Over the years, I have observed how our industry has grown and evolved to adapt to the ever-transforming landscape of society and its needs and preference. If there is one thing that remained constant despite the numerous changes and modifications that took place along the way, it’s the importance of recruiting quality partners into your channel distribution network. Don’t believe it if someone tells you that you should only focus on recruiting as many companies as you can because the truth is that quality exponentially outweighs quantity in this case.
I know what you’re thinking. Thorough and careful recruitment is too much of an inconvenience. But don’t be disheartened by the task. There is in fact an effective and simple way to determine or identify which potential partners are most suitable for you and your business goals and objectives. This method is the comparison and contrast of partner profiles. What are partner profiles, you ask? These are handy collections of information detailing the specific qualities of individual companies. It contains information regarding their processes, objectives and goals, sales strategies, channel management strategies and other important details that enlighten you as to how well they perform as a business.
By using these partner profiles, you will be able to see if these potential partners match your company well. For example, there are partners who are extremely productive, but in the end prove useless to you because they are incompatible with your profitability goals and objectives. If your channel distribution network is comprised of a group of affiliates who satisfy your requirements, and share in your mission and vision, then there is little chance of failure in terms of productivity and performance.
I hope that I am able to give you insight on what you need to survive this increasingly competitive industry. It may seem challenging at first, but remember that you reap what you sow. Take it from my experience and don’t make the same mistake I did when I took my own recruitment process for granted.
Best Regards,
Down-spiraling Channel-Dependent Company