Article
|
3
 minutes
ELG Insider Daily #673: I just want to sell, sell, sell
Article
|
3
 minutes
ELG Insider Daily #671: 7 tactics to turn partnerships into pipeline
Article
|
4
 minutes
How to Scale Your Reselling Program
Article
|
4
 minutes
ELG Insider Daily #670: Trust the process
Article
|
4
 minutes
ELG Insider Daily #669: The foundation of a $1B partnership program
Article
|
3
 minutes
ELG Insider Daily #668: This is what great sales leaders are made of
Article
|
3
 minutes
ELG Insider Daily #667: When less is more in your partner ecosystem
Article
|
3
 minutes
Good partner managers/ bad partner managers
Article
|
3
 minutes
Good Sales Leader / Bad Sales Leader
Article
|
3
 minutes
ELG Insider Daily #666: How much power do numbers really have?
Article
|
4
 minutes
ELG Insider Daily #665: Fix your GTM problem
Article
|
4
 minutes
ELG Insider Daily #664: Meet the fresh new ELG Insider
Article
|
4
 minutes
ELG Insider Daily #663: Every GTM motion is a fact-finding mission
Article
|
5
 minutes
How I Present Partner Strategy to CxOs & the Board for Decacorns ($10B+) and a Unicorn ($3.8B)
Article
|
4
 minutes
ELG Insider Daily #662: When your own GTM team is your ICP
Article
|
3
 minutes
ELG Insider Daily #660: Decode your deal
Article
|
3
 minutes
ELG Insider #658: The new high-performing seller
Article
|
4
 minutes
ELG Insider Daily #651: Use this easy account mapping win for customer retention
Article
|
6
 minutes
Maximize Your Existing Accounts: 3 Proven Ways to Boost Revenue
Article
|
4
 minutes
ELG Insider #657: Who is the MVP of your GTM motion?
Article
|
4
 minutes
ELG Insider #656: Money, money, money, must be funny
Article
|
4
 minutes
ELG Insider #655: How to develop a top skill of the best sellers
Article
|
6
 minutes
How FullStory Increased Client Retention Using Ecosystem-Led Growth Tactics
Article
|
5
 minutes
ELG Insider #654: What sets high-performing sales teams apart
Article
|
6
 minutes
ELG Insider #653: Curiosity killed the cat?
Article
|
3
 minutes
ELG Insider #652: Cheers to outreach success
Article
|
4
 minutes
ELG Idols: Meet the Enterprise Sales Veteran Who Turned commercetools’ Ecosystem into a Revenue Machine
Article
|
7
 minutes
How to Win with Partner Marketing
Article
|
1
 minutes
Nearbound.com is now ELG Insider!
Article
|
4
 minutes
ELG Insider Daily #650: How to boost your Ecosystem-Led Customer Success wins
Article
|
5
 minutes
ELG Insider Daily #649: ELG for and by marketers
Article
|
3
 minutes
ELG Insider Daily #648: The Google + HubSpot story
Article
|
4
 minutes
ELG Insider Daily #646: EQLs, the gifts that keep on giving
Article
|
5
 minutes
What Can B2B SaaS Companies Learn About Ecosystem-Led Growth from a Solo Entrepreneur?
Article
|
4
 minutes
ELG Insider Daily #645: Where is the AI in ELG?
Article
|
3
 minutes
ELG Insider Daily #644: Three easy ELG plays
Article
|
3
 minutes
ELG Insider Daily #642: Make the money follow you
Article
|
5
 minutes
When Sales and Partnerships Partner Up
Article
|
3
 minutes
ELG Insider Daily #640: Do not let anybody ghost you
Article
|
4
 minutes
ELG Insider Daily #639: Do not be an ordinary seller, instead do this!
Article
|
4
 minutes
ELG Insider Daily #638: The secret to customer retention
Article
|
4
 minutes
ELG Insider Daily #636: Speed up deals with this warm intro email template
Article
|
3
 minutes
ELG Insider Daily #635: How to Make the Right Noise at INBOUND
Article
|
4
 minutes
ELG Insider Daily #632: To win in sales, Always Be Collaborating
Article
|
4
 minutes
ELG Insider Daily #631: How to turn frenemies into power partners
Article
|
8
 minutes
Everything You Need to Know to Build a Reseller Program
Article
|
5
 minutes
ELG Insider Daily #630: Give your prospects the gift of time
Article
|
5
 minutes
ELG Insider Daily #628: Boost integration adoption by knowing your customers tech stack
Article
|
4
 minutes
ELG Insider Daily #627: 3 tips to master co-selling with partners
Article
|
4
 minutes
ELG Insider Daily #623: Cold email is not dead, it is just not partner-led
Article
|
4
 minutes
ELG Insider Daily #626: Shorten your enterprise sales cycles by 44%
Article
|
3
 minutes
ELG Insider Daily #625: The sales vet who turned an ecosystem into a revenue machine
Video
|
50
 minutes
The Crossbeam x Reveal merger: Watch Bob Moore and Simon Bouchez give the inside scoop
