Cross-promotion is a powerful marketing strategy that can help you boost your sales and grow your customer base. It involves partnering with another business to promote each other’s products or services.
This can be done in a variety of ways, and there are many different strategies you can use to get the most out of cross-promotion. In this blog post, we will discuss what cross-promotion is and give you 13 ideas for using it in your own marketing campaign!
What is cross-promotion and how does it work?
Cross-promotion is a marketing technique that businesses use to promote their products or services to customers of another business.
For example, a restaurant may cross-promote with a local grocery store by placing its flyers in the store’s entranceway. The hope is that customers who are already in the process of shopping will be tempted to try out the new restaurant.
Similarly, a clothing store may cross-promote with a salon, in hopes that customers who are getting their hair done will also do some extra shopping.
Cross-promoting can be an effective way to reach new potential customers, but it’s important to make sure that the businesses involved are a good fit. After all, there’s no point in promoting a high-end restaurant to bargain shoppers at a discount grocery store!
Why use cross-promoting in your marketing campaign?
Any good marketing campaign will focus on reaching the right audience with the right message. But what if you could reach a wider audience without having to invest in additional advertising? That’s where cross-promoting comes in.
Cross-promoting is a marketing technique that involves promoting your product or service through another business. For example, if you own a pet store, you might partner with a local groomer to offer discounts on grooming services to your customers. In exchange, the groomer would promote your store to their clients. This type of partnership can be beneficial for both businesses, as it helps to reach a wider audience with minimal investment.
In addition, cross-promoting can help to build goodwill between businesses, creating long-term relationships that can lead to continued success.
13 creative cross promotion ideas for your business
If you’re looking for ways to cross-promote your business, you’re in luck. There are a variety of creative ways to get the word out about your company and its products or services. Here are ideas to get you started:
1. Collaborate with a complementary business
For example, if you sell skincare products, team up with a local spa that could use your products in its treatments. This way, you can reach each other’s customers and promote your businesses at the same time.
2. Host a joint event
You could partner with another business to host a workshop, seminar, or other event. This is a great way to attract new customers and build relationships with other businesses in your industry.
3. Offer discounts and promotions
Offer a discount to customers who use a coupon from another business, or promote a joint deal on your social media channels. This is an easy way to cross-promote without having to put too much effort into it.
4. Create content together
Collaborate on a blog post, podcast episode, or video series that will be of interest to both of your audiences. This is a great way to reach new people while also providing valuable content for your existing fans and followers.
5. Give away branded items
If you have any branded merchandise (e.g., t-shirts, mugs, etc.), consider giving it away to customers who make a purchase from the other business. This is an effective way to get your brand in front of new people and make them more likely to remember you in the future.
6. Participate in trade shows and events together with a partner company
Attend trade shows and events related to your industry, and set up a booth together with a partner or partners. This will give you the opportunity to meet face-to-face with more potential customers and forge new partnerships.
7. Advertise on each other’s platforms
If you have extra advertising budget, consider placing an ad on the other business’s website or social media channels. This will help you reach their audience and get your brand in front of new people.
8. Start referral programs
Referral programs are a great way to cross-promote your business. They allow customers to refer their friends and family members to your company, and in return, they receive a discount or other incentive. This is a great way to get more people interested in your products or services, and it can also help you grow your online following.
There are a variety of ways you can set up a referral program. Here are a few ideas:
1. Offer a discount for referrals.
This is the most common type of referral program. The customer receives a discount for every new person they refer to your company.
2. Give away free products or services.
Another popular option is to give away free products or services for referrals. This can be a great way to increase word-of-mouth marketing and get more people interested in your company.
3. Award points for referrals.
You could also award points for each referral, which can be redeemed for discounts or other rewards. This system is popular with loyalty programs.
4. Provide exclusive access to special deals or sales.
If you want to sweeten the deal, offer exclusive access to special deals or sales for customers who refer their friends. This will make them even more likely to promote your company to their contacts.
