Channel Chief Advisory Board Archives - Impartner PRM https://impartner.com/category/impartner-article/ccab/ We Accelerate Your Channel Mon, 31 Jan 2022 13:20:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 https://impartner.com/wp-content/uploads/2018/05/cropped-icon-512-1-1-32x32.png Channel Chief Advisory Board Archives - Impartner PRM https://impartner.com/category/impartner-article/ccab/ 32 32 How AscendX is Driving Demand for Thousands of SMB Reseller with New Channel Marketing Services https://impartner.com/2022/01/31/how-ascendx-is-driving-demand-for-thousands-of-smb-reseller-with-new-channel-marketing-services/ Mon, 31 Jan 2022 13:19:29 +0000 http://impartner-demo.flywheelsites.com/?p=118390 In this post we’d like to explore how one of our partners, AscendX Digital, is helping to overcome this problem and provide a unique channel model for channel marketing services to B2B brands like HP and TD Synnex.

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Three New Channel Stars Bolster Impartner’s 2022 Channel Chief Advisory Board https://impartner.com/2021/12/02/three-new-channel-stars-bolster-impartners-2022-channel-chief-advisory-board/ Thu, 02 Dec 2021 16:22:11 +0000 http://impartner-demo.flywheelsites.com/?p=117701 The head of an alliance trade group, a well-regarded industry consultant and the founder of a global channel agency join Impartner’s roster of industry luminaries

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More Than a Buzzword, “Partnercentricity” Is Back in Atop Corporate Agendas https://impartner.com/2021/04/23/more-than-a-buzzword-partnercentricity-is-back-in-atop-corporate-agendas/ Fri, 23 Apr 2021 23:45:30 +0000 http://impartner.flywheelsites.com/?p=109301 If you are not familiar with the concept, “partnercentricity” is a business concept that took hold among tech vendors several years ago. It’s the idea that everything a company does must have a partner-centric component baked in from the start.

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The Seven Myths of Being a Channel Chief https://impartner.com/2021/04/23/the-seven-myths-of-being-a-channel-chief/ Fri, 23 Apr 2021 19:49:07 +0000 http://impartner.flywheelsites.com/?p=109251 If you’re new to channel sales or management, or even a seasoned veteran of partnering, you likely have many questions on key aspects of your job. You may even wonder how other channel chiefs at companies like yours operate. Impartner Channel Chief Advisory Board (CCAB) member Theresa Caragol unpacks commonly held misperceptions. And she would know.

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Partner Loyalty Demands Proper Prioritization https://impartner.com/2021/04/12/partner-loyalty-demands-proper-prioritization/ Mon, 12 Apr 2021 19:51:20 +0000 http://impartner.flywheelsites.com/?p=108339 If you expect channel partners and business allies see the world through your lens given how much time, money and energy you invest in them, then here’s another news bulletin: your expectations are unrealistic. Chances your priorities are, too.

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Three Steps to Winning Your First 30 Days on the Job https://impartner.com/2021/04/06/three-steps-to-winning-your-first-30-days-on-the-job/ Tue, 06 Apr 2021 21:03:07 +0000 http://impartner.flywheelsites.com/?p=108139 New in town? Welcome to your new role in channels. No doubt you want to make a great first impression. But what if we told you there were steps you can take to achieve more? Better still, what if we said you can begin taking these steps today? You can with this three-step primer.

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Building A New Channel for The Post Pandemic World and Beyond https://impartner.com/2021/03/30/building-a-new-channel-for-the-post-pandemic-world-and-beyond/ Tue, 30 Mar 2021 15:32:50 +0000 http://impartner.flywheelsites.com/?p=107884 When Covid-19 upended our world, millions of business leaders scrambled to adjust. Those that doubled-down on go-to-market strategies centered on third-party business partners found they had a leg up on rivals that over-emphasized direct sales.

