Thank you for attending (or not) our webinar on channel incentives for this new economy. During the webinar, we reviewed the effects of the Great Recession on the channel and how it has impacted IT & Telecom vendor’s incentive programs. We also listened to the “voice of the partner” to better understand their challenges participating in your program – followed by a target practice lesson aimed at balancing and delivering the right incentives to the right partners at the right time. It was a lot of content for 45 minutes and we stayed high level in order to please everyone in the audience.
If you felt we stated the obvious, you’ll be pleased to learn that as we go into 2012, we’ll dive into each segment in-depth, and analyze the facts behind the most successful incentive programs hawkeye has managed in the last 15 years. The objective of this analysis is to share key drivers for success in channel incentive programs, and provide you with a better perspective on our data-driven approach to incentives for the 2012 sales cycle.
Incentive programs are prone to generating considerable amounts of waste, as channel marketing teams allocate more and more dollars to their incentives programs without a clear understanding of what really makes them successful. Waste is especially evident on rebate programs that pay partners on volume, without consideration of partner engagement. Without a data-driven approach to recognizing the behavior of successful partners, incentive programs can only be judged by tactical measurements, instead of how well they support the real goal of increasing partner performance.
A data-driven approach to incentive plan design – identifies best practices that already exist within your channel ecosystem, and then places the right incentives to inspire those same behaviors across the targeted partner tier; raising the overall standard of performance, and creating positive changes that last.
We’ll continue to bring you more insights on measuring the true incremental impact of your channel programs in 2012. We know how vital it is to identify and prioritize partners with the greatest potential and align your resources so that you can invest in programs and partners that really make a difference.
The trees are changing color here in Seattle and that means….you thought I was going to say Fall is in the air right? Well, yes, but it also means that we are all thinking about 2012 and not just those Doomsday predictions. It’s time to plan budgets and strategies for the Channel.
We talk a lot about being data driven here at hawkeye and truly believe it needs to be a part of everything we do with our customers in the Channel. For companies seeking to maximize their large investment in incentives provided to partners, access to data and the ability to analyze that data is essential. For example, one of the things we suggest to our clients is that it is not enough to just track metrics with a rebate program – a best-in-class rebate platform should be able to provide modeling to determine your financial exposure.
Next week our Chief Channel Strategist Claudio Ayub will be presenting a webinar on Channel Incentive Programs for a Sluggish Economy. Incentive programs are always of huge interest to Partners but the challenge for Vendors is to maximize the investment: who do you incentivize? Which is better – company level incentives or team/individual incentives? Claudio will look at a variety of incentives programs with advice on how to target the appropriate program to the right partners.
We’re partnering with the Baptie Community for this webinar and look forward to a lively Q&A session after Claudio’s presentation – we hope you’ll join us. Click here to register.
For many technology vendors (B2B or B2C), the channel is their primary vehicle for increasing revenue and expanding market share. As the equation goes, partner success = vendor success.
Unfortunately, vendors often lose sight of the day-to-day operations of their partners – a disconnect that can limit opportunities. In order to cultivate a successful business relationship, clear communication between vendors and partners is key. As you craft your channel programs, tools, and go-to-market strategy, here are a few tips to help you keep the partner in mind. Read more…
Are you sure you know what motivates your resellers?
Every company selling through an indirect channel wants to achieve greater partner mind share. What makes the resellers want to sell more AND achieve the ROI that you need for your programs? Incentives! When used appropriately they: Read more…
As temperatures cool down and the leaves begin to change, it’s apparent that summer is coming to an end. Hopefully we’ve all had an opportunity to reflect about the year thus far, and contemplate channel priorities for the second half of 2010. Getting away from the daily minutia and asking yourself some basic questions may help you focus and re-prioritize for the rest of the year.
So grab your laptop and compose some basic questions for your channel teams: Read more…