How do you measure partner channel performance? It’s an essential part of working with the channel so you know what’s working and what’s not.
SaaS vendor channel programs have the potential for a big pay-off. But to see those returns, channel managers need to keep an eye on channel sales metrics and partner performance.
Numerous key performance indicators (KPIs) quantify partner program success and offer an analytics-based approach for driving growth. But which ones should you prioritize?
Explore the five essential partner program KPIs you need to measure. By learning what they are, you’ll gain transparency into your channel partners and how they bring in recurring revenue.
Review partner program data to create actionable next steps. Measure your channel sales success with the following metrics to identify strengths and opportunities for improvements.
Gauge your pipeline health metrics to understand what’s working. Measure the following metrics by specific timeframes, such as monthly or quarterly:
With all the enablement materials and programs you create for your partners, you want to know whether they are using them.
Examine the following metrics to determine enablement engagement:
You can determine the active state of your partners based on their behavior. With this information, you can:
Look at the following metrics to measure your partners’ level of activity:
Analyze sales data to improve performance by revealing your channel network’s strengths and weaknesses. Also, enable your channel account managers to forecast and predict sales. These analytics track progress, adjust sales compensation and award incentives, identify strategic issues, and prepare for the future.
Study the following sales metrics:
Understand the quality of engagement between your channel partners with their end clients in driving customer satisfaction. Regularly measure end-client satisfaction to guide how and where you invest in overcoming partner skills gaps and growing your channel’s strengths.
Factor in the following metrics:
Measuring your channel partners’ performance can feel like asking a Magic 8 Ball for advice. You keep shaking it until you get the answer you want—or in this case, the correct data. Measure your channel partners’ performance on real metrics, not wishful thinking.
Use the channel performance metrics outlined in this post to:
With these partner program KPIs, you can better manage your complex web of partnerships and improve your channel program to get results that generate more sales.
Measure and improve your partner channel performance with Zomentum PartnerAlign. Apply to join.