The LS Retail Partner Network is the backbone of our operation and we keep trying to find ways in which to strengthen it for the mutual benefit of LS Retail and the Partners. As you know, we have been running a Partner Program for several years offering benefits based on performance. The purpose of this letter is to introduce changes and additions to the LS Retail Partner Program.
As of 1 January 2011 the changed Partner Program will take effect. We will send out a reminder in time but the main changes are listed below:
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LS Retail will send out status letters to Partners at regular intervals to inform how much more they need to achieve in order to reach the next level
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To become LS Retail Platinum Partner – sales (new licenses + maintenance) over 2 years must reach 200.000€
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To become LS Retail Gold Partner – sales (new licenses + maintenance) over 2 years must reach 100.000€
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LS Retail will redirect 2% of last year´s revenue of new license sales to Platinum Partners to put into a marketing fund for advertising and/or tradeshows
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New Special Awards will be introduced, such as LS Retail Partner of the Year in different categories, Rising Star of the Year, Add-on and Module Awards and finally special LS Retail Marketing Awards
The status letters will hopefully serve as an encouragement to reach higher and even though we have decided to raise the bar somewhat for Partners to achieve Platinum and Gold Partner status, we now include maintenance sales in the total sales figure. The marketing fund contribution from LS Retail to Platinum Partners will be 2% instead of 1% of last year´s new license sales. Finally, the new Special Awards we will introduce will give Partners a chance to distinguish themselves in a special way among the LS Retail family.