Jessica Fewless, Vice President, ABM Strategy and Field Marketing at Demandbase joins me, Jen Spencer to discuss partner matchmaking, the role of partner marketing, enabling partners by focusing on their customers, and more on this episode of The Allbound Podcast
I agree and I think the other thing too is, I looked at the role of partner marketing as a bit of a Venn diagram, and I think that the two circles are the work that you do in service as the channel sales team, the work you do in service as the marketing team, and then that center section is the joint marketing you do with the partners. Because it shouldn’t be just about joint marketing. So on the pure channel side of things there's new partner recruitment, there's onboarding, there's nurturing of those partners and those sorts of things to help the channel sales team to be successful, and actually helping those partners influence sales for your company.
Think of #partnermarketing as demand gen focused on partners. - @jfewlessB2B of @Demandbase on the #AllboundPodcast
So that's solely dedicated as a channel team and then on the marketing side, there's the somewhat mundane but necessary part of the partner marketing role, which is connecting partners with the events team for sponsorships and working together with partners, or co-sponsoring a field marketing event or those sorts of things. But also, connecting with the right partners for potential thought leadership opportunities and those sorts of things that elevate both your organizations in the eyes of your potential customers.
Enable your partners with content that's going to help them be more successful with their clients. - @jfewlessB2B on the #AllboundPodcast
And then in that center section is the true joint partner marketing. I think what most people think of when they think of partner marketing and why it's really important if you don't have the other two parts of the role, I feel like that’s part in the middle is what, like you said, gets under resourced and kind of missed.
I think everybody thinks "Okay I'm going to build a partner portal and then I'm going to put all these things out there about our product so that our partner knows about our products, so that they can go sell our products.” And in today's world, I would just call that table stakes like, yes you have to do that stuff but that's the bare minimum. You really want is to be enabling your partners with is content that's going to help them be more successful with their clients. And hopefully, that's the benefit of your organization as well. So, yes we have webinars, and we have data sheets and all that fun stuff about what's going on with our product, but on the flip side of that, we definitely want to help educate them on account based marketing because that's going to help them rise above their competitors in many cases. A lot of the agencies and consulting partners aren't talking about ABM yet and so if an agency can come in and say, "Oh, account based marketing? Yeah, we're all over that." That'll make them look good and that's going to help them in business which then, in turn, will ingratiate them to us..
Partner marketing managers need to be able to brainstorm possible programs and be able to execute on them. - @jfewlessB2B #AllboundPodcast
Talking about ABM at a really high level it's understanding the accounts that you want to sell to and then going out and finding them and selling to them, right? That's kind of the pipe dream or the promise, so to speak, of ABM. And it's not a dream. It's, in fact, a whole methodology around that. But when we talk about it, we actually talk about it having three key audiences. One, prospects, so selling to new potential customers. Two, your existing customers; you know even more about them than you do about your prospects, so you should be able to sell it to them even better. 80% of the work goes into getting a customer, 20% is in keeping and up-selling them. And then the third audience is your partners, because if you're talking to your partners in the exact same way that you're talking to your customers and your prospects they're going to tune you out. They don't really care what the shiny new widget is. What they care about is what you're doing from a strategy perspective, or how that shiny, new widget is going to help them be more successful. So, if you just sent them to a web page that said, "Hey, look, we have this new thing." They'll go, "Interesting." If you send them an email, and you personalize your website to say, "We have a shiny new thing and it's going to help you and here's why." Now that helps, one, attract new partners, but to also engage the ones that you already have.
What partners care about is how that shiny, new widget is going to help them be more successful. - @jfewlessB2B on the #AllboundPodcast
To learn more about partner matchmaking, the role of partner marketing, enabling partners by focusing on their customers, and more, tune in to episode 29 of The Allbound Podcast.