Hey War Room, specifically AEs that are new to the AE role or AEs that are struggling to close demos and hit quota, need your advice.
DISCLAIMER: This is not a way for me to smoothly plug in/promote my product.
I launched a sales demo course for AEs a few weeks ago teaching AEs how to close 50+% of their sales demos MoM (I promise this is NOT a shameless plug). I made a few early assumptions + some market research and went through round #2 of market research.
My initial market research:
1. Target audience/user: AEs struggling to increase their demo win rate and hit quota.
2. Based on market research: They'd be willing to pay up $300 to get access to the sales course. They also said they'd pay a yearly recurring.
So I made the course $297/year as a yearly subscription which includes on-demand video content, downloadable scripts, access to a private inner circle ,updated content for life (you get the idea).
I made about 15 or so sales, but have a feeling things need to be iterated. The majority of the sales came from people that I spoke to already during my market research phase. So I'm starting to dig deeper and figure out why it's stalling.
Some new assumptions are:
- It's hard to get AEs to log into the course and take it at their own pace.
- It's a yearly subscription and that doesn't work.
- A digital course (even with downloadables, updated content etc) isn't valuable.
- Lack of perceived value - only $297
- Need more testimonials and reviews to show that it works
- Instead of the ICP being AE, it would be more valuable for AEs that recently graduated from an SDR position ( < 2 years ago) and/or AEs that are simply struggling to hit their demo win rates and quota
- AEs won't pay for this (even if they see the value), they'd only do it if their company paid for it
So my questions to you are:
- Do you feel that my new assumptions about the refined ICP are more aligned?
- What would prevent you (or similar AEs of the refined ICP) from purchasing a digital course that helps you close at least half of your sales demos?
- Do you find it more valuable/would you rather pay to have a sales demo coaching program that also includes on-demand content, etc instead of a digital course?
- What do you feel is the #1 challenge/area of improvement when it comes to 1:1 training with your sales manager around improving your sales demos? (e.g. not enough training, lack of clear and concise action items to improve, etc)
- Is $297/year to a very affordable cost or too expensive?
- Would you not pay for this, but would use it if your boss subsidized it?
- What would you pay for a sales demo coaching program that also included access to recorded content?
I know I'm asking a lot of questions and this will require some thoughtful responses so #1 if you are taking the time to read/respond, THANK YOU!!!
I really mean it when I say that your feedback is 100X more important and valuable than a new customer for me.
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