How to Pick the Ideal SaaS Partner Programme for Your Digital Marketing Company
As a virtual advertising and marketing business enterprise, you recognize that partnering with a SaaS company can drastically effect your business`s boom and success. By providing extra offerings and leveraging progressive tools, you may make bigger your portfolio and generate extra revenue.
However, with such a lot of SaaS associate packages available in the marketplace, deciding on the proper one on your business enterprise can take time. In this article, we are able to assist you navigate this selection through outlining the important thing steps to don’t forget while comparing associate packages. We`ll additionally appearance intently at a number of the first-class SaaS associate software examples available in the marketplace proper now.
How to pick the proper SaaS associate software
There are numerous components maximum accurate associate companions and integration partnerships share. The maximum vital ones are:
assessing the profit-sharing model offered by the referral partnership program
ensuring the SaaS business you consider partnering up with is reliable and trustworthy
checking for possible co-marketing resources and opportunities
receiving specialized customer assistance and/or a dedicated account manager from your SaaS sales partner
enabling access to marketing and sales enablement materials and training
offering certification programs to grow your credibility
By carefully evaluating these against your business goals, you should be able to select the best SaaS company to partner up with. Let`s take a closer look at each of those.
Step 1: Evaluate the Profit-Sharing Model
When assessing a SaaS partner program, it`s essential to consider the profit-sharing model. Look for a program with a competitive commission structure to maximize your revenue. The commission percentage and payment frequency are crucial factors to consider when comparing different programs. Let’s say your digital marketing agency has signed up for Company A’s SaaS affiliate program, which offers a commission equal to 20% of the customer’s lifetime value. Introduce company A’s email marketing software to a customer and pay $50 per month. Customers receive 20% of this commission ($10 per month) as long as they continue to use the service, and after 6 months the commission is $60. Increase your commission income by attracting more customers and providing additional services. This is an income distribution model. Other popular commission models used by affiliate programs include:
Cost Per Acquisition (CPA): Affiliates receive a flat commission for each new customer they refer their services to.
Cost Per Click (CPC): Affiliates receive a flat commission each time their referral link is clicked.
CPL (Cost Per Lead): Affiliate earns a flat commission for each qualified lead they generate. Qualified leads are generally defined as potential customers who have expressed interest in your services and provided contact information. Tiered Commission: Affiliates earn different commissions based on the number of referrals they bring. For example, affiliates can earn 10% commission on the first 10 referrals and 15% commission on all additional referrals. Flat Commission: Affiliates receive a flat commission for each referral, regardless of how much income their clients generate. You should evaluate which type of commission model works particularly well for your particular case and choose an affiliate program accordingly.
Step 2: Evaluate value and trust
Choose a SaaS partner program from a trusted vendor with a proven track record in the industry. Research the company’s history, client base, and overall reputation to make sure it can deliver the level of service your agency demands.
Partnering with a trusted provider will ensure a smoother collaboration and a higher likelihood of success.
Step 3: Seek Co-Marketing Opportunities
Access to co-marketing resources can significantly benefit your agency. Look for partner programs that offer marketing support and opportunities to collaborate on projects and reach more potential customers with joint webinars, reports, and ebooks. These efforts can help you generate more leads and expand your agency`s reach.
Step 4: Ensure Transparent Communication and Technical Support
When partnering with a SaaS company, transparent communication, and dedicated technical support are essential. Ensure the partner program offers dedicated support services for product onboarding and any required technical knowledge.
Having a dedicated partner manager and/or a few broker partnerships agents helps you tell a good SaaS partnership program from an average one. This will ensure seamless integration of the new service into your agency`s operations and minimize potential roadblocks.
Step 5: Access to Marketing Content and Training
Another sign of a successful SaaS partner program is when new partners gain access to exclusive partner content and ongoing training. For example, your SaaS partner can offer branded sales assets to help you highlight your cooperation, build strategic alliances, and reach more customers. This allows agencies to optimally serve their existing clients while keeping abreast of industry trends, best practices and product development.