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Partner Marketing is as Important as Partner Management https://impartner.com/2021/03/17/partner-marketing-is-as-important-as-partner-management/ Wed, 17 Mar 2021 22:05:55 +0000 http://impartner.flywheelsites.com/?p=104847 More-savvy B2B marketing professionals are waking up to the fact that channel partners can be leveraged for local marketing reach as well. They’re learning to open up marketing automation systems that can be accessed by channel partners.

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How to “Marie Kondo” Your Partner Experience https://impartner.com/2020/10/28/how-to-marie-kondo-your-partner-experience/ Wed, 28 Oct 2020 18:13:15 +0000 http://impartner.flywheelsites.com/?p=52935 We want to share a few tricks on how to declutter and spark joy in your channel program.

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5 Key Fundamentals to Fortifying Your Channel Foundation https://impartner.com/2020/10/06/5-key-fundamentals-to-fortifying-your-channel-foundation/ Tue, 06 Oct 2020 17:03:49 +0000 http://impartner.flywheelsites.com/?p=44824 Often times the fundamentals that need to remain the same regardless of market conditions are overlooked.

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The Pandemic is Changing Everything: What Changes Will Stick? https://impartner.com/2020/08/18/the-pandemic-is-changing-everything-what-changes-will-stick/ Tue, 18 Aug 2020 20:07:17 +0000 http://impartner.flywheelsites.com/?p=26745 Many of us are eagerly debating what has changed in channel marketing and enablement due to the current crisis.

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Many of us are eagerly debating what has changed in channel marketing and enablement due to the current crisis. More importantly, many are asking which of those changes, if any, will become permanent. Let me make an attempt to answer those questions here.

Last winter (BEFORE Covid-19), I fielded a global survey asking 1500 manufacturers/vendors about their channel marketing and enablement projects. We asked about their investment drivers, giving 15 options. 1500 ranked “involving partners in our own digital marketing programs” as #6 in their priorities – so already a top priority. In discussions with channel partners themselves, I find that this item is even more important to them, and I expect that trend to continue in the future, as digital business truly dominates marketing, selling, and business relationships.

The survey also showed that businesses now prefer a more comprehensive channel management software platform that covers all of their needs – partner marketing, management, and even sales. Currently, most partner management vendors focus on either channel marketing or enablement only. But manufacturers will seek a channel platform that can support a highly-volatile partner community through a much more complete business cycle, from connection to order processing and service delivery… a quite different partner management world.

How different and why? 

I see this transformation under seven separate trend headlines with all these aspects of channel management moving, over time, from the left-side state to the emerging state described on the right-side.

For decades channel enablement and marketing were just a peripheral process in most industries; the mantra was: “first we sell direct and then we’ll find some partners.” Most firms were selling physical products (or at least on-premises software) and just needed knowledgeable sellers to position the offer to buyers they couldn’t reach.

But now…almost every industry is morphing to an “as-a-service” business model. And buyers pull the service based on their own research. But heh! Channel partners are not being “dis-intermediated”  — this was such a strange cliché back in the 1990s when the Internet took hold and everybody was writing about eBusiness and eCommerce taking work away from channel partners.  If anything, the channel has become even more influential and advocational for businesses. The business model in the channel has changed too and they’re more than likely to live off revenues earned from the end-user than from the manufacturer they now occasionally represent. In addition to resellers or distributors, we now have channel players called affiliates, referrers, associations, communities, groups, and ambassadors.

In fact, just as we like to talk about customer-centric or buyer-led purchasing, the partners are now taking control of the partnerships they need to maintain with vendors. From push to pull. Vendors can no longer map out their target markets and plan partnerships around the battlefield like generals ordering armies around a warzone. The market, the partner communities, run the new game.

This is not only the case in the tech industry. Consider a leading manufacturer of industrial bearings, Sheaffler Group in Germany. They’ve found that their new sensor technology creates a whole set of opportunities as an Internet-of-Things data provider. The sensors they’ve installed in trains, combined with AI technology, can provide vital maintenance data on the railway track itself, which is sold to the Bundesbahn who maintain the infrastructure. Schaeffler continues to be a manufacturer but now also has a data service business with new partnerships. As-a-Service is happening everywhere.

