Helping Channel Partners Co-brand Sales Assets Using Your PRM Tool

Published: Feb. 11, 2021, 4:53 a.m.

b'Partner relationship management (PRM) tools have existed for more than a decade right now. Although early in the 2000s there were a few companies trying to build applications to manage a distributor channel, the actual proliferation of PRM software didn\\u2019t really happen until about five years ago. The primary focus for PRM tools is automating workflows between a vendor and a partner to make it easy to do business. Most PRM platforms come with a whole bunch of application modules ranging from onboarding, contracts and learning management to asset sharing, deal registration, incentives and more. In this article we will explore the concept of co-branded assets and how co-branding can help vendors streamline distributed sales activities as well as increase sales.\\xa0\\n\\n\\n\\nYou may be wondering what exactly asset co-branding is. Let me explain - Co-branding allows your channel partner to put their logo next to your logo on specified assets and share those assets with the end-customer. This allows the partner to claim a formal association with your brand and gives them an opportunity to ride on the halo of your logos. However, vendors who enable co-branding need to make sure their brand and logos are protected and don\\u2019t get distorted\\u2014 whether intentionally or not\\u2014when assets are shared. It\\u2019s critical for vendors to maintain control over their branding and be able to enforce co-branding guidelines.\\n\\n\\n\\nVendors recruit channel partners for one primary reason: to sell the vendor\\u2019s products and services. For the relationship to work, the vendor needs to help the partner learn to sell the vendor\\u2019s product and services. In order to succeed in that mission, sales reps from the partner organization need to have access to a set of sales tools and sales materials or \\u201cslicks.\\u201d Traditionally, the vendor provides these through their partner portal, assuming they have one. However, in most companies where the channel organization is in its early stages of formation and doesn\\u2019t have a PRM tool, the channel team ends up sharing these documents via Dropbox or other file-sharing tools. This makes the experience pretty cumbersome, because the partner has to go through a flat file structure to figure out what\\u2019s what. Also, this reliance on file-sharing sites makes it easy for partners to make mistakes when they select an asset, co-brand it and share it with their end-customers.\\n\\n\\n\\nThis is exactly where a co-branded asset module or application becomes very useful. Most PRM tools or platforms today include some sort of a co-branding capability. If you\\u2019re evaluating a PRM tool with co-branded asset capabilities, make sure the core features are capable of addressing your needs as well as your partners\\u2019 needs. You should consider:\\n\\n\\n\\nTypes of assets:\\xa0When you\\u2019re evaluating a PRM tool, make its co-branding capabilities are world class and can accommodate multiple types of assets, such HTML, HTML5, PDFs and other common document types.Asset preview:\\xa0Your partners should not only be able to co-brand assets with different types of logos and insignias but should also be able to preview assets easily before they download them for offline use. They should also be able to share these documents, if required, directly from the system.Co-branding of assets:\\xa0Co-branding should be easy. Partners should be able to select a set of assets you have provided to them and quickly add customized content in specified areas, based on their edit and access rights. You should be able to configure access and editing rights so, for example, your Gold partners are allowed to modify more areas than your Approved partners and add their own content.Print quality:\\xa0Assuming your partners send out printed materials to their customers, you will need the ability to provide high-resolution print quality assets to your partners for their co-branding activities. Unlike ZINFI, most PRM vendors in the market today are not able to do that.Analytics:\\xa0Finally,'