Latest / Partnerships Unraveled / 019 - Elevating Partner Marketing with Alliance Campaigns
Transcript
- 0:07Welcome back to Partnerships Unraveled, the podcast where we unravel the mysteries of partnerships and channel on a weekly basis.
- 0:15My name is Rick van den Bosch, and I'm the CEO and founder of Channext and I'm here together with Alex Withford, VP partners at Channext.
- 0:22Alex, how are you doing today?
- 0:24Yeah, really, really excited to be here discussing one of our favourite topics, one complex one in the channel, which is alliance marketing campaigns.
- 0:32I agree there.
- 0:33And also the studio is getting better and better, don't you think?
- 0:37Yeah, exactly.
- 0:38I think Juan and Britt are doing an amazing job on our end, really building out the set and yeah, excited for it to look even more professional so that people actually think we're real podcast hosts and not just playing at it.
- 0:50And of course another reason to check out the YouTube channel as well because if you want to see a very nice background of Partnerships Unraveled some pink light and that's your gem.
- 1:00Do have to look at our faces though, so there is a bit of a downside to go through that as well.
- 1:05Plus there's a minus.
- 1:07But no, definitely.
- 1:09I think already two episodes we went quite deep into alliance partnerships, so to say.
- 1:14So what's the benefit of it and how should you execute that?
- 1:18And for today we were discussing like, let's dive completely into the marketing side of it because if you want to put an alliance or a joint solution into the market, I think that's one of the most important things.
- 1:29And maybe before we dive into that, maybe a short summary of what alliance is, but also why is it so important for multiple stakeholders there?
- 1:39So alliances are the ability for multiple vendors to come together to build a sort of cohesive solution and they can either drive that directly into end-users or they can drive that through the channel into end-users, both a viable model.
- 1:53But the reason that we like channel alliances so much is you get all the end-user benefits of building a sort of bundled cohesive solution, but you get to do that at scale.
- 2:04And so really where we see partnerships and channel come together so heavily, as a great example would be in the Microsoft ecosystem.
- 2:11Microsoft have the biggest channel in the world, they also have thousands of integrations.
- 2:17And what some vendors do really well when they play with Microsoft is they build the incredible integration that drives a really strong end-user value and then they do a fantastic job scaling that through the channel.
- 2:27And that's really how you get the sort of turnkey hyper scale solution which most vendors, if not all, really should be aiming for.
- 2:35And the interesting part of such an approach is that all those partners are already selling Microsoft a lot and then if you bring in the right integration, you can actually help them go to market a lot easier, right?
- 2:46Yeah, exactly.
- 2:46And the idea would be better solution for the end-user, easier sales process for the partner, more revenue opportunities for everyone involved.
- 2:55You're getting to piggyback off Microsoft's Channel.
- 2:58There's some complexities, there's some competition that you have to navigate through and we'll discuss some of those today.
- 3:03But the upside is enormous.
- 3:07And for my money, if I was building a business around that ecosystem play, I would be very, very focused on how do I make Microsoft win more, how can I build my strategy into helping Microsoft and then how do we drive that at scale through the channel?
- 3:22Because if you can get those pieces done correctly, your leverage model i.e. the amount of hours you put in versus the reward you get is unbelievable.
- 3:31And I think that's ultimately the end of the day, the businesses that overperform and outperform everyone else are the businesses that understand leverage best.
- 3:40And the channel and partnerships in my mind are the best leverage models out there.
- 3:44Also very low risk, which means they're very recession proof.
- 3:48Very important nowadays.
- 3:48Yeah, absolutely.
- 3:51I think indeed when we look at alliance partnerships, we went very deep in a previous episode into what's in it for the vendor as well.
- 3:56But for who else?
- 3:57Are alliance partnerships interesting in the channel?
- 4:00Yeah, well the ideal and certainly my sort of philosophy on how you build cohesive business plans is look for the win win because those are the businesses that prosper.
- 4:11They're not just trying to milk their customer for as much money as possible, they're trying to live a value in return they grow and the channel is that times ten.
