Push-Button Partnering engages your channel sales partners in an integrated community
using social networking technologies.
If you manage a channel sales ecosystem, chances are that your partners seldom visit
your online partner facilities, and are less engaged in your business than you would
like. By integrating your partner tools (portal, PRM, extranet) into AccountMaven
you can tap into an existing community of partners and achieve scale with your partner
program.
AccountMaven provides companies with private spaces reserved for their partners.
You can use our partner tools, or integrate your own within the space.
AccountMaven differs from a typical portal as it is driven by social networking
technologies. Sales people using AccountMaven have access to partner resources from
multiple different companies, and this makes the community dynamic and interesting.
Establishing your partner program with AccountMaven is simple and takes less than
30 minutes.
Adding to the email storm will not win the attention of your partners.
Read more >
Passwords are a barrier to portal adoption. Remove the password with no loss in
security. Read more >
Make your channel team accessible to partners and drive new revenue.
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Find out what your partners need, and respond; fast.
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Rather than handing a lead to an inactive partner, have your partners apply for
them. Read more >
Get to know the sales people behind the companies.
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Which partners are working on your named accounts?
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Which partner has the relationships to get you into a specific account?
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Partners working with other partners can really scale your revenue.
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- Partner Communication
- Single Sign-on
- Team Access
- Partner Requests
- Sales Leads
- Partner Sales Teams
- Overlapping Accounts
- Relationships
- Partner to Partner
The conventional approach to engaging channel sales partners has been to deploy
a partner portal; either stand-alone or as an extension of the CRM system. Partners
are invited to login to receive access to partner materials and programmatic support.
Indeed, there are now tens of thousands of partner portals available which speaks
to the problem; sales partners for the most part do not login to portals.
Reasons portals are under-utilized:
- There are too many of them
- They are one dimensional and not engaging
- Multiple passwords are quickly forgotten
AccountMaven approaches the problem differently by providing a single, unified community
of sales people. Partners have access to multiple partner programs within the community
which makes their experience engaging and interesting.
Web 2.0 social networking concepts are employed to engage and connect partners across
company lines.
Sales people have access to multiple portals through AccountMaven 'single sign-on'
technology without additional passwords.
If you already have a partner portal, it can be integrated into AccountMaven without
the need for password security.
The success of your partnering efforts depends to some degree on how much 'mindshare'
you can get with your partners. Here are six winning ideas to creating an engaging
partner experience.
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Proven ideas to activate your partner community
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1. Create an engaging partner experience
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2. Distribute leads
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3. Foster relationships between individuals
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4. Provide access to you team
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5. Share sales success stories
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6. Be responsive to partner needs
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The Environment:
The AccountMaven community uses the latest Web 2.0 social networking technologies
to create the most engaging partner experience available. Channel partners have
access to multiple partner programs within a single integrated community. Connections
between partners are made where it matters; at the deal and account level.
Leads:
Leads are the number one most valued thing to partners. AccountMaven’s approach
to leads is different in that partners are invited to contact a team member to gain
access to a lead. This process of advertising a potential lead before it is distributed
helps to create connections between channel sales members. This creates mindshare
with partners and leads to new revenue.
Connections:
If people are your most valuable resource, the same is true of your partners. Partnerships
fail when business relationships are not established between team members. AccountMaven
connects individual sales people on shared sales goals so that relationships are
fostered.
Success stories:
Sharing key facts about successful deals helps give channel sales people cues as
to how to seek out the next deal. This type of sales training is more effective
than focusing on the details of a product or service.
Responsiveness:
AccountMaven provides your partners an open forum to tell you (and your other partners)
what they need. Be it an introduction, assistance or a direct question. Communication
of this type does not contribute to the ‘email storm’ and encourages partner to
partner collaboration – a hallmark of an engaged partner community.
Research shows that most channel programs experience what is known as the 80/20
rule of channel sales; 80% of the revenue comes from 20% of the partners.
Put differently, this means that on average 80% of channel partners are relatively
dormant responding only to demand created by the internal sales and marketing teams.
Constant recruitment, activation and dismissal of channel partners is unable to
alter this ratio.
Reasons for partner apathy:
- Successful partnerships are formed when business relationships are established
between individuals (not companies)
- Without appropriate tools, sales teams have limited capacity to establish functional
relationships
By employing Web 2.0, social networking in channel management, sales people are
connected with a broader set of peers with shared sales goals. New relationships
are established and networking effects drive revenue.
To assess the potential impact on your channel revenue, ask yourself:
"What would be the impact of making 80% of my partners incrementally more effective?"
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