Article
|
5
 minutes
The story behind the merger: A recap from ELG Con London
Article
|
3
 minutes
ELG Insider Daily #622: To the infinity and beyond of channel partners
Article
|
3
 minutes
ELG Insider Daily #621: Focus on market trends, not just on product demand
Article
|
3
 minutes
ELG Insider Daily #620: How Cloud GTM is Transforming Legacy Partnerships
Article
|
2
 minutes
ELG Insider Daily #619: The GTM Attribution Conundrum
Article
|
3
 minutes
ELG Insider Daily #616: Rollworks' Crawl-Walk-Run Approach to Achieve Time To Value Faster
Article
|
2
 minutes
ELG Insider Daily #618: Get the Exclusive Story of the Crossbeam x Reveal Merger
Article
|
3
 minutes
ELG Idols: A Channel Sales Leader’s 10 Lessons for SaaS Orgs Transitioning to Partner Implementations
Article
|
3
 minutes
ELG Insider Daily #617: The Darling of 2010s Marketing Died. Who Did It?
Article
|
3
 minutes
Nearbound Weekend 06/22: Steal This Framework For Strategic Alliances
Article
|
2
 minutes
ELG Insider #679: Build a revenue-driven partner ecosystem
Video
|
46
 minutes
Nearbound Podcast #168: The BIG Announcement
Article
|
7
 minutes
Nearbound Daily #613: Reveal and Crossbeam Got Married—The Dawn of a New Era
Video
|
2
 minutes
Crossbeam Explains: Co-Selling
Article
|
2
 minutes
Nearbound Daily #614: BREAKING NEWS: Crossbeam and Reveal are Joining Forces
Article
|
2
 minutes
Is Your SaaS Org an Ecosystem Business?
Article
|
3
 minutes
Nearbound Daily #611: How To Best Use Account Mapping At The Expand/Engage Phase of the Bowtie
Article
|
3
 minutes
Nearbound Daily #610: Nelson Wang #1 Lesson Working With Resellers
Article
|
3
 minutes
Nearbound Daily #609: Five Ways To Create Nearbound Sales Champions
Video
|
36
 minutes
Nearbound Podcast #167: Building SaaS Credibility in a Skeptical World - Bobby Napiltonia
Article
|
8
 minutes
The GTM Bowtie: How To Overlay Partners Across the Complete Customer's Journey Part Two
Article
|
3
 minutes
Nearbound Daily #608: Validate Your Partnerships Strategy with 'WOW' Moments
Article
|
5
 minutes
My #1 Lesson in Reseller Strategy that led to $250M+
Article
|
3
 minutes
Nearbound Daily #607: Find and Leverage Signals for Partnerships
Article
|
3
 minutes
Nearbound Weekend 06/15: The Soul of Nearbound
Video
|
32
 minutes
Howdy Partners #70: Generating $5 Million Through Partnerships with Pedro Mattos
Article
|
4
 minutes
Nearbound Daily #605: Are You Utilizing All Four Channels For Intros?
Article
|
4
 minutes
Nearbound Daily #604: The #1 Lesson Every Partner Leader Should Learn From Walmart's Sam Walton
Video
|
45
 minutes
Nearbound Podcast #166: Pete Caputa’s Return: The Partner Led Startup Story
Article
|
4
 minutes
Nearbound Daily #603: Steal This Play to Engage Customers With Partners
Article
|
3
 minutes
Nearbound Daily #602: We Can Do Better With Partner Onboarding
Article
|
3
 minutes
Breaking News Roundup: Microsoft Exec Becomes CTO, HP's Business Model, and Cisco Investing $100 Million in Partners
Article
|
4
 minutes
Nearbound Daily #601: Doing Events The Nearbound Way
Article
|
3
 minutes
Nearbound Weekend 06/08: Use the ICE Framework to "Partner Pill" Every Department
Article
|
5
 minutes
Nearbound Daily #600: 5 Common Mistakes to Avoid When Starting Your Partner Program
Article
|
3
 minutes
The GTM Partners x Reveal partnership
Article
|
5
 minutes
Nearbound Daily #599: Steal This Partnership Value Model
Article
|
7
 minutes
A Deep Dive Into the Nearbound Book, With Mike Midgley
Video
|
47
 minutes
Nearbound Podcast #165: From Zero to $400M in Revenue - Finding Success in a Crowded SaaS Market with Jeff Cheal
Article
|
4
 minutes
Nearbound Daily #598: American Airlines' Recent Mistake Validates The Nearbound Era
Article
|
4
 minutes
Partnership Value Modeling
Article
|
4
 minutes
Nearbound Daily #597: Robert Cialdini On How To Influence Partners To Give You More
Article
|
4
 minutes
Nearbound Daily #596: How to Apply For a Job Like a Pro
Article
|
7
 minutes
How Bynder doubled the size of their tech ecosystem in just six months with ELG
Article
|
4
 minutes
Nearbound Weekend 06/01: How to Solve B2B Marketing with Nearbound
Article
|
6
 minutes
Your ELG buy-in playbook: How to bring your org’s key players on board
Article
|
4
 minutes
Nearbound Daily #593: Partners Are Not Your Glorified BDRs

