I teach a small business marketing seminar for locally owned businesses that’s called “EIGHT Ways to Make Your Cash Register Ring in Any Economy.” In this seminar, one of the eight strategies that we outline is what we call “Pursuing Partnerships & Alliances.”
There are several different types of partnerships or alliances that work really well and should all be used liberally in local businesses and restaurants.
1. There is the alliance or strength gained from “riding the coattails of an industry elephant.” This happens when you carry a major national brand in your store that is doing national advertising – and you mimic elements of that advertising campaign in your own marketing messages or images. This same strategy can be accomplished when you ride the coattails of a major trend (such as the green or environmentally friendly movement) or a major cause or organization (such as a political, religious, or industry promotional campaign).
2. There are the partnerships that participate in cooperative marketing programs generated or promoted by local or regional organizations. This strategy is implemented when local businesses join together under the banner of a common cause or organization. This would be the case when a Main Street or Chamber pools your money or even fronts the money for a promotional campaign for all of the businesses involved or to promote a certain shopping district or event.
3. Finally, there are those alliance that businesses make directly with one another. These are created with the purpose of co-promoting one another’s business. This is best configured when two or more businesses are targeting the same demographic or target audience, but they do not have a competing product. (This works regardless of geographic area – it works if you’re close geographically – it works when you’re not.)
Think about it. Are you using all three of these Partnership/Alliance strategies to grow your small business? You might be blown away by the results. I know I have been in my own business and in the businesses of our clients. Think about how you can work with others and get started today!
Photo Credit: exfordy