- 4:19So really, the best plan for everyone is how do I drive value to the end-user?
- 4:25How do I drive value to the partner?
- 4:27How do I drive value to the distributor?
- 4:28And how do I drive value to all of the vendors in the alliance bundle to try and construct your sales and marketing plan around?
- 4:37How do we deliver value up and down the channel?
- 4:41And alliance is a really interesting mechanism to attach and tackle each one of those segments.
- 4:46So I think we can discuss each one of those over the next sort of 5-10 minutes.
- 4:50Yeah looking forward to it.
- 4:52What would be the first segment that you would like to discuss?
- 4:54Let's work bottom up.
- 4:56So the best value for an end-user is, and let me repeat this so everyone hears it end-users don't care about product.
- 5:04Right?
- 5:04Sales that are focused around product lose all the times to sales that are focused around solution and value.
- 5:11And it's why, for example, Apple spend so much money investing in marketing is because they're not selling you a 16 megapixel camera.
- 5:20They're selling you the feeling of owning an Apple product and being part of that brand.
- 5:24And so that's the solution and the feeling that they drive.
- 5:27And so why ecosystem and alliance bundles are so effective is we stop focusing around our product and we start focusing around the problem that we're solving within the end-user.
- 5:38And most vendors don't have enough product to be able to fix an entire solution or an entire problem, I should say.
- 5:45So what you need to do is find vendors together, build a solution that really fixes a problem and start to market that at the end-user that's going to resonate far better.
- 5:57It's going to solve that problem, going to drive higher engagement, going to drive higher conversion.
- 6:01Yeah, I think what you see there are a lot indeed, if I think from marketing 1 on 1 is it's always about talk benefits and not features.
- 6:07And I think that's a great thing.
- 6:08When you start working with alliance partners that very quickly you already start thinking a lot more in terms of solution because you bring an end solution to the end-user versus just your specific product that only fixes a very specific part of what they want to have solved.
- 6:24And I think in such a way that's really where the alliance partnerships becomes so interesting for an end-user in your marketing as well, because you can completely focus on solving that solution and that's what the end-user wants eventually.
- 6:36So from all my own online marketing experience I have that has much higher conversion as well then when you talk product features, for example.
- 6:44Yeah, and look, dealer nursh is a real thing, right.
- 6:47Lots of end-users will see the benefit of one particular product, but if they don't understand how that really fixes their problem or they don't understand the other pieces of the puzzle to make that work, you are creating work for the end-user.
- 7:00So the most organic sale is to design one product that fixes their entire problem that's difficult, or partner with other vendors who are able to fix that problem together and then market the entire solution as the solve.
- 7:14Suddenly it makes their life easier because they're not talking about a camera, they're talking about a meeting room.
- 7:19And suddenly you're able to go, oh yeah, okay, I can completely visualize how that solves my entire problem.
- 7:25Now I'm into much more of a buying conversation around, okay, I just need to get that thing that solves everything I need and then I can work back into the partner and go, I've seen this piece of marketing.
- 7:37How do I buy this?
- 7:38And that sort of brings us onto the next value of the partner.
- 7:41They also get an easier sales cycle, which is absolutely the purpose of marketing.
- 7:45I think what you see a lot there is best of suite versus best of breathe.
- 7:49And I think a lot of end-users actually have a tendency towards best of suite to have a full solution that solves everything.
- 7:56But there's only a few companies that can actually deliver that.
- 7:59They very quickly go to the Oracle, the Microsoft, the SAPS, et cetera, of this world.
- 8:04So especially if you're a bit of an upcoming vendor, you can work together with other vendors with the right integrations and deliver the exact same thing, but probably even better because you are the best at what you do in your specific area.
- 8:18But because of your integrations and your alliance partnerships, you can provide that best of suite to the end-user.
- 8:24Yes, it's in fact logical.
- 8:24Right?
- 8:27Because if one team are very focused on just building their specialist product, they are going to build it better than a generalist.
