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]]>Demand continues to be the primary challenge distributors and their partners face. How can you drive demand and generate demand while protecting brand identity? Doing this across large numbers of partners can be really, really hard. As the ecosystem for the channel continues to change, for example with programs like Amazon Business, big multinational companies have created huge distributor networks that work across massive reseller networks. But with this scale comes challenges, especially for the small and mid-sized reseller. As a result, big brands are trying to find new ways to deliver value and drive success.
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.
In the tech space, small and medium sized (SMB) resellers make up 90% of the tech channel market, and they’ve traditionally been underserved by big corporate brands. This has been driven by the fact that smaller resellers don’t often have the marketing resources required to work with one big brand, let alone multiple brands or with multiple marketing programs. To solve this problem, AscendX created a multi-vendor model that enables corporate brands, distributors, and resellers to automate their channel activities. This drives demand and protects the brand.
How does this work and what’s the process for AscendX Digital and its customers?
Through AscendX’s discussions with big brands, it was apparent that these companies struggle to reach the SMB market because of the sheer volume of resellers across the country. The question: how could they add value and differentiate when distribution to these SMB resellers was a big challenge? Distributors aggregate inventory, provide financing, logistics and more, but they tend to lag on the marketing side. This has been disrupted even more with things like Amazon Business. As a result, AscendX created a differentiated service model that helps big brands expand their marketing reach through distributors to thousands of resellers. They help SMB resellers to leverage the marketing investments those big brands have made, and to elevate their own digital presence on their websites and through social media – without the need for any in-house marketing resources.
SMB resellers have on average 8-10 employees (and can go up to 200). They’re small. By connecting the brands and distributors to the resellers through an improved model, the distributor can bring a suite of corporate brands to the resellers, so they have one place to go for the content and for the marketing programs. This eliminates the need to manage multiple marketing programs and demand gen programs. Essentially offering a set-it and forget-it model.
Impartner’s TCMA solution plays a critical role in delivering this service. Many SMBs don’t even have some of the basic social channels that are important to drive demand and sales. Some may only have a website. There’s no e-commerce store, there’s no Twitter feed, and they may or may not be on LinkedIn. By using Impartner, AscendX can offer customers a single centralized location to learn about the program, to embed a single set of code on their sites, and to opt in to participate – and they never have to come back again. The model and platform takes the content from the big corporate brands, syndicates it not only on the reseller websites, but through social channels, which delivers a level of demand they never would have achieved without it.
This results in the SMB resellers getting thousands of impressions and hundreds of new customers onto their websites monthly. And allows for the automation of content on social channels and follower growth (even if they didn’t have these channels previously). In 2020, 80% of the digital customer journey was online and half of Google searches were for local businesses. In the B2B tech space, customers are looking for brand information online and are looking for local resellers to fulfill those needs. This new approach helps the big brands, the distributors and the smaller resellers capitalize on that need. But the journey must be seamless for the reseller. That’s where Impartner delivers immense value.
Resellers don’t have the time or bandwidth to watch for emails or upload content. Impartner helps to automate that entire process, so it’s all done in the background. It’s refreshed, it’s current, and it’s compliant (which is a concern for big brands today). Resellers can finally be part of the digital customer journey without requiring major resources.
How are distributors and resellers reacting to this model?
Distributors are really at the center of this approach. It allows them to offer something new to the resellers. A lot of resellers buy from more than one distributor, and these distributors have teams of people that are champions for a lot of the brands and the resellers. This connective tissue helps drive that process and identify different trends or regions that might be worth targeting. Furthermore, the ability to take corporate brand content (like case studies for example) and push those out to thousands of resellers amplifies the entire demand process and drives credibility for the reseller. Resellers want this marketing support, but they don’t want it siloed through 10 different programs. They want an automated and centralized approach. Distribution can serve as the aggregator for all of that, making sure it resonates with resellers and that it’s efficient.
Interested in hearing the entire discussion with AscendX? Check out the Lessons from the Edge podinar here. Or learn more about Impartner TCMA here.
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]]>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.
As we head into 2022, Impartner is excited to announce the addition of three new members to its Channel Chief Advisory Board (CCAB), which is comprised of renowned industry authorities and SMEs well-versed in partnering trends, go-to-market best practices and forward-looking research. The new CCAB members include the head of a trade group devoted to partnerships and alliances, a well-regarded industry consultant and the founder of a global channel agency. The new CCAB members are:
Here’s a little more on each and why they are key channel thought leaders:
Meredith Caram, Chief Revenue Officer, The JS Group
Caram is a business expansion leader with experience leading diverse sales and marketing teams. She joined the JS Group, which provides guidance on strategy and execution to industry organizations that do business with partners, in February 2021. As chief revenue officer at the JS Group, Caram helps attract new business and expand the organization’s engagement with existing customers. A longtime veteran of AT&T, Caram brings both visionary sales experience and partnering best practices to each customer engagement. She’s especially keen on helping industry professionals find their inner “positive disruptor” that can help them dramatically improve success with partners.