There are many other possibilities when it comes to referral programs, so be sure to tailor one that meets the needs of your business and its customers. By offering incentives, you can encourage customers to refer their friends and family members, which will help promote your brand and grow your business at the same time
9. Set up cross-promotional displays
If you want to take your cross-promotion efforts to the next level, consider setting up cross-promotional displays in your store or office. This will allow customers to see your products and services alongside those of your partner businesses. This is a great way to show off your products and attract new customers.
You can set up cross-promotional displays in a variety of ways. For example, you could put up a poster or banner that promotes all of the businesses involved, or you could create individual displays for each partner. You could also use product samples to showcase your products alongside those of your partners.
No matter how you choose to do it, cross-promotional displays are a great way to get more people interested in your products and services. They also make it easy for customers to compare and contrast what you have to offer with those of your competitors.
10. Release joint products
When it comes to cross-promotion, one of the best things you can do is release joint products. This allows you to team up with another business to create a product that’s exclusive to the two of you. Not only does this give you a competitive edge, but it also helps you reach more potential customers.
There are a variety of ways to release joint products. For example, you could create a limited-edition product line, or you could release a new version of an existing product. You could also team up with another business to create a completely new product.
11. Use social media
When it comes to cross-promotion, social media is one of the best tools you can use. It’s a great way to reach a large audience quickly and easily, and it’s also a great way to build relationships with other businesses.
There are a variety of ways you can use social media for cross promotion. For example, you could post about your partner businesses on your social media channels, or you could create joint social media campaigns. You could also promote your partner businesses’ social media channels on your own channels.
12. Present webinars
Webinars are a great way to cross-promote your business. They allow you to reach a large audience quickly and easily, and they’re also a great way to build relationships with other businesses.
There are a variety of ways to use webinars for cross-promotion. For example, you could post about your partner businesses on your webinar landing page, or you could create joint webinars. You could also promote your partner businesses’ webinars on your own webinars.
No matter how you choose to do it, using webinars for cross promotion is a great way to reach more people and build relationships with other businesses.
13. Send promotional emails
Email marketing is one of the most effective and low-cost ways to promote your business. It’s also a great way to reach a large audience quickly and easily.
When it comes to cross promotion, email is a great tool to use. You can use email to promote your partner businesses to your own email list, or you can create joint email campaigns. You could also promote your partner businesses’ email lists on your own email list.
No matter how you choose to do it, using email for cross promotion is a great way to reach more people and build relationships with other businesses.
How to track the success of your cross-promotional efforts
As any marketer knows, cross-promotion is a key strategy for driving growth.
By partnering with other businesses to promote each other’s products or services, you can reach a wider audience and generate more leads.
But how can you tell if your efforts are actually paying off? The first step is to set up some basic tracking. This can be as simple as creating a Google Analytics goal for each new sign-up or sale, or using UTM parameters (UTM parameters are codes that you can add to a URL to track the traffic that comes from that URL). This allows you to track the effectiveness of your cross-promotional efforts.
Once you’ve been tracking your cross-promotional efforts for a while, you can start to analyze the data to see what’s working and what isn’t. Are certain partners driving more traffic than others? Are there certain times of year that are more successful for cross-promotion?
If you are running a cross-promotion with another business, you can also ask them to provide you with data on the number of customers they received through the promotion.
You can ask customers how they found out about your business. This can be done through surveys or customer service forms.
By understanding the patterns in your data, you can refine your approach and make sure your cross-promotional efforts are as effective as possible.
Tips for getting started with cross-promoting
As any marketing professional knows, cross-promotion is an essential tool for driving traffic and sales. By working with other businesses to promote each other’s products or services, you can reach a wider audience and tap into new customer groups. But getting started with cross-promotion can be challenging, especially if you’re not sure where to begin. Here are a few tips to help you get started:
1. Define your goals
What do you hope to achieve through cross-promotion? Do you want to increase brand awareness, drive traffic to your website, or boost sales? Once you know what you want to accomplish, you can start to identify potential partners who can help you achieve your goals.
2. Research your options
There are many different ways to approach cross-promotion, so it’s important to find the option that makes the most sense for your business.
For example, you can participate in joint marketing campaigns, offer discounts or bundle deals, or exchange promotional materials such as flyers or business cards.
3. Create a plan
Once you’ve selected a few potential partners and decided on the types of cross-promotions you’d like to pursue, it’s time to put together a plan of action.
