Partnerships are great, aren’t they? Gin & tonic, apple pie & custard, Prince Harry and Meghan, there is one thing they all have in common and that’s balance. The ying to the yang, if you will. This is also true when it comes to crafting the best joint partner value propositions. It’s all too easy to try to merge two separate stories together – we do X, our partner does Y but the problem being, customers can see straight through it – or be left totally confused. That’s why the story needs to be told properly, if it’s to drive sales results. It’s also a really good way to make sure both sales teams see the collective value and can position the complete offering.
For joint propositions to really fly, the focus must always be on the power of the joint solution – how, by two (or more) companies coming together can you help meet the customers’ needs better/faster/more cost effectively than the competition. It is less important who technically does what but it’s essential that the customer can understand what the offering can do for them. At the end of the day, they don’t care who delivers it, just that it works.
Here are a few simple tips to make sure you achieve the perfect value with your proposition:
And one final point, it can really help to involve a third party when developing joint partner propositions. An independent view can ensure all your value statements are properly tested against the customer ‘so-what’ question and that there is no bias on either side.
SUGGESTION! A great joint value proposition doesn’t come easy! You must ask – so what, so what – over and over to get them beyond feeling technically bamboozled. Don’t rush them, take the time to do it once and properly.
Director & Head of Value Proposition Development