Product Demos That Sell: 7 Elements of Insanely Persuasive Sales Demos

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- You can go and generate all the leads that you want, but if you can't deliver an amazing product demo, whether it's as part of a demo video in your product led motion or as a real product demo you're delivering on a sales call, you're not gonna close any deals. Here's the big question though. What makes for an unstoppable product demo? On this episode, having given over a thousand product demos across multiple winning products, having helped over 250 SaaS companies with their product demos, I'm gonna walk you through the seven principles, the seven key elements of what I call an unstoppable product demo. And when you follow these key elements and principles, you will be able to deliver an unstoppable product demo and accelerate your path to that next stage of growth intro. (upbeat music) What's our buddy? Welcome to Unstoppable, I'm TK and on this channel I hope SaaS founders like you grow your SaaS businesses faster with an unstoppable strategy. Now if you're new to this channel, welcome. I drop an episode every single Sunday with actionable strategies and tactics from the trenches on how to accelerate the growth of your SaaS business. So if you're new, be sure to hit that subscribe button and that bell icon, that way you'll get notified every single time I drop an episode with the TK Energy. And if you're already part of this community, if you're part of my SaaS go-to-market coaching programs, my people welcome back. It's really awesome to see you over here. No matter how great your go-to-market is, no matter how great your marketing is or your sales team is, if you cannot deliver a really great product demonstration, if you cannot demonstrate how great your product is in those conversations or on a demo video on your website, none of that pipeline, none of those leads, none of those people are gonna buy from you. That's the real truth. And for all the things that I talk about in this channel in terms of go-to-market and going after a target market product is just as important. I'll tell you this one thing, selling a really great product that you can demonstrate in a really great way is 10 times easier to do go-to-market for, to actually build out the target market for. All those things become a lot easier if you have a great product. Now there's a caveat here. If you don't yet know if you have a great product, the longer you wait to actually go to market, the riskier it gets in terms of that you might be building the wrong product, which is why I always say you wanna do all three of these things together, but man, when you actually nail the product, when you actually have a really great product demo, the entire thing feels magical. And to be honest, as passionate as I am about go-to market, about sales and marketing, the reason I do it, the reason I do go to market is so that I can build great product and get it into people's hands. Like that's truly what drives me. As an engineer, I used to build great products, but I didn't know why people wouldn't like it or wouldn't get into it. And that's why I had to learn sales and marketing as an engineer. And now that I know sales and marketing and go-to-market and product, at the end of the day, while marketing is great and sales is great, really nailing that product, really getting that product to where you're like, "Oh my God, this is real good." And then giving that demo or when like prospects look at it or they go watch the demo video and they're like, "Oh my god, I gotta have it." That's magical. That's what drives me. Like that's really what makes me come alive when it comes to SaaS businesses. And so having built multiple successful products, right now in addition to coaching, I'm also running two software companies that way I'm in the trenches. These are right now kind of secret software companies that folks that I coach are using to get unfair advantages and go to market. But I've had to recreate product demos for these products. I've had to get in there and really figure out what that product's gonna be. And so while I've done a product demo video in the past based on everything that I've learned over the last few years in coaching over 250 SaaS companies, in building my own products and given over a thousand product demos just myself, I'm gonna walk you through the seven key elements of a insanely great product demo. And when you follow these principles, you're gonna figure out exactly how to rejigger your products so you can really tell that story and convert more of the pipeline you're generating, convert more of the leads you're generating into real revenue. And also the bonus of this is when you actually think about your product demo in this way, you'll also be able to figure out how to improve your product, your product roadmap. And that's really important as well. So if you're excited to dig in, go ahead and smash that like button for the YouTube algorithm. And let's go into principle number one. By the way, the YouTube algorithm really likes it when you do that, so please smash that like button. So principle number one is one of the things I like to remind everyone that ever watches this channel that I coach and even myself when I'm building software companies. Great SaaS businesses have three core pillars. So it's kind of like this Venn diagram that comes together. The first great pillar is your market. This is your ideal customer profile. This is the target market you're going into that has an urgent and important problem that your product can solve. The second great pillar is your product. And the third pillar, which is important and you shouldn't put off till later, you should get into it as early as possible, is your go-to market, which is the specific motions that you go through to bring your product to the target market. It's really that those are the three things. When you focus on these three things at the center of this is the wealth, the money, the growth, the revenues, all the things that we use as metrics to figure out is this thing any good or not? So it's really easy to over-index on