This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
These days, we’re hearing how many partner/channelmanagers feel pressure to drive sales directly. Traditional Partner/ChannelManager In the traditional role, a channelmanager was a business consultant. Classically, the channelmanager focused on sales account planning with partners.
As more companies today leverage partners as a vital component of a go-to-market strategy, having world-class channelmanagement is more critical than ever. Your channel efforts need to focus on how you will win with partners in a competitive context. The six disciplines of channelmanagement. The bottom line.
As more companies today leverage partners as a vital component of a go-to-market strategy, having world-class channelmanagement is more critical than ever. Your channel efforts need to focus on how you will win with partners in a competitive context. The six disciplines of channelmanagement. The bottom line.
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.
Introduction Effective channelmanagement is essential for companies looking to expand their market reach and drive revenue growth in today's competitive business landscape. This comprehensive guide will give you an in-depth understanding of channelmanagement, its core disciplines, and best practices.
Top Management Secrets IT Sponsors Must Know. Channelmanagement is an important term that IT sponsors should know and understand. Successful IT vendors not only have the best information technology solutions for today’s businesses. A Comprehensive Definition of ChannelManagement.
Are you ready to help make your channelmanagers as beloved by their partners as their favorite rock stars? Just imagine the cheers and the concert lighters (or concert lighter apps) glowing in adoration for your channelmanagers as they roll into your partner’s offices for business planning , scorecarding and QBR work-sessions.
Impartner, a pure-play global leader in SaaS-based channelmanagement solutions, announced a $50 million funding round last week, suggesting a bright future for channelmanagement sales. ChannelManagement Drives Success. Travel sites like Expedia and Hotels.com are becoming more important.
Many channel partners work with multiple vendors and have access to numerous products or services. A successfulchannel program has many elements that work together. Developing meaningful engagements for your partners will move your program forward and set you up for long-term success. Avoid Outsourcing.
With 64% of sales going through the channel * , a PRM solution has become as fundamental a business tool requirement as your accounting or CRM solution. Can you run a channel without one? Don’t Manage a Process, Manage your Growth. For a time maybe, but the opportunity costs add up quickly. Want to know how?
Rethinking Digital Transformation for Channel Partner Success. SuccessfulChannel Partner Leveling Requires Trust and Verification. 10 KPI’s for Today’s Channel. What Does Channel Partner Success Look Like? These Channel Business Metrics Offer Clues to Better ChannelManagement.
Consolidated Channel Dashboards are as Rare as Some of the Greatest World Treasures: Channel executives have been searching for solutions to provide comprehensive dashboards for their partners and channelmanagers for many years unsuccessfully. The search for the ultimate partner performance dashboard is finally over.
Most channel organizations do not take partnership business planning seriously , and provide tools and processes that are too time consuming, too hard to do well, and are not very helpful for partners or channelmanagers. Why Many Partnership Joint Business Planning Processes Fail, and What is Needed for Success.
Introduction Effective channelmanagement is essential for companies looking to expand their market reach and drive revenue growth in today's competitive business landscape. This comprehensive guide will give you an in-depth understanding of channelmanagement, its core disciplines, and best practices.
2021 Channel Predictions. Channel Prediction 1: Adaptability Pays. For the foreseeable future (at least through to the second half of the Current Year), we can expect that channelmanagers and executives will stay grounded. And of course most employees will continue to work from home.
The highly successful Singer Sewing Machine channel strategy taught us that a commitment to partner life-stage activation, management and measurement will yield much greater partner satisfaction and commitment levels. Here are a range of tools that are inspired by the Singer Sewing Company channel strategy.
Why Channel Investment Management Has Been So Hard in the Past. 1) Lack of Easy to Manage Planning Process: Partner business planning, marketing planning, and performance management is frequently conducted using PowerPoint, Word, Excel, Google Docs, or on simple webforms provided in PRM systems.
In our work with partner programs of all sizes and configurations, we have been asked how to accomplish many things within our Partner Relationship Management (PRM) solution. Our experience has revealed a handful of best practices that will help you build a successfulchannel program and avoid missteps.
It’s just as important that channelmanagers can identify which partners will be the next star performers based on either revenue or profitability. Incentives are also a big part of driving success behaviors. Rethinking Digital Transformation for Channel Partner Success. It is, nevertheless, a balancing act.
At SuccessfulChannels, we know that channelmanagers and partners that build plans using our professional, guided, and integrated joint planning & QBR tools generate between 10-25%+ growth vs. prior year.
