Partner Marketing: An overview
Any discussion on the channel ecosystem is incomplete without partner marketing. Our blog this week touches upon partner marketing and its various types.
When investing in a partner marketing platform, vendors need to take into account a lot of factors, one of them being partner persona. Each partner has their own strengths and weaknesses, which determines their "Partner Persona". The kind of support that a partner requires from the vendor to market and sell their products successfully, varies based on the partner persona, which, in turn, impacts the choice of partner marketing platform.
The largely varying partner personas mean vendors need to have channel marketing platfrom that cater to the needs of every partner persona. One area where many vendors go wrong is ignoring the partner personas when investing in a channel marketing program. Vendors often assume that a standard channel marketing program will work with all partners regardless of their persona.
For channel marketing programs to be successful, they need to be tailored to suit the different kinds of partner personas that the vendor's partner ecosystem has. By doing that, vendors can expect
Greater partner engagement − When the vendor's channel marketing program suits the partners, provides them with that they need, they are more likely to engage with the vendor's brand
Greater partner sales and revenue - A more effective channel marketing program translates into better marketing and sales numbers for the vendor
Watch this space next week for the must-haves of a great channel marketing program.
Mindmatrix is a leading provider of PRM software, channel partner marketing software and sales ecosystems enablement solutions including partner portal software. Since its inception in 1998, Mindmatrix has been focused on helping companies sell more, faster. A pioneer of sales (direct & indirect) and marketing enablement technology, today Mindmatrix is the only company offering a fully unified platform (Bridge ™) that connects and enables sales (direct & indirect), marketing, alliances and partner ecosystems. Backed by Mindmatrix's innovation and expertise, Bridge expands sales ecosystem enablement beyond its traditional boundaries to cover not just Sales Ecosystem Enablement, but also Partner Marketing and Multi-vendor Solutions Management