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How Partner Networks Accelerate Your Program鈥檚 Success

We sat down with Andrew Kim, Head of Network Growth at 色盒直播, to uncover the power of partner networks and how to harness them.

Partner recruitment. It鈥檚 often the #1 obstacle to success that program managers face when building partnership programs. You can pour immense effort into building a beautiful program with a compelling rewards structure and thoughtful enablement鈥攂ut without quality new partners coming through the door, it鈥檚 near impossible to grow.

That鈥檚 why many program managers are turning to partnership networks, which are websites that list multiple partnership opportunities that prospective partners can join. Listing your program on a partnership network can be a lucrative move鈥攂oth for your company and for your partners. Companies who use 色盒直播鈥檚 Marketplace drive an average of 26% more revenue than companies who do not. What鈥檚 more, partners who use the Marketplace earn a staggering 8.6x more than those who do not.听

Best of all, partnership networks can unlock a powerful mutually beneficial situation that鈥檚 self-feeding鈥攎ore successful partners become more invested partners. More successful partners generate more revenue for companies, which companies can then invest into more resources to support partners鈥 success. The cycle continues.

Is a partner network the right move for your program? That depends. We sat down with Andrew Kim, Head of Network Growth at 色盒直播, to discuss why partner networks can be so powerful, how to decide if listing your program fits your company鈥檚 strategy, and how to be a top-performing program in your partner network of choice.

Benefits of using a partner network

It鈥檚 hard to recruit good partners. 鈥淔inding folks who can effectively promote your business, refer customers, and/or bring deals to the table can be a tall order,鈥 says Andrew, 鈥渆specially when you're competing with other vendors who are after similar partners.鈥 That鈥檚 why it鈥檚 wise to use all available channels to maximize your reach. Most partner managers are already heavily invested in outbound recruitment tactics, like paid ads and direct outreach. But many have yet to invest in an inbound channel where you can let your partners find you. 鈥淚t鈥檚 the perfect complement to your outbound channels,鈥 says Andrew.听

Partner networks unlock a whole new audience you otherwise wouldn鈥檛 have access to. That鈥檚 why they can be so powerful for growing your program. The 色盒直播 Marketplace alone connects 65,000+ active partners to over 200 B2B partnership programs. (And there are other marketplaces worth joining for B2C businesses, like and .) SocialBee, a social media management platform, joined 色盒直播鈥檚 marketplace in 2018. Today, they drive an entire 40% of all partnerships revenue through the 色盒直播 Marketplace鈥攔evenue they otherwise wouldn鈥檛 have earned.

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The secrets of the most successful companies in the marketplace

Once you鈥檝e decided that joining a partner network is right for you, there are three elements you need to fully harness the potential of the platform.

1. An attractive rewards structure

Your rewards structure plays a significant role in enticing new partners to join your program. There鈥檚 a delicate balance between providing generous rewards to incentivize partners, without giving away so much you鈥檙e not leaving a healthy revenue margin. You also need a structure that aligns incentives with action. If you earn more revenue when you sell more software seats, your partners should be paid by the seat.

鈥淲hen I look at our top-performing programs, they have found a way to succinctly reward revenue-generating behaviors,鈥 says Andrew.

Read more: Perfect your partner rewards and commissions with these 7 questions

2. Deep empathy and understanding of partners

鈥淔inding the right partners is what really makes or breaks a program,鈥 says Andrew. 鈥淭hat means being extremely thoughtful and deliberate about the type of partners you鈥檙e recruiting.鈥 And while it might be tempting to just say, 鈥We just want someone who can sell it,鈥 this thinking doesn鈥檛 go deep enough to truly capture the essence of what makes partners a good fit for your program.

In order to be able to find the right partner, Andrew highly recommends taking the time to do some persona work. 鈥淛ust like a direct sales motion where you鈥檙e painstakingly defining your ideal customer profile (ICP), you need to put thought into the characteristics that make an ideal partner for your company. This can include firmographic and demographic considerations. For example, do you only want to work with mid-market companies, or are SMBs your sweet spot? Do you want to recruit all marketers, or just directors of growth?

