Find partnership terms by letter

Terms starting with

T

Noun

A technology partner or app partner is another software vendor who your product integrates with, offering a unified end-user experience. Often referred to as an integration partner, companies often build software integrations with these potential partnerships in mind.

These integrations can range from simple data exchanges to entire workflows, ensuring customers have a seamless experience with both products.

Technology partners also make incredible co-marketing partners. By collaborating on marketing, each partner can expand their market reach by tapping into each other’s customer base and driving qualified leads to each other's products. Co-marketing strategies can include webinars, email marketing, and swapping blog posts.

As B2B audiences use more software solutions simultaneously in their tech stacks, being able to integrate with other technology partners will become increasingly important for companies looking to gain a competitive advantage in the B2B industry. By working with technology partners, companies can offer more solutions to their customers while accelerating their market reach and increasing their revenue.

Related: How co-marketing strategies can build trust and win you that deal.

Example:

A popular project management software strategically aligned with a time-tracking app as a technology partner. Users were able to track project hours directly within the project management platform and saved over 10 hours a week.

Noun

A technology partner, also known as an integration partner, is a company that connects its software platform or technology with another company's platform to provide extra value and a more seamless experience for their mutual customers. This collaboration typically involves creating integrations that enable data sharing, workflow automation and improved functionality between the two platforms Integration partnerships are strategic alliances that can offer significant benefits to both parties.

By combining their strengths and resources, companies can generate quality leads, drive more referral revenue, and help close important deals without having to invest significant time and resources in developing new features or functionalities in-house. Integration partners can also help companies access new customer segments and accelerate their sales cycles by leveraging their existing customer base and industry expertise.

Successful integration partnerships require a well-defined go-to-market plan, clear communication and ongoing collaboration between the partners. This involves aligning on the specific use cases for the integration, providing accurate documentation and support and working together to promote the integration to their respective customers.

Example:

An e-commerce platform partnered with a top-rated email marketing provider as a technology partner to enable automated email campaigns triggered by customer actions, which helped to drive conversion rates for online retailers.

Noun

Through-channel marketing is a strategic tactic in B2B SaaS to increase sales by leveraging a partner network. It involves collaborating with other businesses, such as resellers, distributors or value-added resellers (VARs), to market to their established customer base and distribution channels. This collaborative effort allows SaaS companies to extend their reach beyond their direct sales capabilities and tap into new audiences and customer segments.

TCM leverages the partner's existing infrastructure, expertise, and relationships for the sale, essentially acting as an extension of the company's sales and marketing team. This not only reduces the burden on internal resources but also provides a cost-effective way to acquire new customers, as the partner often shoulders a significant portion of the marketing and sales activities.

Successful TCM involves a well-structured partner program with clear incentives, training and support mechanisms to ensure that partners are equipped and motivated to sell the product effectively. By building strong relationships with channel partners, SaaS companies can create a scenario where both parties benefit from increased sales, expanded market presence and offer better customer value.

Example:

Using through-channel marketing software to connect with network partners, Pedro was able to lower his customer costs and boost overall revenue.

Noun

In the context of B2B partnerships, tiers, also known as commission tiers, are structured levels within a partner program that offer varying compensation and benefits based on a partner's performance and engagement.

Each tier typically has specific requirements or criteria that partners must meet to gain access to the associated commissions, creating a clear path for progression and incentivizing partners to drive greater value for both themselves and the company. This means that lower tiers have attainable goals for new partners to encourage engagement, while higher tiers help retain your best performing partners.

By offering a graduated system of rewards, companies can encourage partners to invest more time and resources into their program and drive more sales. They also help to foster a sense of loyalty and commitment among partners, as they can see a tangible path for growth and increased earning potential within the program.

Example:

A SaaS company implemented a tiered partner program with three levels: Silver, Gold, and Platinum. Each tier offered increasing levels of support, marketing resources, and commission rates based on the partner's sales performance. This tiered structure successfully motivated partners to drive more sales and achieve higher tiers, resulting in a significant boost in revenue for the company.