any one of these things. I coach a lot of founders that over-index on product. I coach a lot of founders that over-index on sales and marketing but have a shady product. I coach a lot of founders that are trying to bring these three pieces together, but they don't quite know what the key components are to focus on. That's where the magic is. That's what I think I talk about in terms of a go-to-market strategy, a market strategy, a product strategy. And it's important for you to know that when you are thinking about delivering a product demo, when you're demonstrating your product, it's not about the features, it's really about these core pillars you're demonstrating to your ideal customers. What the urgent important problem is, what happens if they don't use your software, if they use your software, what the transformation looks like and how you can communicate that in a really compelling way. These are the things we talk about in this channel and I work with founders on when I'm coaching them. And so principle number one for you is it can be very easy to get over-index on all the little features in your product, but really when you're giving a product demonstration, you're telling this story that's a combination of these three key things that comes from the underlying strategy of your company. And that's why you want to be optimizing for all three of these things because that's where the money is. That's when people are like, "Oh my God, I gotta get this product." So that's principle number one. In the next six principles, I'm gonna break down how to give a product demo and break down the six core elements that are the most important. But the first unlock for you is to think about, it's not just about the features in your product, it's about this overall jigsaw puzzle that you're solving for for a successful SaaS business. Now let's get into what the core components are. The first component, which is principle number two, is once you kind of understand, all right, here's the overall pillar in the business. It's very easy to start going all over the place in your product. Your product demo should absolutely start with what I call the action shot. The action shot is the core product loop that your software has. So you don't start with like, "Oh, I'm gonna log into the product. Or I'm gonna go set this up. Or Hey, here's a giant report." You wanna get right into the people that are going to be using the product day in, day out every single day a day in the life of that user, what the action shot looks like. It's kinda like, you know those clips that are really popular on TikTok and even YouTube Shorts where it just like jumps right into the middle of it, middle of the action and you quickly figure out what's going on and you're like, "Oh my god, I'm really engaged, I wanna know where this is going." That's how you great demos start. If you start off a great demo where you're like, "Oh, well thank you for being here, let me just log into the product. Here's like where we sit." People are gonna be bored. You're already going to lose them. And so you really wanna get right in the action shot of like, "Hey, your software is for salespeople, this is Gmail, they just had a sales call. Here's how our product helps follow up on that deal." It goes right into the action shot. And that's super important. The core part of your demo where you start off is focused on your core product loop, the thing that's gonna be used day in and day out. And you should figure out what your core product loop is because that determines a lot of the pieces around how you tell the story around your product and the transformation around your product and the problem that it solves. And so you wanna get just right into what is the action shot. That's principle number two. Once you've shown the action shot, the next thing you wanna highlight is what I call the no hands mode. The no hands mode is the piece of the software that goes to work for you, once the core loop completes. Meaning user goes in, they use the core part of the product, some sort of a loop that they use every single day, great SaaS products are built on that. Then you highlight, look, because the salespeople like this is the example for ToutApp, we used to give all the time. ToutApp was sales engagement software. So our action shot was like, "Hey, they just got off call, they just moved the deal over and they need to follow up." Here's the exact set of things that happened and we show them how they could do so much more with as few clicks as possible. Similarly, in Mountain Lead comes in, they need to do seven touches. Here's how you queue it up, or here's a target outbound lead. They add 'em to the sequence or the campaign, whatever you call it, and then it's gonna follow up for you. The action shot is where the user takes the action and uses the software day in and day out and they kind of visualize, "Oh, I can see how this is gonna 10x whatever our people are doing right now." The no hands mode is what the software does after that core product loop. Most SaaS software does a bunch of work behind the scenes. In the case of ToutApp, when you sent an email, it would update the CRM, it would figure out what the next steps are, it would sequence a number of activities, it would start tracking these things and showing what happens. All this work happens without using any hands, without the user having to do anything. It automated a bunch of things for you and that's what you want to go into next in the product demonstration, you're almost guiding them through this experience and day the life off saying, "Look, your users are gonna get in and just use this and this is how they're gonna do their jobs in the software." Once that happens, once that's done, a bunch of other things are gonna come into play where the software works on your user's behalf, on your team's behalf and on your behalf. And that's the power of the software. And this is an easy way to highlight all the automations that happen in your software, the AI that's there, the smarts that are there, the integrations that are there. You can say like, "Look, all this stuff happens behind the scenes