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PRINCIPLES
Give more to get more with partner implementation
Strategic partnerships with Systems Integrators (SIs) to handle your implementation can be a game-changer for SaaS revenue growth.
SIs have relationships with markets, networks, and customers that they can better identify and sell your product to, as well as a high-level view of how many business solutions work together for maximum value to customers.
The challenge: A lot of enterprise software companies have internal professional services teams that charge for implementation, and sales reps can earn extra commission for selling these services.
Why would you want to give up that revenue to an external company?
The answer: Because the reach of many SIs and the trust that customers place in them to build customized solutions can bring you much bigger deals when your tool is part of those solutions.
If you think of SIs as an extension of your teamâs knowledge and capabilities rather than as implementation competitors, and you structure incentives accordingly, those direct service contracts may end up a drop in the bucket compared to your expanded new deals.
TACTICS
10 lessons for SaaS orgs transitioning to partner implementations
Rachel Fefer leads channel sales at Bloomreach, an e-commerce experience platform that unifies real-time customer and product data.
As SaaS companies weigh the costs and benefits of providing direct implementation services versus working closely with SI partners to deliver software, Rachelâs organization has invested in channel partner relationships to double partner-sourced revenue in two years.
Rachelâs experience in building SI partnerships has given her a deep understanding of how these relationships work, and when they donât.
Here are three of her top tips for how to drive revenue with SI partner implementation:
Tip #1: Start small before scaling
âAt Bloomreach, we initially tried to scale our implementation efforts too quickly,â says Rachel. âWe underestimated the effort required in training new partners, delivering support, aligning partners to sales and solutions consultants (SCs), exposing our scoping process, and more. The challenge was we were building the plane while flying it, and it was only in flight that we realized all the varieties of planes available!â
Ultimately, Rachelâs team stopped and took the time to really look at the different options for partner implementation, and chose the approaches they knew would give them and their partners the greatest opportunity for success.
âNow that weâve identified the commercial model, have a clear sales process, have a solution design document, and the teams are aligned on how we sell with partners, weâre able to scale up our chosen process,â she says. âAnd we now also know who to invest time with, as we build deeper relationships, trust, and ultimately stronger sales and delivery competency together.â
#2: Enable partners and internal teams
Rachel recommends prioritizing four audiences who require initial and then ongoing enablement: Partners, Account Executives, Account Managers and Services teams.
Partners: Train them on the product, how to scope, how to implement, and how to align and communicate with field teams and services teams. Provide access to free sandbox accounts so that they can get hands-on experience.
AEs: Teach them who the partners are, how to bring them into the sales cycle, and what to say or not say to prospects about partners. Iâve found the hardest part of AE enablement is showing why to bring in partners early on to help sell the value of your solution and not just when they are ready to discuss implementation.
Tip: If you are selling against a competitor, bring in a delivery partner who knows that competitor well. They know âwhere the bodies are buriedâ and can effectively help the AEs position landmines.
If an incumbent agency is already working with your prospect, they may also have a higher access to power than the AE does.
AMs & Services teams: Avoid landmines between SIs and AMs/Services teams when implementation goes sideways. Often thereâs an assumption that because X agency was supporting a client and they messed up using our tech, that they stink and therefore all partners must be inferior to using internal services.
âThe true reason these SIs âstinkâ is because they were never treated as partners, onboarded properly, or enabled properly on the tech,â says Rachel. âOnce the switch happens, those incumbent SIs go from foes to friends, and collaborate with SaaS teams to drive customer success. Show AMs and Services teams what successful implementation stories look like, and even better, how a strong partner can turn an account from Red status to Green.â
#3. Remove services quota for AEs
âSales teams are coin-operated and if they earn dollars off selling services, they will!,â says Rachel. If AEs earn commissions on services, they will prioritize selling them. Removing these incentives is crucial to align the sales team's efforts with a partner-first strategy.
âIâve often heard, âthe compensation plan of 2% commission on Professional Services wonât impact the AEâs desire to bring in a partner.â I beg to differ!â she says. âOn a $10k implementation this is $200 â certainly enough for dinner for two. Who wouldnât want this check? Further, the pro serv commission is a company statement to the sales reps that to me says, âwe are not partner-first.â If anything, the AEâs need incentives to face the headwinds and sell with partners and not the reverse.â
Read Rachel's other 7 insights on successful partner implementation.
MEME OF THE DAY
Partnership teams only want to help you close more deals
If youâre in Sales, this scenario has likely happened to you at least once:
Itâs the final week of the quarter, and youâre just one deal away from hitting your quota. Youâve been working on a deal for 3 months now, and youâre just missing the final signature when, out of nowhere the buyer ghosts you. And the worst part? You donât know why.
Yes, partnerships is a long-term strategy, but that doesnât mean that you canât leverage some low-hanging fruit. And no, this doesnât mean your Partner team will steal your deal.
Itâs still your deal, you just have a bit of partner influence to close it faster.
Thanks Lucy for the meme
Stuff you don't want to miss!
- July 31st â Partner Sourced Summit â24: Bob Moore (Crossbeam), Justin Zimmerman (PartnerWebinar), Rob Rebholz (Superglue), Greg Portnoy (Eulerapp), Cody Sunkel (PartnerFleet), Asher Mathew (Partnership Leaders), Katie Landaal (ZoomInfo), Lizzie Chapman (Nextroll), Alexis Bonavota (G2), and many more, will share tactical ways they use to drive partner-sourced revenue. Register here.
- August 1st â Designing the Right Incentives for Partners: Karlyn Bentley (Senior Vice President, Client Partnership at Ansira), Kathleen Meeza (Senior Director, Global Partner Program at Dell), and Tai Rattigan (Co-Founder and COO of Partnership Leaders) will share key tactics for designing incentives which accelerate partner value and impact. Register here.
- August 14th â From Data to Dollars: Strategies for Nurturing Event Leads to Drive Success: Benito Aguila (Events Marketing Manager from Google) and Airmeetâs CEO, Lalit Mangal will share how to capture valuable data at events to implement targeted follow-up strategies. Register here.
- August 20th â Exploring the Power of the Benefits Broker Channel: Leveraging HRâs Most Trusted Consultants: Ryan Taguding (Founder and Principal at Temio Consulting) will share where to begin, how to identify your ICP and distinguish sales blockers from champions. Register here.
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