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Archive for July, 2009

5 Strategies for Success in “Demo Marathons”

In one of my earlier posts I talked about one reason why you should consider presenting first in a sales cycle: so that the audience will pay attention to you during a long day of demonstrations. This is just one of the strategies that you can apply in a “Demo Marathon”.

If you have never been on the buying side of a corporate purchase, you probably don’t have a sense of just how tiring an evaluation can be. It takes you away from your normal activities, and that may be exciting for a bit, but writing RFP questions, grading the responses, talking to vendors and attending endless meetings can quickly become a drag. It’s no wonder that many prospects choose to cram all the vendor presentations into one day: it allows for easier scheduling and gets everything over at once. But demo marathons can be a disaster for vendors because the audience is often burned out after the first or second demonstration.

That is the argument for going first: you want to avoid presenting when your audience is getting tired. But if you can’t present first (often you are not in control of the order) there are a few other things you can do to be successful during a demo marathon

  1. Wow them in the first 2 minutes.
  2. This is a good rule for any presentation, but it applies particularly well when you are trying to deal with an overloaded audience. Studies have shown that people pay the most attention at the start and end of a presentation, so you want to make a powerful first impression. The critical factor here is to deliver your most important message first thing and make it memorable. Don’t waste time introducing your company, your team, etc… Instead, just tell them the one (or two, or three, if you can make it short) things that will matter most about your product. You can even say “If you forget everything else you see today, I want to be sure you remember these three things about our product…”

  3. Make coffee or caffeine containing soft drinks available
  4. I have mentioned this before, but if you want your audience to be more receptive, you should make it available before your demo. Studies have shown that caffeine puts people in a more receptive mood. It has been suggested that this factor is more important than any other in a presentation. So bring that Starbucks coffee-in-a-box with you!

  5. Nail your follow-ups
  6. Almost every presentation I have given ends up with follow-up questions that could not be answered on the day of the presentation. Often these can drag on for a while and prospects or vendors will forget about them. If a prospect has just been through a demo marathon they will probably be getting the vendors mixed up in their heads after the demo. If you can follow up on any questions quickly, you will have an opportunity to stay top of mind. Instead of researching the answers to every question, get as many answers together as you can in 24 hours or less and send them to the prospect. Make sure to include the reasons why they should purchase your product along with your follow-up answers.

  7. Change presenters several times
  8. The rule about the start and end of the presentations commanding the most attention applies for each presenter. So that means if you change presenters often you have additional chances to deliver your message. Even if it is just the Salesperson standing up for 5 minutes to discuss company financials, breaking up the presenters can have a positive effect. Of course this needs to be choreographed well to avoid confusion, but it can increase the impact when you have an important message to deliver.

  9. Give them a rating sheet
  10. Although prospects often have some sort of rating sheets (I will have a post about that soon), you might consider giving them one for your product if they don’t. This is particularly effective if there is a large scripted demonstration. If you give them a grading sheet that follows their script and has a check box or rating box after each item you will encourage them to follow along with your demonstration. And if you are the only vendor that gave them a rating sheet it will make a very personal leave-behind that will be brought up in further discussions. Either way it will help keep their attention during a long demo day.

Those are just a few examples of ways to keep attention focused on your products during a demo marathon. I welcome other suggestions for readers in the comments.

Dave Sohigian - TechDemoGuy Demo Prep, Demo Skills, Demo Tips, Selling

Winning in a Crowded Field

In one of my earlier posts I talked about one reason why you should consider presenting last in a sales cycle: so that you can stand out in a crowded field. This is just one of the strategies that you can apply when you have lots of competition.

The biggest problem with having lots of competitors is not the competitors’ products, it’s the attention of the prospect. Most sales teams have never had the experience of sitting through multiple demonstrations, sifting through piles of RFP responses and having to put your familiar work environment aside for an extended period. But that is exactly what an evaluation team at a prospect goes through in a sales cycle, particularly one where there are lots of vendors on their preferred list.

What do I mean by a crowded field? If you have more than 3-4 competitors on a deal, the field is crowded. When I have been in deals with crowded fields, I have been amazed at just how confused prospects can get about the vendors. I remember one deal where a prospect regularly emailed me questions that were clearly intended for another vendor.

