Customer-Attracting Cross-Promotions
by Kare Anderson
What happens when pediatricians join forces with pizza store
managers, school principals, city health clinic directors, and others
to better reach and serve their common base of customers: families with
young children?
Together, they did what they could not have accomplished on their own.
They offered a highly valued, emotionally-loaded, and media-attracting
service AND increased foot traffic into their stores and offices: "I
Am Loved" free immunizations for kids on Saturdays just before school
started.
Pediatricians gave immunization shots at convenient times in a roomy,
cheerful children's store with a party atmosphere, where the kids were
the center of attention. Parents heard about the offer through all the
participating outlets and received free snack coupons after the kids received
their shots so they could reward their children with a snack from a nearby
store. Partners could provide better, more news-catching service at less
cost and inspire greater community and customer loyalty -- while spending
less.
This is not an isolated incident.
Here's another success story. On a recent Valentine's Day, several neighborhood
businesses -- including a women's medical clinic, florist, health food
store, clothing boutique, shopper newspaper, museum store, gym, bookstore,
and beauty salon -- joined forces for a month-long promotion to attract
and serve women. The bookstore hosted a series of "Beauty Inside
Out" in-store demonstrations and mini-seminars, each led by a manager
of one of the participating businesses and highlighting a book collection
and the local partners' related products and services.
Each presenter offered a handout that also included reference to at least
one of the other cross-promoting organizations, plus a joint offer of
services with one of them. Each presenter wrote a guest column based on
their presentation, which was featured in the shopper newspaper, with
the author's follow-up offer and email noted at the bottom of the article.
Of course each column author quoted others in this mutually beneficial
alliance.
What's the lesson here?
You don't have to work alone when you attempt to market your products,
services, or cause. It is not as much fun nor as credible or efficient.
Regardless of the size or kind of business (or nonprofit or government
agency) you operate, you can grow it faster, not through "solo"
networking, advertising, or other promotional efforts, but through cross-promotion
with others.
Look for other successful, non-competing businesses, clubs, and government
agencies that also serve your kind of client. Propose ways you can improve
how you contact or service your "mutual market" together.
Instead of solo advertising, the Valentine's Day group joined forces
to offer a combined service that naturally pulled their customers in.
The partners' keys to success were a common market, non-competing products
or services, shared values, and comparably valuable resources to contribute
to the cross-promotion. Partners created a "passion bond" relationship
with each other, their customers, and many others who didn't even need
shots but were motivated to try the partners' services anyway.
All kinds and sizes of organizations are enthusiastically adopting this
outreach approach. Cross-promotional marketing is a growing trend because
it is perhaps the least expensive, most efficient, least time-consuming,
and most-credible method for growing an organization. Simply put, cross-promotional
marketing is the act of strategically aligning businesses that target
the same market but do not directly compete with each other.
Cross-promoting provides a growth opportunity for any organization, from
the home-based, to the public sector, corporate, or franchise operation.
Another Easy Example
A dry cleaner attached a lucite box to the front of the cash register
to hold coupons worth $3 off the customers' next tank of gas at a nearby
gas station / convenience store. The convenience store operator placed
a similar box, displaying coupons worth $3 off the customer's next dry
cleaning. That proved so successful that they recruited more partners
and offered customers additional value: coupons from their cross-promoting
at a nearby hardware store, beauty salon, fitness gym, and shoe repair
shop.
The Profitable Results?
Their partnering businesses' coupons build loyalty from their existing
customers. They can appear where their competition isn't even in sight.
And they don't have to pay for the position -- they trade for it. Nothing
beats the credibility of another business touting your product's differentiating
benefit. Partners reach more prospective customers at a lower cost. Prospects
are introduced to each business in a powerful way -- through vendors they
already use. Using your imagination, familiarity with your customers,
and the right cross-promotion, your can outwit companies with massive
promotional budgets.
Here are some low-risk and high-opportunity ways to jump-start your first
cross-promotion.
1. Print joint promotional messages on your bills.
2. Offer a reduced price, special service, or convenience if customers
buy services or products from you and your partner.
3. Hang signs or posters promoting one another on your walls, windows,
or products.
4. Mention one another's benefits when you speak at local events or are
interviewed by the media.
5. Show the joint use of your services and their benefit on the health
of patients
6. Pool mailing lists and send out a joint promotional postcard.
7. Promote your partners' products during their slow times, and ask them
to do the same for you.
8. Share inexpensive ads in local shopping papers or a nonprofit event
program.
9. Give a joint interview to local media.
10. Put one another's promotional messages on Lucite stands on counters
or floor stands in waiting areas.
11. Encourage your staff to mention how your partner's products can be
used with yours.
12. Give your partner's product to your customers when they buy a large
quantity of your product, and ask your partner to do the same.
13. Use door hangers, posters, flyers, or postcards to promote special
offers for one another's products.
14. Co-produce an in-store or other event, demonstration, celebrity appearance,
free service, or lecture.
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Want to Learn More?
Jump-start your first customer-attracting cross-promotion right now.
Discover more success stories, pitfalls to avoid, ten most popular methods,
exact steps to recruit the most valuable partners for valuable cross-promotions,
and much, much more by reading my book, which you can order right now,
Walk Your Talk: Grow Your Business Faster Through Successful Cross-Promotional
Partnerships.
As well, Kare recommends these books on how to cooperate or collaborate,
connect or persuade, network, negotiate, hone your skills for handling
conflict or difficult people, and making a presentation.
"Sayitbetter E-Zine, Copyright © by Kare Anderson, author,
speaker, and founder of the Say it Better Center, http://www.sayitbetter.com.
All rights reserved."
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