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Rubik's Cube Envy, Anyone?
I
read recently that 2010 marks the 30th anniversary of the Rubik's
Cube. Slow news day, perhaps, but this took me right back to
my brief intrigue with the brainteaser when it was launched. I reflected
on the marvel of the multi-dimensional, colorful puzzle that precocious
children pick up in no time and then insist on annoying impressing
adults with their mental dexterity. Of course, any of us could
figure it out if we had the time, or wanted to give our maturing
neurons a little spin. But time is in short supply, so we grit
our teeth smile at our gifted youth and go about our days.
And of course, those days are filled with plenty of challenging
puzzles in and of themselves. They are masked often as customers
and partners: customers in how they buy, and partners in how they
sell - neither of which is getting any simpler or more straightforward.
Then, at the core is the solution, awaiting discovery. It can
all be a bit daunting.
Daunting yes, but like the Rubik's Cube, not impossible to conquer
- once an understanding of the underlying puzzle architecture
and patterns helps to distill the complexity to a few basic principles.
So, at the risk of over-simplifying (and keeping in mind that more
than one type may be at play at any one time), the following
channel selling models will ground you in working effectively with
your partners -- from program design, to compensation, to your
overall value proposition:
-
Referral
(think
"here you go!")
Referral
channels are like an outsourced sales organization. They
uncover and qualify leads up to the transaction, which occurs
ultimately between you and the customer. Everything after
the sale - from deployment through post-sales support - remains
your job, keeping you directly accountable for the customer
relationship and satisfaction.
Referral channels are used to help generate demand for your
brand, and often to minimize the cost of sales. Because referral
channels engage only at the front-end of the sales cycle, they
are relatively easy to disengage, if your direction changes
or proves unproductive.
-
Resale
(think "one hand to the next")
Resale channels are those that reach the customer on your
behalf (with or without your brand) and, generally, enhance
the value of your part of the solution with a competency that
you do not consider core to your business. In general, resale
channels bring unique market access, knowledge and services,
and, frequently, are essential for scaling your business.
Resale channels offer the potential for broader customer reach
with more complete, integrated solutions than you might provide
cost effectively on your own. As a result, it's essential
that your resale channels are equipped to sell, support, and
service your offering as effectively as your own sales and
services organizations.
-
Co-sell (think
"arm-in-arm")
Co-sell channels come into play when the customer solution
requires discrete knowledge or capabilities, and sometimes
brand assurance, from the providers of the different components
of the solution. Co-selling brings you and your channel
partner together to sell, deliver, and support your respective
and complementary parts of the solution.
Co-selling can reduce the cost of sale for both parties, as
you and your partner focus on pre-and post-sales for your
particular solution components. In addition, co-selling
opportunities require close collaboration, with each party
driving for a mutually beneficial close.
There
are 43,252,003,274,489,856,000 different combinations for those
multi-colored Rubik's Cube puzzle pieces (really!) - enough
to confound even the most cunning and patient person. Sometimes,
it feels like there are as many potential combinations for our go-to-market
channels. And while customer purchasing behavior will never be
predictable and simple, reflecting upon the three core channel selling
models can bring a semblance of order to the chaos, and help you
to stay ahead of the cube curve.

Opportunity Knocking
Clients Seeking Candidates
Our clients and business comrades
are looking for a candidate to fill the following position:
Candidates Seeking Job Opportunities
The following individuals are looking for opportunities
to add value to companies seeking channels or business
partner expertise:
-
Entry-level
Marketing Professional
-
Senior Partner/Alliance Marketing
Professional
If you are seeking an opportunity
or a candidate with such skills, please contact
us for more information.
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