Your guide to succeeding in Partnerships 🚀 Here’s what you need to prioritize to make your partnerships thrive👇🏻 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐁𝐮𝐲-𝐈𝐧 🤝 𝐖𝐡𝐲 𝐢𝐭 𝐦𝐚𝐭𝐭𝐞𝐫𝐬: Without the backing of your internal teams, whether it’s sales, marketing, or leadership... your partnerships won’t get the attention and resources they need. 𝐇𝐨𝐰 𝐭𝐨 𝐝𝐨 𝐢𝐭: → Align your goals with the company’s broader objectives. → Regularly communicate wins and progress to stakeholders. → Demonstrate how partnerships contributes with clear data 𝐓𝐫𝐚𝐜𝐤 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐑𝐎𝐈 📈 𝐖𝐡𝐲 𝐢𝐭 𝐦𝐚𝐭𝐭𝐞𝐫𝐬: Without data you're blind, measuring the ROI is critical for proving your value. However, this requires you to have great processes and a solid tech stack. 𝐇𝐨𝐰 𝐭𝐨 𝐝𝐨 𝐢𝐭: → Implement partnership-specific tools that integrate with your existing systems, enabling precise tracking and reporting. → Align with rev-ops to ensure data consistency and avoid the pitfalls of disconnected systems. → Stop thinking about attribution as a zero-sum game and you'll be able to capture the full impact of your partnerships 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐞 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 🥇🥈🥉 𝐖𝐡𝐲 𝐢𝐭 𝐦𝐚𝐭𝐭𝐞𝐫𝐬: Not all partners will deliver the same value. Focusing on the right ones ensures your efforts are spent where they’ll have the most impact. 𝐇𝐨𝐰 𝐭𝐨 𝐝𝐨 𝐢𝐭: → Use data to identify which partners drive the most value and create a solid Ideal Partner Profile (IPP) → Regularly review partner performance and adjust your focus as needed. → Develop a clear strategy for engaging high-potential partners and breaking up with low-potential ones Success in partnerships isn’t just about building relationships it’s about strategic prioritization.
Without a doubt, having a solid tech stack and accurate data is crucial for partnerships. How often would you say is ideal to review partner performance and adjust focus?
Another gem of partnership insights — keep it up! 🤩
Head of Global Partner Operations @ Tricentis 🧢 | Speaker, Advisor, & Mentor 🌎 | Ex-IBM 🔵 | Need help with partnerships and partner ops? Let's talk! 🫱🏻🫲🏽
4moI'd argue that its a bit more than just ROI, Having said that, this is a great list