Michael Leonetti, president, the Association of Strategic Alliance Professionals (ASAP)
A longtime pharmaceutical industry executive, Leonetti today oversees the ASAP, whose mission is to help organizations bring discipline and best practices to alliance building and partnerships. Leonetti joined the ASAP after a long career with Boehringer Ingelheim. Today, Leonetti devotes his time helping organizations and individuals alike better understand the value and demands of professional partnership management worldwide. In particular, his association offers practitioners professional development, trend analysis and peer-to-peer networking. He’s particularly motivated to help organizations adapt partnering best practices throughout their organizations, especially after leaning on partners during global pandemic.
Tom Perry, founder and CEO, Sherpa Marketing UK
Perry oversees an award-winning, high-growth channel agency that supports global companies in channel their transformation. Among other things, his company helps companies develop competitively structured and aligned strategies, management programs and measurement guidelines. Specifically, Sherpa UK provides services that help companies plan, recruit, engage, enable, grow and measure successful partnerships. In addition, Sherpa UK also offers managed PRM services to vendor organizations based on leading industry platforms including Impartner PRM. Sherpa UK has helped the likes of Lenovo, Sage, Verizon and others implement partner programs that have delivered sustained growth and improved partner satisfaction. As for Perry, he has worked in technology and channels for the bulk of his career, and is particularly knowledgeable in partner best practices, channel economics and AI technology.
New Era, New Thinking
Impartner is excited to work with these industry thought leaders, who will participate in a variety of activities with the company including podcasts, video interviews and related editorial blogs, columns and eBooks.
“As we navigate the fast-changing world of partner automation to develop new innovations for the emerging go-to-market tech stack, it’s invaluable to be able to consult and tap into the best thinking the industry has to offer,” says Kerry Desberg, Impartner CMO. “We look forward to sharing new content with input from these three industry leaders this year, in 2022 and beyond.”
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]]>The post More Than a Buzzword, “Partnercentricity” Is Back in Atop Corporate Agendas appeared first on Impartner PRM.
]]>Covid, enhanced teck stacks and new business models are driving new thinking around partner success
By T.C. Doyle
Partnercentricity is back in a big way. This time around, it’s not a platitude but a corporate priority for many instead.
If you are not familiar with the concept, “partnercentricity” is a business theory 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. While a popular buzzword, the idea caught on among some tech leaders and upstarts who leaned heavily on partners, but not all. Several trends have brought partnercentricity back to the fore. Reasons include the spread of Covid-19, the advance of new tech stacks and the maturity of new business models. Here’s why.
Covid, of course, disrupted the go-to-market strategies of organizations the world over. Seemingly overnight, selling through a broad and diverse network of business partners never seemed more important. Similarly, the rise of new tech stacks such as partner relationship management (PRM) and through channel marketing automation (TCMA) software have provided vendor organizations with tools and confidence they need to more effectively sell through partners. Then there is the maturity of once fledgling business models. Today, thousands upon thousands of new companies have found ways to make money by affiliating with vendors in any number of ways, not just product reselling.
As a result of these and other trends, “partnercentricity” is back on the minds of business leaders. To work this time around, the concept must be woven into the fabric of a company, not affixed to the side as an afterthought, says Kristine Stewart, vice president of client success and marketing at Channel Impact, a San Francisco Bay Area-based channel firm that advises companies on their go-to-market partner strategies and services. Stewart helps organizations extend efforts to elevate customer success and experiences to business partners that engage customers daily. By doing so, Stewart helps vendors and partners alike deliver superior outcomes to customers of all sizes regardless of their market, geography, maturity, etc.
A member of the Impartner Channel Chief Advisory Board (CCAB), Stewart has studied partnercentricity in depth as part of her work on partner success and transformation. Her assessment? Improving partner success and experiences hinges on a number of key factors that organizations with high-levels of partnercentricity get right. They include alignment, decision-making, business economics, product development, support and more. (For a complete list of factors, be sure to download Stewart’s thoughts on partner success and partner transformation.)
Here’s a look at three things that successful vendors must get right in order to be a truly partner-centric company.
Alignment
Here’s a quick test of partnercentricity: how close is your organization’s top channel manager to your company’s chief executive? By that I mean does he or she have a direct line of site to the C-suite? If not, that’s a potential problem. This is because channel success depends on corporate alignment — the kind that is best achieved when an organization’s channel chief has a seat at the executive table.
In many organizations that have a longstanding commitment to doing business with partners, this is a non-issue. Think Cisco in technology, GM in auto manufacturing or AmerisourceBergen in pharmaceuticals. Little wonder that these companies have organizational alignment when it comes to go-to-market business models, partner investment and product development. In such companies, everything from how products and services are developed to partner enablement to compensation is aligned to promote partner success. Channels thrive as a result.
