By Ayesha Prakash, Director of Global Channels, Flashpoint
You might be new to your channel sales leadership position, but the quotas don’t care; you’ve got to get up to speed fast. For most organizations, channel sales outstrip direct sales, which means your leadership and strategy will have a significant impact on the success of your business.
The first 90 days is key: you need to assess the situation, find opportunities for improvement, and implement a strategic vision that will deliver visible change to your sales channel program. And you need to achieve all of that while getting to know the multiple channel account managers (CAMs) you lead, each of whom may have 100 partners, as well as their ideas about strategy.
We recommend you follow these four steps in your first 90 days:
You need to learn about your channel sales program as quickly as possible. This information-gathering mission is necessary so that you can make data-driven decisions; don’t make big changes and announce new strategies until you know the answers to the following questions:
To fully understand your sales program, you’ll need to consult with colleagues and external partners. Internally, you’ll need to meet with regional managers, legal, finance and marketing, as well as the direct sales manager. Externally, your focus should be on building relationships with key partners. These businesses are more than a source of income, they’re also best placed to give feedback on the existing strategy.
Don’t use all your time speaking to hundreds of partners; it’s likely a significant portion of sales are created by just a few — these are the ones you want to talk to first.
These high-performing partners are important relationships and your biggest opportunity to increase sales; a 10 percent improvement in one large partner could be worth the efforts of many smaller partners combined.
You should also speak to a couple of your biggest underperforming partners; the ones who have the reach, resources and customers to sell more, but somehow keep falling below expectations.
Your objective with these sets of partners is to find out how they see their relationship with your organization and how you can better support them in selling your products.
Using the information you’ve gathered from within your organization, you now want to look at …
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July 21 2019 @ 13:01:11 UTC