Best Business Practices - Navigating Brand Partnerships
Best Business Practices - Navigating Brand Partnerships
If you are at the point where you are Yes.. making money for creating a video
ready to start collaborating with brands is wildly exciting BUT it needs to be
on video partnerships.. we are so freakin’ done responsibly (you’ll see what we
proud of you!! This is SUCH a big next mean as you work your way through the
step and one that can feel a little scary pages of this guide).
when you first start out. If brands are
starting to reach out to you with We’ve outlined eight tips to help you
opportunities to partner together on make the best decisions.. most of which
video projects, don’t be overwhelmed.. stemmed from our own mistakes in the
(this is supposed to be exciting)! It’s past lol. We’ve also gone ahead and
totally normal to have a ton of questions provided some ‘Take Action’ exercises
on how to best navigate through this so you can put what you have learned
uncharted territory as a creator. into play straight away.
Take Action: It can be easy to be distracted by dollar signs in the beginning of your
partnership journey (we’ve all been there)! Before you automatically say “Yes!!” to an
opportunity, make it a habit to conduct your own quick Brand Value Audit. Use
these three questions as a guide when considering whether a brand might be a right
fit to partner with:
1. What are three things myself and this brand have in common? (Ex. In the
fitness niche, funny personalities, Canadian based)
2. Yes or No. Can I see myself using this brands product or service regularly?
(Try to be very honest with yourself here.)
3. Would I recommend this brand to my closest friends and family?
4. Would this partnership feel “out of left field” if seen by your audience?
If you answer positively to the 4 questions above, you are probably in a good place to
explore the partnership further!
BEST BUSINESS PRACTICES
Take Action: Everytime a new brand partnership comes in, take just 10 minutes to
do a little research. Look into their reputation, customer reviews, and past
partnerships. Google the brands name and hit “News”. See if there are any red flags
that come up or reasons they might not be the best fit. This will help you make an
informed decision on whether it’s a good idea to move forward and avoid potential
pitfalls. Always better to be safe than sorry!
Take Action: Set aside some time to define your expectations as a creator. If you
don’t know where to start, ask yourself these questions:
Note: These expectations do not have to be set in stone and might change from
partnership to partnership.
BEST BUSINESS PRACTICES
Note: As part of a brand deal, you may be required to include that brands ‘specific
campaign messaging’ to your video. We try to avoid this at all costs.. as it typically
comes off too ‘salesy’. BUT, if this is a make or break and you really want to work with
the brand, ask if you can re-phrase the messaging in your own voice so it will
resonate with your audience! Send your version over to them to approve.
BEST BUSINESS PRACTICES
No matter the size of the partnership deal, we always suggest putting a contract in
place. This ensures both you and the brand are held responsible for their partnership
requirements. If you are ready to move forward with a partnership with a brand,
request for them to send through a contract summarizing everything you have
discussed via email to this point (they will most likely have a standard creator
contract on file). Go through this contract thoroughly. Take note of the outlined
compensation, payment schedule, scope of work, deliverables required, exclusivity,
etc, and cross reference what you have discussed with the brand. Remember to
always seek a professional opinion if something isn’t clear to you.
**If you need the brands product to fulfill the content, make sure this is clearly
included in the contract.
Take Action: If you plan on doing a lot of partnerships, it is probably worth investing
in hiring a lawyer to write up your own contract that you can send to brands
outlining what you are comfortable with. Make sure this document can be editable
so you can change the compensation/deliverables for each partnership moving
forward.
BEST BUSINESS PRACTICES
Take Action: If you want to be a real keener, you could create a 1-2 page reporting
document summarizing your video’s results. From experience, we find this really
impresses the brand and the extra effort goes a long way. We suggest designing a
standard document in Canva and using it as a template for each partnership you do
moving forward.