Tuesday, March 12, 2013

Companies Pairing up to Create New Products


While I’ve been home over break I have been able to watch more television. I have seen plenty of commercials but have been surprised with the number of companies partnering up with new products. The two that stood out to me were command strips with febreze and venus with olay. Command strips now allow febreze to be stuck up anywhere to give a fresh scent. Olay now has a moisture bar on venus razors for a more comfortable shave.

I have noticed the companies who pair up are equally popular and profitable products. I think that is to attract more or new customers to existing products due to established and trusted brands. These products also are making tasks more convenient without the company having to produce a new type of product, simply pairing with another.

I think this is a great idea. I think companies will benefit from this and increase sales. I use venus razors and olay face lotion. This makes me more likely to try the venus and olay razor to see if it improves my shave over the regular razors.

Do you think it is smart for companies to pair up? Do you think one company benefits more than the other?