Co-Branding vs. Co-Marketing: Key Differences, Advantages, and Examples
Co-branding is a strategy where two or more brands partner to create new products or services. However, co-marketing is a marketing process where two brands collaborate to promote their products or services to their target audience without creating a new one. Co-branding and co-marketing are the best examples of how brands can collaborate to reach a new audience, creating new products or services by identifying the weak points of their customers. According to recent data, 85% of businesses view partnerships as their primary marketing approach, and 71% of consumers enjoy trying co-branded products or services. However, without tracking the real impact of the marketing collaboration, they can not identify their actual ROI. That is where performance marketing software like Trackier assists brands in managing and optimizing their collaborative marketing efforts, accurately tracking, and measuring the real performance. What is Co-Branding? Co-brandi...