Thanks for joining us here on our podcast. We hope that this message will be a blessing for your life, and encourage you to learn more about Jesus. Remember to subscribe to our YouTube channel be notified of our live stream and publications. You can also follow us on Instagram and Facebook. Do not forget to check the website to stay informed and take advantage of additional resources. YouTube - www.youtube.com/esyfchurch Facebook - www.facebook.com/esyfchurch Instagram - www.instagram.com/esyfchurch/ Website - www.esyf.org
The Future of Manufacturing Channel Partner Marketing With Laz Gonzalez, Chief Strategy Officer at Zift Solutions
Industrial Strength Marketing
Learn how to master digital channel marketing strategy for manufacturers with Laz Gonzalez, chief strategy officer at Zift Solutions. Join us as we explore how modern platforms are better enabling manufacturers to sell to, through, and for their distributors, dealers, and reps. Articles and resources reference in this episode:Connect with Laz Gonzalez on LinkedIn Visit with Zift Solutions online If you haven’t already, be sure to listen and review Industrial Strength Marketing on your preferred platform to let us know what you think of the show.Need help in telling your unique manufacturing story or mastering the top challenges and trends in industrial marketing? Visit our INDUSTRIAL Insights section to learn how to make marketing the strength of your manufacturing business.About the ShowAs a top manufacturing podcast, we’re focused on what matters most to industrial marketers and executives tasked with developing and delivering on a strategic growth agenda. Featuring inspiring conversations with manufacturing and B2B marketing leaders on the lessons learned along the way, this show exists to deliver insights that help you grow your business.Are you looking to share your expertise with industrial prospects, influencers, and leaders across the supply chain? Apply to be a guest on the show.
Thanks for joining us here on our podcast. We hope that this message will be a blessing for your life, and encourage you to learn more about Jesus. Remember to subscribe to our YouTube channel be notified of our live stream and publications. Also, follow us on Instagram and subscribe to our YouTube channel. Do not forget to check the website to stay informed of our ESYF church. YouTube - www.youtube.com/esyfchurch Instagram - www.instagram.com/esyfchurch/ Website - www.esyf.org
Laz Gonzalez: 3 Key Ingredients for Channel Marketing Success
Channel Journeys Podcast
How to get more channel sales from your Channel Marketing Investment CJ10. This episode features Laz Gonzalez, thought leader and Chief Strategy Officer for the channel tech company Zift Solutions. Laz has a unique channel journey that begins in Cuba and stretches across a wide variety of channel leadership roles. And he likes to spice things up with a little conga drum action along the way. This episode is packed with valuable channel marketing tips. We talk about how lack of alignment within an organization and with partners hurts so many partner programs. Laz shares the 3 key ingredients for channel marketing success and how much you should budget for each. And he explains why too little of one ingredient can greatly reduce the return on your channel marketing investments. KEY TAKEAWAYS Channel marketing is much less successful when channel marketing and channel sales operate in silos. Having channel sales data and channel marketing data on one platform can help break down those silos. Partner engagement is a challenge that hurts a lot of partner programs. Alignment between sales and marketing helps improve partner engagement, and data is the lifeblood of that alignment. Companies with under $1 Billion in revenue typically spend 5-7% of their channel revenue on their channel program. Companies over $5B spend 2-3%. The 3 key ingredients for channel marketing are through, to, and for-the partner marketing. To be successful, your channel marketing budget should be allocated as follows: 60% for through-partner marketing, 30% for to-partner marketing, and 10% for for-partner marketing. Many vendors miss the mark on to-partner marketing. If you’re spending less than 30% of your channel budget in to-partner marketing, then you can expect to get less than 15% adoption of your through-partner marketing. SHOW NOTES [3:00] Think of Zift as an ERP solution for the channel. Zift merged with RelayWare and acquired some companies like Elastic Grid to create an end-to-end solution. [6:30] As Chief Strategy Officer for Zift, Laz covers channel marketing and channel sales, and has done both in his channel career. [8:40] Zaz was born in Cuba, came to USA in the 60s and moved to the Bronx. Learned to play the Conga drums at a young age for his parents’ house parties where everyone was a musician. [10:15] Laz’ dream was to be an astronaut. He joined the Air Force during college, learned how to fly and how to program. Decided to follow his new dream of a career in the computer industry. [13:00] First channel role was working as a partner of Digital Equipment Corp. Laz was the network guy, relied on DEC’s partner program for training. Went on to Lotus Corp. when they rolled out a first-class partner program. Then had the opportunity to move into running international channel programs. Joined Sirius Decisions where he helped create channel marketing frameworks and the Demand Waterfall. [18:00] Channel programs that succeed