Narrator: Effective selling takes an ecosystem. Join host Jen Spencer, as she explores how to super charges your sales, and master the art of never selling alone. Welcome to the Allbound Podcast, The fundamentals of accelerating growth with partners. Jen: Hi everybody. Welcome to the Allbound Podcast. I'm Jen Spencer. And today, I am joined by Travis Smith who is Technology, Global Channels and Regional Vice President for HMI Performance Incentives. Welcome Travis. Travis: Hi Jen. Thanks for having me. Good to be here. Jen: It's great to have you. And for those of you listening who don't know Travis has a lot going on. So, in addition to his role at HMI Performance Incentives, he's also the CEO and Founder of Move the Channel, which we're gonna talk about, and CEO and Founder of TribeVest. So we're gonna get into a lot of good channel talk. But first, can you tell us a little bit about Move the Channel, because I know that's something you're really passionate about. I'd love to get a quick overview of what this is. Travis: You bet. Absolutely. Again, thanks for having me Jen, and good to be here with all your listeners. Move the Channel, absolutely is something I'm passionate about, and it's hard to believe it started eight, almost nine years ago. And in the way that it came to be was…of course, you know, I come from the technology space. So worked with a number of manufacturers and developers, worked for some distributors, was even a VP of sales for a system integrator and re-seller. So, along the way I had met a ton of friends. You know, colleagues, partners, and people I liked and really respected in the channel marketing and channel sales space. And, as you know in technology, there's a lot of moving that goes around, so it's sometimes hard to keep track of everybody. And so, I was playing around in this new thing called LinkedIn. You gotta remember this is 2010. Jen: Right. Travis: So it was kind of a very new...it's hard to believe. Jen: Right. Travis: In particularly, groups were even more new or more foreign to some of us. What I saw was that it was an opportunity to create a group, a community of old friends that I had met and worked with over the years. And so, I came up with the name. I'm convinced it's dumb luck, but it's a little bit of the genius of what has become Move the Channel community, and that's the name, Move the Channel. And we...I invited probably 40, 50 of these people in my network. Again, as a way to kind of keep in touch, and really, not just keep in touch but it turned out to be this network of friends that supported each other, collaborated, opened doors for each other. We even went as far as calling ourselves the Move the Channel Mafia, which I'm glad we didn't do. Sounds exciting doesn't it? Jen: I know. Travis: But, you know, it didn't take long. Here was this tight-knit group of 50 of us. And before we knew it we had 50, and then we had 100, and 1,000, and then, you know, 4,000. And now we have over 6,000 channel marketing, channel sales professionals worldwide. Jen: It's awesome. Travis: And that's how we came to be. Jen: I love it. And I just love, you know, your mission, the vision of it, you know, really trying to cultivate a community. And a lot of people try, and it doesn't always work. And so, I think you got in early like you said. You've kept it very helpful, it's organic. And I think that it's authentic. And I think that's part of why it's been so successful. Do you have like a success story about channel leaders who have been part of this community? Anything that you can share, like an anecdote of something really cool that's come out of it? Travis: You bet. And you nailed it. If you were to go try to start a group today, there's just so much noise and so much out there, it's hard to stand out. So, you know, credit a lot to the name, which I think captured a lot of people's attention and creativity. And the timing of it, getting in first, was obviously a big deal. I think we were, if not the first, one of the first groups dedicated to channel marketing and channel sales. Over the years we've really just been blown away by the impact that Move the Channel, and the reach that Move the Channel has been able to have. And there's...you know, I think about the successes out there, and all the channel leaders in the community. I mean, every time you see these lists of the channel chiefs, the women in the channel, at anytime they're kind of recognizing leadership in channel marketing and channel sales. There's a really good chance that they're a part of this community, whether it's in a Move the Channel group, or our movethechannel.com. But, you know, what we're probably most proud of is just all of the connections that have led to business successes in this group. It's impossible to measure, but I can't tell you how many stories I hear about two people, two leaders getting together, you know, connecting, finding each other from the group or Move the Channel community, and connecting and helping each other. Look at their respective channels from a different angle, through a different lens. And so we don't take credit for these big events that happen, or huge successes, but we like to take a little bit of credit when they actually...those