The channel is changing faster than ever and the same is true for partner relationships. Avoid costly missteps within your channelmanagement efforts by understanding your unique strengths and weaknesses while evaluating the competitor’s business proposition.
Channel organizations that are motivated to get their team to the next level of capabilities and commitment to their brand, have adopted a range of enablement tools from SuccessfulChannels to put these best practices into action.
Though already a notable CIM solution, Fielo’s acquisition of leading channelmanagement software provider Gage Marketing in October 2021 makes the vendor a force within the industry. Gage’s Channel Performance Suite offers a bundle of tools for marketing, rewarding, and educating partners.
Strategic financing to further accelerate Impartner’s position as a channelmanagement technology platform leader. We are thrilled to be working with Golub on this funding to amplify our customer success resources and ensure we set the pace for innovations that help companies navigate this challenging market.”.
Don’t be afraid to push your channel infrastructure vendors to creatively approach the use of their tools to address the business need and constantly evaluate the new tools that are available in the ChannelTech marketplace. Four Tools to Help ChannelManagers to Build Deeper Personal Relationships with Their Partners.
From managing partner relationships to ensuring consistent branding and messaging, companies face numerous obstacles that can impede successsuccessfulchannel marketing strategy. In this blog post, we’ll explore the most common challenges in B2B channel marketing and offer strategies to overcome them.
This alignment aspect is the key to a successfulchannel incentives program. Don't commit the biggest danger in channelmanagement. In short, setting your partner up for success helps you achieve success. The step beyond this is incentivizing the field members.
If you buy one of their refrigerators from Lowe’s, then you are buying from a sales channel of GE. Product Features That Boost Sales Success. Channel sales can serve as a powerful marketing and sales strategy for your product, service, or solution. However, the degree of success may depend on the item you are selling.
One-click QBR exports allows for more frequent and more effective partner performance management How Can you Tell if You Need Better Partner Business Planning in your Organization? CAMs: Do you have channelmanagers in your organization? Bus Plan: Do you conduct partner business planning and QBRs today (or want to)?
Channel partner programs play a vital role in business growth, enabling companies to expand their reach, increase sales, and enhance customer experience. But creating and managing a successfulchannel partner program requires a well-thought-out strategy, excellent communication, and ongoing commitment from all parties involved.
ChannelManagers are the Key for Opening Up the Shadow Channel for Brands. ChannelManagers hold the keys to the kingdom in the rapidly evolving traditional and shadow channel market. A channelmanager’s role must be a business advocate for their partners.
A partner business plan is a key component of successfulchannelmanagement — getting and keeping your partner on track. In this post, we’ll review what partner business plans are and how to institute a business planning process that keeps your channel program running smoothly. But what goes into a partner business plan?
Channel partnerships will never be the same – Introducing the One-Click Quarterly Business Review Report Builder: Managingchannel partnerships just got infinitely easier for channel executives. These problems have now been solved.
The problem is that most partner business planning processes are too time consuming, not integrated with data, and not very satisfactory for either partners or channelmanagers. Number ten on the list above, joint annual go-to-market planning , is an excellent way to organize the partner engagement and commitment development.
When it comes to enablement, the most successfulchannel organizations tend to do the following: 1. What are the 5 Core Principles of Excellent Partner Enablement? Dedicate Resources to Enable your Partners Partner teams are notoriously small, so dedicating a whole resource to enablement is a big ask.
5 Core Principles of Excellent Partner Enablement When it comes to enablement, the most successfulchannel organizations tend to do the following: 1. Dedicate Resources to Enablement Partner teams are notoriously small, so dedicating a whole resource to enablement is a big ask.
Regardless, channel partner programs are a proven, excellent source of revenue and market growth; however, like everything else, they bring new risks, complexities, and operational challenges and often fail with poor execution. To accelerate engagement with channel partners, bring them a lead(s) as you start executing the partnership.
The questions that channel executives ask themselves are: Is it worth doing? What is the value for the partner and/or channelmanagers? Can I get the rollup reporting to measure channel performance at all levels? Because it is hard work, inefficient, and hard to measure.
Key Features of Next-Gen PRM Advanced Automation Next-gen PRM automates time-consuming tasks such as partner onboarding , lead distribution, and incentive management. Automation reduces errors and frees up channelmanagers to focus on strategy and relationship building.
In an effort to get what they need, they reach out to sales, marketing, channelmanagers, you name it. Not to toot our own horn, but the PRM he chose was Channeltivity a partner portal with everything you need to run a successfulchannel program. Not having a portal causes so much confusion, George points out.
We organize all of the trending information in your field so you don't have to. Join 61,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content