Finance

Why and How E-commerce Partnerships Can Boost Business Growth

Businesses have always spent huge amounts of money advertising on radio, television, newspapers and magazines. These commercials and print ads were typically centered on the specific company and its products and services, with no mention of the competition — unless it was in a negative way.

Now, thanks to the rise of e-commerce, many companies are realizing that traditional advertising is not as effective as it used to be. Instead of being inspired to buy a product based on a jingle on TV, shoppers are now more likely to use their mobile devices to look up what they need online and buy it there.

 

READ MORE :

This change in the way consumers shop has inspired a number of companies to do what used to be unthinkable: collaborate online with other brands that share their type of shopper. With this in mind, let’s look at how and why e-commerce partnerships can fuel growth, as well as a few examples of who is doing this effectively.

It Boosts Credibility of Both Companies

commerce partnerships. For example, Amazon has been king of this approach for some time; small companies that are getting started can sell their wares on the Amazon marketplace and use the consumer giant’s name and reputation to boost exposure and sales. Another great example of an e-commerce partnership can be found at Cabela’s, which features a “Save Now” banner on their website that shows a list of brand discounts that they’re promoting to boost sales. In addition to official club offers, shoppers who click on the link will find rebate info for the SOG knives and tools company’s products, a $100 rebate on Remington, as well as how to receive a free magazine with the purchase of a new Tikka T3x TAC A1 rifle. Also, Google and Walmart have teamed up; Google is now offering Walmart products to consumers who shop on Google Express, the company’s online store. Walmart customers can now link their accounts to Google, and when they use Google Home to order or reorder products that they need, they can easily get them from the major retailer.

E-commerce Partnerships are Changing the Face of Advertising

While it can be hard to imagine companies figuratively sleeping with the enemy, there are definitely some advantages to businesses collaborating with each other. Whether it’s a small startup partnering with an established company or vice versa, or larger corporations banding together to get more customers, it will be interesting to watch this phenomenon over time and see how it will change the way products are advertised and its impact on sales.

About author

I work for WideInfo and I love writing on my blog every day with huge new information to help my readers. Fashion is my hobby and eating food is my life. Social Media is my blood to connect my family and friends.
Related posts
Finance

How to Earn Maximum Interest from your PPF Account

Finance

Here’s How to Get Quick Cash From Personal Loans

Finance

Fields Where You Can Save for Your Company

Finance

Social Media in 2018: What businesses need to know

Sign up for our newsletter and stay informed !