Category: Email Marketing
Collaborating with companies in other sectors is a very common way to extend the reach of a brand. Of course, it is important to choose well with whom the alliance is established and its terms so that the results are satisfactory. In addition, you need to know how to communicate the relationship to your customers so that they can react in the way you want them to.
When two or more companies team up to create something together, a strategic collaboration called cobranding is established. It can be the development of a new product, for example by bringing together different ingredients and bringing a more innovative one to the market, a service that increases in value when combined with another or a joint communication to promote allied brands.
It is a strategy that involves a shared effort between the two companies, i.e. both cooperate by splitting costs and both reap benefits, whether tangible or reputational. It is therefore important to ensure that they share the same values in order to avoid possible negative effects in the exchange. It is also advisable that the companies are similar in size and market share so that the growth is mutual and does not look like an acquisition.
In cobranding, both brands are equally important and each one maintains its own identity. It is not a matter of imposing one over the other or of taking away visibility, quite the contrary: they share the limelight and remain perfectly identifiable and recognisable for the recipients of the message.
When sending such an e-mail, the opposite happens to purely advertising agreements in which the template of the other company would be used without further thought. In cobranding, it is about presenting the brand in a more relatable way, so you have to follow your usual style as if it were just another campaign:
Cobranding is a marketing strategy that is usually reciprocal, i.e. the other brand will also talk about yours in its channels, while respecting its own identity.
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