Tracking your channel partners’ success might feel a bit like peering into a crystal ball. This is frequently caused by a lack of data and information. In certain circumstances, you may have the data, but it is difficult to work with. Channel program is a large investment with the potential for a large payout, however, to…
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Leveraging Rewards and Recognition Programs to Enhance Mental Health
The COVID-19 pandemic year has been challenging for everyone, especially employees. People who had jobs were worried about job insecurity in addition to the illness and the isolation it caused. Many businesses throughout the world are being forced to lay off the bulk of their workforce; therefore, such concerns about being laid off are legitimate….
5 Ways to Reward your Channel Partners this Diwali
Keeping channel partners motivated from time to time is a challenging task as happy channel partners are equal to a business’s overall success and brand projection. While the year-end bonuses have their own perks, making your dealers and distributors feel valued from time to time is also necessary. And when it’s the festive season, rewarding them with the best gifts would definitely count for their impeccable growth. Bringing…
Channel Partner Loyalty Program – Good Idea?
Stop procrastinating on when is the best time is to launch a channel partner loyalty programme – Now is the time! A competent Channel loyalty programme may benefit any company, regardless of size, revenue, industry, or phase in the business model. A channel partner is typically a third-party person or a company that sells or…
How To Customize Your Rewards for Different Channel Partners with Propel?
The importance of channel partners is undeniably high in the success of a business. To increase the channel partner’s productivity, reward programs are commenced. The channel partner rewards program needs to leave a major impression and should be in line with the channel partner’s requirement of enhancing his own business. Different channel partners need different…
How do metric-based channel rewards programs work?
Everyone is different and hence everyone cannot be motivated in the same way. Reward programs need to be designed carefully to target the intended audience. Understanding the demographics of the participants is very important when it comes to choosing the right rewards that can motivate them. Cultural and regional factors should also be taken into…
How to accelerate sales growth with channel partner incentives?
According to research carried by CSO insights, 63.5 % of companies have shown significant growth in their sales with the channel partners enablement. Channel partners play a significant role in driving revenue for the organizations by uplifting your sales and market reach. But for the channel partners to go an extra mile and beyond their…
What can Channel Partners learn from COVID-19?
The Covid-19 pandemic and the ensuing global shutdown turned the global economy all over the world upside down, and Indian companies were no exception. The IT hardware channel industry has been one of the hardest-hit industries, incurring heavy losses during the lockdown. However, it slowly began to recover with a new synergy. Much of the…
Best practices to build long-lasting relationships with channel partners
Companies are always on the lookout to introduce their products and services to more and more customers. However, it can be a setback if the company does not have the required expertise on attracting new customers and reaching out to them. Depending on the nature of the business, most organizations rely on channel partners, dealers,…