- 8:35It's the same reason that Spotify outperforms Apple Music because Spotify's entire job is to just build one application for music as opposed to Apple, who are building lots of apps and lots of hardware.
- 8:47They've got to do diversify, focus and resource.
- 8:50They're never going to have the same level of specialization.
- 8:53And so, realistically, the reason that people go for the breed of product is because of easier purchasing cycles.
- 9:01So actually the problem that end-user having, they would much rather get the best class solution or the best class products and build that into a solution.
- 9:09But the buying cycle is more complicated, the marketing cycle is more complicated and what we're discussing today is how to solve both of those things very, very effectively.
- 9:18And once you can get an end-user to understand, hang on a second, I can have ten specialists altogether into the best in class solution.
- 9:27Okay, well that's what I want.
- 9:28You just need to be able to market that effectively and working with vendors on alliance and channel marketing campaigns is how you do that at scale.
- 9:36Yeah, because then when you involve the channel, then the partner comes in.
- 9:39And what is the advantage for the partner?
- 9:41Well, so for the partner, the first is easier sales cycle.
- 9:45Right.
- 9:45If you've generated demand to an end-user for a suite of solutions or suite of products, it's one solution.
- 9:51They know exactly what to expect.
- 9:52It's really easy for them to purchase, they get to drive scale.
- 9:56The other benefit is there's more revenue, right?
- 9:58If you're typically a specialist in just one or two of those products and then an end-user comes to you and says, well, I'd like three, four or five, well then great, I get extra revenue into that same deal cycle.
- 10:09Also I'm having management over the entire project.
- 10:12So I'm sticky with my customer because I'm no longer the guy that sells the camera, I'm the guy that sold the meeting room.
- 10:18That gives me an opportunity to drive more cross sell and upsell because there's other meeting rooms available.
- 10:22The benefit is inherently tied into the partner.
- 10:25The fourth benefit is I'm no longer just marketing one product.
- 10:31I'm now marketing a solution that drives a higher conversion at the end-user, but also it differentiates me from other partners.
- 10:40And partners very often find that their brand loses to the mega brand of the vendor because Microsoft's brand is always going to be stronger than our partners.
- 10:49But suddenly if I'm not just selling Microsoft I'm selling this suite of product.
- 10:53Now I've got a differentiator against the guy down the road.
- 10:56Yeah, I think it also really fits the trend within the market that everyone is going towards managed service providers and there you really see they want that.
- 11:05The partner wants to have a full solution, put their own services on top of it and then maybe even market it as their own solution.
- 11:13And by closely aligning with other alliances you're going to make that easier for your partners.
- 11:19Then they don't have to think about it themselves anymore.
- 11:22What am I going to combine?
- 11:23But they also kind of get a full solution just like the end-user.
- 11:29The benefit for the end-user is they're getting a full suite of products marketed and sold as a solution.
- 11:35That benefit ties straight into the partner as well.
- 11:38Especially if the partner doesn't sell the entire stack, only sells a portion.
- 11:42They're getting net new opportunities, an easier sale cycle and higher revenue opportunities that for a partner is critical.
- 11:50It's also far easier to tie services around a problem solution than a product and so they're able to put that under a managed service contract or installation costs or whatever the services are that's extra margin opportunity for the partner that they wouldn't be getting if they're just selling the singular product.
- 12:10So certainly for both end-users and partners there's a tremendous amount of value for the vendors to do the work at the top of the funnel to say how do we partner together and scale through channel.
- 12:21You're absolutely going to get a win win there.
- 12:23Yeah or like you said it before to me already a win win win.
- 12:28So the vendor wins, the partner wins and the end-user wins.
- 12:31Yeah exactly.
- 12:31And certainly from my perspective right, those are the deals that continue to be fruitful.
- 12:36I see partnerships fail all the time because best intentions we're going to go in, we're going to try really hard but one party is getting all the benefit and the other party is doing a lot of work and not really getting enough benefit.
- 12:49And that's why the partnerships and channels that work best have everyone's intentions in mind.
