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Mike May @SpearOne 8 Emerging Trends for Channel Incentive Programs

8 emerging trends for channel incentive programs

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Page 1: 8 emerging trends for channel incentive programs

Mike May

@SpearOne

8 Emerging Trends for Channel Incentive Programs

Page 2: 8 emerging trends for channel incentive programs

Channel Challenge

“Channel incentive programs have become ridiculously hard

to understand and comply with.”

- Channel Executive

Page 3: 8 emerging trends for channel incentive programs

“Reps get a check and don’t know what it’s for.”

- Channel Executive

Channel Challenge

Page 4: 8 emerging trends for channel incentive programs

Environmental Challenges

• 200 emails / day

• Doing job of 2-3 people

• Changes in job, direction, territories, products

Page 5: 8 emerging trends for channel incentive programs

1. Attribution2. Targeted & Recurring3. ‘Thud’ Factor4. Gamification5. Behavioral6. Award Pyramid7. SoMoGlo8. Enablement

Breathe Life into Your Channels

Page 6: 8 emerging trends for channel incentive programs

TREND 1

ATTRIBUTION

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Attribution

A B C D E

1 2 3 4 5 6 7 8

MANUFACTURER

RESELLER

REP

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Attribution

General IT VAR Dell 20%HP 12%

Cisco 10%Avaya 8%

Polycom 6%Microsoft 12%McAfee 8%

VAR service 10%All others 14%

100%

DellHP

CiscoAvaya

PolycomMicrosoftMcAfee

VAR serviceAll others

Page 9: 8 emerging trends for channel incentive programs

Attribution

Security Specialist

DellHP

CiscoAvaya

PolycomMicrosoftMcAfee 60%

VAR service 10%Symantec 10%

Trend Micro 10%Websense 7%

ESET 3%100%

Page 10: 8 emerging trends for channel incentive programs

AttributionDellHP

CiscoAvaya

PolycomMicrosoftMcAfee 60%

VAR service 10%Symantec 10%

Trend Micro 10%Websense 7%

ESET 3%100%

Dell 20%HP 12%

Cisco 10%Avaya 8%

Polycom 6%Microsoft 12%McAfee 8%

VAR service 10%All others 14%

100%

Page 11: 8 emerging trends for channel incentive programs

Insights

Awards

• Bigger behavior shift requires bigger award

Communication

• Segment audience by attribution %

• Target different messages by segment

Design

• Remember others aren’t at 100% as we are

• Simplify!

Page 12: 8 emerging trends for channel incentive programs

TREND 2

TARGETED & RECURRING

Page 13: 8 emerging trends for channel incentive programs

Message to where they are!

Targeted Communications

Partner Sales Reps

Audience Non- participants

Member with No Points

Silver with Points

Silver with Points, but No Redemptions

Gold Platinum

Objective Increase registration

Build mindshare

Initiate participation

Increase mindshare

Move to Gold level

Increase redemptions

Share unique rewards

Keep 'Top of Mind‘

Move to Platinum

Provide extra

recognition

Page 14: 8 emerging trends for channel incentive programs

”…with any considerable number of repetitions a suitable

distribution of them over a space of time is decidedly

more advantageous than the massing of them at a single

time”

- Ebbinghaus, H.

Spaced Repetition

Page 15: 8 emerging trends for channel incentive programs

Throughout the year

• Definitive start and end

dates

• Set optimal duration

During the campaign

• Capture attention in

short intervals

• Example: Blitz weeks

Rythmic

Page 16: 8 emerging trends for channel incentive programs

Insights

Awards

• Match awards to audience interest

Communication

• Segment & target

• Personalize content

• Create rhythm

Design

• Personalize web experience (PUX)

Page 17: 8 emerging trends for channel incentive programs

TREND 3

THUD FACTOR

Page 18: 8 emerging trends for channel incentive programs

200 emails / day10% read rates2% click thru .4% connection

Challenge

Page 19: 8 emerging trends for channel incentive programs

Campaign in a Box

Page 20: 8 emerging trends for channel incentive programs

Campaign in a Box

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• Custom kit boxes• Collateral• Branded giveaways• Job training aides• Banners and posters• Catering• Motivational awards

Campaign in a Box

Page 22: 8 emerging trends for channel incentive programs

Job Training Aids

Page 23: 8 emerging trends for channel incentive programs

Job Training Aids

Page 24: 8 emerging trends for channel incentive programs

Insights

Awards

• Not all cash and cards

• Ship some stuff

Communication

• Change it up!