for you and you never have to worry about it because of the software is so great." And that's element number three that you wanna highlight as you're going through this product demo. Once you've gotten into the mindset, look, I can't just talk about the features, I'm talking about this whole jigsaw puzzle I'm solving for and the transformation I'm bringing to this customer. And then you get into action shot and then you show them the no hands mode, then you get into element number four. Now, before I go to element number four, let me just pause here for a second. Are you starting to see the power in this? Are you starting to see the power where a product now was not just about a list of features that your product does or the features that you think you care about? It's really about tying it to what is the story we're telling in the market in our go-to-market motions? What's the urgent important problem in our market and what does our product do to solve that problem? And how do we get into action shot to show how it solves that problem? That's how you're leading them in. And then once you show that, you say, "Okay, once that's done, here's all the amazing things it does behind the scenes for your team and for your users." Are you already starting to see the power if you structure your product demos in this way? How for the buyer, they can start to get really excited about like, "Oh my God, this is gonna completely change how we do our business or how our team works or how I do my work?" And that's where the purchases happen, that's where the revenue comes. If you're starting to see the power of this, can I just get yes in the comments below, also smash out like button for the YouTube algorithm. It really loves it when you do that. Oh, if you're in the stage revamping your product, that was just one core component to driving growth for your SaaS business. There are other components that come into this. So I have have a five point SaaS growth strategy guide. It's completely free, I'll link to it below. You don't have to go anywhere right now. And it goes into other key components that you should look into to drive growth for your SaaS business, product demos being just one of those things. Okay, so now let's go into element number four. Okay, so element number four, once you've shown the action shot for the users, the no hands mode, what's happening behind the scenes, you really wanna go into the manager's view. The manager's view, covers what are the benefits? Remember, not necessarily features, but the benefits that the manager or the decision makers in the organization or the people that are kind of looking over the users of your product are gonna get when they buy your software. It's very easy to combine the two, but you want to think about who are the users who's gonna be using it every day? That's your action shot and your core product loop. And then who are the beneficiaries of those users using the software? That's usually the managers. Maybe the managers will use some of the features, but really they're in it usually to get the overall view of how their team is performing. That's the most SaaS software. So you wanna highlight what benefits the manager gets. Typically this is your analytics, this is visibility into what the team is doing. This is also different controls that exist in the software that they can kind of turn the knobs and dials on to make sure that their people are doing the right jobs. This is also insights where the software does a bunch of works behind the scenes based on all the data and the no hands mode and then bubbles up key insight to next steps for the manager or the users to consider. All of these things essentially bring together the true benefit of your SaaS platform. So you wanna start with the core product loop, then you wanna highlight all the work that it does behind the scenes, and then you wanna show the benefits of that because it's running the workflow, it's crunching the data, it's pulling in the data, it's doing the integrations, it's able to give them this higher level view on what's going on in the business. And that's element number four of the demo where you give like the manager mode, the god mode of the view like look, when you use this and your team uses this and all these things are happening behind the scenes, here's how it all comes together and that's super powerful. In ToutApp's case we were able to show visibility into their pipeline, we were able to show the effectiveness of their messaging, we were able to show the activity levels for their reps, all these things the manager was able to get view into so that they can actually make decisions on what to do next and get insights on what to double down on and who to talk to. And that was super powerful in the demo. Okay, so once you've highlighted the core product loop, you've got the no hands mode showing, you've got the manager's view, then you wanna up level just a little bit even more. You were at the manager level, then you want to go back and highlight the business ROI. Now sometimes people think like, "Well, is this really part of the demo or is this part of the discovery car or the sales process? The reality is, when you are giving a product demonstration, you have a very captive audience. People pay way more attention when you're giving a compelling demo than when you're just asking a bunch of discovery questions or you're just on a sales call. They really wanna like, "Okay, how does this thing work? How is this gonna change my business?" So you have a captive audience. So if you can use your software to reiterate the business ROI they're going to get by making the decision to buy your software, then you want to take that advantage. In this moment where you're showing the action shot, you're showing the no hands mode, you're showing like, "Look, when when all your people are on it and they're getting these things, we do all this work and then we give you this manager's view and the next steps are better. And when you do these things, here's the impact to the business and this is where you wanna highlight the ROI. Ultimately, people are really buying for one of three reasons. They