Login or Join

Why Channel Partners should connect with vendors and current customers in social media

walteradamson

Why Channel Partners should connect with vendors and current customers in social media

comment count 0 comments | 392 reads
Posted by Walter Adamson on Jun 30, 2010

Beth Vanni – Director, Market Intelligence at Amazon Consulting (not related to Amazon.com) recently wrote:

...doesn’t it stand to reason that solution providers will be more effective selling the technology, building custom applications around it and helping customers with the supporting business process if they themselves understand the power of collaboration and social networking?

It sure does, we're with you Beth!

Beth goes on the say that in their 2009 study focused on Partner Collaboration and the Role of Social Media, nearly 50% of solution providers indicated they are only "opportunistically" collaborative with peers, and "In fact, nearly 30% said they don't use social media in their normal course of business at all." And most of the others use social media "mostly to find new customers and do outbound marketing of their services and solutions - not to collaborate with their vendors or their [current] customers".

Partners are missing a real opportunity, because many of their vendors are extremely social media savvy, I wrote previously about EMC, and Microsoft.

This means the vendors have a large investment in social media assets and connectivity which can be re-purposed by Partners to grow their business. And after all "same shopper sales" are the easiest to get, as compared to new customers.

The Gilwell Group and @mikedubrall has found there are three important social media benefits that channel managers are beginning to understand and quantify:

  1. End-users are already using social media to get information about products. Depending on which study you read, 60-90 % of customers begin their purchase process online by gathering information and looking for current customer comments. Increasingly aware of this pre-sales activity, channel managers want to make sure their products are well-represented. 
  2. Communication between vendors, resellers and customers is noticeably improved using social media. Messages, attachments, and links are sent and received more quickly (usually getting through all those pesky corporate firewalls) from smart phones, netbooks, and other devices. And using social media drives down the cost of communications, sometimes by as much as 80%. It’s just cheaper to post a video on YouTube and send out a link than to maintain/expand a usable partner portal or distribute (and redistribute) a bunch of PDFs.
  3. Social Media is extremely effective at building and maintaining more intimate relationships. A reseller can maintain weekly contact with 50 customers in just a few hours by connecting with them at their online spaces. This replaces the 50 phone calls and scores of emails flying off into the ether. Most important, social media is personal in a way that good salespeople and their customers appreciate.

That's why channel managers are keen, and it mirrors why partners/resellers themselves should be keen. And that is why we're a partner of the Social Media Academy and a big fan of the High Tech Partners Social Media training course because the potential for partners is so high.

If you think about distribution channels in software and IT in 2010 then we're on the cusp of major disruption. Think about the "cloud", and SaaS, and vendor cloud infrastructure undercutting independent vendors and partners - it's big.

In fact, a long time ago Peter Drucker famously said every enterprise should regularly ask itself "If we were to go into this now, knowing what we now know, would we go into it the way we are doing it now?'.  AND, perhaps far less famously - that:

this applies with particular force to an area that many enterprises tend to neglect...distributors and distribution channels. In a time of rapid change distributors and distribution channels tend to change faster than anything else. It is also on distributors and distribution channels that the "information revolution" is likely to have th greatest impact.

Drucker was again so right, and from here on for the next 18 months or so the channels of the IT industry are about to be ripped apart and re-formed.

That's potentially a big reason behind Microsoft just a week ago switching out one of their most respected world-wide partner executives for a tough new guy to shake it out.

The channels in for change, and it will happen whether "the channel" agrees or not, so best to try to help the leaders get ahead of the curve, and social media enablement has to be part of that plan. Not for it's own sake, but for the sake of more meaningful customer engagement.

Do you think IT channels/resellers are facing their biggest challenge in a decade?

Do you agree that social media will play a role in the reshaping of the channel?

Republished with author's permission from original post .

0
No votes yet
 
Walter Adamson
Call MeWalter is CEO NewLeaseG2M and a Certified Social Media Consultant. He has held executive IT positions e.g. CIO, been VP of various functions in a large SI firm eg. SI Division, International, Marketing, Business Planning, and for 3 years established and ran the Internal IS Audit Group of a global resources corp. Partner of Social Media Academy in Australia. Find me at my social places and spaces: xeesm.com/walter
About Walter Adamson   |   Follow on:
  • Twitter
  • Facebook
  • LinkedIn
  • RSS
Categories:
0 comments »

Post new comment

The content of this field is kept private and will not be shown publicly.
 
