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WHAT is a Cross Promotion?
"Walk Your Talk" is when two or more groups (businesses, government
agencies, or nonprofit agencies) with shared values and markets act
together to reach their shared markets more memorably, efficiently,
frequently, and credibly. They "walk their talk" by thinking about the
customer first, rather than the product, and looking for other ways
the customer would gain convenience, savings, awareness, or other benefits
through the joint efforts of multiple vendors reaching out to them.
WHY Cross-Promote? The Benefits.
1. You stand out. You can provide more credible, valuable, and eye-catching
offers through your partner in ways and places where your competition
isn't even in sight. For example, to reach professional women, cross-promotional
partners distributed "Tips - Plus - Offer" flyers from each other. The
Lexus dealer put the flyers in their windows and car seats. The upscale
health spa, investment advisor, and medical clinic included them in
their mailings and on their counters. The dry cleaner placed them on
hangers, and the cellular phone agent put them in the new phone boxes.
Their cross-promotion also stood out by matching their targeted customers'
values, lifestyles, needs, or other commonality. For example, many of
these professional women respond best to signs of respect -- especially
where they don't always expect to get it (car dealer), thoughtful attention
(doctor's office), and convenience (dry cleaner).
2. You reach more customers with less time and money. Partners' cross-promotions
can be tied to their market's special need (left-handed, pregnant, promoted,
or pressed for time), value (vegetarian, non-smoker or "only the best"),
lifestyle (heavy traveler, gourmet cook, or avid shopper), job (night
worker, doctor, or salesperson), time of day activity (morning coffee,
Saturday errands, or dinner), time of year (school's out, Thanksgiving,
or biggest local festival), time of life (divorce, graduation, or birthday)
or even preoccupation (dieter, article clipper, or procrastinator).
3. You save money. You save money by sharing expenses/resources with
partner(s). Split costs of a common "offer" or promotion card, or trade
free gifts of your services with products of your partners -- to offer
each others' customers.
4. You reach more people. You reach more potential guests by working
with partners who are reaching the same kinds of people, but they may
not be your customers yet.
5. You reach people more frequently. You reach people more often because
your exposure at least doubles with just one partner -- your cross-promotion
appears in front of both customer bases.
6. You stand out. You gain memorability because your promotions are
more unique and eye-catching than the usual advertisement or public
relations.
7. You build credibility. You gain credibility as your partner(s) tout
your services or products.
8. You stabilize cash flow. You and your partner(s) can help each other
through "slow times" and leverage opportunities during "busy times."
9. You make news. You become more newsworthy when you carry out unusual
cross-promotions, especially with unlikely partners or nonprofit and/or
government partners.
10. You generate more reasons to buy -- and buy more. You offer your
customers more reasons to buy and more reasons to visit more frequently,
when you involve ideas and resources from partner(s).
11. You improve support of community causes. You are more efficient
when you collaborate with the right partners.
12. You have fun. You can have fun trying new ideas with new partners
-- and see the positive results as intrigued customers are attracted
to your business or public agency, with more reasons to buy.
HOW to Take the Right Steps to Cross-Promoting.
1. Target your specific market. Pick a niche market you want to reach
better, more, differently, memorably, or credibly (for example, frequent
business travelers, entrepreneurs, new parents, Human Relations managers
seeking gifts for promoted employees, outdoor enthusiasts). Consider
beginning with entrepreneurs and "Walk Your Talk" to reach out to them.
2. Who's on your common ground? Brainstorm to consider other owners
/ managers who also want to reach your "mutual market." Other than your
niche market, the universally most helpful partners -- the "Most Valuable
Cross-Promotional Players (MVPs)" -- are the three main kinds of businesses
most people visit at least once a month: banks (waiting areas, bill
stuffers, window space, and a need to differentiate their service),
supermarkets (window, check - out counters, grocery bag space), and
gas stations (plexiglass flyer rack on gas pump).
3. Start safely and successfully. Choose a "quick-start," low-risk first
action to propose to a potential cross-promotional partner.
4. Jump start. Propose a "Jump Start" action from the article on "14
Low-Risk Ideas." Propose partnership to someone you know already or
who has a very strong mutual interest in the same market. Demonstrate
goodwill and commitment to partnering by making the first cross-promotional
action even more beneficial to your partner than to you.
5. One plus one plus one can equal five. When you gain agreement with
your partner to carry out your first action, ask your new partner to
consider approaching a third partner to join you. With the right third
partner, you increase the credibility, quality, and quantity of your
visibility -- and lower each partner's costs.
6. Get concrete. Be very specific with your partners about what each
of you will contribute (including time, money, products or services,
employees' participation, store space) and how you will benefit. Then
write a simple agreement for all partners to read and approve.
7. Just do it! Carry out your first cross-promotional action with as
much forethought, care, and fun as you might any newly valued venture
or friendship -- which it might be.
8. Plentiful praise. Thank your partner(s), employees, guests, vendors,
and any others who even remotely helped to make the action happen. Also,
praise them to each other.
9. De-brief immediately. Immediately after the action, compare notes
about the level of success, needed improvements, and -- if considered
mutually successful -- the next cross-promotional action on which to
embark.
Kare Anderson is a speaker on "Say It Better" methods of thoughtful
communication and outreach, and on multi-sensory techniques to create
more memorable on-site experiences. She's an Emmy-winning former TV
commentator, Wall Street Journal reporter, nine-time author and national
columnist. Get her book on how to grow your business faster through
the right cross-promotions by sending a $12 check to "Kare Anderson"
at The CCG, 15 Sausalito Blvd., Sausalito, CA 94965 and also sign up
for her free, monthly, online newsletter, "Say It Better" (now read
by over 17,000 people in 32 countries), at her web site, http://www.sayitbetter.com/.
Read about networking.
Read about offers.
Read about repetition in marketing.
Copyright 1999 Kare Anderson. All rights reserved.
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