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3 Tips for a Concise Pharmaceutical Pitch Deck

The drug development process is often long and tedious. Before new drugs and medical devices are introduced to the public, there needs to be careful planning, research, and several clinical trials. Throughout these steps researchers, pharmaceutical companies, contractors, and government agents work together to ensure public safety. This is why pitches in the pharmaceutical industry are extremely crucial.

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Pharmaceutical pitch decks play a significant role in relaying information during the drug development process. In this case, using pitch deck isn’t just an aesthetic decision. The use of visual aids is an effective way to present consequential data in a clear and concise manner.

These are three tips to keep in mind when working on a pharmaceutical pitch deck:

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1. Design should be simple but interesting

The main purpose of a pharmaceutical pitch deck is to relay information and data. That means it shouldn’t get buried under complicated imagery and slide animations. Instead of going over-the-top with customization, use color schemes cohesively throughout your pitch deck.

Going with a simple, engaging design will pique your audience’s interests enough without distracting them from your key points.

2. Make use of images meaningful to your data

If you completely ignore pitch deck design, you might end up with a bland pharmaceutical deck. Even if the people you’ll be presenting to are likely professionals in the field themselves, you still want your slides to be visually engaging. What you can do is make use of stock or CC images that will help illustrate the key points you’re making.

While they don’t have to be directly related to your pitch deck, make sure you can explain your visual metaphors when giving your pitch. Otherwise, you’ll be stuck with a superfluous slide that will make you look unprofessional.

3. Don’t put everything on the slides

Your pharmaceutical pitch deck shouldn’t include every data you have available. Keep the hard-hitting numbers and information in your documents.

Your pitch deck should only serve to supplement your papers by giving a meaningful overview.

You can pick up more pharmaceutical pitch deck ideas by viewing our vertical portfolio. Don’t hesitate to contact us for a free consultation.

With us, we can help you create slides that will perfectly communicate the hard work you’ve invested throughout the long drug development process.

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Enhance Your Sales Pitches with the AIDA Method

Did your last sales pitch end with blank stares from the audience? If your answer is a loud and desperate ‘yes’, it’s time to consider a new strategy. Luckily, there’s a classic marketing trick that will help sustain audience engagement throughout your pitch. It’s called the AIDA method.

The AIDA method was first developed in 1898. It proves its longevity as it continues to provide an effective framework for marketing efforts. Utilize it for your next sales pitch.

What is AIDA?

AIDA is an acronym that stands for Attention, Interest, Desire, and Action. Basically, it serves as a framework for any type of content that aims to persuade, engage, and convert readers or viewers. For pitches, you start by grabbing the attention of your audience then move to building their interest.

When that’s done, you strive to make an emotional connection. This will eventually lead to positive response.

How exactly does AIDA work? Let’s break down each component of the method to see how it can improve your sales pitch:

A – Attention

Set up your pitch by introducing the problem your product or service can solve. Be creative with your approach. You can do it by describing a hypothetical scenario your audience can relate with. You can also start with shocking statistics. If you’re feeling brave, try integrating humor through a short anecdote. Another thing you can do is to ask your audience a thought-provoking question.

I – Interest

With your audience hooked, it’s time to dig a little bit deeper. Talk about the special features of your product or service. Provide them with information that’s backed by proof. If your product allows it, give your audience a short demonstration. This is your chance to impress your audience with case studies and facts gathered through research. The key is to build a strong case.

D – Desire

This step of the AIDA method is closely related to the previous one. After you sustain interest with hard facts, you have to generate a strong emotional connection. You want your audience to realize that you have the best solution to their problems. Continue explaining the features of your product or service, but frame the discussion in a way that’s a bit more personalized for your audience. Explain the advantages of your offer, and how that could benefit them. You can also show them a video of testimonials from relatable clients and customers.

A – Action

If you were able to sustain interest and create an emotional connection, the last step of the AIDA method will be easy to accomplish. After you’ve convinced your audience that your product/service is something they need, persuade them to take action. Take inspiration from advertisers who use a sense of urgency in their commercials. For your pitch, give the audience a call to action that’s straight to the point.