In other instances, however, infighting, siloed-thinking and morale problems are commonplace.
From the C-suite to the warehouse to the call center and beyond, partner success depends on organizational alignment. If partner success and experiences are not among an organization’s top 10 priorities, then channels are an afterthought and will struggle to achieve success.
Economics
When asked one time if he was concerned about his partners’ inability to make money from their engagement with his company, the CEO of one of technology’s largest companies shrugged. “We have different business models,” he sniffed.
Translation: that’s their problem.
For the better of a decade thereafter, this company struggled with partner satisfaction. That is until a new management team recommitted to partnering. Among its top priorities? Leave more on the table for partners.
Which brings me to your company: do you fully understand how your partners make money with your company? And how much? Also, do you know if partners earn more with your rivals than they do with you? If not, you should.
Getting the economics of partnering right is a by-product of proper alignment (see above). But there’s more. Partner economics requires a deep commitment to strategic thinking and financial management. It also requires sophisticated analysis of business models, macro-economics and intangibles. Take ecosystem monetization.
Companies including Salesforce measure how much additional revenue partners generate for doing business with them. At many companies, the additional revenue is anywhere between $4-to-$7 for every $1 of vendor revenue partners generate. That extra amount translates into cross-sell and up-sell opportunities, consulting, training, support and more. It’s enough to thrive on, in other words.
Does your company’s products and services create such an opportunity? If not, then the amount of direct remuneration you provide must be significant to keep partners engaged.
Commitment
This last bucket includes a number of things that Stewart studies in depth in her work. Commitment translates into a number of items both large and small. Take enablement.
At companies with a mix of go-to-market strategies, competitive information shared with direct or inside sales is often not shared with partners. It’s because corporate executives fear that “secret ingredients” may ultimately fall into the wrong hands if shared with less than scrupulous partners.
On the surface the concept seems reasonable. But in practice, it puts every partner you work with at a disadvantage when it comes to your competition. Worse, it pits your partners against your own sales team.
A better way? Demonstrate your commitment by graciously sharing your best thinking, data and tools with partners. Yes, your secret sauce could fall into the hands of your competition. But by the time it does, you’ll have moved well beyond your rivals’ ability to use internal information against you.
Now consider tool sharing. Today, world class partnering requires world-class automation. So why not provide that to your partners? Put it this way: If you give your direct salespeople the best tools in the world, doesn’t it make sense to do the same for your partners? (We at Impartner certainly believe so and can show you why 78% of your peers believe PRM provides them a competitive advantage.)
Commitment comes in other forms. It includes a pledge to keep confidential information shared between you and a partner, a promise to share the customer support burdens and the spoils of a good year or quarter. It depends on thoroughly understanding partnercentricity through and through.
Can you hack that?
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]]>Managing partners and channel sales is a wonderful job, but there are some misunderstandings about the role
By T.C. Doyle
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.
No sense operating in the dark or assuming anything. Here are seven myths or falsehoods that we can dispel to help you better understand the challenges you face. In this video, which is part of Impartner’s “Lessons from the Edge” insights series, Impartner Channel Chief Advisory Board (CCAB) member Theresa Caragol unpacks commonly held misperceptions. And she would know.
Caragol is a former channel chief herself (Ciena, Extreme Networks) and, as head of the vendor advisory Achieve Unite, helps educate current channel chiefs in the tech industry on best practices, go-to-market strategies and partner education. Caragol founded Achieve Unite five years ago and has helped channel practitioners, tech vendors and other companies both large and small.
In this video, Caragol explains how to interact with executive management, what to expect in terms of turf battles and how best to set expectations. She also shares some inside secrets that even seasoned channel veterans do not know.
“Revenue is not a leading indicator,” Caragol says. Instead, channel chiefs would be well advised to invest in partner automation so they can track other key performance indicators (KPIs) that are more forward-looking, including partner logins, deal registrations and training engagement.
For more on ways partner automation can help you better understand metrics inside your channels, be sure to check out an Impartner demo today.
T.C. Doyle is the Channel Growth Evangelist at Impartner, the leader in channel management and Partner Relationship Management (PRM) technology. A journalist, book author and analyst, Doyle has worked in media for three decades. As channel evangelist, Doyle produces podcasts, case studies, e-books and more for Impartner. Doyle can be reached at [email protected].
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]]>By T.C. Doyle
Let’s be honest: some of your business partners just don’t get it. They don’t understand or fully embrace your business proposition, strategic vision or go-to-market strategy.
Some days you wonder whether they have their own agenda, right?
Well here’s a newsflash: they do. And it isn’t to sell your software or recite your sales messages as though they were performing on stage.
