Channel Partner Management
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The document discusses channel partner management and its benefits. It outlines key components of an effective channel partner management strategy including aligning with partners, appraising the current situation, developing a strategy, and maximizing return on investment. An effective channel partner management strategy can improve channel relationships, reduce costs of sales, increase partner loyalty, and achieve long-term win-win partnerships.
Channel Partner Management
- 1. Aristoteles Kabarganos Managing Partner www.aristongroup.de The Role of Channel Partner Management
- 2. Every exceptional sales organization needs an effective sales process, strategy…..…
- 3. The contribution of Channel Partner Management to your sales organization Get results, fast decrease sales cycles, increase profit margins Win business consistently quick, effective adoption by management and the field Create a roadmap to: a universal foundation provide visibility prepare and execute towards growth
- 4. Why Channel Partner Management ? Improve the effectiveness of your channel relationships Implement a method to maximize the ROI from your channel relationships Increase loyalty from your partners Differentiate your organization from your competition
- 5. Benefits of Channel Partner Management Achieve long-term, win-win channel relationships Reduce overall cost of sales Maximize your return on your investment Increase “mind share” and build partner loyalty
- 6. Optimum Channel Model Relationship Mutual Contribution Shared Vision/Goals Shared Vision Teamwork Communication Partnership Win-Win
- 7. Key Components of Channel Partner Management Alignment with Your Partner How is your relationship viewed by both you and your partner? Map out how to maximize long-term potential Appraise Your Situation Develop a Channel Partnership Mission Statement Understand your current position and determine key players Develop Your Strategy Focus on strengths that address needs of the partner Develop a roadmap for working with the partner Maximize Your ROI
- 8. Alignment with Your Partner Map out criteria that determine how your relationship is viewed by both you and your partner Compare revenue impact vs. availability of alternatives Leverage opportunities of you and your partner Create a win-win relationship model Determine how to increase alignment and maximize mutual profitability
- 9. Appraise Your Situation Draft a Channel Partnership Mission Statement Develop the Value Contribution of the partnership Identify the benefits you and your partner will receive Understand current position with your partner Evaluate your Compelling Business Opportunity Identify Key Players Determine executive sponsors, marketing players, logistics players, strategic coaches, and anti-sponsors Determine trends, opportunities, strengths, vulnerabilities
- 10. Develop Your Strategy Identify Strategic Goals Based on opportunities and related to Channel Partnership Mission Statement Determine position of you and your partner Develop Sales and Support Programs Results in moving the sale forward Enhance relationship and support future opportunities Leverage Strengths Differentiate products/services, values, vision Diminish vulnerability to the competition
- 11. Maximize Your ROI Identify the right Investment decisions Focus on investments that will help you reach your goals Identify cost, revenue and timeframe for each activity Create optimum ROI scenario Consistently communicate program developments with your channel partner
- 12. Keys to Enterprise Excellence Executive Sponsorship Sales Leadership roll-out Establishment of subject matter experts Create standards of excellence Field and sales support implementation Tool integration Ongoing reinforcement Merchandising successes