAne
are buddies, and professional speakers. They both live in Northern California.
When they attend an event together, they network, and cross-promote at the same
time by giving each other a glowing endorsement.
First, Fripp will introduce
RoAne to someone neither has met saying, “She’s (RoAne) too modest to tell
you, but…” Then Fripp raves about RoAne’s accomplishments. Then RoAne
says, “She (Fripp) is also too modest to tell you…” And, then RoAne brags
about Fripp.
The beauty of this idea is that
in a networking situation, someone else tells people how wonderful you are and
what you’ve done. Bragging is not necessary. This cross-promotion networking
is quite simple—as are most other cross-promotion strategies.
Cross-promotion strategies can
range from highly sophisticated with formalized contracts like with the major
airlines and certain telephone long distance carriers, to promotions as casual
as stuffing your bags with flyers or coupons from another merchant in your
community and having them do the same for you. Or, perhaps putting promotional
messages on one another’s register receipts?
An insurance agent in my community
cross-promoted with a local restaurateur. The owner of the restaurant paid for
the printing of the insurance agent’s business cards. The cards doubled as a
20% discount coupon for the restaurant and also had a map to the restaurant on
the reverse. The insurance agent gave out several of his cards at every business
upon which he cold called. The cards ended up sitting around in many of the
businesses for a long time. This was because the cards were seen as a valuable
discount coupon rather than another salesman’s business card.
They call themselves the Sonoma County Fine
Furniture Association (SCFFA). Eight Northern California fine furniture
retailers, all competitors, banded together to survive the recession of the
early 1990s through cross-promotion and buying strength. They developed combined
events where customers would visit several of the stores to be eligible to win
prizes. They promoted each other to their customers within the store, especially
if the specific retailer did not have exactly what the customer was seeking.
They even printed a combined brochure, including the address and map locations
of each member. The front of the brochure said, “People you can trust.” They
bought advertising together on the local radio and in the local newspaper. They
even dictated to the local newspaper on which pages their advertising would be
located. They received impact and results.
Taking the cross promotion idea one-step at a
time, consider using the below listed basic publicity tactics by collaborating
with another merchant in your community to cross-promote through publicity. Do
the events together, and when ever possible use the Fripp/RoAne glowing
endorsement idea.
- Distribute
free booklets or reports.
- Author
a book.
- Publish
a newsletter.
- Submit
news releases.
- Write
a regular newspaper or magazine column.
- Do
your own radio show.
- Get
on popular radio & TV talk shows.
- Become
an expert resource for reporters.
- Welcome
new people to your town.
- Congratulate
people in writing when you read about their accomplishments.
- Give
public speeches.
- Sponsor
public seminars.
- Host
power breakfasts.
- Sponsor
local charity or service club events.
To achieve successful cross promotions,
you’ll need to develop your process or road map. I suggest these steps:
- Be
clear on what you want to create for yourself.
- Discover
the “What’s In It For Me” for your promotion partner(s).
- Develop
a plan for who does what, especially in the areas of costs and
contributions.
- Explain
to your promotion partner(s) the value they will receive. Help them to also
have emotional ownership (commitment) in the promotion.
- Develop
a method to measure results.
- Execute
the cross-promotion.
- Debrief
on the value all the participants received.
- Plan
your next promotion.
I suggest you also use this simple
cross-promotion checklist
:
- Who
does what?
- Develop
a theme.
- Explore
print advertising.
- Explore
radio advertising.
- Explore
cable TV advertising.
- Explore
direct mail advertising.
- Explore
E-mail advertising
- Divide
the work equitably.
- Is
everybody going to receive similar value?
The owner of several local Dominos pizzerias
suggested this to me. “When you cross-promote with non-profit groups, keep the
following in mind:
- They
always tell you what they want.
- They
generally have their hand out without offering much in return.
- Be
sure you tell them what you need.
- Ask
them to do more for you than simply take your money.
- Always
use coupons to assist in measuring results.”
Customer list based cross-promotions are
usually quite successful and inexpensive. Generally each merchant expands the
reach of their targeted customers two-fold, at a cost of approximately 40% to
60% less than is usually spent on a similar promotion conducted solo.
Additionally, each enjoys the credibility of the other. Common direct mail
strategies include flyers, postcards, coupons and calendars. Flyers can be
printed on both sides for a two-party promotion or several flyers can be mailed
in the same envelope.
Cross-promotion
is simply common denominator marketing. You find another merchant or business
that has similar or overlapping markets and customers. Then you discover a way
to work together to do what you already do more efficiently and effectively or
cooperatively do something promotionally that neither of you could not pull off
solo.
Copyright
© 2008, Ed Rigsbee
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Ed Rigsbee, CSP is the author
of PartnerShift, Developing
Strategic Alliances and The Art of Partnering. Rigsbee has over 1,500 published articles to
his credit and is a regular keynote presenter at corporate and trade association
conferences across North America.
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