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Strategic channel partnerships provide scale to an organizations sales efforts. Developing these partnerships is both an art and a science and requires on-going planning, measurements and alignment to adjust to market dynamics. The Association of Strategic Alliance Professionals, "ASAP" invited me to speak at the Silicon Valley Chapter meeting on channel partner development. I hope you enjoy the presentation. Rebecca Sanders
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x © 2014 Next Step. All Rights Reserved.
Relationship Development With Channel Partners
Rebecca Sanders June 2014
© 2014 NBCxt Step. All Rights Reserved. www.nextstepgrowth.com 2
x www.nextstepgrowth.com 2
Next Step Experience
Since 1997, Next Step has maximized business growth via proven consul=ng and training services in all aspects of sales, marke=ng, and people development.
Our team of 40+ seasoned professionals bring the right skills to each client to maximize sales effectiveness and employee productivity across all stages of growth.
300%
Produc=vity
25%
Revenue
www.nextstepgrowth.com 3 © 2014 Next Step. All Rights Reserved.
Agenda • Benefits of Channel Partners
• 3 key ways to iden6fy channel partnership opportuni6es that provide the greatest sales success.
• Account mapping – how you can tap into the channel partner’s network and process to expand your posi6on within the account.
• Ensuring it is a win/win through three points of value delivered in each account opportunity.
• Cloud success example
• Resources and keeping the conversa6on going
• Let’s make it interac6ve!
4 ©2014 Next Step. All Rights Reserved. www.nextstepgrowth.com
Benefits of the Channel • Increases revenue growth & scale with agility
• Low-‐cost, high-‐volume customer acquisi6on • Broader coverage of accounts, Ver6cal and industry segment exper6se and services
• Mul6-‐vendor teams aggregate thousands of suppliers products to provide one-‐stop-‐shop for customers
• Credibility to recommend products & pricing op6ons • Targeted sales campaigns/rapid new product introduc6ons
• Reduces selling costs • Low cost lead genera6on • Flexible financing op6ons • Efficient fulfillment of smaller transac6ons
• Improves customer sa6sfac6on • Greater purchase and service op6ons • More frequent customer contact • Faster response 6mes
5 ©2014 Next Step. All Rights Reserved. www.nextstepgrowth.com
Why Partner Strategies Fail
• Lack trust • Lacking equal value exchange • Customer-‐driven & 6ming • Expecta6ons ≠ Reality • Lack alignment of goals, culture & teams. • Lack of consistency in execu6on; metrics & reviews. • Wrong Partner • Lack stakeholder buy-‐in
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TRUST MAP
“Above all, success in business requires two things: a winning competitive strategy, and superb organizational execution. Distrust is the enemy of both.” I submit that while high trust won’t necessarily rescue a poor strategy, low trust will almost always derail a good one.” --- Stephen M. R. Covey, The Speed of Trust: The One Thing That Changes Everything
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Welcome to the New World
BYOD
Internet of Things
Mobility of Work Cloud Solu=ons Social Media
OPEX Wins
Mul=ple Genera=ons
Consumeriza=on
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Industry Evolution
Channel Dynamics
Innovation Talent shortage
Measurable Business Impact
Business Model Transformation
Servicization consumption-based
LOB Budgets Wants solutions
SMAC
Business Transformation
Expertise
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Empower Aggregate Communicate Analyze Adapt.
Expand Account Presence
Blended Exchange
Amplify Success
Bench strength (Dis=)
Shared Vision
Collabora=ve & Social
Analy=cs
Just-‐in-‐Time/Best Prac=ces
Community
Metric and Produc=vity
Acceleration
Learning KPIs/RoI/RoX Connect the Dots Accelera=on
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Value Exchange
§ Innovation § Profitability § Acceleration
§ Local/Vertical Expertise § Granularity Segmentation § Lead/sales Cadence
Ecosystem/ISV Educa=on
Services
Market Dynamics &
Events
QBRs/Scorecards
“In 2015, CMOs will control more IT budget than CIOs”
Forrester Research
Councils/ Workshops
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SAMPLE Metrics Dashboard FY14 Q1
Create, Expand & Secure Budgets $6B in Project Pipeline
37% Grow
§ 25% Y/Y Bookings Growth Growing 3.6X Faster than vertical TAM
§ Spend as a 25% of Total MARKET opportunity
§ 92 of Customers purchase more than 4+ Service Subscriptions
§ 27% Y/Y Increase in Consulting Services
§ $910M Marketing Influence from engagements. - 2443 accounts with 6999 contacts engaged - Communities of Interest : - Healthcare: 8600/33% growth, - Retail: 7641/13% growth
Deliver Business Value
25% Growth
§ Targeted engagements - Prospect, Active, & Realized
§ Q1 - 180 Total in Engagements/ Average Days in Phase: Q1- 83 in Opportunity with 265 average days in Phase - 69 in Discovery with average of 240 average - 28 in Solution Proposal with 190 days Solution Proposal.
- 29 in Proof of Concept with 344 in OIC, 126 in Discover, 25 in Solution Proposal and 265 in POC.
§ 69 New Doors Opened § Marketing activities resulted in
32% Accounts Engaged
Accelerate Capability
16% - 30%
§ Communities of Interest had 3246 Total Activities
- Enterprise: 504 - Commercial : 1380 - Geo Breakdown XXX
o Financial Services: 545 o Healthcare: 606 o Manufacturing: 868 o Retail: 650 o Utilities/Smart Grid: 245
§ 1323 Exec Briefings 33% CxO s in attendance achieving an average CSAT of 4.7%
§ 103 Light Bulb Moments 16 Key Wins & 45 Best Practices
§ 301 Vertical Trainings commenced 165 Total Trainings Completed .
12 ©2014 Next Step. All Rights Reserved. www.nextstepgrowth.com
Education Accelerates Cloud Sales
Customer
Channel Manager
Partner/AM
Services Solu=on Ecosystem
Aggregate selling objec=ons Across qualified prospects Consul=ng/training Partner Delivers workshop to address objec=ons Results: CxO educated on TCO/ROI, security & change management made faster & 25% larger purchasing decisions Resul=ng in a 60:1 ROI.
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Thank You for Participating
Con=nue the conversa=on – ASAP Linkedin Group
Want a copy of the slides provide us your business
card or email [email protected] Recommended Resources & References
• Cisco Partner Field Guidehfp://www.cisco.com/en/US/services/ps6888/service_partner_guide0900aecd805b490c.pdf
• Steven Covey’s The Speed of Trust
• The Granularity of Growth by Patrick Viguerie & Sven Smit
© 2014 NBCxt Step. All Rights Reserved. www.nextstepgrowth.com 14
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Take Your Next Step Toward…
Profitability!Growth!
Productivity!
Thank you!
RESULTS
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Back-up Slides!
16 ©2014 Next Step. All Rights Reserved. www.nextstepgrowth.com
Channel-Driven Growth Framework
ö Planning builds strategic partnerships, stakeholders defines opportuni=es and fosters innova=on.
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Winning Strategy
Evaluating market opportunities based on growth potential and risks is essential to determine the strategic focus and setup of a realistic and feasible channel strategy. Translating the strategy into a concrete action plan and operational requirements enables solid implementation and quick wins. Determining and accommodating the impact on the organizational model, essential processes and technology support is key to success.