Howdy Partners #70: Generating $5 Million Through Partnerships with Pedro Mattos
Nearbound Daily #605: Are You Utilizing All Four Channels For Intros?
Nearbound Daily #604: The #1 Lesson Every Partner Leader Should Learn From Walmart's Sam Walton
Nearbound Podcast #166: Pete Caputa’s Return: The Partner Led Startup Story
Nearbound Daily #603: Steal This Play to Engage Customers With Partners
Nearbound Daily #602: We Can Do Better With Partner Onboarding
Breaking News Roundup: Microsoft Exec Becomes CTO, HP's Business Model, and Cisco Investing $100 Million in Partners
Nearbound Daily #601: Doing Events The Nearbound Way
Nearbound Weekend 06/08: Use the ICE Framework to "Partner Pill" Every Department
Nearbound Daily #600: 5 Common Mistakes to Avoid When Starting Your Partner Program
The GTM Partners x Reveal partnership
Nearbound Daily #599: Steal This Partnership Value Model
A Deep Dive Into the Nearbound Book, With Mike Midgley
Nearbound Podcast #165: From Zero to $400M in Revenue - Finding Success in a Crowded SaaS Market with Jeff Cheal
Nearbound Daily #598: American Airlines' Recent Mistake Validates The Nearbound Era
Partnership Value Modeling
Nearbound Daily #597: Robert Cialdini On How To Influence Partners To Give You More
Nearbound Daily #596: How to Apply For a Job Like a Pro
How Bynder doubled the size of their tech ecosystem in just six months with ELG
Nearbound Weekend 06/01: How to Solve B2B Marketing with Nearbound
Your ELG buy-in playbook: How to bring your org’s key players on board
Nearbound Daily #593: Partners Are Not Your Glorified BDRs
Nearbound Daily #592: Tap Into Partners To Help Close a Deal In The Final Stages.
Nearbound Daily #591: Great Partners Are Like Diamonds
Top takeaways from the 2024 Ecosystem-Led Growth Conference
Nearbound Daily #590: How to Expand Into New Markets Through Partners
Nearbound Podcast #162: "I Built My Entire Business on Nearbound Principles" - with Tim Chermak
How Sales Teams Use Ecosystem-Led Sales to Hit Revenue Goals
Nearbound Daily #581: Partner Fleet Shares Their 9-Step Guide to Buy-In
Nearbound Daily #579: Metadata.io Kills Their CS Team (And Why It All Points To Nearbound)
The Era of Ecosystem Orchestration is Finally Here
Nearbound Daily #580: How Fullstory Increased Their Renewal Rate by 14%
How Fivetran Powers its Ecosystem-Led Sales with Data
Meet the RevOps-Turned-Partnerships Leader Who Transformed LeanData's Sales and Attribution Processes
Nearbound Weekend 04/27: My Key Takeaways from Goldenhour
Nearbound Daily #574: Steve Jobs On Buyer Preferences (And How It Relates to Nearbound)
Nearbound Daily #573: Meet NearBOT, Your Handy Nearbound Assistant
Nearbound Daily #571: Sapphire Ventures’ Guide to Building an Effective Partner Strategy Framework
Setting strategy and getting buy-in: Braze’s ELG Sales Tetrahedron
Nearbound Daily #570: Use Chris Lavoie's 2x2 Matrix To Prioritize Partners
Data Sharing Best Practices: How to Talk with your B2B Tech Partners
Chelsea Graham: The Unglamorous Art of Winning Your Sales Team’s Trust | Supernode 2022
Nearbound Daily #565: Here's How To Do Co-Marketed Events Better Using Nearbound Data (Step-By-Step)
Nearbound Daily #564: An Email Checklist to Make Better Impressions
Nearbound Podcast #161: 3 Things You Need to Know: Attribution Crisis, Early Majority, and the Consolidation of Tech with AI
Nearbound Daily #563: Every Stat to Help You Prove the Value of Partnerships
Nearbound Daily #562: How Oneflow Saw a 190% Surge in HubSpot-related Opportunities
Nearbound Daily #561: Get The Respect of Your Sales Team in 60 Days (Resources)
Nearbound Weekend 04/13: The Only Way To Create A Nearbound Culture
What’s an IPP—and (when) do you need one?
Nearbound Daily #560: How Pigment Increased Win Rates 5-10% with a Nearbound Overlay & Reveal
Nearbound Daily #559: Clari's CEO Complete Guide To Run The Best Meetings
Nearbound Podcast #160: How Open Source Unlocked Our Ecosystem - with Clint Oram
Unleashing the power of ELG The stats you need to know
Howdy Partners #68: Automating Revenue Generating Partnerships with Rob Rebholz
Nearbound Daily #557: Alexis Petrichos' Quick Start Guide To SaaS Partnerships
Partner Professionals Need to Pick a Career Path—It’s Either Partnering or Ecosystems
Nearbound Daily #556: The Circle-Back Play: How To Get Meetings With Top-Level Execs
How nearbound can help keep and win back customers
Nearbound Weekend 04/06: Revenue Leaders (Want To) Believe In You
Nearbound Daily #555: The Back-A$$ward Way To Do Community
A Deep Dive Into the Nearbound Book, With Mike Midgley, Part 3
Nearbound Daily #554: Inverta's Jessica Fewless On How to Fill Your Pipeline With Nearbound Leads
How to do co-marketing when you’re not a marketer
Follow the 'Customer Value' Rule in 2023 and You'll Win
Ecosystem-Led Growth: The Power of Your Partner Ecosystem
Nearbound Podcast #159: Meet Your Partnerships Mentor - Nelson Wang on First Principles
Nearbound Daily #553: The Convenient Age of SaaS Is Over
Insider Daily #682: Winning in the ELG era
Nearbound and the rhythm of business
Nearbound Weekend 03/30: A letter to founders and execs from Jill Rowley
Nearbound Daily #550: Three Reasons You Need PartnerOps This Year
The Role of Nearbound Partnerships for Customer Success
Nearbound Daily #549: Atlassian's Missed Ecosystem Opportunity
Nearbound Podcast #158: Why Agency Programs are the HARDEST. The Pirate Island Problem, with Max Traylor
Howdy Partners #67: Sales Insights Unleashed - Jakub Hon
Nearbound Daily #548: Learn to Say No. It'll Save You
Nearbound Daily #546: 9 Creative Ways to Showcase Your Champions
The 2024 ELG Index: Charting the Global Progress of Ecosystem-Led Growth in Tech
Nearbound Weekend 03/23: Our Response to Chris Walker's Provocative LinkedIn Post
Nearbound Daily #545: 2024, The Year of Partnerships
Nearbound Daily #544: 🤐 6 Top Revenue Leaders Told Us What They Really Think About Partnerships
Measure and Prove: How PartnerOps Drives SaaS Success
Key Trends Discussed at the Summit
What top revenue leaders really think of partnerships
Nearbound Daily #541: 😱 Renewals Aren't Automatic...Here's What To Do About It
Nearbound Weekend 03/16: Find Your Pot of Gold ☘️
How to Win Hearts and Minds in Partnerships
Nearbound Daily #537: The Rise of Nearbound Revenue Platforms with Canalys Experts
How Kolleno Reduced Their Time to Close by 50% with Ecosystem-Led Growth
Nearbound Daily #535: Every Partner Has Favorites, Become One
Friends with Benefits #34: The Power of Direct Mail and Building Genuine Relationships with Katie Penner
Nearbound Daily #534: From Lack of Buy-In to All-In
The Book that GTM Needs
Nearbound Daily #533: Inside Story: HubSpot Wasn't Always Partner-Centric
Nearbound Podcast #155: How Integrated and Partner Marketing Strategies Achieve Win-Win Scenarios with Calen Holbrooks
Nearbound Podcast #154: The Nearbound Book Launch with Jared Fuller and Isaac Morehouse
Nearbound Daily #532: Partner Emails Done Right
Realize the Full Value of Your Software and Service Partner Marketplace with Integrated Ecosystem Clusters
Nearbound Daily #531: Let’s Get to Know Your Buyer
Ecosystem-Led Sales: Deals and Revenue

