The Role of Sales in Great Demos – Part 1

 

Regarding the role of sales in demos, here’s what NOT to do:

 

1.     Nothing.

2.     Way too much.

 

Far too many salespeople contribute far too little – or far too much – in demos with their team members. They handle introductions (often too limited), inflict corporate overview presentations on their prospects, then apparently disappear during the actual demo, only to magically reappear for the final few minutes of “next steps” discussions. Others feel an urge to “pile on,” adding unnecessary comments in an effort to reinforce the presenter’s statements.

 

Here’s a “don’t” list to get you started:

 

0.         Before the demo: Communicate little or no discovery information to the balance of the team. Just say, “Show them the standard demo…”

 

1.         Do detailed introductions of the vendor’s team, but nothing about the prospect.

 

2.         Present a corporate overview presentation that is longer than one slide or one minute.

 

3.         Check out while the demo is underway.

 

4.         Tell the presenter to show “that really cool thing…”

 

5.         Pile on (adding an additional answer to every question already answered by someone else). For a really amusing experience, get two salespeople who naturally pile on in a demo and watch them try to out-do the other. Great fun, if you have no desire to win the business…

 

Pursuing these pitiful practices earns vendor reps placement on the Sales Prevention Team!

 

Any to add to this list?

 

And here are resources for improvement: 

 

-       Situation Slides: A Swiss Army Knife for Sales and Presales

https://greatdemo.com/situation-slides-sales-and-presales-swiss-army-knife/

 

-       Doing Discovery 

https://www.amazon.com/Doing-Discovery-Important-Enablement-Processes/dp/B0B8RJK4C2/

 

-       Illustrations

https://greatdemo.com/illustrations-doing-the-last-thing-first/

 

-       Vision Generation Demos

Great Demo! Third Edition Chapter 11

https://www.amazon.com/dp/B0C9SNKC2Y/

 

-       Managing Questions

https://greatdemo.com/the-elegant-art-of-managing-questions-and-time/

 

-       Business Value

https://greatdemo.com/lets-talk-about-value-uncovering-the-delta/

 

-       Storytelling

https://tinyurl.com/yc7rsrmy 

 

-       All of the Above

https://www.amazon.com/dp/B0C9SNKC2Y/

Qualification vs Discovery: What’s the Difference?

Qualification is done for the vendor’s benefit only;

Discovery is done for the benefit of both parties.

 

Qualification is about establishing boundaries;

Discovery is about broad exploration.

 

Qualification is mostly limited to closed probes with “Yes” or “No” answers;

Discovery expands investigation through open probes, yielding detail and nuance.

 

Qualification provides zero value to the prospect;

Discovery provides value to both parties.

 

Qualification is an interrogation;

Discovery is a bidirectional conversation.

 

BANT is an example of qualification:

Is there a budget? 

Are you the decision-maker?

Do you have a defined set of needs?

Do you have a timeline?

 

The Doing Discovery methodology is a highly successful example of discovery, embracing:

Opening

•       About you

•       Demographics

•       Company

•       Team

•       Workflows/processes

Environment

•       Physical

•       Technical/Infrastructural

•       Know-how

Major Pain

•       Workflow Analysis

•       Do well

•       Do better

•       Quantify

•       Vision Generation and Reengineering

•       Specific Capabilities

Extended Environment

•       Adjacent

•       Impacted

Related Pain(s)

•       Do well

•       Do better

•       Quantify

•       Vision Generation and Reengineering

•       Specific Capabilities

Culture

•       Uniqueness

•       Implementation

•       Adoption

Wrap-up

•       Getting worse, Do nothing

•       Timing – VREs

•       Drivers (CBIs)

•       Final open-ended 

•       Mutual action plan

 

Pro tip: For complex solutions, buyers want to be discovered.

 

And here’s how!

 

The ground-breaking Doing Discovery book:

https://www.amazon.com/Doing-Discovery-Important-Enablement-Processes/dp/B0B8RJK4C2/)

 

The upcoming Doing Discovery Semi-Private Workshop 

(June 3-5):

https://your.greatdemo.com/course/doing-discovery-ilt 

What Does Superior Discovery Deliver?

Vendors who perform superior discovery enjoy…

 

With Prospects:

 

-       Timely Decisions

-       Precise Demos

-       Better Product Fit

-       Closing Doors to Competitors

-       Positive Differentiation

-       Accurate Proposals

-       Expanded Opportunities

-       “Found” Money

-       Reduced Discounting 

-       Grateful Champions

-       Living in the “Land of Science”

-       More Accurate Forecasts and Pipelines

-       More Predictable Sales and Buying Cycles

 

With Customers:

 

-       Happier customers

-       Referenceable customers

-       Referencing customers

-       Customer UGM Presentations

-       Renewing customers

-       Expanding customers

-       Vendors as Partners

-       Customer Success vs. “Customer Rescue”

-       Reduced Churn

-       Success Lanes Feedback

-       Realization of CLV (Customer Lifetime Value)

 

Any more to add?

 

Which are your top three?

 

And here’s how to do superior discovery!

 

The ground-breaking Doing Discovery book:

https://www.amazon.com/Doing-Discovery-Important-Enablement-Processes/dp/B0B8RJK4C2/)

 

The upcoming Doing Discovery Semi-Private Workshop 

(June 3-5):

https://your.greatdemo.com/course/doing-discovery-ilt 

What Does Insufficient Discovery Yield?

 

Insufficient discovery causes:

 

-       Delayed Decisions

-       No Decisions

-       Unwarranted Discounting 

-       “Buying It Back”

-       Slowed Sales Cycles

-       Wasted Sales Cycles

-       Harbor Tour Demos

-       Stunningly Awful Demos

-       Wasted Demos

-       Poor Proposals

-       Wasted Proposals

-       Inaccurate Forecasts

-       Overly Optimistic Forecasts

-       Living in the “Land of Hope”

-       Inaccurate Pipelines

-       Overly Optimistic Pipelines

-       Opening Doors for Competitors

-       Negative Differentiation

-       Poor Product Recommendations

-       Poor Product Fit

-       Unhappy Prospects

-       Burn-Victim Prospects

-       Insufficient Value Perceptions

-       Insufficient Business Cases

-       Money Left on the Table

-       Piles of Objections

-       Poor Relationships

-       Distrusted Vendors

 

Any more to add?

 

Which are your top three?

 

And here’s how to avoid insufficient discovery!

 

Doing Discovery book:

https://www.amazon.com/Doing-Discovery-Important-Enablement-Processes/dp/B0B8RJK4C2/)

 

And the upcoming Doing Discovery Semi-Private Workshop (June 3-5):

https://your.greatdemo.com/course/doing-discovery-ilt 

How Much Discovery Is Enough?

 

Vendors constantly struggle to answer this question – so let’s address it!

 

How much discovery is enough? Is it…

 

When you have a qualified Lead?

 

When you have completed a list of questions? How many?

 

10 questions?

20 questions?

50 questions?

 

When you’ve done thirty minutes per person? One hour per person?

 

When you have a clear definition of “Pain”?

 

None of these are sufficient!

 

Here’s a practical measure – you have done enough discovery when two criteria have been met:

 

1.     When you, the vendor, have sufficient information to confidently and clearly propose a precise solution;

 

AND

 

2.     When your prospect is confident that you have a sufficient understanding of their situation to be able to confidently and clearly propose a precise solution.

 

Both conditions need to be satisfied!

 

(And here’s how to accomplish this:

https://www.amazon.com/Doing-Discovery-Important-Enablement-Processes/dp/B0B8RJK4C2/)

 

Multitask?

Multitask? Heck, I have trouble even single tasking…!