Noun

In the context of B2B partnerships, Time to First Sale (TTFS) is a metric that measures the time it takes for a new partner to close their first sale after joining a program. TTFS can help measure a program's effectiveness in onboarding, enabling and motivating partners to hit the ground running.

For businesses, TTFS is a key performance indicator (KPI) that shows the scalability and efficiency of their partner program. A shorter TTFS not only translates to faster revenue generation but also correlates with higher partner satisfaction and long-term engagement. Partners who experience early wins are more likely to remain committed to the program, invest further resources and become valuable contributors to the company's growth.

This metric can also be a tool for assessing the overall health and efficiency of a partner program. TTFS can be used to identify bottlenecks in their onboarding process, pinpoint areas where partners may need additional support and highlight other areas of opportunity. A lower TTFS can lead to faster revenue generation, increased partner retention and contribute to a more successful and sustainable partnership ecosystem.

Example:

By implementing a comprehensive onboarding program that included personalized training sessions with top-performing partners, the company significantly reduced the time to first sale for new partners.

Noun

A training partner is a collaboration between a SaaS provider and its business clients, focused on transforming those clients into proficient platform experts. This goes beyond simply providing software; it's a hands-on approach focused on education and empowerment.

A training partner gives clients the knowledge and skills they need to maximize the value of the software solution. It can be described as a mentorship program for software, where the training partner doesn't just hand over the keys to the software and instead actively educates clients through training programs, resources, and support.

By helping clients understand the ins-and-outs of the software, they can properly apply it and hit their business goals and objectives.

Training partners are essential for reducing churn by making sure clients understand how to use the software and are satisfied with their experience. The goal is to create a long lasting relationship built on mutual support and a shared commitment to success.

Example:

As part of our B2B SaaS partnership, the software provider acted as a dedicated training partner, offering tailored onboarding sessions and continuous support to ensure our team knew how to use the platform's advanced features to automate workflows and save time.

Noun

To build a thriving B2B partnership ecosystem, equipping your partners with the knowledge and skills to effectively sell your SaaS solution is paramount. This is where training platforms come in. These platforms act as your digital headquarters for partner enablement, allowing you to create, deliver and track comprehensive training programs.

A training platform may live within a CRM or PRM as a centralized hub where partners can access product demos, in-depth tutorials, sales playbooks and certification courses – all designed to turn them into product experts and revenue generators.

Training platforms go beyond simply conveying information. They offer interactive features like quizzes, simulations and progress tracking, ensuring partners retain knowledge and confidently navigate the sales cycle. Ultimately, these platforms empower your partners to become an extension of your sales force, driving lead generation, boosting deal velocity, and maximizing your combined revenue potential.

Example:

An innovative training platform equips your affiliate network with the tools and knowledge they need to effectively promote the vendor's products and maximize their earning potential.

Noun

Triggers are "if-this-then-that" style workflows that help automate a partner program. Triggers work similarly to many marketing automation platforms and are designed to streamline operations and maximize efficiency.

A trigger has three main components that acts like a chain reaction:

  1. Event: what sets off the trigger. For example, a new customer signing up or a deal being closed.
  2. Rules: the specific criteria for the trigger, like which partner groups it applies to, or if it applies to only specific types of transactions, etc.
  3. Action: the result of the trigger. For example, generate a bonus commission for a partner.

Triggers help automate and eliminate manual tasks, saving valuable time and resources and allowing partner managers to extend their capacity. Triggers can be built around specific goals and strategies, creating a personalized and efficient experience for partners.

By setting up certain workflows, partner managers can manage and keep a large volume of partners engaged like sending a congratulatory message to a partner when they reach a certain sales threshold, or automatically enrolling them in an advanced training program once they achieve a specific certification level.

Example:

Using PartnerStack's PRM, you can automate emails and trigger bonus commissions for partners based on their performance.