- 12:55Because they're trying to drive value down the whole stack.
- 12:58And then suddenly you're getting that self sufficient scaling mechanism because if you don't build enough value into the partner, what happens is the end-user gets lots of value and the vendors get lots of value, but the partner is not incentivized to do it.
- 13:11And so you've got to take everyone into consent into account including distribution.
- 13:16How can distribution play a value there?
- 13:18They're going to help you drive scale through partner recruitment, partner activation, marketing support.
- 13:23What can we do to build that in?
- 13:25And for them it's really simple.
- 13:26Increased revenue equals increased margin for the disti and increased rebate.
- 13:31So anything that you can do to help get them bought into this is going to drive an outsized return.
- 13:37That's how you don't just get a win win win, but you also add that win in the distributor level.
- 13:41Yeah, I think that's a very interesting one and especially to make selling a lot easier for your partners because the distribution is the only one who can actually combine the bundles in terms of buying it for the partner and then you really get that skill in terms of buying and selling as well for the partners.
- 13:57Yeah.
- 13:58And in fact, I've even heard of distributors like boxing everything together because it's actually being marketed.
- 14:03It's not just being sold as disparate products.
- 14:06It's actually been boxed and sold as a singular part code for global distribution.
- 14:10That then obviously drives a very effective sort of automation.
- 14:15Now the one caveat to that is that only works if the distributor sells the full bundle.
- 14:21And we'll come on later in the podcast around some of the challenges of setting this sort of cohabited marketing together.
- 14:27But even if the distributor only sells a portion of the entire suite, if suddenly they see the revenue spiking because the marketing is having such a good impact, they're going to be bought into that strategy.
- 14:40Yeah, I agree there.
- 14:42And I think if you look at alliance partnerships and especially from a marketing perspective, then so you have your alliance partnership, you have your joint solution, you're going to start marketing it.
- 14:52What opportunity is there to maybe even find new partners in such a way?
- 14:57Yeah.
- 14:57So the example I always like because when we discuss this with vendors and they sort of say, yeah, okay, conceptually I get it, it's better for the end-user, but how's it going to help grow our channel?
- 15:08We're just pouring our marketing budget to help other people grow.
- 15:12I like to discuss partner white space analysis.
- 15:14So if you imagine that there are four vendors who are building this partnership together, they each have 100 channel partners in the Netherlands.
- 15:23Okay, fine.
- 15:24Now there's no way that the crossover is 100%.
- 15:26There's no way that all of those 100 partners are exactly the same list.
- 15:30And if they are, well, great because then you've got a seamless scaling mechanism.
- 15:34But it never happens that way.
- 15:36Let's say there's just 25 partners in each sect that aren't crossed over.
- 15:40Well, okay, you've got organic expansion opportunities.
- 15:43You all agree that you're going to drive the bundle through your entire channel.
- 15:48And that means that all of those vendors are getting an extra 75 partners through their channel for doing nothing apart from partnership.
- 15:57At the top level, 75 extra partners is phenomenal because they organically, are going to understand how to sell your product because it's being sold as a bundle.
- 16:07Meaning the level of enablement required, the level of recruitment required is just diminished.
- 16:11So this in my mind, drives better conversion at the end-user level but it also drives partner growth which those are the two threads that you can pull to drive channel progress and you're organically building in both.
- 16:24Yeah, that's a great one because especially you get a warm referral into them because the other alliance partner you have, your alliance vendor is already working with that partner for a long time.
- 16:33Probably they've built a relationship and then they bring you in as like a warm contact and you're already much more ahead of all the other competitors.
- 16:42For example, once you get in into such a partner.
- 16:45Yeah.
- 16:45And remember the three key pillars of recruiting partners partner needs to know who do we sell to, how easy is it to sell and how much money am I going to make.
- 16:53Well, the who do we sell to and the how easy is it to sell are being defined within the marketing campaign.
- 16:58So the only question then is how much money am I going to make?
- 17:01And if you solve the first two very well, a simple explanation on pricing margin that's going to solve the third.
