Do you Probe, or are you a Bag Diver?

Posted in Sales,Sales Demo by Chris Hamoen on the March 8th, 2011

Recently, a customer of ours used a term that I really liked. We were talking about the process of selling, and he said something along the lines of how salespeople need to avoid becoming “Bag Divers.” I’d like to talk about this concept a bit more.

When you make your first visit to a potential customer, do you make sure you’ve learned everything you can about their business before you arrive?

Is your presentation tailored to them, or is it the same one you give to every customer on a first visit? If you are doing a demonstration, is it a general exposition of your solution, or is it a focused presentation on how your solution can help your customer reach their goals?

Remember, in most solution-style sales situations, you are there to help the customer identify their specific pain, and show them exactly how your company and product can help them.

If you arrive, hand out literature (by “diving into the bag”), and show a standard presentation, you are following a basic process and relying on your company brand to make the sale. If this is the case, you were likely hired to be an opportunity hunter and strong closer. This can work for some companies, but eventually a competitor will offer a solution that helps the customer more, unseating you and your market share in the process.

Consider this: when a brand new potential customer calls (an untapped goldmine for any salesperson), what do you do?

In many industries, if a brand new name calls, it’s usually because the caller wants product information and a price. With the Internet, potential buyers can even arm themselves with this type of information, and are capable of being further along in their buying process than ever before. When taking such a call, the “Bag Diver” would be keen to give the caller a price, and set up a convenient time for a demo. The reality is, the Bag Diver may not be giving any more information to the caller than can already be gleaned from the company website, and with that kind of canned response, the Bag Diver is almost certainly losing the opportunity to make a positive impression on the caller.

So what should you do?

Learn about your potential customer’s specific pains, and suggest how your company and product can help. It’s this type of approach that will keep you, and your solution, ahead of the pack in the eyes of your customers.

Post to Twitter

Have You Ever Given a Good Sales Demo?

Posted in Sales,Sales Demo by Dan Wood on the August 24th, 2010

Giving a sales demo is hard work. Giving a really good sales demo is even harder, especially if you don’t know what makes a demo good. A great way to learn how to give good sales demos is to experience some from the buyer’s perspective.

I just sat through a demo that was given to me by a  sales rep from another company. We are looking for some 3rd party solutions and I have been reviewing different options extensively.

At the beginning of the call, the rep told me that he wanted the demo to be as much of an interactive demo as possible. But saying that doesn’t make it so.

The demo was an hour long. And it felt long, because it was clear that the salesperson was reading a script. He was simply following through a tour of all of his product’s features. When I had a question, I had to interrupt him. He would then give a quick answer and launch back into his script. Many of the features he showed me were not even features that I was interested in, and he would have known that if he had taken the time to ask. After all, I was not looking for a description of what their product can do, I needed to know if their product could solve the problems I was trying to solve.

One hour later, I still didn’t know if their product could help me. The salesperson had wasted an hour of his and my time, and I knew little more than I already knew from reading their website. He was no further along in his selling process because he hadn’t helped me further my buying process.

So, if you want to give good sales demos, just ask the customer what they want to see. Know your product inside and out so that you can answer their questions, but don’t just give them a tour. Understand the problems they are trying to solve and then show them how your product can solve those problems.

In OPM, we call these the Probing and Proving phases of the sales cycle. In your early interactions with a customer, most of your efforts should be in Probing them to understand what they are trying to accomplish. Only then can you Prove that your products can solve their problems. You can’t write a script for a good sales demo, because a good sales demo is a conversation with a real person who has a unique set of goals.

Post to Twitter

Siebel or salesforce.com–Which is the market leader for CRM? Neither!

Posted in Sales,Sales Demo,Technology by Keith Thompson on the October 21st, 2005

I was looking at a recent article by Denis Pombriant. I’ve known Denis as a perceptive analyst for a number of years, and fortunately he and I have mostly seen eye to eye about CRM fundamentals (although not always). Denis has the ability to look at all the stuff about the CRM space and to locate something lurking in there that most other people have missed.

The latest example of this that struck me was his observation regarding the spreadsheet. Denis wrote:

I have always believed that, to figure out what new applications would be appearing in the near future, all you have to do is understand what people are tracking on spreadsheets.

I see this observation come to life in my other world, as the head of a company specializing in delivering CRM solutions If I had to pick just one technology that was supporting the endeavors of most companies implementing their CRM, it would be Microsoft Excel. This is because the spreadsheet is the best list making tool in the world.

Recently (2002) I was an interim CEO for the Canadian division of a global bioscience company where their future sales projections depended on the spreadsheet. The giant spreadsheet would arrive from head office, and you typed into the part you for which you were responsible. You e-mailed it back, and it got rolled up with scores of other region’s results. Then you got it back again to see how you were performing. At that time there was no company-wide CRM tool—each region did its own thing. But head office wanted to know what was going on, so they used Excel to figure it out. A dozen business analysts were needed at head office just to keep the spreadsheet routine working.

Don’t get me wrong, of course, spreadsheets are powerful analytical and reporting tools, but, to use spreadsheets throughout an organization without any kind of connecting glue underpinning it is a recipe for waste of effort and inefficiencies. They don’t link very well, they don’t share common data very well—they are cumbersome and need lots of tender loving care to make them work. You manually dig the information out from somewhere else and type it into the spreadsheet.

The CRM system has to be the central repository that contains all the information (accurate and up to date) ready for the spreadsheet to use. Press a button and the CRM information automatically flows into the spreadsheet, which then automatically digests the data and spits it out into predefined formats. No one types data into the spreadsheet.

It is the reliance on the spreadsheet that slows a company down in evolving to a proper CRM solution. The attitude is, if it ain’t broke don’t fix it, and the pressure of continuing business prevents people from sitting back, taking a breath, and recognizing just how wasteful and time consuming the spreadsheet process really is. From my experience the best thing to do is to implement a solid CRM product in parallel, and to slowly wean the business off the spreadsheet, and relegate it to a pure reporting and analysis tool.

Post to Twitter