10 november 2011
DESCRIPTION
Best Practices Webinar Series Presents… “ Tune Up Your Joint Marketing Program for 2012 ” Featuring Dale Taormino, Director of Professional Services, CCI Inc. 10 November 2011. Dale Taormino Director, CCI Professional Services. 15 years experience developing channel programs Partner strategy - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/1.jpg)
Best Practices Webinar Series Presents…
“Tune Up Your Joint Marketing Program for 2012”
Featuring Dale Taormino, Director of Professional Services, CCI Inc.
10 November 2011
![Page 2: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/2.jpg)
Dale Taormino Director, CCI Professional Services
• 15 years experience developing channel programs– Partner strategy– Program development– Domestic and international implementations
• Currently heads CCI’s professional group– Program design & optimization consulting– Management of all new software deployments– Trusted advisor
• Formerly…– Director of Business Development & Marketing for FON Wireless– Manager of Global Partner Programs for Mindjet Corporation
04/22/23Page 2
![Page 3: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/3.jpg)
Agenda
1. Establishing Program Objectives2. Aligning your Program with the 3 ‘Masters’3. Using the 8 Key Variables to Drive Program Structure4. Gathering Metrics for ROI Insight5. Wrap Up: Common Pitfalls & Quick Wins
![Page 4: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/4.jpg)
Comprehensive Solution Delivery
Optimize program design and performance
SaaS application suite to manage all program activity
Streamline operations with administrative services and support
On Demand Software
Program Management
ProfessionalServices
![Page 5: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/5.jpg)
Technology Focused Clients
Hardware Software Storage Telecom Entertainment Other
![Page 6: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/6.jpg)
PART 1: ESTABLISHING PROGRAM OBJECTIVES
What are the right objectives for your Joint Marketing Program?
![Page 7: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/7.jpg)
Variety Program Objectives• Increase sales overall or of specific products/solutions• Promote up-sell or cross-sell of new products to existing
customers• Recruit new channel partners with special “jumpstart”
allowances
• Focus spending behind specific initiatives, media, or events
• Help introduce products/solutions to new target segments
• Focus on target industries, or geographic markets
• Win channel Mindshare and Share of Voice vs. competition
• Improve channel “readiness” by enabling training, certification, and other knowledge building activities
![Page 8: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/8.jpg)
Review Your Program Objectives
Partner Go-to-market
strategy
Customer
Purchase Process
1. Review in context of corporate goals/strategy
2. How will your program contribute? How can the dollars available best be utilized?
3. Adjust (if necessary) and write in SMART format
SpecificMeasurableAttainableRelevantTime-bound
![Page 9: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/9.jpg)
Targeted Program Objectives
To…..
“Increase sales overall or of specific products/solutions”
“Gidget Inc.’s 2012 Joint Marketing Program will provide funding to partners for field marketing campaigns that will drive the launch of our Synergy Solutions product line to the into health care vertical, and goal of $1M in sales & 2% market share.”
![Page 10: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/10.jpg)
PART 2: ALIGNING YOUR PROGRAM WITH THE THREE “MASTERS”How aligned are your objectives?
![Page 11: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/11.jpg)
Hitting the Program ‘Sweet Spot’
Partner Go-to-market
strategy
Customer
Purchase Process
PARTNER1. How does your
channel GTM?2. Are they
fulfillment? Adding value?
3. Selling just your solution or other?
CUSTOMER1. Are your brand or
are you a component?
2. What is their relationship with you and your partner?
ENVIRONMENT1. Expectations set by competition?2. Regional needs and practices?
![Page 12: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/12.jpg)
Aligned Program Objectives
To…..
To…..
And…
“Increase sales overall or of specific products/solutions”
“Gidget Inc.’s 2012 Joint Marketing Program will provide funding to partners for field marketing campaigns that will drive the launch of our Synergy Solutions product line to the into health care vertical, and goal of $1,000,000M in sales & 2% market share.”
“Gidget Inc.’s 2012 Joint Marketing Program will provide funding to certified Gold and Silver partners for field marketing campaigns that will drive the launch of our Synergy Solutions product line to the into health care vertical in the US & EMEA markets, and goal of $1M in sales & 2% market share.”
reflected in the 8 Key Program variables…
![Page 13: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/13.jpg)
PART 3: USING THE 8 KEY VARIABLES TO DRIVE PROGRAM STRUCTURE
How do I translate my objectives to my program structure?
![Page 14: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/14.jpg)
Program Structure: Key Variables
![Page 15: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/15.jpg)
Program Structure: Key Variables1. Program Eligibility • Which channel partners will
be offered the program?
• Will they all be offered the same program?