- 17:08You've got a really scalable way to recruit partners.
- 17:11Now we've just talked about a marketing campaign in the Netherlands, scale that out across EMEA, APAC, the Americas.
- 17:18Suddenly you might be talking about recruiting hundreds if not thousands of partners depending on how embedded that channel ecosystem is.
- 17:26Yeah and that's where it becomes really interesting.
- 17:28Of course, if you start having those like network effects on top of each other then you have alliance partnerships times the channel.
- 17:35Yeah.
- 17:35One of the you know, I've got a lot of friends who work in alliances for big, big vendors and that's their common frustration is they can see they're right on the cusp of making not small improvements, radical improvements to channel progression.
- 17:50But it's just so difficult to coordinate.
- 17:53And in my mind the best way to coordinate is to drive marketing because if you get the end-users wanting to buy the bundle, nine times out of ten the partners will say, okay, well we'll just sell that bundle.
- 18:04There's no point in switch selling you and then that ultimately flows down to the benefit of all the vendors.
- 18:09So that's why you've got to do the due diligence at the top end to deliver value to the end-user.
- 18:13And if there's value to the end-user, there's value to the partner, there's value to the disti and that's where you're getting all the wins up and down the channel.
- 18:20The full chain is winning then.
- 18:20Yeah, absolutely.
- 18:22Which has to be the goal.
- 18:24And my advice for any sort of program people, any go to market strategist in the channel don't just decide on how do I deliver value to the partner or how do I deliver value to the end-user.
- 18:35Build your program that delivers value up and down the chain and that's when you start to get the outsized returns against your competition.
- 18:42And there's also this interesting piece of where you can actually combine your resources and budgets.
- 18:47I think we all know that budgets are getting cut down everywhere and resources are limited.
- 18:52So if you do alliance campaigns, you can actually split the work between both your alliance teams and your marketing teams in creating a campaign.
- 19:00But also very interesting, combine your budgets that you do have, for example, for advertising to actually get that scaling mechanism into it.
- 19:08So let's say you are with those three vendors and usually you would just have maybe €10,000 for one campaign.
- 19:16But if you all three put that in, then you all of a sudden have €30,000 and you are marketing the full solution.
- 19:22So actually that full solution is being brought to market and you all have the equal opportunities with€30,000 to sell your product.
- 19:29So it's like triple the output there.
- 19:32Yeah, the, the irony is exactly what you're talking about.
- 19:35If we talk to digital marketers or who were specializing in paid advertising, they'll tell you, yeah, we spent 10K last quarter on this and the other vendors in that same bundle went and all spent that same amount of budget.
- 19:49Well, you could have run a deeper or longer campaign with more budget if you just pulled your resource and you're all marketing your own solutions anyway.
- 19:57But if you market the entire stack, you can really, really drive the depth that you need.
- 20:02So you're going to get an outsized return in terms of just a revenue opportunity.
- 20:07But also your conversion rate is higher.
- 20:10Then you have your alliance partnership.
- 20:12You've built a solution together.
- 20:14Where do you start when you need to bring it to market?
- 20:16And I think that's where the marketing is going to play a big role.
- 20:19It's your go to market plan together as an alliance partner.
- 20:22The ideal situation is you get the marketeers from the different vendors, round a table and you build a marketing campaign garnered towards the end-user.
- 20:32What's the value of the full proposition?
- 20:34What's pulling on the strength of the different vendors?
- 20:36How do we build that into a really, really compelling campaign?
- 20:40Almost take your sort of vendor hat off and be agnostic.
- 20:44How do we drive the maximum value to your ideal customer at the end-user level?
- 20:50Once you've got that, that's a really strong message.
- 20:54Now you need to worry about how do we scale that through our partners?
- 20:58What's the method we're going to use?
- 20:59Digital marketing, social?
- 21:01How are we going to scale it and then what are the partners we put that through?
- 21:04If you've got the right message, the right scaling vehicle, and the right partners to take it through, you've built a very, very successful campaign.