New Data: Involving Partners in Deals Increases Win Rate for Nearly Every Ecosystem Size and Type
by
Evie Nagy
SHARE THIS

Data from the Crossbeam network gives new insight into how partner involvement in deals lifts your sales team's win rate compared to deals without partners.

by
Evie Nagy
SHARE THIS

In this article

Join the movement

Subscribe to ELG Insider to get the latest content delivered to your inbox weekly.

Ecosystem Intelligence can give you all kinds of actionable insights to help you win deals, including which strategies are working and how well.

Win rate is a key revenue metric, so to look at that element of the effectiveness of Ecosystem-Led Growth, we wanted to dig into how it’s affected by involving partners in deals.

And we found good news: Across the thousands of companies on the Crossbeam network that have win rate data both with and without partners*, the average lift in win rate when partners are involved in deals is 11.7%.

Of course an average is only one view of an outcome, especially across thousands of companies with different characteristics. To drill down further, we wanted to see if the lift in win rate with partners varied significantly by how many partners there are in an organization’s connected ecosystem on the network.

It’s important to emphasize that when we talk about partner count, we’re not looking at a company’s total number of partners — we’re looking at the number of partners with whom companies are account mapping and sharing data on Crossbeam or Reveal. In other words, any correlation between win rate lift and ecosystem size only applies to an organization’s connected ecosystem.