Subscribe for Access

NU - GoToEco

Using Composable Ecosystem Management To Break Down Market Silos
by
Allan Adler
SHARE THIS

What if Ecosystem and Partner Leaders took a similar Composable approach to managing partner ecosystems across key ecosystem management functions like ecosystem marketing & ecosystem enablement?

by
Allan Adler
SHARE THIS

In this article

Join the movement

Subscribe to ELG Insider to get the latest content delivered to your inbox weekly.

There’s a concept in software and platform design known as Composability. It’s founded on the design principle that elements of a system should be “pluggable, scalable, replaceable, and able to be continuously improved.”


The approach allows developers to reduce complexity and build applications quickly and easily utilizing best-of-breed, independent components that can be combined in an API-driven complete solution.


What if Ecosystem and Partner Leaders took a similar Composable approach to managing partner ecosystems across key ecosystem management functions like ecosystem marketing & ecosystem enablement? Leveraging Composable Ecosystem Management would allow B2B SaaS companies to break down the silos that keep Partner Ecosystems from becoming EPS (efficient, predictable, scalable) revenue engines.


The big idea behind Composable Ecosystem Management is that key partner management functions (critical in the GoToEco process) need to be architected and administered with a level of flexibility that is not common in portal and other partner management systems of old. The Design models of older systems, such as traditional PRM, partner marketing, and partner enablement, presume to manage partnerships in silos and hierarchies that no longer resemble the way partners partner or the way buyers buy.


Today customers want to buy and utilize ecosystem-based, integrated, interoperable, end-to-end solutions. Customers push back on vendors who try to sell siloed solutions that lack the support and endorsement of trusted business partners. And partners want to work with vendors that understand ecosystem orchestration. Vendors who GoToEco rather than Going to Market with full-stack approaches, are favored by potential technical (integration) and channel (sales and services) partners.


Let’s dig into the ways Composable Ecosystem Management can help drive EPS.