connections were made in the Move the Channel. And a lot of, you know, finding new hires, more teammates, and even vendors. Finding vendors that have helped them achieve their goals, getting referrals to vendors that have helped them achieve their goals. So, you know, there's a lot of specific people that come to mind, but I think highlighting the success of the community is what I'm most proud of. Jen: Well, I think it's definitely something to be proud of. And maybe people listening here, well, if they haven't found Move the Channel yet, they'll go join that community and start reaping the benefits of it as well. Let's talk about HMI Performance Incentives as your, kind of that's your day job, right? That's your main gig. So tell us a little bit about that. And I really wanna learn how you've seen incentives really put to use in the channel. Because it's a big question, you know, people talk about incentivizing sales reps, gamifying experiences, incentivizing your channel. Channel sales reps are, you know, they're just their sales reps that are just not working all the time for you, right. So I'll stop talking. You tell me more about HMI. Travis: You bet. Absolutely. Yeah, you're right. You know, and there's a lot of buzz words out there. It's tough to know what's the appropriate strategy when it comes to engaging, not with just your channel partner, right? And I think of the channel partner at the organizational level. And then there's the channel sales person, the person, the human that works for the partner organization, or the partner sales engineer, or customer support. And HMI, gosh, it's such an exciting company right now. Even though we've been around for 35 years, we really are at an exciting point. We continue to innovate and move the incentive world forward. You know, Jen, when most people think of incentives, they think of the reward. And don't get me wrong, the reward is so critical. If you don't have the right reward, and the reward isn't motivating, your strategy is dead on arrival. Jen: Yeah. Travis: And more than ever, the reward options are more compelling to your target audience. You know, we're seeing huge trends towards experiences, and sporting events. You know, pick out not just merchandise or things like that. You can actually pick out the event, the theater, the summer concert. And don't just stop there but pick the date, the venue, the seat. And what about booking a hotel, and a shuttle to the show, you know, all this online in the incentive program, real time. And it's really, really cool. But let's be honest, I mean, compelling rewards are the baseline, you know, that's just the beginning. And I think what's most exciting that we're seeing at HMI is how channel incentives are solving big problems, you know, big challenges in the channel. And again, most people don't think of incentives like solving challenges. Jen: Right. Do you have an example, like an interesting use case you've seen for a particular partner program? Travis: Yeah, there's a lot of them that come to mind. You know, when I think of these challenges that we're solving, I think of…you know, the three that come to mind that are most common out there is the manufacturer distributor, either, A, doesn't know who's selling their stuff. They might know the partner that they've signed up to distribute or sell their solutions, but they don't necessarily know the sales person on the front line. And so, you know, they don't even have a database to communicate to them. And that's one challenge. The second challenge is you know who these people are. At least you have their contact information, but you don't really have any insight into them. You don't know how they're selling it, or what else they might be selling, or how your solutions might be complimenting their total solution that they're bringing to their customers. And then, C, you know, the third would be insight. They know who the customers are, they have a pretty good insight into their business, but they don't have...are they really winning the engagement, you know, the mind share, and grabbing the mind share and wallet share of these partners? And, you know, HMI has a pretty, really cool story to tell around solving these problems through channels and incentives. So for example, if you were looking to bring in a new, you know, someone that you didn't know. You don't have their information, but they're supposed to be selling your stuff, but you wanna communicate to them. It's much easier to get them to come sign up and register for an incentive program than it is a partner portal or something like that. Jen: Right. Travis: Right. And I know you guys understand why the indirect sales force are just not going to those types of applications. And therefore, you can't really engage with them very well with the traditional partner portal. But anyway, you know, an incentive program, it's pretty easy to not only get them to come register, but to surrender all sorts of information. Even maybe competitive information on who else they're selling. But anyway, back to your main question, you know, I think if I was gonna kind of single out one impressive program out there that just comes to mind, it's with my buddy Todd Owens over at