lessons to learn when working with channel sales

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123 % Becoming 111 % revenue increased, growing almost 5 percent in 2014 at more than $62 billion, according to The NPD Group’s Distributor and Reseller Tracking Services. 25 percent of partner programs do not differentiate the vendor from the competition. Improving the channel manager’s recognition of a partner’s preferred behavioral and communication style improved partner productivity by 50 percent. Channel partner productivity was 123 percent better when channel managers committed to planning a strategy for partner development. When channel managers build and present a business case for partner investment, financial target attainment was 45 percent higher. When channel managers recognized partners’ influencing styles, end-customer retention increased by 111 percent. 65% of respondents reported it was important to always establish partner / vendor responsibilities Evaluate where your organization stands by performing channel benchmarking: Define the key performance areas for channel excellence and framework for continuous improvement. Implement the right strategies, processes, funding, systems, infrastructure, HR policies, and partnering values at the organizational level. Ensure that each team understands their role in the execution of the channel strategy and takes ownership for improvements. Review team performance against clearly defined partnering values, rules of engagement, and targets. Empower people at the individual level by educating them on channel strategy, systems, and values—then provide them with the skills they need to execute. Channel-Centric U.S. business-to-business 25 % 65 % 45 % THE PLATFORM RESULTS READY TM Sources: NPD: U.S. B2B Channel Volumes Rise to More Than $62 Billion, Indicate Steady and Consistent Growth for Market. https://www.npd.com/wps/portal/npd/us/news/press-releases/2015/npd-us-b2b-channel-volumes-rise-to-more-than-62-billion-indicate-steady-and-consistent-growth-for-market/ 2014 Channel Sales Competency Study Executive Summary. MHI Global. 2014 2015 MHI Sales Best Practices Study Joe Galvin and Phillip Moon. Channel Sales: Partner Engagement. MHI Research Institute. Vol. 2, ed. 5. Adding an indirect channel to your business model can help you expand farther and faster than ever. Learn more at mhiglobal.com/resultsready L e s s o n s t o L e a rn W hen W orkin g W ith C hannel Sales L e s s o n s t o L e a rn W hen W orkin g W ith C hannel Sales © 2015 MHI Global, Inc. All Rights Reserved.

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123%

Becoming

111%revenue increased, growing almost 5 percent in 2014 at more than $62 billion, according to The NPD Group’s Distributor and Reseller Tracking Services.

25 percent of partner programs do not differentiate the vendor from the competition.

Improving the channel manager’s recognition of a partner’s preferred behavioral and communication style improved partner productivity by 50 percent.

Channel partner productivity was 123 percent better when channel managers committed to planning a strategy for partner development.

When channel managers build and present a business case for partner investment,

financial target attainment was 45 percent higher.

When channel managers recognized partners’ influencing styles, end-customer retention increased by 111 percent.

65% of respondents reported it was important to always establish partner /

vendor responsibilities

• Evaluate where your organization stands by performing channel benchmarking: Define the key performance areas for channel excellence and framework for continuous improvement.

• Implement the right strategies, processes, funding, systems, infrastructure, HR policies, and partnering values at the organizational level.

• Ensure that each team understands their role in the execution of the channel strategy and takes ownership for improvements.

• Review team performance against clearly defined partnering values, rules of engagement, and targets.

• Empower people at the individual level by educating them on channel strategy, systems, and values—then provide them with the skills they need to execute.

Channel-Centric

U.S.business-to-business

25%

65%

45%

THE

PLATFORM

RESULTSREADYTM

Sources:NPD: U.S. B2B Channel Volumes Rise to More Than $62 Billion, Indicate Steady and Consistent Growth for Market.

https://www.npd.com/wps/portal/npd/us/news/press-releases/2015/npd-us-b2b-channel-volumes-rise-to-more-than-62-billion-indicate-steady-and-consistent-growth-for-market/2014 Channel Sales Competency Study Executive Summary. MHI Global. 2014

2015 MHI Sales Best Practices StudyJoe Galvin and Phillip Moon. Channel Sales: Partner Engagement. MHI Research Institute. Vol. 2, ed. 5.

https://www.mhiglobal.com/resultsreadyAdding an indirect channel to your business model can help you expand farther and faster than ever.

Learn more at mhiglobal.com/resultsready

Lessons to LearnWhen Working With Channel Sales

Lessons to LearnWhen Working With Channel Sales

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