Your SaaS product is new! Thrilling! It’ll save future clients money and time!
So why doesn’t anybody need a software program demo?
“It’s like attempting to schedule a gathering for purchasing a timeshare!” says Director of Gross sales Michael Veschio. “Certain, you get free lunch—but it surely’s an hour of your time, and also you’re going to be bought to the entire time. Not definitely worth the free lunch, for most individuals.”
Numerous corporations battle to get prospects to point out as much as gross sales demos. The explanation, Veschio says, is that so many salespeople, significantly these early of their profession, fall into the identical entice: the characteristic dump.
It’s time to ditch the product demo.
Efficient salespeople concentrate on resolution gross sales as a substitute, which features a considerate demo course of that addresses points particular to the shopper.
A gross sales demo that’s centered on a number of particular options could require extra discovery time on the entrance finish; that is very true in case you promote software program with a variety of options and use circumstances. However prospects are more likely to remain engaged, preserve transferring via the funnel, and see the worth in your product.
The fashionable software program demo is value-based and centered on use circumstances that deal with the prospect’s distinctive and particular issues.
To maintain your software program demo centered on what issues, you’ll need to do your homework and ask the correct questions.
Software program Gross sales Demo Ideas & Greatest Practices
- Do Your Homework
- Discover Out How A lot They Already Know
- Ask: “How Does Your Firm Make Cash?”
- Don’t Speak About Product Options
- Reply “How A lot Does it Price?” Properly
- Contain The entire Applicable Stakeholders
- E-book the Subsequent Appointment
- After the Demo: Make the Case to Shut the Deal
1. Do Your Homework Earlier than the Gross sales Demo.
In case you’ve gotten to the software program demo stage together with your prospect, they need to already be effectively certified as a very good match to your resolution. So it’s price it to spend a bit of time on analysis previous to your dialog.
First, the straightforward stuff. Have a look via their firm web site and establish the next:
- What are they promoting?
- Who’re the related leaders at their firm?
- Who’re your opponents within the goal buyer’s business?
“The corporate web site offers me a way of their stage of sophistication,” says Veschio. “With a youthful firm, I usually discuss constructing pipeline. If the corporate is older and extra refined, I discuss how we can assist up-sells and cross-sells, or growth and new verticals.”
With a bit of further digging—or a gross sales intelligence instrument—search for who their firm targets. This will embrace:
- Industries – e.g. state governments
- Firm sizes – e.g. enterprise
- Departments – e.g. operations
- Geography – e.g. Gulf Coast states
- Particular roles – e.g. educational designer
- What’s their tech stack? – In case you promote applied sciences, search for tech that compliments or competes with yours
- What (resolution just like yours) are they utilizing proper now?
- Who’re the related decision-makers at their firm? Even in case you don’t know their direct report or division head, search for the C-level contact.
The subsequent step is the gross sales demo—beginning with a discovery name.
Though you have already got some details about the corporate, and hopefully your prospect, the preliminary discovery course of ought to uncover your prospect’s motivation for getting on the telephone with you within the first place.
So choose up the telephone or flip in your video chat, and prepare to promote.
2. Discover Out How A lot They Already Know About You.
Zoominfo’s account govt Carolyn Murray begins the software program demo by asking the prospect how a lot they already find out about her firm and their product.
The prospect’s familiarity will inform her technique for the rest of the decision.
“How acquainted are you with our product? What have you ever heard? Have you ever used us earlier than in different jobs?”
“Begin as open-ended as potential,” Murray says. “This makes folks phrase vomit! There are two advantages right here: Along with gauging their familiarity and establishing a relationship—they’re form of promoting YOU: They’ll in all probability discuss what they’ve heard about you—which is optimistic or they wouldn’t be there.”
For prospects who haven’t heard about you earlier than, ask what piqued their curiosity.
Prospects who’re already acquainted with your organization or resolution are extra forthcoming with their challenges, permitting you to be much more direct. They have already got a motive for taking the demo name, in contrast to prospects who require extra convincing.
“That is extra frequent with inbound leads,” Murray provides. “They reached out to you for a motive. Clearly there are issues we are able to do to assist. I’d quite simply ask about their objectives and ache factors outright.”
3. Ask: “How Does Your Firm Make Cash?”
“Don’t ask this query too quickly!” says Murray. “It could actually come throughout as intrusive. However when you get to a degree the place you’ve established some rapport and belief, ask. You must perceive their enterprise mannequin so as to see how your resolution matches in.”
Whilst you could not ask a query as broad as, “How do you earn cash?”, there are a number of questions you may ask to develop a greater understanding of their enterprise and the way it operates:
- “How lengthy is your gross sales cycle?”
- “How huge is your common deal dimension?”
- “What verticals do you promote into? Does your organization have plans to broaden?”
Veschio likes to take his time right here. “Individuals aren’t affected person, and I respect that. However to talk to the actual points which are vital to them, you need to ask.”
4. Speak About Fixing Issues, not Software program Options.
Bear in mind the cardinal rule of recent software program demos: Don’t discuss your product’s options!
Your product may need essentially the most dazzling options ever created—however that’s not why your prospect is there. They solely care about fixing an issue or ache level.
