Motivating a channel partner, such as one of your distributors or resellers, is different to motivating your own workforce. When encouraging your own staff, your priority is to focus them on your company values or business goals like customer service, sales performance or even product quality, so that they can relay these principles directly to your customers.
Your channel partners require a much more straightforward approach. Specifically, a product they can sell easily, to maximise profits with minimum fuss.
For the best results, you need to inspire your channel partners to sell your products and services, over and above those of your competitors – who will also be clamouring for attention. Your priority needs to be ensuring they are incentivized to concentrate on your offerings and equipped to provide a best practice service when it comes to selling them.
We are CR Worldwide
Brands of all types trust us with their Channel Incentives
How can you get more from channel partners?
The key is to develop a strategy to engage with them. The good news is, you can engage in a number of ways:
- Invest in time and resource. Concentrate all your resources in one place for ease and focus, like within an online platform that encompasses incentives, goals & targets, promotions, claim forms, e-Learning, rewards and so on.
- Group your partners according to size, so targets and rewards can be efficiently allocated, managed and made available to all.
- Position your company messaging at the forefront to attract attention and maintain momentum. Vehicles to achieve this include SPIF days, giveaways and incentives.
- Provide education for partners so they feel confident about your product and are able to communicate key messages easily. You might managed this through remote e-learning or on-site training days.
- Offer rewards for good performance with tiered options available for different levels of achievement. Options could range from shopping vouchers up to incentive travel for high level successes.
Regular communication develops relationships and will lead to your partner caring more about your business and wanting it to do well.See how we can help with your channel incentives
Make it personal
In order to get this across and make an impact with your channel partner, develop your relationships. The more contact you can facilitate the better: it will keep you and your products top of mind, and will allow you to understand your partner better. Incentives put this into practice, as they give you an excuse to keep in touch with partners in a positive way. So not only will your partners benefit, but you will too.
Make it easy
As a channel partner, if you had to choose between an easy sell and a hard sell, it’s pretty obvious which is more appealing. In a crowded marketplace, if you can make it easy for your partners to sell your services they’re likely to sell more of them.
Make sure they have everything they need, from pricing to sales brochures, and make the pricing systems straightforward. If it’s easy for your partner to calculate profits and see exactly what’s in it for them, they’re going to be all the more motivated to do a good job for you.
Logic suggests the more partners you have, the more opportunities there are for your products to reach the end-user. But this doesn’t necessarily always happen. The more partners you have, the harder these relationships can be to manage and performances levels will drop.
Make sure your channel team can efficiently manage and support your partners; anything beyond this will lead to wasted time and effort. Fewer partners, performing well, will have a much more positive impact on your sales figures.
A well-managed and motivated channel is a force to be reckoned with and will help to make your business a success.
Getting more out of your sales channels
Incentive schemes are the perfect way to improve engagement with your brand and drive a consistent level of high performance, not only internally but with your channel sales partners too. The right channel incentive can reap major rewards for your business – keeping your brand front of mind and encouraging your sales channel teams to prioritise your products and services above others.
At CR Worldwide, we can quickly design, launch and optimise effective channel incentive programs that drive increased sales for your business. Our channel incentive schemes are:
Easy to implement — Our turnkey MyRewards platform can be tailored to suit the specific requirements of your business, which means you can be ready to implement incentive schemes quickly
Easy to use — It’s easy for your sales channel teams to track their targets and performance as well as view potential rewards, because we’ve designed our platform to be easy to use and quick to launch
Easy to manage — Managing, organizing and tracking your channel incentive scheme is easy. This is thanks to the inclusion of real-time reporting tools to chart ROI and budget management
We’d love to excite, engage and inspire your sales channel partners with our channel incentive schemes. To speak to a member of our award-winning team:
Or visit the contact us page to make a quick online enquiry to find out how to drive your business performance today.