That is the bigger picture and most trends are the result of changing expectations on the buyer side and the proliferation of digital channels across all businesses and industries. It has been the fact that digital transformation has been somewhat held up in certain countries and industries due to the classical resistance to change. COVID-19 has burned away many of those hurdles. Hardly any executive or HR manager will now claim that WFH is bad for business. Companies have learned quickly to continue most of their business relationships both internally and externally through digital media.

Here are the most important other trends I believe are here to stay:

  • An optimized experience. The business imperative will become “Provide the Optimal Customer Experience.” Manufacturers will need to ensure that their channel partners are part of that experience and therefore need to provide customer insights to them.
  • More effective tools. Partner management platforms will help manufacturers to manage thousands of partners of all types without making 80% of them feel inadequate because they are only a silver-tier partner and do not warrant personal attention.
  • Better enabled Partners. There is an even larger boom in sales enablement investments at the moment. Clearly, sellers now interact with buyers digitally, remotely and the signs are that buyers like this new behavior and will prefer it to become permanent. They will focus on those suppliers who have the capability to support them. As I tell every client I talk to: “Channel enablement must be part of the sales enablement program.”

The current crisis has created a sort of perfect storm for sales and channel enablement projects and that is a change that I think will outlast COVID-19 and become a strategic imperative in many companies over 2021 and beyond. Those channel enablement and marketing platform vendors who can cover the needs described above will flourish in this marketplace.

To learn how to stay ahead of these trends, watch the full webinar I presented with Impartner CMO Kerry Desberg, where I dive deeper into the channel research I mentioned, along with each of these trends. If you have questions on how to better manage partners through a partner relationship management platform to increase channel revenue, visit impartner.com/demo.

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WILL YOU MAKE THE GRADE? https://impartner.com/2020/07/29/will-you-make-the-grade/ Wed, 29 Jul 2020 19:53:57 +0000 http://impartner.flywheelsites.com/?p=19876 Even the best strategy and flawless execution can miss the mark if you can’t be clear on who you want to be before deciding what you want to do.

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The Missing Step

I take an agile approach to planning: analyze available data, develop a strategy, make swift decisions and set the team in action. Missteps are not failures, but ways to learn that help to refine the strategy. As a channel sales leader, this approach has yielded strong results. It wasn’t until I led a more complex, global sales organization that I realized I was missing a step.

Even the best strategy and flawless execution can miss the mark if you can’t be clear on who you want to be before deciding what you want to do. I’m not talking about corporate values or a code of conduct, but deciding in every initiative or project how you want to show up and the impact you want to have. Setting a “To Be” list before your “To Do” list creates a clear focus on the desired outcome. This simple step of aligning everyone to a single why  had a powerful impact that could be felt by our employees, our clients and our partners.

Vendors, You’re Being Graded

Right now, channel partners are grading their vendors. Many partners are currently realigning their vendor relationships and while this is in part driven by shifts in the marketplace and increased demand for security, cloud and consumption based solutions, this grading is also heavily influenced by how vendors showed up when the world shut down. Partners are heralding vendors who were there for them with relief programs in their time of need and re-evaluating those who were not.

What’s the Criteria?

As partners talk about moving from survival to recovery and revitalization, I was curious about what factors were given the most weight in vendor re-selection. Financial relief? Flexible payment terms? Free licenses? Relaxed revenue targets? And what about the smaller vendors who couldn’t offer relief packages quite so robust? By knowing exactly what partners valued most during the crisis, could it help vendors better understand how to support partners moving forward?

The Results are Surprising

What did grade-A vendors do that set them apart from the rest? The results were surprising.

