Joint pipeline refers to a collaborative sales process where two or more companies combine their efforts, resources, and strategies to identify, nurture, and close deals with customers.
Example: Imagine two software companies, one specializes in customer relationship management (CRM) solutions, and the other in email marketing tools. They decide to enter into a partnership, recognizing that their services complement each other. Together, they identify potential clients who could benefit from an integrated CRM and email marketing solution. They jointly develop and share pipelines, resources such as sales data and marketing materials, and strategies to approach and convert these prospects into customers. This collaboration not only extends their market reach but also enhances the value proposition for their clients, demonstrating a practical application of a joint pipeline in a B2B context without assuming the reader is part of a SaaS company.
Understanding joint pipeline helps businesses optimize sales strategies, forge meaningful partnerships, and ultimately, drive higher revenue by leveraging collective strengths and opportunities.