But waitโbuilding a partnership team isnโt as straightforward as it may seem.
Many assume that repurposing existing sales or client success resources will work for partnership roles. While it can sometimes fit, it’s often more complex than that.
At a high level, partnership resources can be categorized into two main types:
๐น ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐: Focused on managing and growing existing partnerships.
๐น ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ฐ๐พ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป: Tasked with bringing new partners on board, whether through inbound or outbound efforts.
These can be combined, but as your organization scales these roles may need to be separated for optimal performance.
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ: Finding the right talent can be tough. When you do spot potential candidates, they might not be looking to leave their current roles. This speaks volumes about the appeal of a well-structured partnership function!
๐๐ฒ๐โ๐ ๐ฏ๐ฟ๐ฒ๐ฎ๐ธ ๐ฑ๐ผ๐๐ป ๐๐ต๐ฒ ๐ฑ๐ฎ๐ถ๐น๐ ๐ฟ๐ฒ๐๐ฝ๐ผ๐ป๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐ถ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐ฒ๐ฎ๐ฐ๐ต ๐ฟ๐ผ๐น๐ฒ:
๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐
โข Nurture and expand existing partnerships
โข Collaborate on new joint offerings
โข Manage escalations and issues (because they will arise!)
โข Measure success by revenue growth from partnerships
โข Act as the intermediary among your company, the partner, and the client
๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ฐ๐พ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป
โข Identify potential partnership opportunities
โข Initiate conversations and pitch the value of partnerships
โข Negotiate contracts and manage onboarding
โข Oversee the partnership for the first six months post-launch
๐ช๐ต๐ฎ๐โ๐ ๐๐ต๐ฒ ๐๐ฒ๐ฐ๐ฟ๐ฒ๐ ๐๐ฎ๐๐ฐ๐ฒ?
For ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐, success requires the ability to push back. Remember, partnerships thrive on a give-and-take modelโneither side is always right! This is why traditional client success resources may struggle in this role.
For ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ฐ๐พ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป, you need to โsellโ the partnership while simultaneously consulting on joint solutions. This is much more than just closing a deal!
๐๐ฒ๐ ๐ง๐ฟ๐ฎ๐ถ๐๐ ๐๐ผ ๐๐ผ๐ผ๐ธ ๐๐ผ๐ฟ:
โข Ownership and accountability
โข Urgency and initiative
โข The ability to envision and drive joint offerings