There are several strategies that can help you stand out in a crowded field:

  1. Have a personality
  2. Often prospects can’t keep all the salespeople from the various vendors straight. Showing a genuine personality during the sales cycle can help the prospect remember you and your product. This is especially true for Sales Engineers who are often expected to give “just the facts”.

  3. Build trust with specific individuals at the prospect
  4. It is inevitable that the prospect will get vendors confused in a crowded field, but if you have gone out of your way to build a relationship with a few individuals at the prospect, they can help you stand out in the evalutation. It does not matter whether the individuals are decision-makers or not, but it is helpful if they seem to be vocal. Your goal is to build an advocate or two that will speak up for your viewpoint in discussions.

  5. Focus on your product, not the competition
  6. In some deals it makes sense to set traps and focus on the competition, but this is not the case in a crowded field. The propsect is already confused enough about which vendor said what; you shouldn’t add to that confusion by talking about the competition even in a theoretical way. Focus on your product and how it will directly benefit the prospect.

  7. Stick with the main message
  8. Sales is all about flexibility and most successful sales cycles will diverge from the standard marketing message (or “brand”) of the product to win the deal. But if there are lots of competitors you should consider staying with your standard corporate message so that all your marketing materials and sales presentations are consistent. Keeping your message clear in the prospect’s mind is more important than tailoring it for that specific prospect when there are lots of competitors. You should absolutely focus on solving the prospect’s problems, but try to do so without moving too far away from your standard marketing message.

  9. Stand out early
  10. If there are many vendors early in a deal, it is tempting to just wait things out and see if you make the short list before investing in a deal. If you really believe you are column fodder then this strategy makes sense, but if you are confident you have a good shot you should come on strong and early. As a Sales Engineer you can do this by having a personality (see #1) and being willing to take risks early in the deal.

  11. Put yourself in the prospect’s shoes
  12. More than anything else you should think about what it is like to be the prospect when there are lots of vendors. Often individuals don’t have much choice about how many vendors they evaluate: the number might be set by upper management, company guidelines or one member of the evaluation team. Having empathy for the challenge being faced by the prospect can go a long way toward building a relationship that will help you as the field narrows.

Dave Sohigian - TechDemoGuy Selling , ,

How to Set Traps in a Presentation

In one of my earlier posts I talked about one reason why you should consider presenting first in a sales cycle: so that you can set traps for your competition. Setting traps is a delicate topic for most Sales Engineers: you can lose credibility quickly by slinging mud at the competition. But setting traps well can make all the difference in a competitive sales cycle.

The key to effectively setting traps is truly understanding the needs of your prospect combined with knowing the weaknesses of your competition. While it may be true that your competition has difficult to configure software your prospect may not care about this characteristic and setting a trap won’t be worth the effort.

The steps to setting an effective trap in a presentation are:

  1. Understand the specific needs of your prospect and areas where your product can clearly meet those needs
  2. Compare these strengths with the known weaknesses of your competition (using whatever competitive intelligence you might have)
  3. Bring these differences to light in a presentation (or demo) AFTER you have firmly established credibility
  4. Make a clear statement of comparison to your competition, such as, “Ask the other vendors whether they have this capability”
  5. Discuss the traps “during the break” with the prospect to ensure you hit the mark

Establishing credibility first is critical to success in setting traps. For a trap to be effective the prospect must challenge your competition directly in their presentation. If you don’t have credibility, and the trust that goes with it, the prospect won’t take action on your suggestions. It is because of this credibility that Sales Engineers are in a unique position to set traps during a presentation or demonstration.

Traps don’t have to be about product features or functions: they can be about anything you feel is weak in your competition AND matters to your prospect. You can set traps about company stability, overall product quality, ability to deliver or even demonstration style. When I was working at PeopleSoft one of our competitors, Lawson Software, set an extremely effective trap against us multiple times. They set the perception in the prospect’s mind that PeopleSoft was just a “tool” for creating applications and that Lawson, by comparison, was a fully-bake solution. Specifically they suggested that audience members should write down how many times the word “toolset” or “tool” was used during a PeopleSoft demonstration as a measure of the truth of that statement. Unfortunately we used those terms all the time to describe the flexibility of our product. It was only when we saw an audience member putting tic marks on their notes (and asked what they were doing) that we discovered the trap that had been set.

Dave Sohigian - TechDemoGuy Demo Skills, Selling , , , ,