Channel Partner Strategy Self-Assessment

THE NEED TO KNOW

How is your channel partnership strategy working out for you? 

Answers may range from “awful” to “awesome,” but the more common response — “I’m not sure” — might be the most significant of all. 

 

Yes, everybody knows what channel partner success looks like: 

  • Sales growth, as partners leverage their networks and expertise to drive product adoption and market expansion; 

  • New revenue streams, reaching untapped markets and customer segments; and 

  • Repeat business, as partners provide superior service and support. 

 

Yes, everybody knows what channel partner success looks like: 

  • Sales growth, as partners leverage their networks and expertise to drive product adoption and market expansion; 

  • New revenue streams, reaching untapped markets and customer segments; and 

  • Repeat business, as partners provide superior service and support. 

Less obvious, though, is how to implement a coherent strategy that achieves these goals, even if the useful tactics are clear:

  • Sharing marketing materials, product information, and training resources with partners efficiently and effectively 

  • Tracking partner performance and sales metrics — and adjusting strategies as needed; 

  • Ensuring that partners are compliant with regulations and corporate standards 

  • Motivating partners with automated incentive programs, rewards, and recognition 

  • Leveraging tech-forward solutions, such as AI-enabled automation to streamline workflows, deliver personalized communications, and drive strategic conversations

Less obvious, though, is how to implement a coherent strategy that achieves these goals, even if the useful tactics are clear:

  • Sharing marketing materials, product information, and training resources with partners efficiently and effectively 

  • Tracking partner performance and sales metrics — and adjusting strategies as needed; 

  • Ensuring that partners are compliant with regulations and corporate standards 

  • Motivating partners with automated incentive programs, rewards, and recognition 

  • Leveraging tech-forward solutions, such as AI-enabled automation to streamline workflows, deliver personalized communications, and drive strategic conversations

Regular self-assessment can offer a clearer snapshot of channel partner performance.

The problem is that any combination of poor alignment, ineffective communication and collaboration, and a failure to provide partners with needed tools can result in missed sales opportunities, decreased market share, and strained relationships.

To help you optimize your channel partnership strategy, FIelo has developed this self-assessment.