Thursday, May 16, 2024

Precision vs Accuracy in Demos

 


What’s the difference between precision and accuracy – and how does this relate to demos?

 

“Accuracy is how close a given set of measurements are to their true value, while precision is how close the measurements are to each other.” (From Wikipedia)

 

In other words, being precise is the ability to hit the same area over and over, being accurate is the ability to focus on the specific target. Both are required, however, to be effective!

 

You could be wonderfully precise, but way off target; similarly, you could be accurate, but your spread could be disastrously large.

 

In the world of demos, we need to be both precise and accurate! 

 

Accuracy maps to understanding and targeting the Specific Capabilities desired by our prospects; precision is the ability to address only those Specific Capabilities and address them effectively.

 

Sadly, traditional demos can be both inaccurate and imprecise. At worst, they are like shooting at a target while blindfolded – good luck with that! At best, they are precise but inaccurate, for example, when the same overview demo pathway is followed repeatedly.

 

This analogy also provides an understanding as to why traditional overview demos are so ineffective. It is like having the ability to throw a tightly repeatable pattern of darts at any random surface (walls, floor, furniture, whatever…), while hoping to achieve a high score. The pattern of darts is always the same, but they end up far from the target!

 

Doing Discovery identifies the targets; Great Demo! enables accurate and precise demos to take place!


 

 



Wednesday, May 8, 2024

Presales Warning: beware!

Broad, generalized statements about presales are exactly as useful and accurate as broad, generalized statements about any other discipline! (Like this one!)

 

Why post this?

 

Recently, a presales tools vendor posted the results of their survey declaring that the average “Sales Rep:Sales Engineer Ratio” is currently 2.9:1. 

 

While this may be a general average based on the data they collected, it should NOT be accepted as the “right” way to manage resources. 

 

For example, there are vast differences in effective Sales:Presales ratios depending on:

 

-       Market and/or vertical

-       Complexity of products

-       Buying/sales cycles

-       Prospect/customer location on the Technology Adoption Curve

-       And many others

 

Even WITHIN a single vendor, Enterprise ratios could be closer to 1:1, Mid-Market might be 3:1, and SMB might be 6-10:1.

 

Analyze and understand your OWN space to determine the optimum sales:presales staffing!

 

(And try to ignore the Anchoring Effect of that vendor’s report…!)

Monday, May 6, 2024

Time Machines!


Save yourself years! These books (and corresponding Workshops) are time machines, compressing decades of learning, experimentation, improvement, and evolution into a few hours. You can learn these skills the long, painful, hard way, or you can leverage these learnings the fast, easy way!

 

You can find these resources here – enjoy!

 

Doing Discovery

https://www.amazon.com/Doing-Discovery-Important-Enablement-Processes/dp/B0B8RJK4C2/ref=sr_1_1?crid=1U8XAZMG8HBYK&keywords=doing+discovery&qid=1659904849&s=books&sprefix=doing+discovery%2Cstripbooks%2C216&sr=1-1

 

Great Demo! Third Edition:

https://www.amazon.com/dp/B0C9SNKC2Y/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1688763837&sr=1-4 

 

Workshops

https://greatdemo.com/training/ 

Thursday, May 2, 2024

Demo or Discovery Questions? The Answer May Already Be Here!

 

Do you have a question about demo or discovery practices, methods, or skills? Looking for a tip to improve? The answers may already be available!

 

The Great Demo! website Resources pages include:

 

-       Over four hundred blog posts providing easy tips and intriguing ideas

-       Over one hundred articles exploring specific topics in moderate depth

-       Over fifty webinars and thirty podcasts that often include practical examples

 

The wheel has already been invented: Take advantage!

 

And if you don’t find answers to your questions using the search tools or browsing, send me a note! (PCohan@GreatDemo.com)

Wednesday, May 1, 2024

Is “If it ain’t broke don’t fix It” Wrong?


Yes!


Consider:

 

“If you always do what you've always done, you'll always get what you've always got.”

 –  Henry Ford

 

“If you have always done it that way, it is probably wrong.”

 – Charles Kettering

 

What changes and improvements are you making to your sales and presales processes and practices?