Saturday, May 19th, 2012
Login

Category: Marketing Tips

B2B Partnering

Are you ready to get more exposure for your marketing and media dollar in 2010? Although 2010 bodes to be another challenging year for most businesses, pulling the plug on marketing efforts could exacerbate these challenges even more and prove disastrous. So how can you stretch your marketing efforts? With a little bit time, creativity and some basic negotiation skills, your marketing can work overtime for your business.

B2B Partnering – Share the Load / Increase the Exposure
Business to business partnering can be an effective way to split some basic marketing expenses and/or help to increase your exposure and traffic.

One method for partnering would be for complimentary businesses, like an art gallery and a frame shop, to share printing costs by incorporating information on both businesses on the same collateral piece (brochure or direct mailer). Not only does this increase the exposure of both entities, since it will be distributed by both businesses, it also serves as an endorsement for each company

Another way to employ B2B partnering to your advantage is by offering coupons for distribution to surrounding non-competitive businesses. Ask a neighboring business if they would like to offer their patrons a compelling discount coupon on a product at your store. As long as the two businesses are non-competitive, this is a win win for everyone. Your neighbor’s store is able to reward its customers with a discount they would not have been able to take advantage of otherwise and your business sustains increased traffic. Don’t forget to reciprocate should your neighbor see the benefits of partnering and want to coupon too.

Joint advertising can also be a good way to share the load of marketing expenses especially if there is a similar message in which both businesses can benefit. As an example a florist and a sweets shop could join forces during certain holiday’s, like Valentines Day and Mother’s Day and advertise a combination offer of flowers and chocolates. In addition to the financial benefit of splitting the media cost, this joint venture provides their customers with something no other stand alone florist or sweet shop can deliver.

Facebook is a free and wonderful way to build a network of friends and clients and share new product arrivals and events in your store. It’s also a great way to promote things going on around your store, possibly with other businesses in the area. Employ and position your Facebook page as a fount of information of events going on in your store and its general area to create more than one reason for someone to make a special trip to your location. Encourage surrounding businesses to do the same, and watch the traffic grow.
As you are exploring the myriad of opportunities to stretch marketing dollars in 2010 via B2B partnering, take a moment to consider the importance of utilizing a vanity phone number in association with these efforts. B2B marketing efforts will require both partners to be succinct in their messaging to be effective. Not only does an intuitive vanity number immediately communicate the nature of the business, like 1800-FLOWERS, but it also instills instant credibility and memorability. Additionally, a vanity number will improve the impact of all other marketing activities for your business, and thus will augment overall exposure and influence.


 

Find Your Perfect Number

Private Consulting

If you have a specific number in mind and don’t know if it is available, don’t know how to find out or how to possibly acquire it, let us put our years of experience to work for you. Click here to submit a private consultation contact form.

Blog Categories

Latest Posts

If you are like me, when I plant a seed I do everything in my power to ensure that little guy is going to grow. Investing 6 to 8 weeks of watering and nurturing with no result is not my idea of fun. Consequently, on the day of planting, I start with a fertilizer I [...]

(more ...)

Branding is a word that gets tossed about quite a bit. From marketing strategists and business owners to media sales reps, everyone agrees it’s important. But why? A brand may literally be the only difference between you and your competitor. It can serve to create disparity between 2 products when in fact there is no [...]

(more ...)

Even with an effective, well-branded vanity phone number, in this highly competitive buyers market, it truly does pay to give folks a reason to call now. Creating a compelling offer though can be a little tricky so take some time to design one based on these tips.
Develop an Offer In-Line With Your Brand Promise
Remember [...]

(more ...)

Is it just me or does it just seem our society’s penchant for immediate gratification has recently jumped to warp speed? I personally have always been the type that wanted instant gratification so much so, that I oftentimes would avoid buying anything on the internet, even if it was potentially nicer and/or less expensive, simply [...]

(more ...)

If you do much investigation into developing a marketing plan it will not take long before you run across the acronym SWOT. If you haven’t completed a SWOT analysis for your business, now is a good time.
SWOT stands for Strengths, Weaknesses, Opportunities and Threats and is an excellent tool to help position and prepare the [...]

(more ...)

No matter how small the media buy, never fail to ask for added value or additional exposure above and beyond the paid schedule. The simple truth is it never hurts to ask, and you will be pleasantly surprised how many times just the sheer act of asking can result in a “yes”. Now depending on [...]

(more ...)

Business owners have a myriad of decisions to make when it comes to marketing their product or service. One question many ask is “how much media do I have to buy for my message to be heard and acted upon”? Answering this question can be somewhat tricky in that it’s definitely not a one [...]

(more ...)

Does your company have a mobile marketing plan? If you are like millions of small to medium-sized businesses, the answer is probably, “yeah right, I wish!”
The mobile marketplace is exploding and is one of the main culprits why our lives are increasingly “more wired”.
Consider the following stats:
• 200+ million Americans carry mobile phones. Source: Airwide Solutions
• Cell [...]

(more ...)

No matter how long you have been in business or how many loyal current customers you have, new clients are the lifeblood of any organization. From people moving for new job opportunities, to layoffs or corporate mergers, the only sure thing in today’s world is change, which could equate to significant attrition from year to [...]

(more ...)

Ever wonder why your child can’t seem to master the art of staying focused on one subject for more than a fleeting minute? Try looking in the mirror next time you ponder this question.
Like it or not, we are a rapidly becoming a society of dwindling attention spans. In fact, in the book Coming To [...]

(more ...)

192.168.1.1