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.
So says Glenn Robertson, CEO of Purechannels, a global marketing and sales advisory based in the UK that helps vendors, distributors and channel partners upgrade their go-to-market programs and activities.
Robertson was among several channel experts who shared strategic insights in Channel Growth Hacking, a new, bi-monthly discussion hosted by Impartner and the JS Group. Channel Growth Hacking takes place on the second and fourth Thursday every month on Clubhouse, the drop-in social media platform.
In the inaugural Channel Growth Hacking event, Robertson challenged conventional thinking that says partners will respond positively to your message and agenda if you simply offer the right incentive. That’s nonsense, he says. In the Clubhouse session moderated by Kerry Desberg, CMO at Impartner, and Michelle Ragusa-McBain, vice president of global channel strategy with the JS Group, Robertson challenged channel practitioners to upgrade their thinking.
“If you can assume anything about your partners it’s that the majority are either unhappy with you or unmoved by pleas to sell more of your stuff,” said Robertson.
If you want to better resonate with partners, “switch your pitch” to them, he says. Instead of pushing innovation, offer business value.
“So many vendors pitch partners to sell their solutions. But the messaging and programs they lead with is all about them,” said Robertson. “Partners don’t wake up every day thinking or even caring about your marketing or lead generation program. They get up every day and ask themselves ‘who gives me best experience so I can go out and do what’s best for my customers?’”
Like other channel experts and members of the Impartner Channel Chief Advisory Board (CCAB), Robertson works closely with vendors and partners every day. Time and again he is dismayed by myopic thinking. Doing business through partners successfully requires a level of selflessness if not empathy that is lacking in the tech industry. Take partner programs.
Many vendor programs fall short due to the following:
Here’s a closer look at each, and a suggested growth hack worth considering.
Unrealistic sales expectations
Vendors with hot-selling innovations often assume partners will line up to sell their technology. They also believe that partners will agree to minimum requirements from the very start. Vendors may even believe that partners will agree to sign long-term commitments and invest in training and certification without ever closing a single piece of business. If your program has minimums, comes with one-sided contracts or includes expectations that channel partners pull their people out of the field to train on your technologies, then prepare to explain to your chief revenue officer why you failed to hit your revenue goals.
Channel Growth Hack: Every partner that joins your program did so for a reason. Chances are it was to help customers solve a business problem, not to grow their business. If you understand this first and foremost, you will understand that getting to that first sales is wholly dependent on solving those customer problems. Instead of goal setting, optimize problem solving.
Overly Rigid Program Requirements
One sales engineer, two salespeople and an organizational certification that must be updated every six months. Oh, and an agreement to perform a certain number of marketing initiatives every year, plus a promise to participate in quarterly business reviews and a pledge to hand over customer lists. If this sounds like just some of the things you expect from partners, then don’t expect to make many friends in the channel. Ditto if you lavish your best rewards on a small set of Gold or Diamond partners. For a program to work properly, it must be fair and equitable. Your program must recognize that partners have high-turnover, long sales cycles and different business needs. Inflexibility is inexcusable.
Channel Growth Hack: Offer a solution when a partner loses a top certified engineer, not a penalty. Let’s face it, tech jobs are hard to fill because top tech talent is in high demand. As a result, certified tech professionals move around a lot. That can wreak havoc on an organization that must maintain a certified professional on staff at all times. Rather than cut a partner loose when a certified professional leaves, why not offer a solution to the problem such as a program to backfill certified engineers on a temporary basis?
Feeble Automation Tools
The idea that you can run an ecosystem on a spreadsheet is woefully outdated. It’s like trying to pay a month’s worth of bills with hand-written checks. World-class partner programs run on world class tools — the kind that provide consumer-like experiences when it comes to onboarding, training and certification, enablement and through-channel marketing. With world-class tools, vendors also have access to data so they can properly plan, manage and reward partners. If partners struggle with any aspect of your program, you will earn a reputation for being difficult to work with. That’s a kiss of death in the channel no matter how innovative your solutions are.
Channel Growth Hack: You didn’t hear this from us but it pays to understand where you stand in terms of best-in-class in your market category. Before you launch your next program, take the time to research who prospective partners think is best-in-class when it comes to partner automation technology. Then find out which of your competitors are using partner automation software. If you think you can compete without proper tools, you’ll be sorry later.
Poorly though-out out economics
Chances are you have calculated the ROI you get on every deal you close. But have you done the same for your partners? Moreover, have you asked yourself whether the amount of money you earn from the efforts partners on your behalf is commensurate or at least fair with the return they enjoy? These are serious questions that beg for honest answers. Even top tech companies struggle in this area. There were times that Microsoft and Cisco did, for example. Other vendors are today. Whenever financial returns are imbalanced, partner satisfaction falls precipitously.