• Add print or promo item

• Job aids

• Vary email formats

Design

Page 25: 8 emerging trends for channel incentive programs

TREND 4

GAMIFICATION

Page 26: 8 emerging trends for channel incentive programs

Gamer Types

Achiever Explorer

Socializer Killer

Page 27: 8 emerging trends for channel incentive programs

Game Mechanics

Performance

• Real-time Feedback• Progress Tracking• Goal-Setting

Status• Badges• Leveling Up• Mastery

Social

• Teams• Competition

Page 28: 8 emerging trends for channel incentive programs

• Creating a virtual identity

• Earning badges, trophies, achievements

• Tracking activity

• Competing for a leading position

Game InterfaceGame Interface

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Leaderboard

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Participants will receive virtual rewards such as badges and ‘leveling up’

Badges

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• Team badge notification

• Digital activity stream

• Message board• Peer-to-peer

recognition• Group-specific

leaderboards

Socialize Success

Page 32: 8 emerging trends for channel incentive programs

Web Training GamesGamification

Page 33: 8 emerging trends for channel incentive programs

Web Training GamesGamification

Page 34: 8 emerging trends for channel incentive programs

Insights

Awards

• Add social recognition

• Add prize drawings

Communication

• Promote the game

Design

• Try a game!• Determine

the goal of your game

Page 35: 8 emerging trends for channel incentive programs

TREND 5

BEHAVIORAL INCENTIVE

Page 36: 8 emerging trends for channel incentive programs

Sales Incentive

SALE

Learning ProposalDemoCertificationQuiz

Benefit: Behavioral incentive breaks down & rewards successful steps.

Behavioral Incentive

Challenge: Reps often struggle with mapping steps to a complex sale.

Page 37: 8 emerging trends for channel incentive programs

SALE

Learning

ProposalDemoCertificationQuiz

Behavioral Incentive

Page 38: 8 emerging trends for channel incentive programs

Learning

Page 39: 8 emerging trends for channel incentive programs

SALELearning ProposalDemo

Certification

Quiz

Behavioral Incentive

Page 40: 8 emerging trends for channel incentive programs

Certification

Page 41: 8 emerging trends for channel incentive programs

SALELearning

Proposal

DemoCertificationQuiz

Behavioral Incentive

Page 42: 8 emerging trends for channel incentive programs

Proposal

Page 43: 8 emerging trends for channel incentive programs

Insights

Awards

• Reinforce key steps with rewards

Communication

• Educate channel on important behaviors

• Narrow focus

Design• Roadmap

your steps to success

• Evaluate key drivers

• Determine where focus needed

Page 44: 8 emerging trends for channel incentive programs

TREND 6

AWARD PYRAMID

Page 45: 8 emerging trends for channel incentive programs

$$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$ $$

Where?

Why?

How?

PRO CON

Easy Monotony

Disconnected

Stale

Compensation

Distinct Promotability

Page 46: 8 emerging trends for channel incentive programs

Grand Prize

2n

d

Prize

3r

d

Prize

create excitementattract interest

WOW factor

lots of winnerstouch more participants

reminds that people do win promotes contest

fun awardsmore winners

promote contest

Award Pyramid

Page 47: 8 emerging trends for channel incentive programs

Mexico

ChinaChile

Paris

Awards that Motivate

Page 48: 8 emerging trends for channel incentive programs

Awards that Get Noticed

Page 49: 8 emerging trends for channel incentive programs

Awards that Motivate

Page 50: 8 emerging trends for channel incentive programs

InsightsAwards

• Cash & cards are hard to promote

• Avoid award monotony

• Add overlay contests

Communication

• Align message with channel strategy

Design

• Simplify offers

• Increase awards to match strategy

Page 51: 8 emerging trends for channel incentive programs

TREND 7

SOMOGLO

Page 52: 8 emerging trends for channel incentive programs

So - Social

Page 53: 8 emerging trends for channel incentive programs

Mo – Mobile

Page 54: 8 emerging trends for channel incentive programs

Glo - Global

Page 55: 8 emerging trends for channel incentive programs

Insights

Awards• Social

recognition: what are you doing?

• Badges, virtual recogntion

Communication

• Check your web stats for location and browser type

Design

• Prioritize theatres

Page 56: 8 emerging trends for channel incentive programs

TREND 8

ENABLEMENT

Page 57: 8 emerging trends for channel incentive programs

Channel Challenge

“Enablement is everything.”

- Channel Executive

Page 58: 8 emerging trends for channel incentive programs

The Kirkpatrick Model

Donald Kirkpatrick, PhD, The Kirkpatrick Model

The Kirkpatrick Model

Engagement - - - - - - - - - - - - - - - - Enablement

Page 59: 8 emerging trends for channel incentive programs

Insights

Awards

• Reward enablement behaviors

Communication

• Stop sending same emails

Design

• Ask “how are we doing?”

• Evaluate rep turnover & competency

Page 60: 8 emerging trends for channel incentive programs

1. Attribution2. Targeted & Recurring3. ‘Thud’ Factor4. Gamification5. Behavioral6. Award Pyramid7. SoMoGlo8. Enablement

OR …

SUMMARY

Page 61: 8 emerging trends for channel incentive programs

rapid channel enablement

Page 62: 8 emerging trends for channel incentive programs

Mike May | Spear One | President | [email protected] | 972.661.6010