If you’re looking to raise awareness of your brand while increasing sales and expanding your audience, co-branding is a relevant marketing strategy. Partnerships are a way of reaching a wider audience.

By teaming up with other brands, companies can broaden their offering and capitalise on their partner’s visibility to boost their own brand awareness.

Co-branding has many advantages. But it is important to master this marketing strategy to avoid associating your image with a brand that is not aligned with your values or that does not address a strategic market.

In this article, we share with you some practical tips for increasing your target audience through a co-branding campaign.

SUMMARY

• What is co-branding?
• What are the advantages of co-branding for a company?
• Boosting the effectiveness of a co-branding campaign through gamification
• 4 tips for a successful co-branding campaign

Co-branding is a marketing strategy that involves teaming up with another brand to promote or co-create a product or a service. This does not mean associating the names of two brands on an item. Such a partnership combines the resources, identities and stories of each partner.

Co-branding means sharing resources and expertise, but also sharing your community. The aim is to benefit from the strategic advantages of the other. This may involve a wider audience, or a new market that the company wishes to conquer. But the strategy can also transfer of technology and know-how.

Co-branding offers a number of advantages. This type of partnership enables each player to benefit from the strengths of the other company, particularly in terms of :

• Reaching a wider audience. Brand partnerships enable companies to increase the exposure of their brand to their partner’s customers. A co-branding campaign can be broadcast across both companies’ communication channels.
• Engage a new audience and increase sales. Consumers are likely to trust recommendations from a brand they know and have been buying from for several years.
• Boost brand awareness and credibility. Establishing a brand partnership with a recognised player allows the company to strengthen its credibility with its target audience. For example, a street-wear brand teaming up with a luxury brand will upgrade its brand image. Its products will be perceived as being of higher quality. This could lead to an increase in pricing, and profitability.
• Reduce the risks and costs of a marketing campaign. Developing a new product or service, entering a new market or launching an activity can be risky. Joining forces with a brand that is present in this market or that has experience in this new vertical reduces the commercial risks. This type of partnership involves pooling resources. The companies will pool their costs, which reduces the budget they have to invest in this project.

The aim of such a campaign is to increase an audience, or to develop a new one (with a persona not previously targeted).

This marketing strategy makes it possible to achieve this objective by multiplying the communication channels. Indeed, the campaign can be disseminated by both partners (publication on social networks, emailing, display format on their respective websites or in their physical shops, etc.).

However, partners can boost the effectiveness of their co-branding by making their campaign fun and interactive through gamification.

By integrating interactivity into their co-branding campaign, the two brands can capture the attention of their respective communities and engage their customers. The fun mechanics of the game and the chance to win a reward will set them apart from other content.

The marketing game can be used to help people discover the co-created product in an entertaining way (via a quiz). It can also tease its launch and optimise consumer expectations by making them win free products via a competition or instant win (scratch cards, one-armed bandit) The game also offers the chance to win a product from the partner brand, boosting brand awareness by leveraging the premiere.

Examples of gamified co-branding campaigns

The famous drinks brand Coca Cola is a master of this strategy. The company uses this strategy to develop its audience and increase sales.

For example, it has teamed up with fruit juice brand Capri Sun to convert new customers. Its co-branded game incorporated a proof-of-purchase mechanism into its prize draw form in order to boost its conversion rate. In addition to the co-branded aspect of the campaign, the choice of an attractive prize (an iPhone) helped convert more than 5,000 visitors.

Coca-Cola has also developed a co-branding marketing campaign with energy drink brand Monster. Here, the mechanic used was to upload a proof of purchase to access the game in order to generate sales. As the two brands’ universes are similar, this campaign had a participation rate of 75% and over 1,000 visits.

Before embarking on co-branding, it is important to consider the right factors to choose a partner that will enable the brand to achieve its objectives.

• Target markets. The thing is to make sure that your audience and that of the brand with which you are planning to partner overlap. The partnership will not work if the companies are both targeting different audiences or if they are too similar.
• Brand image. The personalities and worlds of the two brands must be compatible. The partners must share common values, at the risk of losing their community.
• Market needs. A co-branding campaign must respond to a market need. This partnership can enable the brand to address a need of its audience that it has not yet met.
• Adapting the mechanics of your marketing game to the challenges of co-branding. This means choosing a prize that reflects the two brand universes. It means announcing the winners on their respective channels, or providing an opt-in for the partner brand, etc.

Once the company has found the right partner, it is crucial to define everyone’s roles and responsibilities in the roll-out of the co-branding campaign. To achieve this, it is important to be able to count on a reliable and transparent partner who will contribute to the project.

Conclusion

Gamification is an excellent way of boosting the impact of a co-branding campaign. It will boost your brand’s reputation and its ability to develop a new audience. Discover our interactive competition mechanics to make your campaigns even more engaging and convert these new prospects more effectively!