2. 2
Historically
“Go get 'em!” mentality
Collateral sheets and a pat on the back
Ad builder
The Problem
Partners do not have resources to effectively market
Untapped potential
Measurability falls off a cliff
1. EXPECTING PARTNERS TO MARKET THEMSELVES
3. 3
New Standard
Marketing storefronts
Smart services and content for lead generation
ROI calculators
Syndicated product info and social content
The Benefits
Campaign execution
Access to verifiable, meaningful campaign success metrics (click tracking, site visits, etc.)
More leads = more sales
OFFERING TOOLS TO MARKET FOR PARTNERS
4. 4
Historically
Disjointed channel systems
One-offs built by different administrations
Portal sprawl
The Problem
No big picture view –systems don’t talk to each other
No evolution over time
Weak partner experience –multiple logins, dispersed data
Operation overhead and headache
2. SILOEDCHANNEL SYSTEMS
5. 5
Demand Gen
Demand Gen Center
Event in a Box
Website in a Box
SEM
Partner Ready Campaigns
Social Media Syndication
PORTAL SPRAWL
Vendor Site
Admin Portal
Beta Program Portal
Beta Program Mgmt
eStore
SR Viewer
Partner Eval. Portal
SCA Portal
ISV Portal
Custom Site
Partner University
Parter U. TV
Partner U. Virtual Platform
Marketing
CommTrack Tool
Email Campaign Tool
Partner Logo Builder
PEX
PEX on Tour
Partner Mkt Bureau EMEA
Partner Mkt Bureau APAC
Partner Mkt Bureau NAM
Incentives
Partner Reward Mgt
Parter Sales Rewards
Sales Tools
VPP Portal
Renewals Central
Solutions Opp. Calculator
ROI Calculator
Prospecting Days
Operations
CIP Finder Tool
Compliance Portal
SFDC 2ndInterface
VSX Portal
Partner Central
My Vendor Portal
6. 6
New Standard
Unified and integrated channel offering
“Single pane of glass“
Benefits
Complete View
One place to look
End-to-end dashboards that guide and energize
UNIFIEDCHANNEL SYSTEMS
7. 7
Historically
Payments received over a month after completion of an activity or behavior
The Problem
Partners don’t know what they are being paid for (no reinforcement)
Someone else is capturing mindshare
3. PAYMENTS AT A GLACIER’S PACE
Giant Sloth
(Megatherium)
8. 8
PAYMENTS AT THE SPEED OF LIGHT
New Standard
MDF payment turnaround in 21 days or less
SPIF and Sales Rewards payments instantaneously
Benefits
MDF
•Motivate behavior partners –quick reinforcement means repetition
•Loyal partners
SPIF and Sales Rewards
•In sales activities, happy partners –"Cash is King“
•“Temporal Discounting” –prefer smaller rewards received sooner than larger rewards offered later*
* Incentive Intelligence, “Motivation, Incentives and What Wimpy Knew,” http://incentive-intelligence.typepad.com/incentive_intelligence/2008/07/motivation-ince.html
9. 9
Historically
Home-grown or custom/bespoke channel tools and solutions
“Just get it done!”