Reference

What Is AIDA?About.com Money. Accessed August 19, 2014.

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What Makes a Sales Pitch, As Told by Mad Men’s Don Draper

A sales pitch is never easy. It’s not just about throwing random information and hoping it’ll stick with your audience. Your job is to convince customers and clients that yours is the best solution to their problem. If you don’t have the right ingredients, you’re sure to lose their attention.

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In order to seal the deal, your sales pitch needs to be creative, informative and visual. Your delivery also needs to be convincing, with equal parts charming and persuasive. Who better to learn from than Don Draper, TV’s most enigmatic ad man?

We reviewed past episodes of ‘Mad Men’ and identified some of Don Draper’s best pitches. Take a closer look to learn what your sales pitch is missing:

Appeal to emotions and be creative

Perhaps the most memorable of Don Draper’s pitches is the ad campaign for Kodak’s “wheel” projector. While others pushed for a campaign with a more futuristic tilt, Don decides to pander to emotions and nostalgia instead. He proposes that the projector is not a “spaceship” but a “time machine”, taking consumers back to their favorite memories. To prove his point, he uses the projector to show the Kodak execs pictures of his own family.

sales pitch mad men - kodak carousel
Don shows the room pictures of his family using the client’s new projector. Watch how his sales pitch plays out here.

People love a good story, especially one that tugs at the heartstrings. While data and statistics are important to a sales pitch, don’t forget to add an element of humanity. We all love seeing stories that we can relate to. Don dubs the new projector as the “Carousel”, making a then-technologically advanced product closer to home. Similarly, you should frame your sales pitch in a way that’s both creative and relatable.

In another example from the show’s fifth season, Don is struggling to come up with a campaign for Heinz Beans. How can something so ordinary be turned into an innovative ad campaign? Don’s wife Megan comes up with the slogan, “Some things never change.” With that idea, Don informs the firm to create a campaign that is anchored on human emotion.

It doesn’t matter what you’re trying to sell. The best way to ensure your sales pitch succeeds is by giving your prospects something they can both relate to and enjoy.

Listen to your audience and be proactive

In the first episode of the series, we see Don struggling to come up with an idea to present to the execs of Lucky Strike. During the meeting, the ad team offers up suggestions but the clients remain dissatisfied. Don saves the meeting and proceeds to give a remarkable sales pitch because he was proactive.

sales pitch mad men - lucky strike
Don comes up with the slogan, “It’s Toasted”. Watch the entire scene here.

Instead of being defeated by the negative feedback, Don uses it to gain leverage for his pitch. He reaches out to the execs and uses what he learned to come up with a slogan. During your own sales pitch, be mindful about preventing the conversation from becoming one sided. Listen to the feedback your prospects are giving you and allow a dialogue to take place.

A similar instance happens in episodes 6 of the first season. The cosmetics company Belle Jolie seeks the help of Sterling and Cooper to come up with an ad campaign for their lipsticks. Don makes his pitch and is immediately turned down. The slogan, “Mark Your Man,” doesn’t exactly capture what the client originally wanted. Instead of scrapping his idea, Don is confident that his vision is perfect for Belle Jolie.

sales pitch mad men - belle jolie lipstick
Don and the ad team pitch their campaign to the clients. Watch the clip here.

He acknowledges the client’s feedback and proceeds to explain why his slogan perfectly encapsulates what they’re aiming for. Taking feedback is an opportunity to understand exactly what your prospects need. Use it to address the age-old question, “How can you help me?”

You don’t have to be Don Draper to pull off a winning sales pitch. Following these simple steps will bring you closer to your audience. Reel people in with emotional appeal before bringing out the facts, and don’t forget to listen to their feedback so they feel your sincerity.

Every presentation pitch needs a pitch deck to match. Contact our pitchdeck.com experts today to transform your slides into an engaging visual aid.

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Featured Image: AMC
Screencaps via YouTube