by Randall CraigFiled in: Make It Happen Tipsheet, Blog, Business DevelopmentTagged as: Parternships, SAAS
How successful have your partnerships been to building your top-line? If you’re like most organizations, it is often a hit-or-miss… but does it have to be?
The key to a successful partnership program is to recognize that there has to be something in it for your partner – not just for you. In the case of sales partnerships – that is, partners who “bring” business to you – the seven questions that you must successfully answer are as follows:
Of course, a partnership program offered by a SAAS vendor will be very different than an informal referral arrangement between an accountant and a lawyer. But the need to answer these questions remains the same.
[Content Authenticity Statement: 100% original content. No AI was used in creating this content.]
Re-look at your sales partners: how much business has each brought in during the last 24 months. If they are not performing to your expectations, is it their fault (eg the questions have not been answered properly), or is it yours (not performing to THEIR expectations)?
This week, choose at least one sales partnership, and reach out. Ask a few questions about their needs, and then begin the process of strengthening the relationship.
Partnership insight: Many partnership programs are set up with tiers: as you “perform” and do more work, then the amount of investment that they make in you (profile, education, direct support, commissions, etc.) similarly increases.
Related post: Reducing your Costs Through Partnerships
Upskill your team: Browse 75+ professional development topics
See Randall in action: Browse topical Q&A interviews with Randall on leadership and strategy topics
Build your leadership skills with a self-paced course: Browse our library of self-paced courses
Does this topic resonate? Reach out to Randall: he can present it to your group. (More presentation topics) Download Randall’s professional credentials: Speaker credentials one-sheet or Management Advisory credentials.
Content Authenticity Statement: 100% original content: no AI was used in creating this content.
@RandallCraig (Follow me for daily insights) www.RandallCraig.com: Professional credentials site.
Each week, get Randall’s 60-second action-oriented insights on building your business. Curious? Read 600+ past articles.
If you are interested in receiving these each week (there is no cost), fill in your name and address below.
Δ
Contact us for more on Randall’s topics, availability, and audience fit.