Next month I will be heading to San Diego, CA for Baptie & Company’s 14th annual Channel Focus North America conference—May 3-4. This event brings together industry leaders to talk about the latest channel marketing trends in order to grow business.

Make It Smart

As the technology industry has evolved, so have our practices. You may have heard me talk about this before—the ‘third age’ of channel marketing—what I call, the ‘make it smart’ era. More and more clients now want to know how to determine the incremental impact of their channel programs to ensure they’re getting maximum value from them. It’s no longer acceptable to just ‘get it done’—they need to ‘make it smart’—and a data-driven strategy based on solid channel analytics is the key. So, we’ll focus on channel practices—from partner performance and communications to MDF and rewards programs—built on solid data analytics to yield the greatest channel ROI. Here is what you can expect at this year’s event:

  • I am teaming up with Greg Osenga, our Managing Director of CRM, to discuss how you can more effectively communicate with your partners. We will talk about how the proliferation of multiple media channels has created a complex environment and what it takes to deliver your messages with precision.
  • We’re partnering with Channel Services Group (CSG) to moderate a workshop about the golden rules of effectively measuring the ROI of your MDF/co-op spend. We want to hear from you! Join our MDF/Co-op Best Practices LinkedIn group and get a head-start on the discussion.
  • For those of you interested in the latest trends in channel incentives, you’ll want to join Deb Broderson, VP, Sales Operations & Support, as she moderates a workshop about best practices in rewarding your resellers’ sales teams. Get an early start on the conversation by joining our Rewards & Incentives Best Practices LinkedIn Group.
  • And we invite you to join us to participate in a workshop where we’ll talk about how to pinpoint those partners who are truly performing—and those who are not—using data-driven strategies. We’ll talk about making partners accountable for results, and when you should be more ruthless in managing your channel. It’s important to know when to let go of partners who are not performing. Join the discussion in our Channel Analytics and Measurement Best Practices Linkedin group.

We Want To Hear From You

The greatest value from this event depends on a robust exchange of ideas and active dialogue among peers. So, let’s get the conversations started now. Join the Linkedin groups that most interest you, and participate in the quick poll you’ll find there:

  1. Channel Analytics
  2. MDF/Co-op Best Practices
  3. Rewards & Incentives Best Practices

Please also take our channel survey. We’ll share the results and use the insights to ensure you get the most out of the event.

Not able to join us at the conference? No worries. Feel free to join and participate in the online discussions—we value your input and want to keep you updated.

And remember, you can track the discussions among your peers in real-time using the hashtag #CFNA11 on twitter. We look forward to sharing with you!

Best regards,

Andy

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Make it Smart at Channel Focus North America 2011

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Rewards Programs and MDF/Co-op Programs serve different purposes, but the more I speak with clients and present solutions to real-life issues, the more I think that these programs have significant overlap. Let me explain.

  • Some Rewards Programs target the company to incent and reward specific behaviors that have value to the vendor and their partners.
  • MDF and Co-op programs target the company and make funds available to be used in co-marketing activities.

Given that both programs are targeting and driving company level behaviors how do you use that intersection to your benefit? Let’s look at some facts:

  • According to a recent CMP Media article, every year 25 percent of the $1 billion in MDF available to the channel goes unclaimed.
  • Based on historical information in our running rewards programs, breakage associated with a Rewards program runs between 5 and 10%.
  • There are many reasons why companies do not take advantage of your programs—ease of use, not enough funds/points to make a difference, awareness or the fact that the partner company doesn’t know the best way to use the funds.
  • Partners not using your programs to the fullest are not going to be as successful selling your products and services.

One method to address these issues is to create a way for the Business Owners/Managers to use funds in some way that is program neutral—no matter where the funds are earned, they can have access to campaigns/tools/resources with proven value to both you, the Vendor and the Partner company. So how can you make this work? Read more…

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The intersection between rewards and MDF programs

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We know that sales promotions work, otherwise companies from Shanghai to Chicago would not spend billions of dollars every year offering incentives to their partners.

Then why do so many promotions fail to generate enthusiasm and sales for the companies that deploy them? What’s the secret recipe that makes some promotions so successful? Well, I can tell you the secret sauce doesn’t magically pour forth from a bottle. There’s a process that must be followed, and it takes time to get the recipe just right. Here are the 5 key ingredients: Read more…

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The secret sauce that makes promotions great

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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…

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So you think you know rewards?

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