- 21:13The trick is just in the execution.
- 21:16If you need to do the execution.
- 21:17So you've got your value proposition, then the next step, I think is really looking through which partners are we going to market this.
- 21:25And where should you start if you want to find out who your partners are?
- 21:29Yeah.
- 21:29So you should do a white space analysis.
- 21:31Now, there are tools that will do that for you automatically.
- 21:34We at Channext, we have a capability to build that in.
- 21:38But you want to basically understand who are the partners and what's our IPP, because it might not be all of your partners.
- 21:44There might be a specialist type of partner that you want to market this through.
- 21:47Okay, now what are all our partners in all of the different vendors that we feel should market this proposition?
- 21:54Draw the white space analysis up and then start to push the content through them, remembering that there will not be perfect overlap.
- 22:02So how are you going to target the white space to make sure that those partners fully understand the proposition and fully understand the value of what you're trying to do?
- 22:12And there's also a very big role there for two partner communication because that's what it all starts with.
- 22:17As soon as you have your value proposition and you have done the white space analysis, then you want to drive your two partner communication towards each other's partners that you don't know yet, but also to the partners that you both know, of course, where you launch the campaign, et cetera.
- 22:31So that piece is very important once you start your alliance campaign, that you get that right in the beginning, what's in it for the partner, make that very clear for them in this specific campaign.
- 22:42So you get as much participation as possible.
- 22:44Yeah, exactly.
- 22:46And you've got to put the partner in mind first, get them to understand why you're doing what you're doing, and the second, they understand, okay, this is going to drive in keys conversion.
- 22:55It's going to bring in more inbound demand.
- 22:57It's going to help you close more effectively.
- 22:58We've specifically chosen these vendors together because we believe it's got a really tight solution at the end-user.
- 23:04We're all coordinating our efforts together to help you grow.
- 23:08Well, that's a message.
- 23:08If I'm running a partner, they'll go, oh, okay, well, this is fantastic.
- 23:11This is going to make my life easier.
- 23:13I'm going to hit target more effectively.
- 23:15That's the level of focus and drive that you want your vendors to be bringing.
- 23:19Not just product, but strategy.
- 23:22And I think what you also really need to look into is how do you make the campaign scalable when they are recurring?
- 23:28I think if you don't, what you don't want is with every campaign, you have to think, which partners might be interesting for this or where do we have our overlap?
- 23:37So if you actually know that from each other and you have a central source of truth where you know exactly which partners are selling what product categories from me, which partners are selling in which vertical, what other alliance vendors are they selling?
- 23:49Then you can scale that much quicker and you can purely focus on the strategy and the content and then really bring it to market efficiently.
- 23:57Yeah.
- 23:58That's why the investment in data is so important.
- 24:00Right.
- 24:00Because I remember a previous company, we wanted to do an alliance marketing campaign through partners, specifically around the education vertical.
- 24:10We both had budget and we couldn't get it done because we couldn't do the whitespace analysis and drive the content as easily as easily as we should have been done.
- 24:19And the irony is, if you've got the automation in place that means you can do this multiple times a quarter because the scaling is the thing that takes time.
- 24:28Once you've got the solutions and the tools there to scale quickly, it means you can go, well, let's do a vertical campaign for education for the next six weeks.
- 24:36After that we can pivot to finance, maybe we pivot some of the products we push and suddenly you've got this new avenue to market very effectively that drives better conversion at the end-user and drives better pull through at the partner.
- 24:48Which is exactly what the whole idea of the alliance marketing profile is.
- 24:53How do we scale and drive conversion at the same time?
- 24:57It's very rare to find a strategy that can deliver depth and breadth but this does both as long as you have the tools in place.
- 25:05Yeah, that's correct.
- 25:06And I think it really requires to know your partners extremely well.
- 25:10Like you need to build your database there.
- 25:12Indeed where for every channel partners you know exactly which other alliance partners they are selling from you in what verticals they do it in what regions, in what language and in such a way you can really skill that engine.