either make more money, they save money or they reduce risk. And so if you can sneak in a way to show a certain benefit of the product, some aspect of the product where you can reiterate like, and by the way, when you do this, you're able to generate more pipeline or when you do this, you're able to generate more leads. Or when you do this, you're able to reduce the risk of being sued for GDPR. Or when you do this, put blank, you're the core benefit. And you can show that in the product and remind them what the business ROI is gonna be for them to say yes, "At end of this conversation or in the next meeting, then you're really getting to an unstoppable demo." The next element you want to do, and this is something where you can keep the demo up and running and I've started to incorporate more of this and I've realized that okay, this is super important to bubble up as part of the product demo. As you're showing around, maybe they'll have some questions, you can answer some of those questions and maybe be like, "Oh, can I see that part of the product?" Again, you wanna find and take an opportunity to actually highlight what happens if they don't buy. So you wanna highlight what are the business risks with the status quo. This is super powerful because right now you just showed 'em like your team members will log into a product and this is the loop they're gonna follow. Behind the scenes, we're gonna crunch all this data. In the front, you're gonna get these insights and these views and when you do this, you're gonna make more money, you're gonna generate more pipeline, whatever your value proposition is, and you can start to see these little things you're mentioning comes from the work you do on the go-to market side on the market side, they're all connected. You wanna highlight while you're in there and saying like, "By the way, if you don't put your users on this platform, if you don't actually get these insights, if this background action isn't happening, not only will you not make more money, but you're also gonna fall behind." You wanna highlight what the risk is if they don't go with the software. This is super powerful and almost like this is one of those things that really moves the needle in the sales process because while you're demonstrating the product and showing them all the things they could have, you're also highlighting all the things that are gonna happen or not happen if they don't do this, which is a real possibility, right? And so while you're in the product, while you're answering questions, while you're handling these things, maybe they're like, "I wanna see a little bit more of this." You wanna highlight by the way, like if you guys don't use a software like this, if you don't use a sales engagement tool or you don't use a platform like this, then your team members will not get access to this kind of data and this is a game changer for you guys and you wanna highlight the business risks if they stick to the status quo. And what you're doing essentially is kind of pegging the two extremes. All the amazing things that happen if they go for it and all the things that happen if they don't go for it. And you're starting to see the difference of a demo that just goes through, here's feature A and here's feature B versus a demo that's like, all right, your team is on the platform, here's what their day in the life looks like. Behind the scenes all this is happening, for you, the manager, you're gonna start to see this and when you do these things, here's what happens to the business. And if you don't do this, here's the status quo that you're gonna be stuck with. You start to see the difference in how you're gonna approach this. Then, can you start to see why, this is why I get so excited about product? Because when product is created in the right way and then you think about the market and the go-to market and you have that strategic narrative, you can tell a story like this. When you tell a story like this and you demonstrate it with the product, people are gonna lean in. You'll notice the difference right away. You'll notice the difference when you give the demo. 'Cause people are gonna lean into like, "Oh my God, I want that." And one of the things, one of the benchmarks I've always had with software, every software I've ever created, users of the software, customers of the software would say, "I love blank." They would say, "I love the Sona software." I've had countless people tell me even today like, "Man, I love ToutApp." When I was working at Marketo as VP strategy, we sold ToutApp to Marketo. I worked there for two years as part of the executive team. When I worked over there, you would see people were like, it was a religion. People loved Marketo. Love is a weird word to use for software, but it's a real word that users that use really great software use, this is the power in this. It's not just coming from the features, it's the story you're telling about your product, that strategic narrative that you design. And one of the things I've noticed over and over is when founders work with me on their strategic narrative, on their ICP, on the go-to-market pieces, that thinking elevates how they think about the transformation they're bringing in their customers lives. And while that helps go to market over and over, I've heard from founders like, "You know what? Our product roadmap got clarified by doing this go-to-market work." Because they were rethinking how to tell the story and the transformation, the movement they were creating, they were getting out of the feature mindset, they were thinking about the benefits and that allowed them to actually build better product. And that's how when you think about these things, that's how you get to products that people say like, "I love this. Like I legit love it." And that's when you know it's gonna be awesome. The last piece that you want to finish up on this is kinda like the bow on top. As you've shown, you've shown the action shot, you've shown the no hands mode, you've shown em the manager's view, you've shown 'em the business ROI. You've told 'em like, "Hey, if you don't do this, here's the status quo." The