Make sure to include details such as the objectives of the campaign, the target audience, the timeframe, and the methods of promotion (e.g., social media, email marketing, etc.).
4. Execute and measure results
The final step is to carry out your plan and track the results. This will help you assess whether the campaign was successful and make necessary adjustments for future cross-promotions.
Questions to ask before embarking on a cross-promotional campaign
Before embarking on a cross-promotional campaign, businesses should answer a few key questions.
- First, what are the goals of the campaign? What does each business hope to achieve?
- Second, who is the target audience? What are their needs and wants?
- Third, what type of content will be most effective in reaching the target audience?
- Fourth, how will the campaign be structured? What will each business contribute, and what will they get in return?
By answering these questions upfront, businesses can develop a cross-promotional campaign that is more likely to be successful.
Examples of businesses using cross-promotion successfully
Successful cross-promotion can take many different forms, depending on the businesses involved. Here are a few examples of businesses using cross-promotion to reach new customers and boost sales:
1. Restaurant A partners with restaurant B to offer a discount on meals at both establishments.
2. Company A promotes company B’s new product in exchange for a free trial of the product.
3. Retailer A includes retailer B’s flyer in its weekly circular, and vice versa.
4. Online store A promotes online store B’s Black Friday sale on its website.
5. Manufacturer A agrees to promote the products of manufacturer B in its advertising and social media channels.
6. Local business A promotes local business B’s special events and discounts on its website and social media pages.
7. Car dealership A sponsors a charity event put on by car dealership B in exchange for promotion at the event.
Examples of well-known companies which use cross-promotion successfully
McDonald’s and Coca-Cola, Ford and Chevrolet, Adidas and Nike, Amazon and Walmart. These are just a few of the many well-known businesses that have successfully used cross-promotion to boost sales and reach new customers. By partnering with a complementary business, each company can increase the reach of its marketing campaign and create a more powerful message for consumers.
McDonald’s and Coca-Cola
McDonald’s and Coca-Cola are two of the most well-known brands in the world. Both companies have built their success on a strong cross-promotional strategy.
McDonald’s has been using cross-promotion to promote its products for decades. In recent years, the company has partnered with Coca-Cola to promote joint initiatives like the Happy Meal Toy Program and the Share a Coke campaign. These campaigns have been successful in reaching new customers and boosting sales for both brands.
Ford and Chevrole
Ford and Chevrolet are two of the most popular car brands in the world. Both companies have a long history of using cross-promotion to boost sales and reach new customers.
One of the most famous examples of cross-promotion between these two brands is the “Win a Car” contest. In this contest, customers were able to enter for a chance to win a free car from either Ford or Chevrolet. By partnering together, both companies were able to reach more potential customers and boost sales.
Ford and Chevrolet teamed up again to promote their joint venture, the Detroit Auto Show. In an effort to get more people interested in the show, both companies ran a series of ads promoting each other’s products. This cross-promotional campaign was successful in reaching new customers and generating excitement for the show.
Adidas and Nike
Adidas and Nike are two of the most popular sportswear brands in the world. Both companies have a long history of using cross-promoting to boost sales and reach new customers.
One of the most famous examples of cross-promoting between these two brands is the “Battle of the Stripes” campaign. In this campaign, both companies released a series of ads and products that pitted their iconic stripes against each other. This cross-promotional campaign was successful in reaching new customers and generating excitement for both brands.
Another example of cross-promoting between Adidas and Nike is the “Nike vs Adidas” event. In this event, fans were able to compete against each other in a variety of sports activities. This event was successful in building excitement for both brands and generating publicity for both companies.
Amazon and Walmart
Both Amazon and Walmart use cross-promoting to boost sales and reach new customers. Walmart products can bought on Amazon.com, and Amazon promotes Prime Day on Walmart.
Conclusion
Cross-promoting can be a powerful way to help you grow your business. By partnering with other businesses in complementary industries, you can reach new customers and expand the reach of your marketing messages. There are many different ways to cross-promote your business, so don’t be afraid to get creative. And remember to track the success of your efforts so you can continue doing what works and adjust what doesn’t.