Best Practices Articles
8 Essentials For Staying Relevant to Your Channel Partners -base
Whether you are at an early stage of building your channel partner network or already have a mature network, the one question that you should never stop asking is - do I really matter to my channel partner? This is probably the most important question for a channel organization seeking to be and remain truly relevant to their partners. It is certainly implied (so we won't discuss here further) that you have a competitive product or solution for your partner base to resell and make margins on and potentially attach services on top of your products and solutions, but that's only the foundation of your relationship with your channel partners. The question is how do you stay in the game and build your relationship forward?
In any relationship, you can’t bask in the status quo forever. You need to keep bringing more to the table to stay relevant and interesting, and this applies particularly to the IT channel. If your organization doesn’t constantly update the ways it helps channel partners stay competitive, agile and relevant to their customer base, then it’s time to take a serious look at your partner relationship management programs and processes. So, how can you find out how genuinely relevant you are to your entire partner base? For a start, companies commonly tend to ask - or more formally survey - their channel partners to find out how they’re doing, and that’s where the disconnect starts. Guess who tends to respond? Those are the top tier channel partners, who offer more and want more from their vendors and, maybe, a few disgruntled channel partners who have a specific point to make. This leaves the voice of the majority of your partner base completely unheard; this is where opportunity is lost. We have surveyed thousands of resellers world wide on behalf of numerous vendor clients. Countless times, we’ve asked channel partners what is important to them and what elements of a vendor program they consider crucial to re-establishing and continuing a relationship with a vendor – assuming that the vendor remains potentially relevant to their business. From our research, we have identified eight core success factors, some organizational or pragmatic and some less tangible, but all key to ensuring you stay relevant to your partner base. In this article, we’ll talk about the three requests that are constantly top of channel partners’ wish lists.- High Quality Technical support- Above all and no matter what else you do for your channel partners, the number one item is, always, is how good is your technical support? Whether pre-sales or post-sales, your expert support is essential to enable channel partners to troubleshoot technical issues from a complex deployment to application integration, and come across as knowledgeable, dependable and reliable to their customers. This is critical in order for the partner to be able to grow the relationship with their customer base. Vendors don’t always remember that channel partners don’t work for you; they work for their customers. So, if you help them to win with their customers, you’re off to a great start.
- Lead flow- Partners have growth goals, and they need to know how you will help them build their business. You would never expect your direct sales team to generate leads on their own, so isn’t it a bit unfair to expect your channel partners to generate leads on their own? We hear so often from our vendor customers that they are frustrated with their channel partners not generating enough leads on their own. Let’s be realistic. There’s a reason why they’re called resellers, not re-marketers.
- Sales Assistance- Channel partners look to their vendors to provide them with the means to present themselves as experts to their customers. That includes thorough sales and technical training and full sets of sales tools, including product demos, cheat sheets, battle cards, technical guides and more. Today most vendors provide all these tools but not necessarily in an easily accessible way or all in one place.
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