US consumers would try co-branded products from brands they like

New Ideas in MarketingEssential news for marketers, summarised by YouGov
September 16, 2021, 12:07 PM GMT+0

A poll of 501 Americans by Visual Objects sheds light on how consumers react to brand collaborations and co-branding.

71% of consumers prefer it when multiple businesses collaborate to offer a unique product, as per the report. While customers are drawn to co-branded initiatives, participating brands must ensure that their core values are in sync with each other to avoid a negative reputation.

Of those polled, 61% indicated they avoid buying products with negative brand reputations on occasion. Further, 41% of consumers factor in a brand’s mission and values in their purchasing decisions.

Terri Rockovich, co-founder and CEO of kibble brand, Jinx, notes, brand partnerships should be “complementing each other’s offerings with something unique.” Appeal to loyal customers, as 43% of are willing to try new co-branded products from brands they already enjoy.

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