Channel / Partner
Program & Stratgy
Lab7X Business & IT Consulting
This is a major investment so don’t waste time on partners that can’t bring value to the customer.
- Define the attributes of the ideal channel partner.
- Define your partner capacity and decide how many partners you will recruit
Let’s resolve your company’s challenges together
Define your value proposition
- It determines whether people are interested in learning more about your solution
- Define customers’ gains and pains
- Compare your value proposition to competitors and ensure that you stand out.
- Understand your market, alternatives and competitors
Create Customer Centric Sales Process
- Define customer purchase process
- Define your process
- What actions needs to be taking to close the deal
- Create sales tools to help you close deals
Study and Analyze Competitors Partner Program
- Understand your competitors partner programs
- Understand the relationship with their partners
- What type of partners do they target?
- How is their program constructed?
- What are the main benefits for the partners?
Define Type of Partners –Partnership is all about building value for your customers!
- Customer value is key! Every partner must bring a value to the customer
- What type of partners do you want to have a relationship with?
- How can they be defined as? (i.e., Distributors, Re-sellers, Value Added Re-sellers, Technology Partners, OEM, etc)
- What value do they bring to the customer?
Partnership Success Factors and Measurements
- Define how you can support the partners’ sales process.
- What are the critical factors? Is it a Proof of concept? Good support? Pricing structure? Great project management?
- What motivation drivers and elements can you implement in your partner program?
- Define the elements in more details – e.g., Lead generation will be distributed to partners (thus scaling your business growth), Support (access to papers, presentations, videos, forum, etc.),
- Define KPIs to measure performance then refine and optimize
Define Responsibilities and Expectations
- Focus on the customer experience and define all activities and categorize them
- What do you expect from partners?
- What partners expect from you? Example, pre-qualified lead, post-sales support, training and certification, access to demos and presentations, how to create targeted solutions
Define Program Levels and Framework
- Most partner programs have different levels – can be used as a motivational tool for achieving higher levels and gaining more benefits
Build Internal Capabilities and Systems to support the program
- Integrate your program into your current CRM system
- Develop all marketing material to support the different levels of the program
- Educational platform to mitigate internal resource utilization and support educating partners
- Other documentations – legal agreements, partner program operational plans, partner selection matrix, etc.
Partner Selection Strategy
Example of Brendel’s list of selection criteria