Why partnerships are your secret weapon. Partnerships are more than a revenue channel or a team. Partnerships are a force multiplier to... - Reduce CAC - Get attention - Reduce churn - Increase CLTV - Generate leads - Fill feature gaps - Drive reputation - Boost your reach - Increase deal sizes - Increase close rates - Shorten sales cycles - Reduce time to value - Reduce marketing spend - Drive customer happiness - the list goes on and on and on… Here's the thing though: a) You have to actually measure the impact of partnerships, otherwise, you will sound like the guy always taking credit for everything. b) Focus on a limited number of KPIs and optimize for them; don't try to be everything for everyone.
Exactly! So many b2b companies do not realise how to properly build partner networks and where to find new partners, missing out on so many opportunities 😵
Well said my friend - and even more importantly, you have to have action-points and related workflows attached to your chosen metrics. Measure x action = 🚀
I've seen firsthand how partnerships can drive growth and success. This list really captures all the benefits!
Focusing on just a few KPIs makes it easier to see what’s working best
Number 2 🤩 Attention is your most valuable asset!
A Man in Finance (eCommerce & Payments) a.k.a Commercial Partner Manager - Agencies & Referrals @ Ecommpay 💳
6moFACT: Focus on a limited number of KPIs and optimize for them! Don't try to be everything for everyone. Smart advice – honing in on key performance indicators can really help in making partnerships successful and manageable.