As I met with partners and scoured polls and online commentary, my focus shifted. I was originally looking for trends in what vendors did, but it was the way they showed up that seemed to resonate with partners. Partners definitely cited the tangibles like financial relief and other programs, but they also focused on how the vendor behaved and made the partners “feel.” It was the level of concern from the vendor—the sense of urgency—and how the importance of the partnership was communicated that set them apart from their lower-grade counterparts. The vendors who showed up strong did not overlook that first but crucial step.

Those companies that first decided who they wanted to be in this crisis were led by a higher purpose when deciding what they needed to do. It resonated in their communications; it showed in their relief offerings; it was reinforced at all levels within their company, from executives to reps. Early remarks from partners such as “they are there for us,” “they understand our needs” and “they are working with us” showed an increased sense of loyalty even during the height of the chaos. The following word cloud lists some of the most common words or phrases partners used to describe their perception of vendors in response to the COVID-19 crisis:

When describing the standout vendors, they used words like “sense of urgency,” “responsive,” “supportive,” “accessible” and “engaged”. Even words not usually associated with corporations like “human,” “caring” and “heart” were used to describe some vendors. While some of the likely candidates with more robust channel programs were cited, many smaller vendors who led with “heart” were mentioned as well.

Retired Starbucks Chairman and CEO Howard Schultz said, “If people think they share values with a company, they will stay loyal to the brand.” The pandemic created an unprecedented moment for brands to make strong emotional connections with their customers, partners and even employees. Those companies that connected with their partners through a shared set of values have strengthened loyalty and will be rewarded as revenues rebound.  

So Now What

As partners scramble to adapt to the new normal, they are having to re-think how to sell, support and connect with customers in a whole new way. For many partners, they are adapting to:

  1. Rapid technology adoption
  2. Virtual-only selling environments
  3. Digital-only marketing and relationship building
  4. Changing customer environments, priorities, and budgets

Vendors are simultaneously trying to adapt programs and engagement strategies to support partners in these efforts. Some vendors are providing techniques and tools that enable remote selling. Others are creating effective marketing strategies to build customer relationships virtually. Some vendors are working with partners to design an E2E customer journey without ever stepping foot on the customer’s site. The list of things vendors can do to help partners is long, but if having a clear purpose really is a key differentiator in gaining partner loyalty, vendors should seize this golden opportunity by aligning their “To Be” to their partners’ challenges.  

5 Tips on leading with “Be”

  1. Create a To-Be List:  A “To Be” list is not the same as your company values. It is a set intention for a specific project, initiative, or plan and describes how you want people (customers, partners, employees, community) to feel. It does not need to be a complex exercise. Start by asking, “Who do we need to be for our (partners)” and then ask, “What do we need to do to be exactly that?”
  2. Value What Your Partner Values:  Align your “To Be” list with your partners’ values. If you don’t know what your partners value, ask, or let us help you distill it down.
  3. Talk About It: Be open about who you are striving “To Be” at all levels in your organization. Set the example and reinforce the message often. Openly share your list with your partners when rolling out new initiatives. What gets talked about gets done.
  4. Make it a Consistent Practice: It doesn’t take a global pandemic to adopt the attributes partners cited (e.g., quick response, flexible, open communication). If partners value these actions from vendors, showing up this way 365 days a year could be a game-changer for your channel.
  5. Let Your “To Be” List Guide: You’re in business to make money. So are your partners. Defining your “To Be” list should be the catalyst for you to create the tangible assets, benefits and support you’re going to offer your partners to set them up for success in 2H 2020 and beyond. Look at how things have changed, what needs to be adapted, and then find the greatest impact you can have to stimulate growth in their business and revenue for you.

If you’re one of the vendors who got an A from their partners, put a gold sticker on your forehead and take an extra 15-minute recess! If you’re one of the vendors who maybe didn’t get the grade, don’t worry—there’s still time to retake the test.

To Be or Not to Be……I think you know the answer. Happy Selling!

 To find more content like this from our insightful Channel Chief Advisory Board members, visit the resource page on Impartner’s website.

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