Channel Growth Hack: Before launching any initiative, program or promotion with partners, ask yourself where the money is in it for them. If you cannot see it, they surely will not find it. Partners are too busy to follow breadcrumbs and too wise to believe in promises. Show them the money.
In business, that’s akin to showing them you care.
You can start by putting empathy into your expectations, your policies and guidelines, your tools and technology, and your economic plans, too. As Ragusa-McBain says, “your partner program is a reflection of how you see the world. Show partners your best.”
For more Channel Growth Hacks, be sure to tune into Clubhouse every second and fourth Thursday of the Month. Each week, you’ll hear from channel experts like Robertson, including:
One hour for a years’ worth of wisdom from leading business experts? That’s a fair exchange any day.
Now do yourself a favor and see what world-class automation tools can do for your business. Sign up for an Impartner demo and gauge how well your partner experiences compare to your competition.
T.C. Doyle is the Channel Growth Evangelist at Impartner, the leader in channel management and Partner Relationship Management (PRM) technology. A journalist, book author and analyst, Doyle has worked in media for three decades. As channel evangelist, Doyle produces podcasts, case studies, e-books and more for Impartner. Doyle can be reached at [email protected].
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]]>The post Three Steps to Winning Your First 30 Days on the Job appeared first on Impartner PRM.
]]>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.
Follow the steps below and you will absolutely win your first 30 days on the job.
Before you begin, keep in mind that everything that follows is designed to help you and your organization develop something called a Vision, Strategy and Execution (VSE) framework for channels.
If you’re not familiar, a VSE is essentially a plan for helping professionals like you identify where you want to go, how you can get there, and what specific steps you can take along the way.
If you were planning a vacation, you might think of your Vision as your destination, your Strategy as your budget and travel plans, and your Execution steps as your dates of travel, transportation details and daily agenda.
Your vacation VSE, in other words, could be the following:
Before jetting off to Rome or anywhere else, let’s get you started on your new channels job. (For a complete roadmap, don’t miss our “Definitive Guide for New Channel Chiefs.” It’s designed to help you define a VSE for understanding, planning, and executing steps that will increase your probability of achieving success in your first 180 days.)
To help you defy expectations in your first 30, we recommend the following:
Step One: Familiarize yourself with the surroundings
While the preceding might sound obvious, you’d be surprised how many executives fail to prioritize this important step. Eager to get started quickly, headstrong leaders do not take the time to thoroughly understand their company’s products or services, it’s go-to-market strategies and competitive challenges. A good place for you to start is with your own executive management team. Get on the calendar of your leaders quickly. This includes everyone who has influence if not responsibility over sales, finances, product delivery, marketing and customer service. In between meetings with your organization’s leaders, pore over your company’s website. Study your company’s language and learn its taxonomy. Also take note of how often it communicates with the outside world and how.
If you don’t take these steps within your first two weeks, you could have trouble later getting buy-in for any programmatic changes that may be required. What is more, taking the time to familiarize yourself with your company’s history, deliverables and culture will go a long way to helping you understand the types of partners it engages, the programs it offers and the receptivity they enjoy in the market.
Bonus tip: Take note of little things. Do employees lock their doors or office desks? If so, that could be a sign that your company has trust issues. Do people leave food containers in conference rooms? That could be a sign of arrogance. Even little things convey insights. Monitors with Post-it Notes filled with passwords can indicate a lackadaisical attitude about security. Unused videoconferencing equipment collecting dust in a corner could suggest a lack of follow-though on initiatives.
Step Two: Gauge the strength of your team and its expectations
After you fill out HR forms and introduce yourself to your new team, you’re going to want to get a sense of its strengths and weaknesses. A review of past performance appraisals will offer some insights, but you’re likely to get a better understanding of team member capabilities by reviewing their recent performance. Find out what their individual goals are, and how they are compensated.
Also, ask them about their levels of satisfaction, stress and motivation. Make sure to ask if any team member applied for your job and whether any team member is currently looking for another position elsewhere. If you get the sense that there is widespread job dissatisfaction among your new team, recognize that team members may not see you as an agent of change but a supporter of the status quo, instead. In such cases, it’s best to set realistic expectations and not over-promise.
Another management must: determine the level of truthfulness and candor of your team. From the start, you’re going to want to know what’s working and what isn’t. If your team has been conditioned by punishment to avoid the truth, then overcoming your challenges will be doubly difficult. You must foster a safe environment where the good, the bad and ugly are treated with equal respect.
Bonus tip: With Covid-related lockdowns coming to an end, workplace norms are once again likely to change. Set workplace guidelines quickly but take into account that some personnel disruptions are likely to outlive the pandemic by quite some time.
Step Three: Learn the tools you have and what your industry’s best relies on
If you believe that this three-step plan is another take on people, process and technology assessment, then congratulations; it is — albeit localized to channels and channels management. So let’s turn to technology and automation used to help manage, enable and reward partners.