Robinson-Patman Guidelines:
“Competing channel partners must be offered similar programs on a proportionately equal basis”
Robinson-Patman Guidelines:
“Competing channel partners must be offered similar programs on a proportionately equal basis”
![Page 16: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/16.jpg)
Program Eligibility Examples• B2B Mobile Solutions Provider
– Coop Program for distribution partners– MDF Program for all other channel partners
• Design Software Company– MDF program for certified partners only– Top tier (over x dollar) is given specific MDF budget annually based on
sales volume• Printing Equipment & Managed Services Company
– Program for ‘volume’ partners– Targeted Program for ‘value’ partners that support higher end
solutions
![Page 17: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/17.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period
• Annual or quarterly are most common
• Should align with sales cycle and product/solution seasonality
• Do you need a lesser or greater degree of control?
![Page 18: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/18.jpg)
Product Seasonality vs. Program Period
![Page 19: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/19.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period3. How funds are earned
• Discretionary or earned accruals? Combination?
• Past sales performance or anticipated future performance?
• Do the funds roll off or expire at once?
![Page 20: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/20.jpg)
Baseline definitions• Co-op programs
– Marketing allowances are accrued as a percentage of sales, funds are considered more of an entitlement
– Guidelines are well defined, with comprehensive proof-of-performance requirements
– May require minimal pre-approval requirements fostering ease-of-use– Lend themselves to expense accounting
• MDF/JMF programs – Discretionary funds, not ‘owned’ by partners– The available funds are often not announced in advance, but are negotiated to
achieve specific goals – Often require less complete proof-of-performance documentation than
traditional co-op programs, and pre-approval is required – Lend themselves to contra-revenue accounting
![Page 21: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/21.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period3. How funds are earned4. Products Promoted
• Will the accrual or reimbursement level vary with specific products?
• Will program target all products/solutions or a subset?
![Page 22: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/22.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period3. How funds are earned4. Products Promoted5. Eligible Activities
• How will the activities allowed support your go to market strategies?
• How will they support your Partners’ go-to-market strategies?
• What behaviors will you want to ‘reward’?
![Page 23: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/23.jpg)
Eligible ActivitiesMarcom Business Development Partner Enablement
• Advertising• Direct Mail• Tradeshow• Literature• Catalogs• Merchandising
• Demo Programs• Telemarketing• Events/Seminars• Purchase/Sales
incentives
• Training and certification
• Product Champion/ Funded headcount
• Facilities
Co-opMarketing Expense
MDFContra Revenue
![Page 24: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/24.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period3. How funds are earned4. Products Promoted5. Eligible Activities6. Reimbursement % • To what extent do you want
to reward certain behaviors? Or discourage others?
![Page 25: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/25.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period3. How funds are earned4. Products Promoted5. Eligible Activities6. Reimbursement %7. Creative Requirements
• Brand adherence requirements for funding?
• Will you provide tools? Or, provide special incentives for use of your tools?
![Page 26: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/26.jpg)
Program Structure: Key Variables1. Program Eligibility2. Program Period3. How funds are earned4. Products Promoted5. Eligible Activities6. Reimbursement %7. Creative Requirements8. Reimbursement Method
• How will you reimburse efforts? Cash? Credit?
• Should the method be consistent across all partner segments?
![Page 27: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/27.jpg)
Example of Objectives to VariablesGIDGET INC.• Corporate Strategy (Sales/Mrkt/Channel)
– Focused on cross-sale, up sale in existing accounts
– Direct sales and small value add, solution oriented channel
• Channel GTM– Complementary products, selling
network implementation, service contracts
• Customer Buying– Expertise, reliability, uptime & fast
service for issues of key importance• Environment
– Regulations differ greatly region to region
– Brand vs competition recognition differs greatly
![Page 28: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/28.jpg)
Example of Objectives to VariablesGIDGET INC.• Corporate Strategy (Sales/Mrkt/Channel)
– Focused on cross-sale, up sale in existing accounts
– Direct sales and small value add, solution oriented channel
• Channel GTM– Complementary products, selling
network implementation, service contracts
• Customer Buying– Expertise, reliability, uptime & fast
service for issues of key importance• Environment
– Regulations differ greatly region to region
– Brand vs competition recognition differs greatly
PROGRAM IMPACT• Program available to established, certified
and trained partners• Funds run annual• Funds are accrued based on past sales
volume, additional discretionary fund for service only partners
• Only enterprise products eligible• higher reimbursement %’s on funded
headcount, and education oriented activities (for partner)
• Branding & competitor displacement activities have higher reimbursement in some markets
![Page 29: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/29.jpg)
PART 4: GATHERING METRICS FOR ROI INSIGHT
How best can I best measure program results?