have close alignment between channel sales and channel marketing. [19:30] Day-to-day channel challenges include getting alignment within the organization; is the channel organization funded and resourced to do the job? is it connected with the right parts of the organization to succeed? Zift serves applications to both sales and marketing, helping to build that alignment by providing data that breaks down the silos between the two. [21:00] When running marketing programs for partners, having partners sales data helps you pick the right partners and the right marketing campaigns. The data becomes the lifeblood of information on the partners that flows into the marketing. [22:00] Partner engagement is an uber challenge. Lack of engagement hurts a lot of partner programs. Zift drives more productive partner engagement by getting the vendor’s sales and marketing teams together, rather than in silos that are counter-productive. [26:00] There are three modes of partner marketing; to the partner, through the partner, and for the partner. To-partner marketing builds awareness of your products and your program to recruit and gain mind-share. Most vendors start doing marketing for the partner, then try to get the partner do the marketing themselves. [28:20] “What’s in it for you – the partner” is a message that many vendors miss. [29:00] Many organizations have trouble pinning down their channel budget requirements. Generally, companies with under $1 Billion in revenue spend 5-7% of their channel revenue on their channel program. Compare that to sells budgets of 20% and marketing budgets of 7-8%. That percentage goes down as channel revenue grows. Companies over $5B spend 2-3% of their channel revenue on their channel program. [31:00] You want to spend the majority of your channel budget for marketing activities through the partner. But if you’re spending less than 30% of your channel budget in to-partner marketing, you get less than 15% adoption for anything you do in through-partner marketing. For-partner marketing should be special types of program like financial incentives and should not make up more than 10% of your budget. So a good split would be 30% of budget to-partner, 60% through the partner, 10% for the partner. [36:00] Zift has team of channel engagement folks to help improve partner marketing skills. Vendors are also implementing marketing academies for partners. [37:30] Laz cautions that vendors can go overboard on marketing training. Need to be more prescriptive and teach partners on marketing skills specific to the vendor’s offering. [39:00] Big takeaway for Laz, with all the change taking place, is that you can no longer implement a one-size-fits-all partner program. With all the different partner types…specialized, cloud, MSP, agents, referrals, OEM, alliance partners…suppliers need to develop programs that recognize the differences between these partner types. And you need a partner management software solution like Zift that allows you to manage all these partners types on one platform. LINKS & RESOURCES Find Laz Gonzalez on LinkedIn Find Laz on Twitter Learn more about Zift SolutionsThe post Laz Gonzalez: 3 Key Ingredients for Channel Marketing Success first appeared on Channel Journeys.
037: The Insider Guide To Channel Management with Laz Gonzalez
Heads In The Cloud
In this episode, David is joined once again by John Roth to interview Chief Strategy Officer, Laz Gonzalez, from Zift Solutions. Zift Solutions is a channel management solution provider, offering the tools for marketing, sales, and operations success. As Chief Strategy Officer, Laz works with clients to help them drive adoption and shares best practices for creating a stronger channel management strategy. Prior to joining Zift Solutions, Laz was an analyst in the B2B channel marketplace and held other channel-focused roles. He discusses Zift Solution's journey to becoming the leading channel management solution provider and the best practices of success in channel marketing, sales, and more, including his 6:3:1 ratio for managing Partner relationships. Tune in to learn more about Zift Solutions, the marketing elements that successful Partners embrace, and what Laz's favorite sandwich is! You'll also hear about how his Maltese Mix rescue pooch likes to root for the home team and what Cuban dishes he recommends. Show Links Zift Solutions: https://ziftsolutions.com/ The Zift leadership team: https://ziftsolutions.com/about/leadership-team/ Zift Solutions Twitter: https://twitter.com/zift Laz Gonzalez Twitter: https://twitter.com/lazgonzalez Laz Gonzalez LinkedIn: https://www.linkedin.com/in/laz-gonzalez-97b731/
“Well, first of all, I think it IS your fault…” A prominent industry analyst and thought leader, Laz Gonzalez brings unparalleled channel expertise to his role as Chief Strategy Officer at Zift and has served as strategic advisor to leading B2B channel programs worldwide. Before Zift, Laz was Group Director of Channel Sales and Marketing Strategies at SiriusDecisions, where his team published extensively on channel management, partner recruitment, enablement and lead generation while developing transformative frameworks, such as the SiriusDecisions Channel Program Model. A prominent trend in the channel marketing space that bubbled up in late 2017 has continued to be a hot topic well into the second half of 2018 is the notion that many organizations have an unfocused, and undisciplined approach to their marketing technology stacks…