What is Co-Marketing?

 Krista Moon  2 Comments

What is Co-Marketing?

Growing an email list and generating leads online is a solid business growth strategy, but can be painfully slow. Co-marketing is one of the most effective ways I've seen companies expedite the process. I've seen companies get 10,000 to 20,000 new followers using this type of strategic marketing campaign.

Co-marketing is a coordinated marketing campaign between 2 or more parties that share a similar target audience.

For example, a tree trimming company and a lawn care company share a similar audience but offer different services. By participating in a co-marketing campaign, they can "share" their following with one another and expand into new marketing channels.

What to Expect

Each co-marketing agreement is determined in advance of the campaign, but the expectation is that each involved party will promote to their target audience, which creates a wider network than a business can on its own. All involved parties get the list of leads to review for ongoing sales and marketing initiatives in accordance with global, federal, and state regulations.

The Requirement: High-Value Content

*Important note: The most effective co-marketing campaigns are not direct product or service promotions. They are educational topics that are of high value to the target audience. The goal is to build trust and credibility with your thought leadership knowledge. When you do that, followers and leads will come.

By using strategically planned questions on lead generation forms, you can begin to qualify the potential leads and prioritize who your sales team should follow up with right away vs. who needs more lead nurturing.

These synchronized marketing events take serious strategic planning and coordination but can be a great way to quickly get more email subscribers and generate sales leads.

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