In business, what you say about your services matters, but what someone else says about you can be transformational. While a referral can start a sales conversation, the right partnership can help close the deal. That’s the power of partner marketing.
Put simply, partner marketing is a strategic collaboration between companies with a shared goal of expanding reach, building trust, and ultimately generating more sales. Whether through co-branded campaigns, channel partnerships or shared go-to-marketing strategies, partner marketing is about smarter and faster growth.
But blending the goals of multiple partners shouldn’t be something you wing. Partner marketing programs require the right structure, clear goals, and a solid strategy to scale. In this article, we’re breaking down what you can do to design a partnership that delivers results.
In B2B partner marketing, success doesn’t start with an agreement to collaborate;, it starts with alignment. When partners are on the same page about who they’re targeting, how to position their offerings, and how to take them to market, they see tangible results.
To create a partner marketing program that generates ROI, you need:
These are the key components that take a partnership from a simple agreement to something you can scale and replicate. In the end, the goal should be to put partners in the best position to go to market faster and provide the kind of value to customers that boosts revenue.
B2B businesses that invest in the right partnerships and program strategy:
A well-executed partner marketing strategy is a smart way to directly impact business growth — long-term.
You aren’t bound by a specific partner marketing program, there are multiple ways you can design a profitable strategy. Ultimately, the strategy that works will be the one that keeps your goals and the strength of your partners at the center.
Here are the five most common types of partner marketing programs:
Each model comes with unique benefits. When strategically implemented, they help scale your B2B partner marketing efforts across marketing and partner types.
The difference between businesses that leverage partner marketing and those that don’t is the ability to scale faster. Partner marketing programs take some of the weight off of your internal teams to bring in more qualified leads in new markets. From strategy to execution, when implemented correctly, partner marketing is a lucrative business strategy.
Whether you’re looking to revamp an existing partner marketing strategy or build a new program from scratch, Spur Reply can help. We work with B2B organizations to design and scale co-marketing campaigns that produce measurable results. Learn more about how we can build a program that grows your business together.