QLogic and Cavium. Who's probably one of the...Jen, I've got to introduce you to him if you don't know him. He's one of the brightest and most strategic thinkers in the channel as far as I can tell. But what he did was he took HMI and his program and turned a traditional incentive program on its head, where most incentive programs are at the core incentivizing for sales. He doesn't reward for any actual sales but rewards all for engagement and enablement. So things like watching a 90-second video and taking a quick quiz, setting an appointment with one of his sales engineers in the region. So there's all these kind of other things that he's measuring and tracking, and ultimately giving rewards out for, which has been really cool. Of course there's a direct correlation between the people that are engaged in doing these things, and the sales that come in the end. Jen: I love that. Yeah, you have to introduce us, because I love the idea of incentivizing. Not the end result, but the behaviors that you know are gonna lead to the end result. So that's awesome. Love it. I want to ask you about your time at ProfitStars. So you were at ProfitStars before you joined HMI. When you were there, you were really in the thick of it, living, you know, day-to-day strategic alliances, identifying, recruiting, on-boarding, and then managing those partners. I'd love to hear some of the biggest struggles that you had in executing your job effectively, because a lot of our listeners are living that life right now. Travis: You bet. Yes. You know, but before HMI and Move the Channel, that was my world. You know, that was the world I was living. And I mentioned working for a number of manufacturers and distributors. And so, a few years ago, I was actually recruited back to that world where they wanted me to run their strategic alliances and roll out partner programs. And was just an incredibly awesome and exciting initiative…for those of you who don't know ProfitStars, it's part of Jack Henry, the $1.8 billion software company that sells through banking channels, so banks and credit unions. And then ProfitStars is the division that sells through all the other partners. So everybody that's not a bank or credit union. And that was the division I was in. And it was pretty easy, because the name was so well-known and they're so respected. You know, getting a meeting with the owner or CEO to sign them up as a partner wasn't a difficult part. And, you know, the CEO and the partner got the value prop that ProfitStars and Jack Henry were bringing to the table. So closing the partner, and you know, recruiting partners was a little bit the easy part. I know that not everybody has that luxury, but that was the case. And it turned out that, you know, the biggest challenge wasn't finding and signing up the partner. It was, you know, how can we engage with that new partner's front line. The sales people, the account managers. Jen, as you know, they're the ones that have the influence over the sale. Jen: Yeah. Travis: So that was our challenge, you know, and that was the fun part. And had a lot of good success, and very proud of the work there. But, you know, it's not something you solve and say, "Oh, we're engaged with the front line and sales people check." Jen: Yeah. Travis: It's something that you're always working on. Jen: Right. Travis: You're always, you know, making sure that you continue to engage and have their mind share. Jen: Absolutely. Absolutely. And I think, you know, speaking of that kind of engagement and results that you get. You know something we talk about quite often here is that 80/20 rule in the channel where, you know, right, 80% of revenue comes from 20% of partners, or even more. You know, even 90/10 sometimes, or more often, lately it seems that we're hearing that. And a lot of that goes back to recruitment, and then how you're engaging, how you're maintaining mind share. You know, what are your thoughts on this principle? Is it something we just have to accept, that this is just the way it's gonna be? Is there a way to avoid it? Love to hear your thoughts on that topic, because I know there are people that definitely fall into both camps. Travis: Sure, sure. Yep. There are people out there that just accept it, and the statistics would be tough to argue that. But, gosh, great question. We've seen though, HMI specifically. I think we're uniquely positioned to help with this dilemma. You know, here's the thing, it's way easier to move up, you know move up an existing customer, a partner, than it is to find and train a new one. And, you know, recruitment and out there finding new partners always needs to be part of your plan. But, if we could just take a look at that middle 60, you know that middle 60%, and focus on them. You know, there's a great opportunity to move them up to that next level. And the challenge has between with performance incentives and channel incentives is a lot of companies kind of roll out these blanket reward programs, right? And when you do that, you have the same 20% hitting those goals and enjoying the rewards, or the president's club trip to Hawaii. And, you know, taking a page out of Allbound's book here, you know, it's all about…today, it's all about personalizing