Not long ago, partner management was more art than science. But those days are gone, say leading market experts including Jay McBain, a technology industry analyst who studies channels at Forrester Research. Among other things, McBain tracks investments world-class organizations make in partner automation platforms. His assessment: “Ecosystems don’t run on spreadsheets.”
Instead, they run on world-class partner platforms that automate everything from onboarding to training and certification to through channel marketing. More than three-quarters of those who have invested in world-class partner automation platforms say their organizations enjoy a competitive advantage as a result. And nearly a third say that have enjoyed revenue growth since adopting a partner relationship management (PRM) platform.
Which brings us to your company: In your first 30 days, immerse yourself into the tools your team uses. This includes the portal your company expects partners to use. Take a tour for yourself and pay close attention to the signup, onboarding, accreditation and marketing experience. Nothing you do to familiarize yourself with your organization will help you understand your partners’ journeys better than using the very tools you provide to them.
Bonus tip: In a lobby display case or executive suite somewhere is a piece of crystal glass or wood plaque that your company gave to its “Partner of the Year.” Make an appointment with that company and ask its top executive if you are their best partner. If not, ask why. Pay particular attention to what they say about automation and ease of doing business.
Follow these three steps and we believe you will be closer to developing your channels VSE. When you’re done, don’t forget to check out our complete 180-day guide.
We don’t promise that this three-step plan will lead to a suite at the Hotel Hassler Rome. But if it does, we promise to send you a bottle of bubbly on us.
In the meantime, good luck in your first 30 days. Be sure to check out the free insights and thought leadership on channels and automation that Impartner provides. You’ll be glad you did.
T.C. Doyle is the Channel Growth Evangelist at Impartner, the leader in channel management and Partner Relationship Management (PRM) technology. A journalist, book author and analyst, Doyle has worked in media for three decades. As channel evangelist, Doyle produces podcasts, case studies, e-books and more for Impartner. Doyle can be reached at [email protected].
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]]>Don’t miss go-to-market strategist Theresa Caragol highlight new channel dynamics transforming partnering today. Theresa is a member of the Impartner Channel Chief Advisory Board (CCAB). The CCAB is a group comprised of top channel thought leaders, analysts and consultants who each have decades of channel experience and insights to contribute to channel best practice discussions.
Thank heavens for partners.
That’s what a lot of business leaders must be thinking today, more than a year after the global pandemic shut-down workplaces everywhere. When Covid-19 upended our world, millions of business leaders scrambled to adjust. Many fast-tracked digital transformation projects. Others tossed five-year plans or recalibrated policies to support work-from-home (WFH) initiatives.
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. Like never before, partners were literally the eyes, ears and feet on the street that many vendors depended on. Thanks in part to partners, vendors mitigated business disruption and enjoyed surprisingly strong customer engagement.
The results speak for themselves. Take the IT industry.
Though the technology industry as a whole shrunk in 2020, partner-centric companies including Microsoft, Cisco and Datto fared well during the pandemic. Microsoft, which relies on partners for more than 90% of its sales, posted record sales and earnings in 2020. Datto, meanwhile, saw full-year sales jump 10% over 2019 and subscription sales increase 16% year-over-year.
Even sales through distributors, a more mature segment of the tech channel, demonstrated resiliency in 2020. In Europe, sales of IT products and services through distribution grew 7.3% in 2020 compared to 2019, according to CONTEXT. In the U.S., sales through distribution matched 2019 results, despite pandemic-related product shortages, business interruptions and economic challenges, according to NPD Group.
Which brings us to your company: If you oversee or work in channels and partnering, then be sure to tune into our friend Theresa Caragol’s April 8 online presentation, “The Ultimate Guide to Building a Channel in 2021.” Caragol is the founder and principal analyst with Achieve Unite, a Washington D.C.-area consultancy that helps vendors optimize their channel programs and strategies. She is also a member of the Impartner Channel Chief Advisory Board (CCAB).
In her exclusive presentation for Impartner, Caragol will share her insights on key channel trends Impartner believes are transforming partnering. This includes industry economics, technology and management strategies. Again, take the tech industry.
Today, nearly half of channel partners are undergoing a digital transformation themselves as they rebalance their technology portfolios and overhaul their business models. The latter has significant implications for vendor companies. Just a decade ago, for example, channel partners in tech looked to vendor commissions and rebates for much of their profits. Today, this is no longer the case, according to CompTIA, as partners embrace new business models that prioritize the sale of digital services and consulting.
That’s not to say partners don’t want financial help from vendors; they do, obviously, but one that comes in a predictable and manageable fashion. Which brings us professional automation.
Channel building today depends on world class automation that can help vendors with the management and disbursement of marketing development funds (MDF), partner onboarding and enablement, and so much more. With advanced automation, vendors have the following at their fingertips:
If your company does not have this information readily available, you’re likely competing with one arm tied behind your back.
