- Partner marketing is becoming more common
- The business benefits of partner co-marketing
- Ways that you can join forces with other Microsoft partners
ne of the principal goals of any business is to create more revenue and value in the most resourceful way possible. Now, there are many avenues for trying to do this efficiently (and effectively!), but one of the most proven ways of achieving success is by partnering and co-marketing with other businesses that exist within the same ‘ecosystem’ as yours.
Research by PwC and IAB shows that there has been a significant growth in spending on affiliate and partner marketing in the last few years. According to the report, consumers in the UK spent £16.5 billion in 2014 on affiliate marketing and lead generation activities, and the trend suggests that this will continue to rise.
While this all seems good, for companies with a strict marketing budget and not enough time as it is, the question remains, do you want to invest even more of your time working with partners who have different branding, different goals and a different method of working to create content together?
The juice is worth the squeeze
The answer is yes. There are challenges with partner co-marketing, but the benefits massively outweigh the costs. Some of these benefits include:
- Greater presence online
- More backlinks
- Better SEO impact
- Ability to reach your partner’s audience
Competition is fiercer than ever. Organisations are competing locally, nationally, internationally, online, etc. with each other. Digital transformation and cloud computing have allowed much smaller businesses to punch above their weight, business models are shifting, and so is marketing. Today, marketing is a combination of thought leadership, lead generation, measurable SEO, analytics and so to have a chance of making any sort of impact, partnering up is a way to combine all the above for greater results.
So, how do you go about developing valuable co-marketing partnerships that will enable you to reap the benefits of such a relationship?
Make the most of the events
There are plenty of conferences in the technology industry where organisations of all sizes meet, network and partner with each other. For example, Microsoft has a huge ecosystem that supports and revolves around their channel partners. They host an annual event dedicated to these partners. Microsoft Inspire (formally Microsoft Worldwide Partner Conference, WPC) is the prime opportunity for partners to learn about Microsoft’s roadmap for the upcoming year, network and build connections.
Maximising benefits with insights in data
You should have some questions before you decide to move forward with co-marketing with a partner:
- Do you have a similar audience?
- Is it worth it from a lead generation point of view?
- What are they bringing to the table in terms of skills or know-how?
- Do they have a good reputation?
- Can you stand to be in the same room as them?
Come up with an idea and see what your partner thinks
What type of content are you going to create? Thinking about how you could split up the work might play a part in your choice. Common examples include:
- Blog posts
- Co-sponsored whitepapers
Co-marketing: going beyond the classic case of webinars
Webinars are, in the tech industry at least, the classic option for partner marketing. But you can do better. Some interesting examples of partner marketing techniques and mediums:
Co-branded local events (mini-conference with multiple partners hosting leads and customers)
Bringing together speakers from around the country or even internationally and inviting your partners, clients and potential customers can do wonders for your brand. Splitting the planning, logistics and the cost of the event with your partner(s).
Production of quarterly business magazines by a consortium of tech firms
A quarterly is a great way of expanding your brand: print still holds a certain amount of cache, and a quarterly is a great way of keeping up with customers and attracting new ones too. The problem is it is very expensive and can be time-consuming and often it’s just not a practical method for businesses. However, if you can split the costs and labor with a partner (or several partners), then you can reap the benefits without having to throw down on cost.
This is when a blog writer develops content for a blog that is not their own. This can expose your brand to a different audience, increase your traffic to both parties’ blogs, boost your brand’s authority, build relationships in the field, and provide your own blog with fresh content from guest bloggers of your own.
Going in the right direction with a prime horizontal
So, in this current, competitive business landscape, taking advantage of partnerships across a range of business functions can help your organisation reach important new heights and milestones. And partner co-marketing is a great way of boosting your resources in a horizontal that can deliver excellent value.