it, and customizing it to each individual person. So, to be honest, the technology wasn't there five years ago. But today, literally, each person that logs in to, you know, an HMI system for example, has a completely unique experience. You know, they see their unique goal or threshold, or unique promotion that's available to them because they sell a certain product or in a certain region, or there's unique rewards available to them. You know, all depending on their demographics or how we've segmented the customer/partner database. So, and then those goals are based on how much they sold from the previous quarter, or how much they sold from the previous year. It's not this, you know, "You have to sell this for us to get our attention," it's, "If you show us progress, we're gonna invest back in you." Jen: Awesome. Travis: And we call this intimacy at scale. You like that? Jen: I do like that. I do like that. Travis: I'm trying to get it to stick. Jen: No, I like that because I think it's something that; you've hit on something that really plagues, you know, a lot of sales and marketing professionals. And the tactics that really work well tend to be ones that are very hard to scale. Because as soon as you start scaling something, you start automating it, it makes it impersonal. And then, you lose that effect, right? Like, you think about the experience, the feeling you get if someone takes the time to write a handwritten note to you, right? And so, I like getting this note, right? Well, then it becomes, let's just e-mail everybody, right? And then it's just another piece of noise in your inbox. And so I like that, I like that idea of intimacy at scale. Yeah. I'm a fan. Travis: Right on. No, that was an awesome perspective. You're right. You know those things that work we try to scale them, and then in the process, we lose the personal touch. And that's usually what it is. It's the personalization that we lose. But, you know, I think technology is finally there. We can still personalize and have the user feel special, because they are, if you're using the right systems out there. Jen: Yeah. Travis: And as a result, you know…so getting back to the 80/20 rule, you know, if we kind of segment our partner, customers in your A tier, and B tier, and C tier, you know, we're all about moving those C tier customers to B, and the B's up to the A tier. And then...now, the only problem is how do we create a new tier for those A's because we've run out of letters. Jen: Right. Right. So I've one more, like channel question for you. And I'm gonna ask you to kind of look through your crystal ball here. Wondering about the future of partner programs, you know, you think about like the last 10 years or 20 years, and then where we are today, they've definitely evolved. If you were to look ahead, where do you see the future of partner programs going? And what are you most excited about for the next decade or two of this world of strategic alliances? Travis: Gosh, that's a fun question. Good question. You know, partners...it used to be…I mean, I guess if we were going to look back before we look into the future, it used to be, you know, the strategy was build it and they will come. And that included all these resources. And they would build these things and kinda put these libraries in place. And back in the day when there was only a handful of vendors doing that, they actually had a little bit of success. They would actually get their partners to come and use these resources. But today, there is just so much noise. Everybody has these resources that they expect their channel partners to come to and access and use. And it's not happening, and it's not gonna happen in the future. It's not build it and they will come. Jen: Right. Travis: It's not the field of dreams. And so, you know, what we're seeing now is...and where I see the future is, it's not getting all these assets and resources. It's how can you integrate with your partner? How can you integrate? And you've always tried to integrate your product into theirs. You know, you've got to keep doing that. You've got to integrate your marketing into theirs. You've got to keep doing that. And you've got to keep doing it better. But the real advance is gonna be, how can you integrate with the buying experience? And can you help your partners be more effective out there selling, and help them through the journey? And, you know, we don't have all the answers there but it's starting to crystallize. Again, companies like Allbound are doing things in ways that people had never seen before or considered just a couple few years ago. And those are areas of advancement that are starting to show us the future of channel marketing programs. And on the HMI side, five years ago we weren't having intimacy at scale, and customizing each participant's experience in the channel incentive program. Today we are. There's a long way to go, but that's where it's heading. Those are gonna be the vendors that win. The ones that can integrate into the buying experience. Jen: I agree, because it's all about the customer. That's exciting. I'm looking forward to seeing that all transpire along with you. So thanks for this. Thanks for sharing a lot of your time today