Thursday, June 29, 2023

The Sales Hustle Podcast – Great Demo! & Doing Discovery Insights

 

“Sales, presales, and the tools that get us there…” I joined Miles Martin for this 40-minute exploration of:

    • Intro – with a reverse!
    • Experiences being the prospect – and a new perspective on demos
    • The need to turn demos upside down and Do the Last Thing First
    • Discovery – where the problems begin…
    • Being different
    • Biggest gaps in demos
    • One size does not fit all!
    • Demos need to be tailored to individual job titles
    • CRM systems as an example
    • Slice and dice, via discovery, what individual job titles want and need – and use cases
    • 13 different job titles!
    • Product growth and demos
    • A mini horror story!
    • Demo structure – making dinner as an analogy
    • The ineffectiveness of traditional demos
    • Restructure your demo in accord with your prospects’ interests – and desired deliverables
    • A comment about sausage (as another analogy)
    • Key elements of discovery – and perspective
    • Solutions to the “Just show me your product” demand – Vision Generation
    • Technical Proof Demos – done after discovery
    • A doctor example – malpractice!
    • 5 pieces of information needed for each prospect Job Title – An example with Miles…
      • Critical Business Issues vs problems/reasons/pain
      • Specific Capabilities – and to show is your demo
      • The Value of making the change – the gap
      • Critical Dates – when and the driving force
    • Ready to demo – and reduced risk of “Do Nothing”, a No Decision outcome
    • No Decisions consume 45% of B2B forecasted opportunities – and how to reduce this number
    • The 3 reasons for No Decision outcomes
    • The fallacy of “We need this yesterday…”
    • What do you do with your discovery info?
    • Traditional overview “Harbor Tour” demos
    • Starting your demo with a Situation Slide
    • Uncovering desired deliverables in discovery
    • Presenting your demo – starting from the desired deliverables
    • Fewest number of clicks!
    • Peeling Back the Layers – conversationally
    • Driving real interactivity vs “Any questions so far?”
    • Some comments about demo automation – terrific opportunities!
    • “Choose your own adventure” tools and examples
    • Advantages for both the vendor and the prospect
    • Complacency puts you at risk: Never Stop Learning!
    • Dunning Kruger and Mt. Stupid – “They don’t know what they don’t know…”

You can find the recording here. Enjoy!

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