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CROSS PROMOTION

Cross Promotion : Definition, Benefits, Examples and Ideas.


We’ve witnessed Cross Promotion ever since we’ve learned to read and recognize. The term might be new to us but the concept isn’t. For example

Cross Promotion


What Is Cross Promotion?

Cross Promotion is a marketing technique which involves the promotion of other product(s) targeted to the customers of a related product. It usually involves two or more parties, as it is seen in the inclusion of Visa and Mastercard in the promotion of Credit, Debit, and Reward cards. But it’s also common to see cross-promotion in the promotion of different products of the same brand: a game is offered to try for free when you play any related game.

Cross Promotion

Features of Cross Promotion

Cross Promotion is a great way of tapping a target group of partners without investing much. It’s a win-win situation for all of the parties involved. It has the following features –



Customer Touch Points

Cross Marketing involves the usage of customer touchpoints. The customer interacts with a brand at various levels and at various times. These customer touchpoints are used to promote partner brands as well.

vodafone cross promotionRelated and Relevant Products

Parties involved in cross promotion usually sell related products. It would be of no use (and could even result in bad publicity) if an educational institute partners with a liquor company.

Also Read:  Market Segmentation - Definition, Bases, Types & Examples

amazon conjuring cross promotion

Advantages of Cross Promotion

Nearly all of the top brands have included Cross Promotion in their marketing strategies.

candy-crush-cross-promotion-success



Win-Win Situation

It’s a win-win situation for all the parties involved in a cross-promotion contact as everyone gets what they need. One party may look for money while others need more exposure.

Less Cost More Reach

Cross promotion is an easy and economical way for brands to reach more people.

Brand Equity

Sometimes, partnering with a big brand may result in increased brand equity of the brand concerned.



Examples and Ideas for Cross Promotions

Joint Advertising

Many Fast Food Restaurant Chains often indulge in joint advertising with beverages like Coca-Cola, Pepsi, etc. Joint advertising is often used to increase the brand equity of concerned brands.

cross promotion joint advertising

Joint Contests

Brands may come together to conduct contests which lead to more user engagement.

joint contests cross promotion

Cross Marketing enables brands to borrow the brand equity of other brands concerned and use their touchpoints to get more reach.



Product incorporation

Brand partnerships which result in the incorporation of other brand’s product/service in one’s own product are an effective way of cross-promoting.

visa Cross Promotion

CSR Projects

Corporate Social Responsibility projects often require brands to join hands with NGO’s and other social entities.

Sponsorship

Brands may sponsor related events / Tv shows to get more reach. This might result to be more beneficial if the event is also sponsored by other Big Brands.



Cross Promotions in Digital Marketing

Influencers

Influencers are people with huge reach. They belong to a particular niche and people often use their reviews and opinions to make any purchase decision. It is a good practice to use influencers to promote your brand or product.

Also Read:  Product and Brand Positioning Map

Guest Posts

Bloggers often guest post on other websites to get more exposure and increase their website traffic. This type of partnership is a good deal for both the parties as one party gets quality content while others get more exposure and a backlink to his website.



Branded/Sponsored Content

Sometimes websites and influencers post content exclusively to promote certain brand or product.

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