Composable joint solutions and businesses

The foundation for most collaboration in an ecosystem is the Joint Solution. Two partners cannot GoToEco without a joint offering that should, to the degree possible, be treated as its own offering and business opportunity. However, even though most B2B SaaS companies partner-up to create joint solutions, many usually stop there and don’t properly monetize the resulting Joint Business. In such cases, 95% of the Joint Solutions receive sub-scale investments and shadow GTM that leave seven-figure revenue opportunities on the table.


This is a core reason why partner ecosystems do not become EPS (efficient, predictable, scalable) revenue engines.

A composable approach turns a Joint Solution into a Joint Business by aligning four key organizational functions, Product, Marketing, Sales, and Customer Success, across partners. Both partners in this model focus on managing and monetizing the joint solution, rather than their own independent products, aligning independent business activities across the two organizations.


This type of integrated approach provides customers with integrated solutions referred by a trusted source, and results in 34% higher ACV, 50% faster time to close vs direct-only GTM motions, and 70% higher conversion rates, giving CFOs and CROs an unstoppable, EPS revenue engine.


Composable organizations

To overcome the narcissistic impulse of most B2B SaaS GTMs, companies need to remember who they serve – the customer. And an ecosystematic approach is required. Everything in a company GTM strategy should be customer first, starting with how the product fits into the customer’s ecosystem stack and how partnerships support a customer value roadmap.


This is only possible with an integrated approach where each business function engages with the ecosystem:


  • Product - A maniacal focus on the Product roadmap and features need to focus instead on Joint Solution road mapping and co-innovation strategy.
  • Product Marketing - Emphasis on product features or functions must instead focus on Joint Solution use cases, including partner products.
  • Marketing - Instead of focusing on creating and converting MQLs, the focus should shift to emphasize joint Account-Based Marketing leveraging partner referrals as the highest impact motion.
  • Sales - Direct-to-market demand gen and AE push becomes a race to create 100% partner-attached pipelines. No deals happen if they don’t include and leverage a Joint Solution.
  • Customer Success - What was a renewal challenge now becomes a race to 99% renewals built on 2, 3, 4, or more Joint Solutions and customer success built around end-to-end product use cases.


Companies need to continuously remember the GoToEco magic of Win/Win/Win: we only win when our customers and partners win. Regardless of department, OKRs and KPIs must ensure the vendor’s success, the customer’s success, and the partner’s success.


Composable governance

From a governance and management perspective, companies need to be more precise and intentional about the processes, tools, and automation they invoke to drive composable joint solutions. Outdated tools, such as portals and other technologies that lock users into silos and hierarchies, fail to deliver on the promise of Joint Solutions.

Two ecosystem management functions provide good examples:


Traditional vs. composable ecosystem marketing

Traditional partner marketing is typically a monolithic one-way motion from vendor to channel (Vendor Product → MDF → Channel Engagement). Composable Ecosystem Marketing is built on a few core principles that companies like Channext lead with. These flip the traditional model by putting the Partner & the Joint Solution at the center. This means that the partner gets to compose the marketing that delivers what the customer needs; the partner decides, not the vendor. Composable marketing management has to happen on a platform, not in a portal.


Traditional vs. composable ecosystem enablement

Traditional partner enablement is also mono-directional and hierarchical (Product Enablement → Channel Engagement). Composable Ecosystem Enablement is built on a few core principles that companies like TIDWIT lead with. These allow the creators of Joint Solutions to compose and distribute enablement that is specific to the Joint Solution they sell and made available to any constituent that needs to leverage solution enablement content. This allows Joint Solution partners to compose and evergreen enablement content they deliver.


If you’d like to learn more about how Composable Ecosystem Management helps partner leaders to break silos, click here to attend our Oct 5 webinar at 11 am EST with Rick van den Bosch from Channext and Will Yafi from TIDWIT.


Prefer to listen? Subscribe to our nearbound.com Articles Podcast. Text-to-speech provided by our partner Voicemaker.in.



You’ll also be interested in these

Article
|
5
 minutes
Article
|
5
 minutes
How to Learn the Partnerships Love Languages
Article
|
5
 minutes