![Page 30: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/30.jpg)
Perception:
Direct Mail
Marketing Activities Directly Result in a Sale
Sale
Activity: Direct Mail Metric: Units Sold
![Page 31: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/31.jpg)
Practical Application of MetricsSales are a result of multiple activities by Vendor & Channel
•Direct Mail•Email•Advertising
• Cust. Event • Telemarketing
• Demo/ Eval. Unit
• SPIF/ Sales Incentive
• Responders• Leads
• Attendees• Appointments
• Units Placed• Proposals• Opportunities
Created
• Units sold• Sales value• Opportunities closed
Activities:
Metrics:
Awareness Awareness Interest Interest Desire Desire (Trans-) Action (Trans-) Action
Tactical Activity Metrics Business Outcome Metrics
Quick Win:
Examine your program activities – are you paying for activities that are the domain of corporate marketing?
![Page 32: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/32.jpg)
Captured from individual activities
Metrics Hierarchy
![Page 33: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/33.jpg)
Metrics Hierarchy
Business goals attained through marketing programs
![Page 34: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/34.jpg)
Metrics Hierarchy
A roll-up of partner performance
![Page 35: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/35.jpg)
Metrics Hierarchy
Key take –away:• Designated metrics must be indentified
in advance and captured at every level
• ‘Lowest’ metric must map to ‘highest’
• Begin by measuring baseline: where are at in relation to where you are going?
![Page 36: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/36.jpg)
Standardization Facilitates Comparison
Key Take Away:
Standardizing data format (and compliance) key to insights on ROI at activity, business and program levels
Key Take Away:
Standardizing data format (and compliance) key to insights on ROI at activity, business and program levels
![Page 37: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/37.jpg)
Example of Metrics AlignmentGIDGET INC.• Program Goal
– Increase product up sales in existing accounts
• Business Outcome– Develop opportunities by
promoting benefits of newest product to accounts with old legacy product
• Tactical Activities– Email and Direct mail campaigns– Educational Webinars– Regional 1-day seminars
Metrics Hierarchy• Program Metrics
– % increase in accounts moved from legacy to new product
– Pipeline conversion %– Gross Margin of opp. won
• Business Metrics– # of new opportunities created– # of proposal delivered to existing
accounts for new proposal• Tactical Metrics
– # of impressions– # of attendees– # of leads– # of demos
![Page 38: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/38.jpg)
PART 5: WRAP UP: COMMON EXECUTION ERRORS AND QUICK TIPS
![Page 39: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/39.jpg)
Execute for SuccessCommon Execution Errors Remedy
• Low utilization rates
• Poor program understanding
• Poor alignment with Partner needs
• Clear, concise guidelines for program participation. • Simplified administration through automated processes
• No clear benefit to the program, no clear ROI
• Payments take too long
• Poor or delayed follow-through on special requests
• Program perceived as too vague or complex
• Objectives not properly identified• Metrics not universally implemented or available
• Cash flow is the largest concern for most business today most programs are pre-funded by channel partners, reimbursement should prompt-- less than 30 days from claim approval
• Program administration should follow-up within 48 hours for all special requests
• Survey partners to better understand your program alignment with their go-to-market strategy
• Assure adequate training is in place to assure uniform understanding of program benefits and administration
• Consider joint planning with larger partners through high-touch Channel Account Managers
![Page 40: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/40.jpg)
Wrap Up1. Establish Relevant Program Objectives
1. Tie your objectives to your Sales, Marketing & Channel Strategy
2. Be specific & measurable – use the SMART format
Quick Win:
Review program objectives annual in relation to Corporate objectives
Update SMART format
![Page 41: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/41.jpg)
Wrap Up1. Establish Relevant Program Objectives2. Align Objectives with the ‘3 Masters’
1. Partner Go-to-Market2. Customer Purchase Process3. Competitive and Regional Environment
Quick Win:
Review program objectives annual in relation to changes in the three masters
Fine tune objectives accordingly
![Page 42: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/42.jpg)
Wrap Up1. Establish Relevant Program Objectives2. Align Objectives with the ‘3 Masters’3. Design Program to the 8 Key Variables
1. Program Eligibility2. Program Period3. How funds are earned4. Products Promoted5. Eligible Activities6. Reimbursement %
Quick Win:
Reduce reimbursement % (or eliminate) on low value activities
Provide ‘in the box’, pre-packaged campaigns & tools for high value activities
![Page 43: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/43.jpg)
Wrap Up1. Establish Relevant Program Objectives2. Align Objectives with the ‘3 Masters’3. Design Program to the 8 Key Variables4. Gather ROI insight with multi-level metrics
1. Tactical goals = results of individual marketing activity2. Business goals = business or campaign outcomes3. Program goals = overall attainment of program objectives
Quick Win:
Normalize metrics to standardize and enable comparisons
Consider an automated marketing planner solution
![Page 45: 10 November 2011](https://reader036.vdocument.in/reader036/viewer/2022062520/568158f4550346895dc62f15/html5/thumbnails/45.jpg)
04/22/23Page 45