- 25:24Because the most work of an alliance campaign usually is thinking about which partners need to join this reaching out to them, whether they want to join, et cetera.
- 25:32And that's the process I think you really want to turn around.
- 25:35Yeah.
- 25:35And why in my mind, I can absolutely understand why budgets are being cut through recession.
- 25:41Right.
- 25:41All companies are going to have to do this.
- 25:43Thousands of layoffs happening every single day.
- 25:46However, the investment in better data is more important now than it's ever been because while budgets are cut, you need to up efficiency and data is the way to make that happen.
- 25:57So if you don't have the tools in place to really understand automatically what segments do your partners work in, what verticals do your partners work in, what's their product specializations and how can we market through them automatically invest now because targets are going up regardless of the recession.
- 26:15So you need to increase efficiency, especially if you've got layoffs.
- 26:20Yeah.
- 26:20And I think alliance campaigns or alliance partnerships in general are really the thing that can help you through that.
- 26:26Yeah, exactly.
- 26:27Because there's not a case of especially if and we're hearing around lots.
- 26:30Of companies who are losing a lot of resource.
- 26:33You can't just expect the remaining people just to run faster and make up the number you need to understand.
- 26:39Okay, well if we're going to have to do 30% more with 30% less so 60% delta, how do you make up 60% delta?
- 26:47You radically improve strategy and output through efficiency tools like data automation and marketing automation.
- 26:54Yes for our listeners, Alex, that are thinking about starting an alliance campaign, what would be the last thing he would have to say to them?
- 27:02Where should they start and where should they be heading?
- 27:04So first, focus at the end-user.
- 27:06So what problem can we really, really solve?
- 27:09Because if you solve the end-user problem, building the channel behind it's easy.
- 27:15What's very difficult is when you've poorly solved the end-user problem and you're going to rely on channel push.
- 27:20So is the alliance you're building because you're good mates and you go for beers all the time or is the alliance built your building based on the fact that this really solves a critical issue?
- 27:30Once you've solved that critical issue, work backwards, who are the right partners to take that to market from a sales and marketing perspective?
- 27:36And how can we really be scalable through that approach?
- 27:40Because if you get it right, one, you're going to look like a genius and everyone likes looking like a genius, but two, you're going to deliver the outsized return and budget reallocation through a recession is critical.
- 27:51Like great CFOs, understand, okay, we're spending this much here.
- 27:56If I move the money here, we're going to see the outsized return and alliances and partnerships I believe are going to be the big winner through the recessions because the ones that execute very well are going to get resource realigned underneath them and then that's how you're going to hit scale even in a challenging market.
- 28:13I love what you said about starting with the end-user and fixing that piece because indeed we talked a lot about scaling and automating and data in this podcast.
- 28:22But you should never scale what's not working.
- 28:25So getting the strategy right at the beginning with the end-user is what it's all about and then the scaling mechanism of your alliance will just scale that throughout the channel to the market.
- 28:35The irony is, and this is why, just playing smart and not hard, an end-user will have done the hard work for you, right?
- 28:43If you go and speak to enough of your end-users, they'll have built the integration or the partnership or they'll have brought the products together and go, this is a great solution and then you just need to work backwards from there because you've actually proved it right.
- 28:54We believe a lot around fail fast, fail cheap.
- 28:57You don't even need to fail fast.
- 28:58If you go and ask the right end-users and they've built the meeting room bundle or the security software integration into Microsoft or whatever it is, they'll have deployed it and you go, oh, that really solves a key problem.
- 29:09Imagine if more end-users knew about this fix and that's the entire game is find the fix and then tell as many end-users as possible.
- 29:18You do that in two ways channel marketing, automation.
- 29:22Awesome.
- 29:22I think it was a great episode again.
- 29:25And to our listeners, I hope you're a bit inspired to really start with alliance partnerships or start focusing more on it.
- 29:33And if you want to ever spar brainstorm about it, you can always send Alex or me a DM on LinkedIn.
- 29:38We hope you enjoyed this episode and see you next week.