Finally, there’s partner management, which is also evolving — from an art to a science. Thanks to automation, partner management is more metric driven, more scientific and more equitable than ever. As a result, it’s more human, too.
So how can a partner program manager or channel chief keep abreast of all the changes happening simultaneously? Caragol suggests thinking in terms of what Achieve Unite calls the five “Ps” of channel development. Each one triggers a distinct question to ponder:
One you’ve thought through these issues, you’ll be on your way to start building your channel. If you’re wondering where to begin, don’t miss Achieve Unite’s “The Ultimate Field Guide to Starting a Channel.”
The channel can be a tricky thing to navigate. But we’ll always be here to help guide you.
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]]>The author of this piece is Peter O’Neill, Research Director at Research in Action which is an internationally recognized powerhouse for their core strength in Marketing and IT Automation.. He is also a member of the Impartner Channel Chief Advisory Board (CCAB). The CCAB is a group comprised of top channel thought leaders, analysts and consultants who each have decades of channel experience and insights to contribute to channel best practice discussions.
In my activities as an industry analyst, I talk to many B2B companies about partner automation systems and the discussions are always focused on how to recruit, categorize and generally manage their partners.
Basically, the focus is on partner relationship management. This is because most organizations continue to think of various channel partners – be they agents, distributors, influencers, resellers or eCommerce aggregators – as serving a pure distribution function for their organization. While they do often share product marketing content with these partners, it’s merely because they want to ensure that their own brand is well represented, as well as trying to govern how products are presented to customers.
But that’s only half of the partner automation story…
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. This concept of through-channel marketing automation (TCMA), sometimes called local or distributed marketing, is the practice of engaging channel partners to extend and amplify a firm’s marketing campaigns and activities. And for those willing to invest, it can be incredibly powerful.
But why set up a TCMA program? Here are two key considerations:
TCMA is slowly being adopted across the technology industry where marketing automation investments have started to become the norm (I’m seeing it first-hand). But I also notice interest in other B2B industry sectors as well. All companies want to onboard new partners more quickly. They also want to scale partner marketing efforts and build partner loyalty, leverage partner’s promotional efforts to amplify their own marketing efforts and maintain corporate brand integrity. TCMA gives them new levels of visibility into channel marketing performance.What functions does a modern TCMA system support?
Syndicated content with agile control over messaging – Content syndication in TCMA is the ability to create a content feed for the channel partner’s website keeping authorized content in synch, effortlessly, with the manufacturer. In fast changing industries (like technology) or regulated industries (like financial services or health care) the ability to implement change quickly, but with complete control, is a key imperative.
If the benefits are so clear, why is there not more investment in TCMA?
My observation is that the main hurdle to realizing these benefits is based on organizational challenges. The word ‘channel’ is unfortunately used in marketing departments to mean communication channels and so the business partner channel is often neglected or overlooked by marketing. It’s often the case that many CMOs don’t even think of business partners in the context of a marketing channel. And many organizations still manage their business partners from within the sales organization, so marketing doesn’t feel responsible or empowered.
Once you’re ready to start your TCMA journey, how can you help ensure that the initiative will be successful? Here are some quick tips based on the projects I have seen:
Peter O’Neill is a research director at Research in Action, a leading independent technology research and consulting company. He is also a member of the Impartner Channel Chief Advisor Board. Read more about Peter here or contact him at [email protected] or [email protected]
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]]>If we opened your shirt drawer and found perfectly folded shirts row after tidy row, chances are you’re one of the millions of people that tuned in to Netflix’s hit show Tidying Up with Marie Kondo and suddenly felt the urge to organize your closet. We might not be a celebrity tidying consultant, but we want to share a few tricks on how to declutter and spark joy in your channel program. Gina Batali-Brooks, President and Founder of IsInspired and Impartner Channel Chief Advisory Board member, joined Impartner CMO, Kerry Desberg, on our latest podcast discussion from the Build a Better Channel series and she explains how the principles of a popular house-organization television series can be applied to giving your channel partners a better experience. Several of the concepts that Marie Kondo uses really make sense, even for your channel partners. Below are the five tips on how to Marie Kondo your partner experience:
Commit to Being Tidy
If you think about tidying up and committing to tidying up, people are really starting to look at how you optimize your partner experience. It’s not a short-term fix, it has to start being built in the fabric of how you’re working with your partners. And so, committing to tidying up really means, putting in place the supportive infrastructure that you need over time. Similar to a publishing governance body, trying to move the publishing date of content closer to where it’s from or where it’s being developed, but then being able to say how do you make sure that it’s going to be relevant to the readers? How do you make sure that you’re getting rid of stale content or stale data over time? You really need to make sure you’re committing to being tidy and as well as tidying up for the long haul.
