A successful partner ecosystems partners require an extension of your company team culture – that’s not an easy thing to do but it will drive success.
CaptionHub has built a successful ecosystem that has delivered 50% YoY growth and delivers over half of its revenue. The success of that largely lies in us considering the teams of our partners as an extension of our own.
That means building very close relationships to drive success with sales teams, marketing teams, and development teams – all the way to the top. Building, extending, and joining two or more separate cultures takes attention, trust, time, and effort. This article will touch on some of the key success factors and drivers we have seen in the last seven years and also some of the risks we’ve identified along the way.
Having built an ecosystem-led go-to-market model from the ground up - we’re acutely aware that the success of any partnership is enabled by considering our partner teams an extension of our own. At times that has felt like anything but scalable, but it can be extremely effective: although it requires as much effort as building out one’s own culture, the results are worth it.
Ultimately when we’re building those relationships and processes, we pay as close attention as we do to our internal processes, if not more. This is, after all, about us extending and joining two or more separate cultures.
Successful ecosystem partners fundamentally rely on your company expanding your brand - and as a subset of that, your culture. Extending your sales team and culture is not an easy thing to do – it’s far from easy building a strong internal culture! So, I’m going to say from the outset here that there are no shortcuts or hacks to making this happen overnight or with any guarantee at all.
By James Jameson.