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COMPANY CONFIDENTIAL. All rights reserved. Scaling SMB sales growth with referral partners Larry Angeli, CEO, Amplifinity Randy Fahrbach, Sr. Channel Manager, LogMeIn SMALL BUSINESS WEB

Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

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Page 1: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Scaling SMB sales growth with referral partners

Larry Angeli, CEO, Amplifinity

Randy Fahrbach, Sr. Channel Manager, LogMeIn

SMALLBUSINESSWEB

Page 2: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Going beyond Refer-a-Friend

Lead-to-Sales

Online

SALES/CHANNEL REP

ADVOCATE

ADVOCATE

FRIEND

PROSPECT

PARTNER

Refer a

friend

Susie, get a deal!

MARKETER

CUSTOMER SUCCESS

Page 3: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Page 4: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Identify InfluencersWho is in a position of influence with your target customer?• Professional Groupings:

CPA’s Bankers Franchisors

• Associations: Chambers Industry groups

• Other technology companies• Industry consultants

Page 5: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Page 6: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Make it EASY

• Easy to Join• Easy to Refer• Easy to Understand -

simple, standard terms • Easy to Get Paid

Page 7: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Incent the behavior you want

Incent action you’re looking for:• Qualified leads• Competitive takeaways• # of referrals a year• Bigger deals• Renewals• Altruism (double sided reward)

Page 8: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Page 9: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Keep your partner in the loop

• Acknowledge: receipt of referral • Communicate: clear next steps • Update: as referral moves through

funnel• Access: Provide access to portal

where status of referral always available

• Announce: Once sale closed, affirm payment timing

Page 10: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Amanda,

TSYS

TSYS

Page 11: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Make your sellers part of the program

• Enable sellers to build and own their own referral network of partners

• Train sellers to ask for referrals• Word of mouth referrals happen-

make sure they can handle them • Manage and motivate sales for

referral activity• Permit breaking of territory rules for

referrals

Page 12: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Page 13: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Customers can be a partner channel too!

• Business execs are great networkers• They already know the value your company delivers• They want to help you succeed…you just have to ask them • The “20/20 rule” of referral marketing• Success begins w/brand authentic customer referral experience

Page 14: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Leverage your Partner’s sales teams

Co

mp

an

yP

art

ners

Pa

rtn

er

Sa

les

Te

am

Pro

sp

ec

ts

• In 2012 started a referral portal which brought 50% growth over 3 years• Seeing a much higher conversion

rate than other leads• Consistently at a higher deal

amount• Wanted to scale, but outgrew our tools

• Needed to make it easier for partners with better communication

• Needed ability to vary payments by partner

• Needed deeper integration into Salesforce

Page 15: Scaling SMB sales growth with referral partners (Larry Angeli, Amplifinity; Randy Fahrbach, LogMeIn)

COMPANY CONFIDENTIAL. All rights reserved.

Benefits of Referral Partners

Low frictionrevenue

Fast salescycle

Keeps focus on

competency

Low cost to scale

Extends lead gen

team