Date post: | 13-May-2015 |
Category: |
Technology |
Upload: | csbcommunity |
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How to Grow Indirect
IT Channel Revenue
by 400% (or More)
Presented by CSBexcellence
Partner Productivity
www.csbexcellence.com Copyright © 2014 CSBexcellence Page 2
Cloud Vendor
20%
80%
ChannelPartners
ChannelRevenue
20%
80%Drives
Drives
Does 20% of your channel drive 80% of your revenue?
Copyright © 2014 CSBexcellence
Business Impact
• Your channel revenue could be much, much higher
• Your rate of growth could be much, much faster
• You’re wasting time & resources on low-performers
• Your revenue is at risk if any high-performers go away
www.csbexcellence.com Page 3
Your success is tied to the success of your channel!
If 80% of your channel is underperforming…
Low Productivity Factors
Your channel partners may … • Lack resources to generate new business
• Have little or no experience in sales & marketing
• Be reluctant to invest money in marketing programs
• Have saturated their installed customer base
• Or, simply lack the motivation to grow their business
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You can remove all of these obstacles, except the last one.
The Answer is SALES LEADS
• Many partners know how to close deals
• Most partners don’t know how to find deals
• Resources that enable partners are only partially effective
• Qualified sales leads are the shortest path to growth
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What if your partners were seeded with quality leads?
Leads: The missing ingredient in most channel programs
Lead Quality is Key
• Targeted at the right kind of customer
• Sales-ready prospects in the buyer zone
• Produced on a consistent basis
• Generated at a low cost-per-lead
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Lead quality makes all the difference, IF leads are:
A quality lead funnel drives higher & sustained revenue growth
Partner Productivity: One Scenario…
• Increased average deal size from 15 to 20 users?
• Increased one-time revenue from $40 to $50 per user?
• Increased recurring revenue from $40 to $50 per user?
• Increased deal acquisition from 0.5 to 1 deal per month?
• And you added another 25 new partners just like them?
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What if your best partners:
Your channel revenue would grow by 400%
How to Increase Revenue by 400%
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Ideal Channel Revenue
Existing Channel Revenue
400% Increase
Partner Productivity Modeling Tool
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Existing & Ideal Input Assumptions Detailed Revenue
Projections GraphicalSummary
TAB #1TAB #2
TAB #3
Download the model at: info.csbexcellence.com/partner-productivity-model
Generate Quality Leads with Inbound Marketing
• To nurture more leads into buyers
• Target more high-value customers
• Deliver more sales-ready leads
• Generate leads with more consistency
• Reduce the cost of customer acquisition
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Use Inbound Marketing to Recruit New Partners
• Define and target your ideal partner profile
• Attract prospective partners with online content
• Nurture, qualify and convert the best-fit partners
• Onboard new partners with an end-customer inbound marketing program to build their funnel
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Inbound is the “NEW” Marketing
• The average buyer completes 57% of the buying process before ever contacting a sales person (CEB – New Decision Timeline)
• 85% of tech buyers need to encounter at least 3 pieces of content before engaging solutions provider (Marketing Sherpa)
• 30-50% of leads that enter the sales pipeline are qualified leads that are not ready to buy (Gleanster)
• Companies using inbound marketing have 55% more traffic & 70% more leads (Hubspot)
• Inbound marketing cuts deal acquisition cost in half (CSBexcellence)
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Inbound Marketing as a Managed Service
SEO
SEMGraphics
Analytics
Strategy
LeadNurturing
Conversion
ContentSocialMedia
HTML
• Flat monthly fee
• Deep experience
• Multiple disciplines
• Flexible & adaptable
• Fraction of the cost of internal resources
• Scalable up & down
• Operates as your virtual organization
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The Return on Investment
Managed Funnel
$$$
- Suspects- Prospects- Opportunities
Traffic
Content for Website & Offers(based on buyer persona)
Landing Pages(conversion-optimized)
Leads
Segmented Database$2,500/month Revenue Generated36 months Contract Term$90,000 Contract Value50% Gross Margin$1,250/month Gross Profit $2,500/month Marketing Expense2 months Payback Period$42,500 Return on Investment
Typical Inbound Marketing ROI
Targeted Buyers
Incremental Revenue
(SEO, Blog &Social Media)
Copyright © 2014 CSBexcellence Page 14www.csbexcellence.com
Constant Measurement and Optimization
Key Performance Metrics• Traffic volume
• Site conversion
• Lead quantity
• Lead quality
• Deal acquisition rate
• Average deal values
We monitor the Metrics That Matter on a performance dashboard We assess the role of content, campaign strategy and methodsThen we do more of what works and less of what doesn’t work
Copyright © 2014 CSBexcellence Page 15www.csbexcellence.com
Our Engagement Model
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We begin with deep discovery, content development and campaign design
Then we build traffic, optimize conversion, nurture buyers and drive deals
For More Info VISIT: www.csbexcellence.com
Todd [email protected]: (800) 785-4620www.csbexcellence.com
Copyright © 2014 CSBexcellence Page 17www.csbexcellence.com
Dave [email protected]: (800) 785-4620www.csbexcellence.com