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Managing relationships with channel partners can be a challenging task. Channelmanagers are responsible for ensuring that partners have the resources, support, and tools they need to succeed. That’s where Partner Relationship Management (PRM) software comes in.
Partner ecosystems are growing in popularity, with almost a third of total global sales predicted to come from ecosystems by 2025, according to McKinsey. In previous articles on channel partner management , weve covered the partner ecosystem phenomenon and how programs can develop a partnershipecosystem framework.
Partner ecosystems foster faster and more effective co-marketing and co-selling. Partner ecosystems present another route to customers and more sales. Partner ecosystems create more complete solutions through purpose-built integrations. Partner ecosystemsintegrate the partner program with the provider company.
Product Focus: Align partnership initiatives with product development and launch strategies to drive product adoption and market penetration. Customer Success Integration: Integratepartnership initiatives with customer success efforts to enhance customer satisfaction and retention.
Tiered partner programs are a proven channelmanagement strategy for identifying top performers and prioritizing resource investments to nurture the most productive and strategic partner relationships. Not an easy ask. Some are influencer or retention partners, for instance.
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