last piece you the little bow on top you wanna do. And this is not so much a product thing, but it like brings it together. You wanna highlight the transformation. Great software companies bring transformation into their customers lives. They're not just selling a feature. They're not just selling this widget. They're selling bringing transformations. Like here's a different way to do your job or do your work or run your team or run your company. And if you don't do it, then this is the status quo. You wanna highlight people about that. And you want to tell people like, "Hey, here are similar customers just like you that are using our software and the success they're seeing." Here, they've committed to this transformation, they've decided to let go of the status quo. The reason they've done that is because their team can actually use this core product loop. Behind the scenes, we're doing these things and you as the manager get this and the business ROI is this and you leave the status quo and then you transform and there comes the cherry on top and that's when the demo really comes together. And by the end of that, when you tell a story like that and when you demonstrate a product like that, customers are gonna lean in and say, "Oh my god, I gotta have this." That's what you want. That's how you really bring it home. You can do all the work on generating leads and pipeline, but if you don't nail it down to your product demonstration, it won't convert whether it's a demo video or a sales presentation. And when you implement these seven elements, it's gonna completely transform one, how you actually run your sales calls or your product led process. Two, how you think about your product. Three, how you run your product roadmap and also how you market and tell the story about your product. And that's the power of an unstoppable product demo. So to recap, in order to give our unstoppable product demo number one, don't get stuck in the features. First, think about what is the transformation you're bringing in terms of the market, the go-to market and the product that you have. What does that jigsaw puzzle look like? This is a lot of go-to-market strategy work, which we talk about in this channel a lot. Out of that then go right into the product demo into the action shot. Users using your product is gonna experience this in their day-to-day lives. Then show all the things that the software does behind the scenes. That's your no hands mode. Then because of one and two and the data you have and the insights you can create and the reports that you can show, show the manager view, the heads up view that what they get. Then highlight the business ROI and what the software does. Does it save money? Does it make them more money? Does it reduce risk? And then highlight what happens if they don't go with the software in terms of the status quo. And then go into, here's a transformation we're really delivering for you when you actually buy this product, do you wanna buy it? And that is an unstoppable product demo. So now you know what the key components are. What you may not know is how do I implement all these pieces? What are the other components I can think about in terms of driving growth for my staff's business? A product demo is just one small thing and a lot of pieces that go into this. So if you wanna dig more into this, if you're a founder and you have some revenues and you're really looking to accelerator path to that next stage of growth that encourage you to grab a copy of my "Five-Point SaaS Growth Strategy Guide," it's completely free. And when you download the guide, I'll go through the five critical pillars to actually driving growth for your SaaS business. Product analysts, just being one core piece of it. I kind of double clicked on this in this episode 'cause so many people ask for it and it's been top of mind for me as I've been creating some products. So if you wanna grab a copy of that guide, just go to getunstoppable.com/strategy, getunstoppable.com/strategy. It's completely free. And inside of the guide, I'll go through the five, four pillars of driving growth for your SaaS business product demos, just being one part of it. Also, if you got value from this video, please smash a like button for the YouTube algorithm that just really loves it when you do that and so do we. We put a lot of love into these videos. If you have a fellow founder, a team member, if you're part of a Slack group or a WhatsApp group of other SaaS founders and leaders that would get value from this video, please share this with them also, we wanna help as many SaaS founders as possible. I also drop an episode like this every single Sunday with actionable strategy and tactics from the trenches from having been SaaS founder, from being a SaaS founder, from coaching over 250 SaaS founders. As part of my SaaS program record coaching program, I bring you these strategies from the trenches. So be sure to hit the subscribe button and at bell icon, that way you'll get notified every single time I drop an episode. And lastly, remember, everyone means a strategy for their life and their business. When you are with us, yours, it's gonna be unstoppable. I'm TK and I'll see you in the next episode or inside of that "Five-Point SaaS Growth Strategy Guide." Link below, I'm just gonna get unstoppable.com/strategy. Take care everybody. (dramatic music)
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Channel: TK Kader
Views: 14,939
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Keywords: product demos that sell, saas product demo, product demos, how to demo your saas product that gets sales, give a great product demo, saas demo, saas product demos, saas product demos that sell, saas product demo video, product demo video, saas product explainer video, saas product video, how to give product demos that sell, product demo, saas sales demo, sales demo, saas demo best practices, saas demo tips, saas demo examples, tk kader, unstoppable tk
Id: AxNu7oeVG0M
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Length: 24min 25sec (1465 seconds)
Published: Sun Feb 05 2023
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