These brands typically function in separate industries, but they share an overlapping audience base.These brands come together to develop something new or unique that appeals to their mutual audience base, like:● Limited Edition Products● Service fusions● EventsCollaborative marketing can be an excellent decision for your company if you’ve got a list of peers that are compatible with your products, services, or brand message.As mentioned before, there are several aspects in which your brand will benefit from this, including getting access to a highly relevant customer base and innovation in marketing ideas.Moreover, all of this will be accomplished in a brand-safe environment where you will have high-level quality control: lower risks, bigger rewards.But how do you know which peers are the best fit?Let’s dive into their details.Your brands should be like-minded.The collaboration between your brands must make sense to the audience.Let’s see why:● Consumers got affordable access to a brilliant product.● IKEA was able to build brand loyalty by offering a genuinely special product.● Sonos sold at a bargain, which made potential future customers.● Both of them received positive brand associations from this collaboration.The launch of this innovative product created a lot of buzzes as speakers have actually become general furnishing for our homes.3.On the other hand, Chubbies manufacture leisurewear and are renowned for their crazy designs and friendly branding.The number of people visiting their stores will increase as the Stranger Things fans came to try out the new flavors.See, a win-win deal!To ensure the same for your peers before entering into an association.How To Find Collaborative Marketing Opportunities?Now, let’s discuss how you can find ideal collaborative marketing opportunities.Look to your peersProbably you will have several peers in the adjoining industries that you uphold or other brands that you rely on for ideas or whose work you simply adore.
Spotify has begun testing a new type of ad in Discover Weekly, its personalized playlist of music that’s the streaming service’s flagship feature.The company says that, for the first time, it will allow a brand to “sponsor” this playlist as opposed to just running ads.It believes many advertisers will be interested in this opportunity due to the playlist’s ability to reach heavily engaged Spotify users, and because it allows advertisers to “own the personalized listening experience” on Spotify.According to Spotify, Discover Weekly listeners stream more than double the amount of users who don’t listen to the playlist because of the personalized experience it offers.That will make the ad product more compelling, compared with brands’ existing ability to sponsor other editorial playlists on the service.With Spotify’s Sponsored Playlist ad product, brands can surround Spotify’s free listeners with audio or video messages in ad breaks, and gain Spotify’s help in building a collaborative marketing plan.
Demand generation is a technique of B2B marketing where certain strategies are implemented to create interest in some products and services among potential customers. A good demand generation strategy is one that ends in happy customers and profitable businesses. Previously, lead quantity was the focus. However, recently there has been a shift and more and more businesses are now considering the quality of leads as a primary focus. No business wants a lead that doesn’t convert into sales leads. So generating just the interest in not enough anymore.Demand generation, as understood today, is more about the generation of interest in products and services as well as better brand authority and recognition. The focus has to be on the entire sales funnel rather than just the top for the success of a business. Therefore, the latest practices in demand generation are about building better relationships, operational efficiency, and adopting the latest technologies for enhancing the whole process. This article examines and briefly explains eight demand generation practices that marketers can use to make their businesses profitable.Automating the top-funnel processesThe marketing automation tools have led to the automation of the mid-funnel processes. Research in this field suggests that automation is being used for personalization of content, profiling of leads, and lead nurturing. While this has led to more efficient processes, the top-funnel processes are still ineffective and manual. Therefore, the need is to automate the top-funnel processes so that marketers can centralize their leads and make the processes like lead data validation, vendor management, standardization, and enhancement more efficient. Adopting improved account-based marketing techniquesFurther, the organizations have to switch to better account-based marketing (ABM) techniques to increase the ROI. It is time to ditch the old ABM practices like cold contacts, email blasts, etc. and adopt new and sophisticated ones. Generating high-quality dataThis is being stressed upon the most by the industry experts. Data quality has a huge effect on all aspects of marketing. It is important to have high-quality content at each stage. There are many effective tools in the market that ensure the data quality and data match the MAP and CRM requirements. Frequent and improved communication with clientsTraditionally, marketers do not engage with the clients. However, communication with the client has a huge impact on demand generation. Marketers who are in frequent touch with their customers have better knowledge of how to attract and retain their clients. Better communication with sales and customer serviceA research has revealed that better communication with sales and customer service department’s leads to 38% higher sales win rate and 36% better customer retention rates. This happens due to the fact that improved communication with these departments gives you a better understanding of success metrics. Co-creating content and events with other brandsA lot of stress is now being given on partner marketing where two or more brands come together for marketing efforts. This is done mostly between complementary and non-competing products. Collaborative marketing allows better use of resources as it focuses on sharing. The output is better content, wider exposure, and higher engagement with the audiences. Some of the co-creation opportunities include webinars, white papers, and research. Understand and prepare better for privacy regulationsData privacy and B2B marketing are related more than you think, especially for the organizations who are in some way doing business in the European Union. With the coming of the General Data Protection Regulations (GDPR), this has become more important. The impact is significant on B2B tech firms as not complying with these may lead to regulatory risks. With the rapidly changing landscape of demand generation, it always hard to forecast the trends. However, the organizations that are actively engaged in improving their strategies will be performing the best. Adapting to changing trends and times is the need of the hour. Therefore, the most successful demand generation techniques are the ones that are in line with improving technologies, increased demand for better content, and compliance requirements.
But in the magazine media sector, Condé Nast, Time Inc, and other companies are using titles like chief industry officer, chief business officer and chief revenue officer to replace publisher.With magazine media, publisher connotes brand ambassador and the broad scope of work that includes.Recently, I ran into a client from a few years back, an advertising director at one of New York’s most prestigious stores.I reminded her how we did most of our work in her office and once in awhile we’d have lunch.I would present my value proposition to gain a greater commitment from her brand, offer collaborative marketing partnerships to support it, and came away with a clear idea of what New York magazine needed to do to further strengthen this client relationship and increase business.In contrast, when I had recently emailed her successor – now called a chief marketing officer, not advertising director, and invited her to lunch, she responded instantly in email with, “What’s the agenda?”