We put companies in five groups based on the number of connected partners they have in Crossbeam, and found the average win rate lift for each group:

When we did this, we found that win rate lift averages are still positive for every connected ecosystem size, meaning no matter how big or small your ecosystem is, you are still likely to increase your win rate by involving partners in more deals. And the more partners you're connected to, the better your win rate lift from partners gets — EXCEPT, there’s a valley at 5-10 partners. Curious! 

The rest of the graph suggests that a bigger connected ecosystem means more opportunities to leverage Ecosystem-Led Growth, which translates to higher win rates for deals with partners than without. Why would win rate lift steadily climb from 9.4% with 1-5 partners to a whopping 37.1% win rate lift with a large connected ecosystem of 50+ partners, but drop to only 2.5% with 5-10 connected partners? 

Win rate lift averages are positive for every connected ecosystem size, meaning no matter how big or small your ecosystem is, you are still likely to increase your win rate by involving partners in more deals.

We hypothesized that maybe it wasn’t just ecosystem size that correlated with win rate lift, but the relationship between company size/sector and ecosystem size as well. After all, partners need management and engagement, so a tiny company wouldn’t necessarily be able to effectively leverage a huge ecosystem.

We sliced the data further to look separately at SMBs and Enterprise companies within each partner-count “bucket”. And ta-da, our first negative number, right there in the 5-10 partners group.

But it turns out the explanation isn’t really SMBs biting off more than they can chew. There is a small drop in average win rate lift when SMBs go from 1-5 partners (8.7%) to 5-10 partners (4.6%), and another one when they go from 10-25 partners (13.2%) to 25-50 partners (12.2%). But then their win rate lift skyrockets to 36.2% when they grow their ecosystem to 50+ partners. 

The effect of ecosystem maturity

A possible explanation for this is ecosystem maturity — there are some growing pains when SMBs are building their ecosystems, such that partnership management and collaboration hits a few alignment and efficiency walls. But by the time their partnerships program is mature enough to have 50+ connections in Crossbeam or Reveal, they’ve established a flywheel that efficiently uses partner data and ELG motions to win deals. And even before then, they’re still seeing better win rates for deals involving partners than for those that don’t 

The only group that actually sees slightly lower average win rates for deals involving partners than for deals without them (win rate drop of 1%) is Enterprise companies with 5-10 partners in their connected ecosystem.

When we talk about partner count, we’re looking at the number of partners with whom companies are account mapping and sharing data on Crossbeam or Reveal. In other words, any correlation between win rate lift and ecosystem size only applies to an organization’s connected ecosystem.

Enterprise companies that are sharing data with only a handful of partners are very early in their ecosystem maturity and aren’t anywhere close to fully utilizing ELG in their revenue process 

Given their likely customer base and ARR, these companies are probably missing out on millions driven by the lift in win rate that partners can bring to deals. When they do bring partners into deals, they likely aren’t very aligned or strategic in how they’re doing it, so they’re seeing very little payoff in terms of win rate.

The win rate power of ELG for the sales team

Now that we had a sense of ecosystem factors that affect the win rate lift of involving partners in deals, we were curious about the impact of direct sales team involvement in the ELG motion.

The way we measured this was by looking at companies on the Crossbeam network that 1) have win rate data with partners and without in Crossbeam, 2) have purchased at least one seat on Crossbeam for Sales, our platform’s tool built specifically for sales teams to easily use partner ecosystem data and Ecosystem Intelligence throughout the sales cycle.

Of course as we all know, buying doesn’t necessarily mean fully using — so we grouped these companies by percentage of Crossbeam for Sales seats filled by a user.

The results here are striking. Companies using 75-100% of their sales seats see an average lift in win rate of 58.6% for deals involving partners versus deals that don’t. Filling 50-75% of Crossbeam for Sales seats has an average win rate lift of 43.2%. 

Companies that have filled less than 50% of their sales seats have average win rate lifts ranging from 16.2% to 30.3%. Remember that this is compared to an overall average of 11.7% for all companies on the network with comparable win rate data, meaning that even companies that have filled few or none of their purchased sales seats are seeing far higher win rate lift with partners than other companies sharing data on Crossbeam.

While full or almost-full usage of sales team tools in Crossbeam clearly unlocks the biggest win rate lift, it’s not hard to understand why much lower or zero usage might also correlate with high win rate lift: The companies that have gotten to the stage of buying seats for their sales teams are invested in Ecosystem-Led Growth and are already effectively using their partner network and ELG playbooks to win more deals. Once they have all their sales reps on board, they'll be turning up the closed-won fire and unlocking even more revenue with their partner ecosystem.

*Based on Crossbeam network data as of October 28, 2024

You’ll also be interested in these

5 Ways to Leverage Ecosystem Data
Accelerate innovation and market reach: Why data sharing is a game-changer for ISVs
Crossbeam Product Drop: How to turn your ecosystem data into dollars