Does your sales team have the skills to close sales? Product demos can be the difference between a sale and a lost opportunity — read this to see how!
If you’re selling, you already know that your product demos and sales demos are critical to closing deals. Demos are a fantastic way to show a prospect exactly how your product will meet their specific needs and displays how the product or service can put an end to pain points and support their business operations.
Demos work well if your team is truly skilled at using them — but for many sales teams, this isn’t the case. Your sales team has likely already put valuable time and resources into building relationships, vetting potential customers, and engaging with them, so make sure you’re getting the most from your demo.
What you should get out of your product demo
The idea of creating a great demo may be intimidating, but this can be a fantastic opportunity to demonstrate how your product specifically addresses customer needs and potential concerns.?
First, let’s cover the objectives of a product demo:
Tips for pulling off a great product demo
Successful product demos don’t happen by accident. A successful salesperson will have a unique combination of product knowledge, sales ability, and relationship building — and can do it all quickly.
Here are some tips for a great demo:
Rate your team: 12 levels of demonstration skills?
A lot is riding on the success of demos. Rate your team on these 12 skill levels.
1: Follows the “standard” script
Most new hires go through basic training on the company’s products and systems. This should merely be a starting point, but many salespeople stick to this script for years.
2: Customizes the message based on the prospect
The next step is using market- or industry-specific data. This can be as simple as a pre-built demo for each industry.
3: Customizes the pitch, based on discovery information
This involves discovery and guides what to include in the demo and what to leave out.
4: Communicates business value
Communicating value is a key step in successful demos because it shows the prospect exactly what they stand to gain.
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5: Manages and explores prospect questions
Knowing what to answer when is an indicator of successful question management. Knowing why questions are being asked can be trickier.?
6: Communicates enhancement and new feature requests
Salespeople may learn in pitches that a client needs a new feature. This should be communicated to product developers with the understanding that such requests must align with product roadmaps and not become a distraction.
7: Uses biased questions to outflank the competition and reengineer vision
A biased question leads the prospect to conclude that your product is their best choice. Biased questions can support vision reengineering.
8: Uses storytelling to reinforce key ideas
Storytelling is a key sales skill that creates stickiness — prospects remember key messages and even relate them to their organization.
9: Differentiates vision generation from technical proof scenarios
These sellers use customer success stories and product data to satisfy their prospects, then move into discovery.
10: Reuses demo success scenarios
Mature sellers recognize the importance of altruism and mutual enablement, sharing what works with their peers and motivating entire teams.?
11: Applies these skills to a broad range of demo scenarios
There isn’t just one demo — each demo depends on the customer and their specific needs.
12: Translates skills into a cohesive demo methodology
Pros know what assets and skills can be reused, combined, and repurposed to leverage efficiencies.
How does your sales team score??
Most veteran sellers label themselves as “advanced” or “expert” when it comes to demos, but most are likely actually operating at levels 2 or 3. Is your team honest with its skills? Perhaps it’s time to up-level your skill sets and see how far your demo skills can go.
Great Demo! provides a range of unique workshops, seminars, webinars and coaching to help software organizations achieve their sales and marketing objectives. Get started today!
Book a consultation with me to discuss how we can help level up your team's software demonstrations. https://tidycal.com/ppearce