Software Sales Tips by Matt Wolach

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Sales Tips

3 Reasons Why Your Software Demo Didn’t Close

3 Reasons Why Your Software Demo Didn’t Close

I’m coming to you from sunny Arizona to discuss something crucial for all you software sales professionals: why your demos aren’t closing deals. I often hear folks saying, “I did a great demo. The prospects seemed to like it, but they never signed up. Why?” Let’s dive into the three primary reasons your software demo didn’t close and how you can turn that around.

1. Lack of Effective Discovery

One of the most significant mistakes in sales demos is poor discovery. Many people think that closing a deal is all about what you say at the end of the demo. In reality, closing starts at the beginning. Discovery is the foundation of your demo, and if it’s not done right, you won’t ignite the necessary emotional response from your prospects.

What’s Going Wrong?

  • You’re not making prospects feel the pain of their current problems.
  • You’re focusing too much on your product instead of their issues.

How to Fix It:

  • Dive deep into your prospect’s pain points. Make them realize how critical these issues are.
  • Create a sense of urgency by highlighting the negative impacts of not solving these problems.
  • Make your prospects feel the emotional weight of their challenges.

2. Fear of Change

People are naturally resistant to change, even if it’s for the better. This resistance often stems from the fear of implementation, training, and onboarding. These processes can seem daunting, making your solution appear a “monster” they must fight through.

What’s Going Wrong?

  • Prospects see the transition to your product as too complicated or risky.
  • The perceived difficulties of integration overshadow the benefits.

How to Fix It:

  • Use the “Monster Analogy” to reshape their perception. Make the path to your product seem more manageable.
  • Demonstrate how simple and supportive your onboarding process is. Highlight customer success stories where others have seamlessly transitioned.
  • Minimize the perceived difficulties and emphasize the ease and support you provide.

3. Being Too Salesy

In many demos I review, the salesperson should be more focused on selling rather than helping. Prospects can sense when you’re more interested in closing a deal than genuinely solving their problems.

What’s Going Wrong?

  • You’re coming across as pushy or self-interested.
  • The focus is on your product, not on the prospect’s needs.

How to Fix It:

  • Shift from a sales mindset to a consultant mindset. Aim to advise and assist, not just sell.
  • Align your objectives with your prospect’s goals. Show that your primary goal is to help them succeed.
  • Use language that conveys support and partnership, not just sales pitches.

Conclusion

To close more deals from your demos, you must excel in discovery, alleviate the fear of change, and adopt a consultative approach. By addressing these three areas, you’ll create a more compelling and irresistible case for your product.

Remember, make the problem seem dire, the solution implementation seamless, and always position yourself as an ally in their journey to success. If you implement these strategies, you’ll see a significant increase in your demo-to-deal conversion rate.