A Resource Center for Executives Who Want Excellence in all Their Endeavors

August 2007 Newsletter
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Seven Tips to “Killer” Sales/Demo Presentations

Are your sales calls compelling and generating “buy” decisions without a sweat? Or are they unfocused, inefficient, meandering sales calls, where you’re not even sure you’re getting the sale till the very end? Excellence is achieved when your presentation is client-focused rather than vendor-focused. So you won’t have to sweat the process in the future, here are 7 Secrets to Effective Sales/Demo Presentations.

• Do your homework: Know why prospects should buy from you. Before the sales call, identify what information you need about the buyer’s current situation to determine the need for your product/service. How is the current solution inadequate? What pain does the prospect experience which a better solution could alleviate? What benefits would the prospect like to get from a new solution? Which gains would motivate the user to take the risk and start using your product?

Ideally, you know all this before the sales call, so you can use the initial client-focused Needs Assessment stage to validate assumptions. Remember, people buy for both rational reasons (it’s a better product) and emotional reasons (I feel this vendor is really going to support me as our needs change). While validating the assumptions, you need to help the prospect feel the current product’s pains and appreciate the gains that an alternative product (yours) offers.

Since it’s rare to have all this information available before the initial sales call, your real homework is to be prepared to collect it quickly at your initial meeting. This means you need to analyze your other customers’ experiences and develop an educated guess as to which pain and gain points are most applicable to the prospect. Write out a list of the issues you want to explore in advance of the meeting, so you know which ones to ask. There’s nothing wrong with having the Needs Assessment Form in front of you to guide you; in fact, in fact it sends a message of professionalism and thoroughness to the prospect!

The order of the questions is important – because they form the basis for building a persuasive presentation. As you comment on the prospects’ answers, noting how your product avoids pain points and offers the desired gains, you’re building your case. The goal is to make the case cumulative and overwhelming – that you have a solution which will eliminate many nasty pains and/or offer sought after gains.

• Organize your Competitive Advantages, so you can present them in an order which brings the client to the natural conclusion: if the vendor’s products can really do all these things, then we really should be using the product! This means you need to know your entire product’s Competitive Advantages, group them by those that go together, and present them succinctly and powerfully. Remember, a truly client-focused presentation means only presenting those which matter to the prospect. WINning means knowing What’s Important Now.

• Build trust and confidence as you tell your company’s story. Nothing speaks like success, and relating relevant case studies make your points most effectively. The key is to demonstrate not just what your company did, but how it did it, because what the prospect is buying is your ability to analyze problems and solve them in the future. So while having a great client list and testimonials is very useful, demonstrating how you went out of your way at 10PM to save the client thousands of dollars is what builds confidence that you’re the ideal vendor.

• Counterpunch your competition, without ever bad-mouthing them, so the prospect appreciates your Competitive Advantages. For instance, if responsiveness is an important feature and your company is the only 24/7 operation in the industry, you can counterpunch the competition. “Many companies say they’re available 24/7 to take your calls; that means they are taking your call and passing on your request for help to the morning shift. Our firm is open 24/7, which means our technicians are there to solve your problem, even at 3 AM.”

• The Demo is really a Proof-of-Concept. You should start the demo after you have a “conditional sale”, meaning if you can demonstrate that your solution actually does all the things you said, the prospect will buy. It’s your chance to reinforce the most important buying points you’ve already made! (Unfortunately, many sales people think that they are supposed to make their entire presentation during the demo; this makes the sales demo take too long, especially as there are natural interruptions and waters down presentation’s impact.)

• Don’t let your sales kit distract from your sales pitch. Have your sales kit available, but give it to the prospect when looking at it won’t distract him/her from listening to you (e.g., at the end of the sales call). Often a good strategy is to let the prospect see it and know you will give it at the end of the sales call.

• Ask for the sale. Know what next step you want to take. If you’re selling a product, which will require another meeting with people, be prepared to tentatively schedule the follow-up meeting immediately. If the next step is to do a test, set up a time to begin the test and an estimated time schedule for completing it. If the next step is to have the person sign on the dotted line, don’t forget to bring the contract and a pen!

We hope these points will help you close more sales with greater ease. If you’d like feedback and training with your sales/demo presentations, please contact JerryCahn@presentationexcellence.com or 646-827-0009.



WORKSHOP
Hosted by Jerry Cahn, PHD, J.D

September 20, 2007 - Executive Presentation Training Workshop

Are your presentations really working for you - impacting your audience and advancing your career? If not, this workshop is for you.

Present like a Pro focuses on the "4 Ss":
Select the right Substance and eliminate distractive details.
Use a Structure which organizes the material to lead the audience to the desired conclusion.
Implement a Style of powerful words and graphics which engages audiences and not bore them!
Harness critical Speaking skills to overcome fears, exude confidence and demonstrate your competence.

During this program we'll practice by delivering your own presentation, and getting feedback from video & group. To promote your company, service or product - and your career, don't miss this workshop. For info, click here.

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Your 2007 presentation to experienced institutional real estate sales professionals at the National Association of Real Estate Investment Managers (NAREIM) conference was great. We all learned something new from you, and your interactive, motivating style was much appreciated so early in the morning! I know a number of the participants have since contacted you about your professional services and I hope you will be able to assist them in their future sales presentations. I wish you continued success in your efforts. - KM, TIAA-CREF.
 
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NEWS

FIRST PLUS Financial Group (FPFX.PK), engaged Target 3 Communications to provide a program of integrated investor and public relations. For more information, visit First Plus Financial Group.

Third Eye Inc., which produces portable surveillance systems for companies concerned with the safety and security of their employees, will be exhibiting in September. For details, visit: Third Eye Inc.

StevensGouldPincus, Merger & Management Consultants to the Communications industry, announced its latest benchmarking / best practices survey and had an op-ed piece published on Investor Relations. Rick Gould will be speaking on "Setting & Achieving Key Financial Rations to Increasing Agency Profitablity" at the Sept. 27-28, 2007 PR Agency Management Summit. For more info, see: StevensGouldPincus.

 
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