What do you want your Partners’ Experience to Look Like?
Imagine your ideal partner experience and truly put yourself in your partners’ shoes. Think about simple tasks like occasional onboarding as a new partner, you need to have an understanding of what that experience looks like and remember to talk to your partners about what their experience was like for them. Talk to your partners about the vendors they’re working with, think about all of their systems and then you think about all of the vendor systems that they have to know, all the logins, and all of the steps. Take the time to evaluate and think about a partner’s journey; for example, utilizing single sign-on solutions or integrating any tools that might create a better experience. Thinking about it from the partners’ perspective will really help you understand what your partners deal with on a day-to-day basis and will help you create a better partner experience for them within your partner ecosystem.
Focus on Discarding Before you do Anything Else
Marie Kondo says, “Just envision what you’re trying to move to and then finish discarding first.” She advises viewers to discard by category and not by location. So, if you think about discarding data, what is the data that you really need, and what is the data you’re going to get rid of? Looking at it holistically across what you need from a partner and not just what you’re going to need for the portal for instance. If you look at it more holistically, spending time discarding before you decide where it’s going to go and making sure everything has a place to go into. When you’re combining what you’ve learned about your partners and what you’ve envisioned for the partner experience with what you’ve done from discarding, you’re going to put those two things together to make them all work in your channel program.
Does it “Spark Joy” in your Channel?
What you hear most often from partners is that they don’t like doing something because they know it is going to be a hard process and they want a simple process that is consistent. You need to give partners what they want, provide easy solutions, and create simple partner journeys. So, to take a lesson from Marie Kondo, just ask yourself, “Does it spark joy?” For example, if you’re going to a partner portal and you’re going through an onboarding process, and if it’s an email coming into your inbox, you want your partners to respond with excitement or joy and not drudgery. Implement partner personas, implement new processes based on partners’ experiences and partner satisfaction, and improve and remodel your channel. Create a meaningful experience for your partners in your channel and optimize your partner experience so that every process and every piece of content shared sparks joy for your partners.
Practice Gratitude
It’s hard not to fall in love with Marie Kondo because she is incredibly grateful, she thanks the house for what you have over your head, and she thanks the people she works with. Practicing gratitude can be challenging when you think of all the problems that are sometimes present in your channel, but when you take a step back, you might realize that you actually have a lot of good things going on as well. Don’t forget to be grateful and practice gratitude for what you have. Often, we talk to partners on behalf of our customers and you talk to the partners and they think they have all of these major issues or they’re doing things wrong. Encourage your partners, express all the great things they do well, and take the time to show your gratitude for their hard work.
It’s time to reimagine your processes and think about how you can declutter your partner experience and simplify it. Create bite-sized plans along the way that allows you to reach your goals, measure your success throughout the journey, and know where you’re going. If this blog post sparks joy, listen to the full podcast with Gina Batali-Brooks, President and Founder of IsInspired and Impartner Channel Chief Advisory Board member. Tune in to the Build a Better Channel series and don’t miss an episode!
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]]>With so many variables that have surfaced in 2020, everyone is talking about what is going to change and how they need to adjust. Whether or not you’ve adapted and pivoted to the new normal, often times the fundamentals that need to remain the same regardless of market conditions are overlooked. Patricia Rush, President of Rush To Channel and Impartner Channel Chief Advisory Board member, joined Impartner CMO, Kerry Desberg, on our latest podcast discussion from the Build a Better Channel series on how to fortify your channel program for any obstacles that may come in the future.
Now more than ever, it is important to keep up with trends and continue to adjust, adapt and connect. So much of the conversation in the marketplace today is about what’s changing because of the pandemic, however, the foundations that really make a channel organization run well are things that don’t change, shouldn’t change and won’t change. Listen to the full podcast with Patricia Rush, President of Rush To Channel and Impartner Channel Chief Advisory Board member. Tune in to the Build a Better Channel series and don’t miss an episode!
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]]>The author of this piece is Peter O’Neill, Research Director at Research in Action, which is a leading independent technology research and consulting company providing both forward-looking and practical advice to enterprise as well as vendor clients. O’Neill is also a member of the ImpartnerChannel Chief Advisory Board (CCAB). The CCAB is a group comprised of top channel thought leaders, analysts, and consultants who each have decades of channel experience and insights to contribute to channel best practice discussions.
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:
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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]]>The author of this piece is Michelle Gunter, EVP at Partner Perspectives which is a full-service channel consulting and enablement firm which guides companies in launching channels, expanding existing ecosystems and developing new ways to improve channel performance. She is also a member of the Impartner Channel Chief Advisory Board (CCAB). The CCAB is a group comprised of top channel thought leaders, analysts and consultants who each have decades of channel experience and insights to contribute to channel best practice discussions.
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:
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”
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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