Brand partnerships can elevate subscription services by expanding reach, boosting credibility, and enhancing value. But what makes a partnership truly effective? In the following article Business Director, Craig Gallacher, explores key considerations of brand partnerships before reviewing three examples that nailed it.
Beans and Toast. Daly and Winkleman. Mark Noble and West Ham. Three examples of partnerships where two entities come together to make an even more perfect whole. But what about brand partnerships? And how can these be successfully created by the Subscription economy?
What are the main benefits of brand partnerships for subscription brands?
This is absolutely not an exclusive list by any means, but five that immediately spring to mind include:
- Expand reach: tap into a new customer base by accessing your partner’s first party data
- Boost awareness: increase visibility by partnering with well-known brands and sharing marketing efforts
- Add value to customers: offer exclusive perks to your customers to improve retention
- Build credibility: strengthen trust by associating with reputable brands
- Drive innovation: inspire ideas for new products and services
So, which brands have gained a competitive advantage through smart brand partnerships? Here are three sterling examples.