Six Best Practices for Channel Sales Strategy

December 1, 2010
In developing channel sales strategy, one of the key features is the planning. While some may take this stage or aspect in strategy for granted, for a vendor’s channel partner program to attain longevity, long term planning and forecasting has to be taken seriously.

Here are some of the best practices in developing and maintaining channel sales strategy:

1. Put customer’s needs first – A successful sales program always reflect the relationship with the customers. While it is also important to please the channel partners, distributors, wholesalers, and VARs or Value Added Retailers, the customer’s needs have to come first. The vendor is not the only player in the channel sales game. The channel partners’ relationships with the customers have to be considered as well. By having adequate or above-par customer service before and after the transaction, customers are assured that the product or service they are getting is the best and they will be able to reward partners and vendors with their continued patronage and loyalty to the brand.


11935-red-arrow-showing-an-increase-of-profit-on-a-graph-clipart-illustration.jpg (450×338)
channel management software

2. Recruit the right channel partners – Vendors are often too quick to sign with channel partners. Just like hiring employees, vendors should be wary about inexperienced firms taking on products with high value and could be considered vertical products. Background checks and comprehensive interviews should be done before signing on with new players. Certifications and training coupled with experience is the right combination to assure vendors they are aligning themselves with strong firms capable of introducing their product to the market they are targeting.

3. Monitor performance of partners – The channel sales strategy does not end with the recruitment. Regular evaluation of sales performance is necessary to ensure that the channel partner is performing as planned and not being idle and incompetent. The vendor invests a large chunk of capital with channel partners and they should expect a Return of Investment even if it takes years. Proper check up and monitoring is important to gauge whether a partner is underperforming or not.

4. Allot necessary investment of time and money to channel partners – Not all companies are capable of handling multi-channel sales partnerships. There are necessary investment like marketing allowance, training and certification involved in signing on partners to sell vendor’s products. In planning channel partner programs, there should be a clear specific accounting of all expenses and investment necessary so vendors can expect and include them in the budget.

5. Commit to channel partners fully and consistently. There are instances where vendors would chose to ignore their agreement with channel partners. Channel conflict between vendors and channel partner happens when a vendor betrays their partner by closing deals behind their backs, depriving them of incentives and income. These low blow strategies can seriously derail partnerships and cause confusion with customers. Neither party would benefit from such a dirty tactic.

6. Provide training and certification – Vendors cannot always find the perfect company to partner with because of lack of experience in their product. Parent companies should provide training and certification to sales teams so they may answer questions about the products and concentrate on selling to their target market. 
 

Educating Austistic Children through Elearning

November 25, 2010
I have a lot of affinity for autistic kids and I feel for their parents who are faced with the challenge of educating them to let them function and become contributing member of society. Autism covers a whole spectrum from mild Aspergers to the more severe cases wherein the child can’t even speak.

Education is especially challenging because of the lack of government support in some areas with regards to special education meant for these special children. Dedicated parents sometimes prefer to...

Continue reading...
 

Essential Criteria to Being a Channel Management Service Provider

November 22, 2010

Channel management service is essential in almost all corporate environments. If you want your company to excel and be more than a minor player in the following years, you have to invest in a good channel manager. As a consultant, I’m often asked what characterizes a good channel partner. And my answer has always been, a candidate could have all the Ivy League education in the world but if the personality stinks, he or she stinks. 

As a channel manager, you are responsible for maintaining or...
Continue reading...
 

Eaton Announces PowerAdvantage Program for Channel Sales Strategy

November 17, 2010
Eaton Industries, leading diversified power management company offers Australian resellers a simple but profitable channel sales strategy called PowerAdvantage Partner Program.

Eaton’s national channel manager for Power Quality, Darren Butterworth, believes that program will provide a much needed competitive edge in terms of revenue generation for their line of Power Quality and UPS solution since it was designed collaboratively by their community of VARs or Value added resellers.


sales-up.jpg (400×300)
channel man...
Continue reading...
 

One Laptop Per Child: Elearning to Combat Ignorance

November 12, 2010

Nicholas Negroponte, founder of MIT Media Laboratory gave a talk at TED (Technology Entertainment Design) about his latest non profit work called One Laptop Per Child or OLPC. The goal of the non profit organization was to give away exactly that, one laptop per one child. 

I highly admire his passion and commitment to education. And I do agree with what he said in the talk that for every problem in the world, especially in developing nations and the countries with conflict, somehow the solutio...
Continue reading...
 

Intel Expands to Non-Traditional Markets for Channel Sales Strategy

November 11, 2010

One of the world’s largest manufacturers of microprocessors, Intel, is taking the initiative to launch new channel sales strategy by expanding their product line to digital surveillance (security) and digital signage.

Although the company just posted their best quarter sales report in 42 years, Intel’s director of North America channels and distribution, Eric Thompson, says that the company would not rest on its laurels. In fact, the future for Intel seems to be continued expansion, allowi...
Continue reading...
 

Open Source Content for Learning Management System

November 10, 2010
Richard Baraniuk launched their project in 2006 at a TED (Technology Entertainment Design) Talk conference. Baraniuk is a Rice University professor who heads the project called Connexions, online open-source educational system.

I can explain the concept of Connexions using the metaphor of a library filled with all the books in the world including obscure text books or books with niche subject that would hardly be published unless requested. Now imagine tearing up the pages of the books and com...

Continue reading...
 

McAfee Channel Partners Helped in Resolving Antivirus Glitch

November 5, 2010
One of the world’s leading antivirus developers deployed an update with a serious glitch in April that caused thousands of their customers’ desktops and laptops to shutdown and restart in an endless loop. Their channel partners came to the rescue which enabled the company to address the problem more efficiently at a quicker pace without losing a single customer.

It just goes to prove how important a channel management service is to be able to communicate the problem at once and providing s...
Continue reading...
 

Cost Effective Training Solution for Developing Countries?

November 2, 2010
There is no more cost effective training solution than free software available for download or accessible online. Open source software are offered to the public as freeware versions of paid software, but most of the time, there aren’t enough kind-hearted individuals in this world who are willing to donate their time and expertise to create these learning applications in the hopes that people who can’t afford regular education can at least have an alternative.

Developing countries like the ...
Continue reading...
 

HP India Launches Pay Back Yutra

October 26, 2010
 HP India, the leading electronic company in Printing and Imaging tools and other gadgetry, now reintroduces a recently launched software called the Pay Back Yutra to connect and instruct with their three their associates in their channel sales strategy. The associates are in cooperation with HP’s newest technological improvements which is active through its wide range of Laser Jet printers.

The Pay Back Yutra is a distinct program that focuses on teaching the channel partners through a one...
Continue reading...
 

Tags

Blogroll

Categories

 
Make a Free Website with Yola.