Practical Founders Podcast cover image

Practical Founders Podcast

#93: SaaS Sales Coach Shares How to Improve Your Demo Close Rate – Matt Wolach

May 17, 2024
In this discussion, Matt Wolach, a seasoned SaaS sales coach with a rich background in sales leadership, reveals game-changing insights for B2B SaaS founders. He emphasizes the importance of understanding one's sales process before hiring. Matt also highlights the need for emotional engagement with buyers, illustrating how effective demos focus less on the product and more on addressing customer problems. Learn about the significance of follow-up communication and the structured Three C's Model to boost demo success rates while navigating the unique challenges in startup sales.
47:22

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Founders must understand their sales processes and engage directly with customers to effectively convey solutions to their pain points.
  • The DEAL approach emphasizes emotional engagement by addressing buyer problems rather than just showcasing products, leading to increased close rates.

Deep dives

The Importance of Close Rates

Closing deals is a crucial element for B2B SaaS founders, especially in the early stages of their companies. Founders often face challenges in converting leads despite having a working product and potential customers. A low close rate can hinder growth and profitability, making it essential to improve this metric. Matt Wallach emphasizes that a close rate below 20% is concerning, and improvement in this area can lead to significant business growth.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode