September 16, 2016
Written by Bloomfire Admin
The principle is pretty simple: The sooner channel partners can get their hands on all the information they need to sell a company’s product or service, the sooner they can make meaningful revenue contributions to the company. Partner portals can provide a great window into the resources partners need – whether they’re new channel partners coming in with little knowledge about the company and its offerings, or veteran partners who need to learn new information whenever company products or processes change (as they invariably do).
So what should partners be able to access through the portal? There should be information for them in the five key areas described below. There should also be easy ways to engage with people in the company if they have questions or need guidance about the most effective ways to use the information that’s available to them.
Here are some examples of knowledge in the areas listed above that can be effectively shared with partners through a portal:
1. Processes & Programs: The how, when, what of being a channel partner .
Every company has its own approach to the processes associated with working as a channel partner, you may even have a formalized program with requirements your partners must meet. A good understanding of process – whether it’s for something as basic as completing a sales lead form, or as essential as grasping how the incentive program works – is fundamental to avoiding delays in getting revenue to the company or, conversely, getting partner teams paid for the work they’ve done. It’s also the type of understanding that partners need from day one to be effective.
2. Product info & Training: Everything there is to know (and maybe more).
Many companies have a number of information resources available both for partners to get up to speed on products or services and for them to use to inform and persuade prospects about those products or services. Brochures, flyers, data sheets and training courses: It can be enough to overwhelm anyone. And that’s why it’s important to have these resources easily accessible and well organized in the partner portal. And it’s equally important to make it easy to engage with someone in the company if questions come up.
3. Market intelligence: Who’s buying what partners are selling?
Partners don’t just need to know what they’re selling; they need to understand intimately who they’re selling to, where the opportunities lie, and who the competition is. Market assessment and forecasting tools, competitive intelligence – all of this has a place in the partner portal.
4. Sales tools: What they are and how to use them.
You can have the best proposal-building tools and presentation templates in the world, but they’ll be of little help to partner teams if they’re not quick and easy to find and use. Organize them well, provide simple access to them, and make sure there’s a way to learn how to use them effectively. For example, the partner portal could include links to other proposals that have been effective, or even links to sales veterans giving pitches that worked well.
5. Pricing, part numbers, rebates, etc.: Don’t let partners get caught up short.
Data such as pricing and part numbers changes all the time, making it critical to be sure partners can always see the latest information. It just makes sense to make it available through the same partner portal that leads them to the rest of the information they need. If you provide rebates and incentives to your partners, be sure to keep the most updated guidelines in your portal as well.
Here’s the catch to all this: For a partner portal to work successfully as the means by which partner teams get information to do their jobs, all the information described here has to be available in one integrated source that’s accessible through the portal – not just some of the information. The minute a partner has to go hunting down something that’s not there, or can’t reach out for an answer or clarification when it’s needed, it threatens to slow down or even stop the whole channel sales process – and that’s not good for them, or for you.
Set up your partner portal to provide access to a single, comprehensive source of all the information your channel partners need, and see just how much more productive they can be.
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