When you invest wisely in your channel partner community, you can expect to see gains in both revenue and partner loyalty. The trick is knowing the best place to allocate your resources.
Your channel partner community is an extension of your company and should be provided the same resources to attract prospects and close deals as your inside sales and marketing teams. The more prepared your channel partners are to sell your product, the larger the revenue you can expect from them. Here we break down some common pain points channel partners in the technology industry experience today.
The primary trends within channel marketing circles are for companies to be more involved with their channel communities and to provide better sales and marketing support. Partners tend to be more engaged and successful when companies take an active role in supporting their efforts.
Channel partner management is all about aligning products, sales and marketing to create a strong channel community that drives business, delights customers and provides value to all parties. Channel partners can be a tremendous asset, enabling your company to reach niche markets while acting as an extension of your internal sales team. This relationship only works when each aspect is aligned and partners receive the support needed to make sales.
One of the central aspects of growth in 2019 is having not only a valuable and unique value proposition, but a dynamic and well established chain of partners that connect your product to your current as well as potential customers. Your channel of value added resellers and distributors can be the determining factor of building your brand from a small business to a large or even enterprise level company over time. Examining the current successful companies with channel partners which were crucial to their respective success stories is a great place to begin your research for building and planning your channel. There are 3 distinct elements which are present in a robust alignment of channel partners, and they should be at least considered before building yours.