  • Allowed HTML tags: <a> <br> <img> <em> <i> <b> <u> <hr><strong> <table> <tr> <td> <th><ul> <ol> <li> </li><font><blockquote><sup> <colspan> <rowspan>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Images can be added to this post.
  • You can use BBCode tags in the text, URLs will automatically be converted to links.

More information about formatting options

You can change the default for this field in "Comment follow-up notification settings" on your account edit page.
CAPTCHA
Are you human? (This question helps prevent automated spam submissions.)

MarketPlace

Customer Feedback Innovation: Integrating Structured and Unstructured Data to Drive Customer Satisfaction Improvements

[Sept. 9, 10-11 a.m. PDT] Instead of the multiple disparate approaches of the past, companies can now analyze and report on multiple surveys, using structured and unstructured data simultaneously. Learn how Nicor improved customer experience and raised satisfaction scores by leveraging customer insights along with the right strategies and action planning.

eMetrics Marketing Optimization Summit

[Oct. 3-7, Washington, D.C.] Marketing executives, managers, and business intelligence experts have been meeting at the eMetrics Marketing Optimization Summit since 2002 to learn how to increase their return on online investments. The international conference series is recognized as the premier event for optimizing online marketing value.

Customer Experience Management (CEM) Certification Program

[Oct. 5-7, Scottsdale; Nov. 15-16, London] Innovate, Differentiate, Execute–Learn how from the leaders who did it. Packed with 200 templates, tools and fast affordable ideas, this 2-day workshop is your path to execution. Money Back Guarantee.

Sales Edge Summit: Engaging Customer 2.0

[Oct. 5-7, 9 a.m. - 12 p.m. PDT daily] This virtual Summit features thought leaders from the Founders Council of CustomerThink's SalesEdgeOne community. Learn how to sell more to buyers empowered by the Social Web. Engage with sales experts in nine interactive sessions covering sales strategy, processes and collaboration. All attendees eligible to win an iPad!

Global Customer Experience Management Certification Program

[Oct. 6-7, Barcelona] Learn cutting-edge CEM methods from a team of international gurus. This 2-day course applies CEM essentials, strategies and methodologies on Marketing, Sales and Services; provides a framework with relevant guiding principles and tools for designing the best experience to your customers.

Canada's Customer Experience Strategy Forum

[Oct. 18, Toronto] Complete strategic framework, practical ideas and case studies from Canada Post and Capital One. Come learn from the professionals who delivered measurable results. Network with professionals, learn the secrets, get templates and checklists. Limited seating, so register today!

Lessons in Loyalty: How Southwest Airlines Does It - An Insider's Point of View

Southwest Airlines recognized long ago that they were in the customer service industry, they just happened to fly airplanes. They built and maintained one of the most faithful customer bases in existence today. Read this white paper to discover how to boost the level of customer loyalty in your organization.

Enabling the Buyer's Journey: Two Visionaries Discuss How to Help Buyers Buy

Are you closing all the sales you deserve to close? Are you seeking new sales skills to help influence the buyer's decision making? How are you reconfiguring your sales efforts to incorporate the needs of the new buyers? Learn how to align your sales skills with the journey of today's buyer.

Empower Mobile Salesforce.com Users to Close More Deals

The economy may be recovering, but is your sales force prepared to capitalize on increased demand? Learn how to empower on-the-go sales reps with innovative mobile sales tools and electronic signature solutions to increase sales productivity.

Social Media Customer Service: Show Me the Money (or the Gold)

Hundreds of millions of engaged consumers have flocked to social media sites, with companies rushing to mine this new opportunity. Learn how the winners have approached this early "gold rush" by incorporating social media in cross-channel conversations, using social media analytics and engaging customers.

Social Business Executive Summit: How to Win in the Social Economy

This virtual Summit featured thought leaders in Social CRM, Enterprise 2.0 and Social Media Marketing. View recordings and download slides from six sessions on social business strategy, customer communities, employee collaboration... and how social computing will transform marketing, sales and customer service. Recorded May 25-27, 2010. Sponsored by InsideView, Genesys, Jive, Marketo and RightNow.

Featured Links

Salesforce CRM

The leader in customer relationship management and cloud computing.

CEM Training and Certification

Patent-pending methodologies combine the art and science of Customer Experience Management.

On-Demand CRM Software

Use RightNow solutions to create the best possible customer experience while reducing costs.

Get your event or resource listed in the MarketPlace, reaching 300,000 business leaders monthly.
For more information, contact CustomerThink advertising sales.