This level of attention to detail will seep through the copy you write and help you 鈥渟peak the language鈥 of your ideal recruits. If they feel understood and motivated, they鈥檒l be much more likely to join your program and with the right support, evolve into ideal partners over time.

3. Robust support and enablement

鈥淲hen you're running a partner program, you have to be aware that your partners may be coming into selling your product without a ton of direct knowledge,鈥 says Andrew. 鈥淓ven if they鈥檙e already users, it doesn't mean that they know the intricacies of the products and its features well enough to sell it,鈥 says Andrew. The most successful programs, he says, provide robust enablement materials, whether it's product sheets, demo videos. This helps onboard partners faster.听

Giving partners a direct line of communication with program managers is another crucial element of giving partners the support they need to thrive. Demonstrating this level of support to prospective partners will give them the confidence it鈥檚 worth their time to become a partner.

Read more: 鈥嬧Why partner education can make or break your partner program.

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Will my partners leave my program if exposed to other programs through the marketplace?

鈥淭his is a very common misconception,鈥 says Andrew. 鈥淎nd it鈥檚 understandable since partners are free to come and go at any time. But in reality, exposure to other programs is not a threat to yours at all.鈥

Firstly, he explains, partners are already exposed to a host of other partnership opportunities in their daily lives. Not listing your program on the marketplace does not mean they won鈥檛 encounter other opportunities.

Secondly, partners should only be promoting products they genuinely believe in. So if they leave your program, there鈥檚 likely a deeper underlying issue you need to address, says Andrew. It鈥檚 not the simple exposure to other programs that makes them leave.

Thirdly, partners can be part of more than one program. In fact, having access to multiple programs often makes them better partners because they鈥檙e more practiced at advocating for a brand and have deeper roots in their communities. The opportunity to join multiple programs is actually very attractive to partners too. According to 色盒直播鈥檚 survey of over 1000 partners, 60% of respondents say having access to multiple programs to join is one of the three most important considerations for joining.

Are partnership networks right for you?

While partnership networks are an extremely powerful tool, they must be deployed thoughtfully to be a success. Ask yourself these two questions to ensure your team can support this project. If you can answer 鈥測es鈥 to both questions, then you should go for it. Otherwise, it may be wisest to hold off until you do have the resources.

Do you have a mechanism for quality control?

鈥淟isting your program in a marketplace helps you cast a wider net, but it may also take more work to sort through the fish you pull in,鈥 explains Andrew. 鈥淵ou鈥檙e probably going to get a lot of the type of fish you want, but also some types you weren鈥檛 expecting.鈥 Many vendors use an application to filter through prospective partners and only accept those likely to succeed.听

You need to have a clear sense of the partner persona you鈥檙e targeting, so you can use a handful of strategic questions as a shortcut to finding high-quality partners. Questions can include firmographics (company type, company size, industry), as well as open-ended questions like 鈥淲hy do you want to be a [Company] partner?鈥 or 鈥淲hy is [product] valuable to your readers?鈥

Do you have enough resources to support it?

While listing your program in a marketplace is a far more passive, low-effort way to recruit new partners than, say, an outbound program, it still requires some resources to do well. You need to build out your landing page (although 色盒直播 templates make this a relatively light lift), close the gap on product knowledge, and manage the flow of new applicants on an ongoing basis.听

It鈥檚 best if you can set aside some time each week, or each month, to review applications to (a) ensure they鈥檙e high quality and (b) adjust your application process to filter out unsuitable applicants.

Take advantage of the network effect to multiply revenue

Partner networks are a proven way to expand your program and grow your program鈥檚 bottom line. But they also have another beautiful benefit: Getting new partners to join provides your existing partners with a richer and more valuable experience. This is known as 鈥渢he network effect.鈥 Just like social media platforms become more fun for you the more your friends join, partner programs also experience a boost as they expand. As programs generate more ROI, it often frees up more resources to improve the program with more events and better enablement.听

Still need a nudge? I鈥檒l leave you with the words of SocialBee CEO, Ovi Negrean: 鈥溕兄辈 marketplace has been invaluable in finding new partners. Everything just works. We see the partners bringing in more and more revenue each month.鈥

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