The Problem
Build vs. Buy
The 2-year headache
•Built by IT
•Heavily customized tool
4. OPTIMIZING FOR THE SHORT RUN
10. 10
New Standard
Strong configurable systems built to integrate
•Customization through configuration
Benefits
Flexibility –Configurable vs. Customizable
Scalability –cloud-based
Stand up quickly –minimize IT holdups
Lower operating cost
Agility –respond to market changes quickly
Standard APIs –integrate with more sources of information
OPTIMIZING FOR THE LONG RUN
11. 11
Historically
Spreadsheets as primary way to track channel performance
CHAMP plan
The Problem
No social life…rarely makes it out to others, let alone other departments
Disconnected from business systems
People are repulsed by it; resist opening or reading it
Often holds more responsibility than it deserves
Outdated days or even hours after it’s created
5. USINGSPREADSHEETS…FOR ANYTHING
12. 12
New Standard
End-to-end channel tools
Benefits
Instant access everywhere –mobile, office, home
Up-to-the-minute information
More informed decision making
MOVING BEYOND SPREADSHEETS
Dodo Bird
13. 13
Historically
Shoehorning application needs into your mainstream CRM or ERP through customization
The Problem
Expensive to maintain
Bad partner experience leads to NO partner experience
Usually designed/customized by folks who don’t understand channel best practices
Wait a millennium for updates
6. GOOD APP, WRONGAPPLICATION
14. 14
New Standard
Specially tailored applications that play well with your existing systems
Standard API/web services
Benefits
True financial tool
Highly configurable
Lower cost of maintenance
On-going support
Strategic guidance
THE RIGHTAPPLICATION, INTEGRATEDWITH GOOD APPS
15. 15
Historically
No information for Admins, Approvers and CAMs/PAMs
Choosing focus partners based on relationships or hunches
The Problem
Approving the wrong activities
Missing potential “rock star” partners
7. OPERATING WITHOUTVISIBILITY
“Do-You-Think- He-Saurus”
16. 16
OPERATING WITHVISIBILITY
New Standard
Dashboards
Scorecards
Benefits
Quick access to KPIs
Informed metrics that clearly define top performers and potential growth partners
Informed CAMs –pointed partner meetings with clear goals and objectives
More partner tier conversions (Bronze to Silver, Silver to Gold, etc.)
17. 17
Historically
Delayed notifications to partners
Contacting partners on tools they don’t use
The Problem
Partners out of the loop
Bad partner experience
8. SNAILMAIL
Giant Ammonite Fossil
18. 18
New Standard
Meet partners where they are
•Interactions on platforms your partners use (email, Twitter, LinkedIn, RSS, mobile)
Real-time notifications
•Payments
•Roll offs
•Claims
Benefits
More engaged partners
Relevant information at partner fingertips
More efficient workflow
INSTANTMAIL
19. 19
Historically
Paper checks
The Problem
Postal mail loss rates of 20% are common in much of the world…some countries considerably higher*
More errors
Theft
International banks no longer accept bank drafts
9. TRANSFERRING MONEY VIA SLOW BOAT
*George Mason University Study, 2012: http://mason.gmu.edu/~rpetrie1/Mail_manuscript-12162012.pdf
20. 20
TRANSFERRING MONEY VIA ZEROS AND ONES
*George Mason University Study, 2012: http://mason.gmu.edu/~rpetrie1/Mail_manuscript-12162012.pdf
New Standard
Wire transfers
ACH
Reloadable debit cards
Points for travel and merchandise
Benefits
Quick
Secure
Happy partners
21. 21
Historically
Program-centric programs
Paying partners in one single currency
Partner takes the exchange flux hit
The Problem
Partners not paid the amount they claimed
Bad partner experience –sometimes they will lose money
10. ACTING LIKE YOURULE THE WORLD
22. 22
New Trend
Partner-centric programs
Paying partners in their native currency instead of your own
Reimburse your partner the exact amount they spent in their local currency
Vendor chooses to absorb any difference in financial value that fluctuating exchange rates generate
Benefit
Positive partner experience –they can expect to paid exactly what they claimed
LETTING PARTNERSFEEL LIKE THEY RULE THE WORLD
Partner
World
23. 23
Offering Tools to Market for Partners
Unified Channel Systems
Payments at the Speed of Light
Optimizing for the Long Run
Moving Beyond Spreadsheets
1
2
3
4
WILL YOUR PROGRAM MAKE IT TO THE NEXT MILLENNIUM?
Top 10 New Standards
5
The Right Application Integrated with Good Apps
Operating with Visibility
Instant Mail
Transferring Money via Zeros and Ones
Letting Partners Feel Like They Rule the World
6
7
8
9
10
24. 24
Steven Kellam
steven.kellam@channelmanagement.com
415.526.3215
Peter Hornberger
peter.hornberger@channelmanagement.com
415.526.3216
More resources available at: www.channelmanagement.com
THANK YOU FOR BEING WITH US
Please contact us if you have additional questions.