with me about incentives and channel programs. This has been awesome, and I do hope that folks who haven't had a chance to participate in Move the Channel will get over to LinkedIn and join that group and start contributing to that group's success. Thank you for starting that. I think it's...I'm glad, I'm very glad you did. Travis: Also, I think it's where we first crossed paths, virtually. Jen: Yep. That's right. So, but Travis before I do let you go, like, really, I have some more personal questions that I always ask our guests. Just so we can get to know you a little bit better. So I'm gonna put you through that rigor now. So, my first question for you is, what is your favorite city? Travis: Gosh, great question. Cleveland, Ohio. Jen: Really. Tell me why you love Cleveland? Travis: You don't get that answer very often, do you? Jen: No, I don't. I don't. I've been there once, and I liked it when I was there. But why do you like Cleveland? Travis: You know, I'm a little bit from Ohio, and a little bit from California. I always joke my parents when I was really young, so there was a lot of back and forth. I was born in California, more raised in Ohio. But growing up in Mansfield, Ohio, which is about an hour south of Cleveland. I became the biggest die hard Cleveland Browns, Cleveland Indians, Cleveland Cavs, and everything Cleveland. And it was always such a big trip to go to the big city. And so, I have really fond memories of it. And to this day, it's still one of my favorite cities to go visit. Jen: That's great. That's wonderful. Okay, next question for you. Do you consider yourself an animal lover? Do you have any pets? Travis: I do. I'm not a cat person, although my wife is. Jen: Okay. Travis: But fortunately, she's also a dog person. And we saved a mutt from the pound, about seven years ago, and it's part Boxer, part Lab, part Golden Retriever, and a few other things that we're not quite sure. But it is still a puppy today. Seven years later, it has not calmed down a bit. And her name is Honu, which is turtle in Hawaiian. Jen: Yeah. Travis: So, we call her a dog turtle. Jen: What inspired that? I've never met a dog named turtle. Travis: We went on our honeymoon in Hawaii, and went swimming with some honus, some sea turtles. And we found ourselves kind of calling them, and trying to get their attention like you would a dog. Jen: Okay. Travis: And so, we said, "When we get a dog we're gonna call him or her Honu." Jen: That's great. Oh I love it. Okay, next question, Mac or PC? Travis: Oh gosh, I"m sitting here looking at both right now. Jen Spencer: Oh, you're one of those. Travis: I have both, and I love both of them. I have recently been turned onto Mac, and that's where I run a number of my businesses. But, you know what, I have the Microsoft Surface Pro. Jen: Okay. Travis: And, pretty sweet, I have to say. They've come a long way. Jen: Yeah, I've heard great things about that. Okay, last question for you. Let's say I was able to offer you an all expenses paid trip, where would it be to? Travis: It would be to Sydney, Australia. Jen: All right. Have you been there before? Travis: I have. I spent a summer abroad over there. And I've been trying to get back ever since. Jen: Well, I hope you have a chance to return. Travis: Well, should I expect that package in an e-mail after this, or? Jen: No, not any time soon. Travis: No, I was just curious. Jen: Never. It was just hypothetical. Let's say, I was able to offer this. Travis: Yeah. I would say there or Patagonia, Chile, which is another place I've been before, but I'm dying to go back. Jen: Well good. Travis: How about you? I'm curious, what's your answer on that one? Jen: I wanna go to Greece. I really wanna go to Greece, because I want...my background is in theater, and there's a lot of history there, and I want to be able to experience that. But then, I also just love to like just chill on a beach and do nothing. And as far as I can tell, I can do both of those things in Greece. And so that's what I would like to do. Travis: Beautiful. Jen: Yeah. Travis: You've almost made me change my mind. Jen: Oh. Travis: Now, I want to go to Greece. That sounds awesome. I've never been, and that's definitely one high on my list too. That's cool. Jen: Well, thanks for again spending some time with me today. It was awesome. So if anyone wants to reach out to you personally, obviously, they can go to LinkedIn and they can join the Move the Channel group. Is there another way for them to get a hold of you if they want to chat, maybe about HMI or anything that we've talked about here on the show? Travis: You bet. You can go to movethechannel.com and reach me there by submitting just an e-mail, which is perfect. And also, at my HMI e-mail, tsmith@hmiaward.com. And I look forward to it. I love this stuff. I'm kind of nerdy when it comes to channel marketing and sales programs, as you can tell. Jen: Perfect. That's what I like to hear. Thanks again. Thanks Travis for joining me, and thank you everyone else. And we'll catch you next week with an all new episode. Narrator: Thanks for tuning in to the Allbound Podcast. For past episodes and additional resources, visit the resource center at Allbound.com. And remember, never sell alone