3
 min. read
October 15, 2024

Should You Build Out a Partnership Channel?

Building out a partnership channel can be a game-changer for SaaS companies, but it needs to be done strategically.

Tight Integration with Core Teams
Partnership teams should be closely aligned with sales, marketing, customer success (CS), and product teams to create a cohesive go-to-market (GTM) motion. When all departments work together, partnerships can seamlessly contribute to overall business objectives.

Leverage of Automation and Data
A successful partnership team utilizes platforms like Salesforce, Crossbeam, PRMs, and even specialized tools like Superglue to automate workflows and maximize the impact of partner engagements. Automation helps scale operations efficiently and reduces the manual burden.

Focus on Business Outcomes
Partnerships should be more than just relationships—they need to deliver measurable business outcomes. If your team is ready to focus on revenue-generating partnerships that align with company goals, it’s time to build out that channel.

Systematic Partner Activation
A well-functioning partnership team activates partners in a structured way, supporting Account Executives (AEs) with lead generation and deal acceleration. This systematic approach helps partners consistently drive value across the sales process.

Alignment with ICP and Business Objectives
Your partnership strategy should align with your company’s Ideal Customer Profile (ICP) and overarching business objectives. If your team can ensure this alignment, partnerships can contribute meaningfully to revenue growth and customer acquisition.

Strategic Compensation Structures
Compensation for partnership teams must reflect their strategic importance. If your company is prepared to incentivize partnerships in line with the impact they bring—whether through revenue growth or lead generation—then it’s a sign you’re ready to build a partnership channel.

Contribution Across the Customer Journey
Partnership teams should be able to influence the entire customer journey, from lead generation and acquisition to post-sale retention. If your organization understands the role of partners in every stage, partnerships can create long-term value.

Data-Driven Optimization
If your company is equipped to use data insights to continually optimize partner engagement and performance, then building a partnership team makes sense. Data-driven decisions lead to better partner management and more impactful relationships.

Long-Term Vision
Partnerships are a long-term play. If your company is ready to balance short-term wins with the development of a sustainable partner ecosystem, it’s a clear indicator that now is the right time to invest in a dedicated partnership channel.

When SaaS companies align their partnership strategy with these principles, the potential for driving business growth through partnerships becomes significant. If your organization checks these boxes, it’s time to build out a partnership channel and unlock the next level of growth.

Partner.io

Unlock the full potential of your partner program with Partner.io. Our scalable platform unifies partner data, streamlines onboarding, and integrates seamlessly with your CRM and payment tools. Features like the partner portal and real-time data integration ensure smooth partner onboarding, boosting efficiency and collaboration across your network.