So select a number of use circumstances that deal with issues they self-identified, and discuss how your product solves them.
“Decide three product-oriented objects that can deal with their ache factors,” Murray says. “Don’t present them each little factor. And proceed to ask questions.”
Right here’s an instance:
“To resolve [problem], we’ve seen plenty of clients use [product feature] this fashion. What do you suppose – is that how you’d use it too? Or is your workflow totally different?”
“Sure,” the prospect may say, “however we’d really do X, Y, and Z as a substitute. After which, we’d …”
On this state of affairs, prospects generally find yourself promoting themselves by yourself product!
5. Reply “How A lot Does it Price?” Properly.
Value. That is seemingly why your prospect is keen to get on the telephone with you in any respect.
However whereas they need to know the way a lot it’s going to price, you need to preserve it value-based.
Wait – why discuss worth as a substitute of value? Two causes.
First, value is only a quantity, and it’s meaningless with out context.
To a gross sales rep with a wage of $40,000 per yr, for instance, $60,000 for a advertising and marketing automation system may sound like some huge cash! …However how a lot does the corporate pay for electrical energy? How a lot do they pay for his or her e mail server? How a lot do they pay for leads?
With this context, it needs to be clear that the price of your product—and it’s worth—is on par with different enterprise purchases.
Value doesn’t inform the entire story.
Tips on how to Speak About Price in a Gross sales Demo
Murray likes the concept of “anchoring“: setting expectations with a quantity, and dealing from there. She suggests anchoring the worth to a big quantity—say, their common gross sales value (ASP)—then happening, so each quantity mentioned from that time on is smaller.
Anchoring creates a way of aid for the prospect, whose expectations had been set with a big quantity that they watched shrink because the dialog progressed!
Right here’s an instance script, the place the ASP is $100,000:
“In case you made two offers, price $200,000—you simply doubled your funding! That may be a very good return in your funding, proper? Effectively excellent news: our software program isn’t that costly.”
Get their consideration with a big quantity, Murray says, then reduce. Right here’s one other instance:
“Our bigger clients spend $500,000-$1 million on these sorts of cloud options.” (Yikes!)
“… The great factor is, you’re nothing like them.” (Whew!)
Veschio has a script for anxious prospects whose solely objective is to be taught the worth:
“I do know you simply got here right here for value. I do know you in all probability report back to somebody who wants that data, however bear with me and let’s take the time to do that proper. On the finish of the yr, if you do the maths, correctly evaluating, and in the end buying [this product] to your group is one thing you’ll want to be remembered for. So bear with me…”
6. Contain The entire Applicable Stakeholders.
“I used to be demo-ing with an intern the opposite day!” says account govt Julia Corridor.
This isn’t uncommon, in fact. New product demos are an amazing undertaking for interns, and it’s essential impress the topic of the demo—whoever they’re. However the first individual in your product demo is just not normally the final individual it’s essential persuade.
Even when they’re not an intern, the one that attends the preliminary demo isn’t normally somebody with the authority to make the acquisition. You’re going to want to contain different folks.
Ask:
- “Will this product have an effect on different folks? Are there different stakeholders who want to be concerned?”
- “Who can be approving this buy?”
- “Might our product be utilized by different departments? Who can I speak to over there?”
That is particularly vital for software program gross sales, the place shopping for selections usually contain a committee—and that purchasing committee is getting larger on a regular basis. A single-threaded relationship that neglects the opposite stakeholders can finish in a heartbeat, leaving you lifeless within the water.
Creating multi-threaded relationships with all stakeholders is simply good enterprise follow.
7. E-book the Subsequent Appointment.
“Don’t hold up the telephone with out reserving the subsequent appointment,” Corridor says, “it doesn’t matter what!”
Now that you simply’ve recognized the opposite key stakeholders, loop them in with a follow-up e mail or appointment. No matter you do, don’t get off the telephone with out figuring out precisely what the subsequent step is, and placing it on the prospect’s calendar (and on their boss’s calendar as effectively).
“Say it once more!” says Corridor. “By no means hold up the telephone with out getting that subsequent assembly booked!”
And one final query, for future reference: “What was your favourite factor that you simply noticed at the moment?”
8. After the Software program Demo: Make the Case to Shut the Deal.
“Make it straightforward for them to showcase worth to precise decision-maker,” Corridor says. “Assist the prospect discover the easiest way of getting your product procured by their firm.”
- Video clips of what was within the demo, together with benefits and key options.
- Something that was significantly attention-grabbing to them, together with screenshots of subjects that they appreciated
- Summarize the potential return on funding.
Professional Tip: In case you promote software program or know-how, integrations could make or break the deal. Even in case you didn’t get to it in your demo, point out appropriate tech integrations in your follow-up e mail.
Remaining Ideas on Software program Gross sales Demos
An increasing number of of the fashionable purchaser’s journey is finished alone, earlier than a prospect even will get in contact with your enterprise. Most fashionable consumers would quite do their very own analysis than get on the telephone with a pushy salesperson.
As emid=”https://knowledge.wordlift.io/wl95583/entity/prospects”>prospects are moref-0ee1726c081a” class=”textannotation”> knowledgeable and unbiased than ever earlier than, the value-based gross sales demo is a important touchpoint within the
