The highest ROI for marketing development funds (MDF) comes from helping partners get closer to buyers. Instead of lavish vendor events attended by the same partners, suppliers should fund activities that directly support an advisor's customer acquisition efforts.
Instead of cold outreach, Accel Events hosts dinner events for potential customers and partners. They create a valuable community space for senior professionals to discuss shared challenges, without ever pitching their product. This builds trust and generates inbound interest and direct requests for calls, proving more effective than traditional sales tactics.
The goal of networking shouldn't be to find your next customer. Instead, strategically identify and connect with potential referral partners. One such partner can become a center of influence, introducing you to hundreds of ideal customers, far outweighing the value of a single transaction.
Differentiate marketing channels by their purpose. Use online platforms for broad reach and repeated touchpoints. Reserve offline, in-person events for fostering the genuine, vulnerable connections that are difficult to replicate digitally and are critical for building strong relationships.
To shift from reactive 'order takers' to strategic advisors, partner marketers should first document their sales counterparts' specific goals (e.g., net new logos, deal registrations). This 'working backwards' approach aligns all marketing activities to sales objectives, building trust and ensuring marketing serves as a strategic partner, not just an execution arm.
Transform your customer base into a community by hosting exclusive meetups. This strategy builds a "culture machine" where customers feel like family, fostering loyalty and generating organic referrals without a hard sales pitch.
Before seeking budget for an event, you must define its strategic purpose. Frame it not as an expense, but as a direct path to achieving core stakeholder objectives like business growth and stronger client relationships. If you can't define the 'why,' don't proceed.
Instead of saying 'no' to partner requests for low-ROI activities like golf events, use data as an anchor. By presenting the past results (or lack thereof), the conversation shifts from a subjective refusal to an objective, collaborative effort to find more effective, pipeline-driving alternatives. This protects the relationship while enforcing financial discipline.
The next evolution of partner marketing is a shift from one-to-one campaigns to an 'ecosystem-centric' model. This involves weaving together technology alliances, distributors, and service partners into a single, cohesive 'better together' narrative. This multi-partner storytelling is far more impactful and resonant for customers than siloed vendor messages.
Companies over-invest in booth aesthetics and under-invest in preparing their go-to-market teams. True event ROI is driven by setting clear pre-event outreach goals, on-site engagement metrics, and rapid, personalized post-event follow-up, not by the physical booth itself.
In a B2B supplier or distributor model, success depends on going downstream. You must understand not only your direct partner's business drivers and KPIs but also the needs of their end-customer. This allows you to align strategy across the entire value chain.