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Successfully Introducing Your Product in a Business Presentation

When you launch a product for the first time, you’re automatically handed the responsibility of ensuring its success. The audience will look up to you for answers because you’re the expert in that particular setup. You’re expected to know more about your product than anyone else. Rightfully, you are also entitled to feel excited or overwhelmed. After all, you’re handling a do-or-die moment for your brand. The key to conquering this situation, of course, is to win your audience’s favor. Here are some tips to help you do just that.

Show, Don’t Tell

When introducing a new product, it’s not enough to simply tell your customers about it. You need to let them see it with their own eyes and test it with their own hands. Of course, before doing that, you should draw the audience’s attention and interest first. Make them want to experience your product and explore its features. You can do this by creating a point of comparison between your product and that of your competitors. Convince your audience that you are the right choice. Take note that your clients will form their opinion based on what you show them, so give it your best shot when showcasing your brand.

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Build Enough Hype

Market your product without overselling it. You can use all kinds of platforms and outlets to let your target audience know about your business. Expand the reach of your market through print advertising and social media marketing. Give your potential clients something to anticipate. You can go on and highlight your product’s best features, but don’t promise something that you can’t deliver. Ultimately, you want the hype to be real.

Also, it’s important to seamlessly shift your presentation’s focus from the product to the audience. Don’t just proclaim how great your product is. Instead, tell your potential customers how it can make their lives better. That way, they’ll have more reason to look forward to its release.

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Solidify Your Expertise

Credibility is crucial to any brand. When presenting your product for the first time, it’s important to impress as many prospects as possible. To do this, you need to demonstrate how knowledgeable and well-experienced you are in your industry. This is the time for you to flaunt your credentials. What has your business achieved so far? What projects are you working on now? Who are the experts who make up your team? What are your plans for the near future? All of this can give your audience a reason to trust in you and believe in your product.

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Communicate Confidence

In a business presentation, it’s important to communicate just how much you believe in your brand. If you don’t trust your own product, no one else will. Confidence is a magnet that draws people in. Make sure you’re equipped with at least that before you step into the stage.

Your product launch doesn’t have to be overwhelming. You can make it exciting for yourself and your audience if you implement the aforementioned tips. With sufficient preparation, you can deliver a presentation that highlights your new product’s best features and places your brand under the limelight.

Resources:

Bly, Robert W. “How to Convince Customers to Buy from You and Not the Competition.” Entrepreneur. December 15, 2015. www.entrepreneur.com/article/252960

Shope, Kendrick. “How to Sell Something Without Being Sleazy.” Infusionsoft. February 29, 2016. learn.infusionsoft.com/sales/sales-process/how-to-sell-something-without-being-sleazy

Tallent, Barbara. “How to Create a Product Presentation.” Infrasystems. n.d. www.infrasystems.com/product-presentations.html

Watkis, Nicholas. “Is Credibility the Most Important Ingredient for Business Success?” My Customer. November 6, 2012. www.mycustomer.com/experience/loyalty/is-credibility-the-most-important-ingredient-for-business-success

Closing a Deal Without Assuming a Salesperson’s Role

Contrary to popular opinion, there’s nothing inherently wrong with hard selling. If you know you have a wonderful product that should see the light of day, then by all means go and sell it hard. However, you need to be wary of the caveats and repercussions that you may encounter along the way. Make sure that when convincing a prospect of the value of your business, you remain honest and true. Also, before going around and trying to talk people into investing in your product, make sure that you’re adept enough to communicate and empathize with them.

The problem with most salespeople today is that all they care about is closing the deal. They don’t bother about being honest with the consumer. They hardly go out of their way to find out what the consumer really needs. This is exactly why sales agents have developed a notoriety so ill that people recoil when they see a salesperson trying desperately to catch their eye. The harsh truth is that being a salesperson today is synonymous to being pushy and annoying. If the economic landscape is to reach a higher bar, this stigma has to end.

The Logic Behind Using a No-Pitch Promotion

No one can change the salespeople’s reputation but the salespeople themselves. Many companies have already figured out the right ways to reach consumers without distressing them. Surely, a lot more would follow if only they knew how. If you still haven’t employed the right techniques in selling without coming off as obnoxious, here are two of the main reasons why you should change your ways now:

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  • To take the pressure off the audience

What seems to be the salespeople’s role today is to serve themselves and their company. However, there should be a shift in perspective. Instead of thinking of their own good, salesmen should serve customers and see how they can help alleviate their concerns. Instead of inconveniencing prospects, salespeople should strive to make matters easier and more convenient for them.

The last thing you want as a salesperson is to give the impression that you’re trying to squeeze every penny out of your customers. Shoving the product down the customers’ throat won’t make them pay for it. Put them at ease and let them be comfortable so that they can make that decision for themselves.

  • To differentiate yourself from corporate players

One of the advantages that a small business holds over a goliath is that it has an option to personalize the customer experience. Customers like it when they’re treated in a special way. This is why even big players in the business field should try to mimic the small-business model of sales. As a salesman, you should be more personable. Take your time in easing the prospect into your business. Instead of rushing to pocket the money, let the sales process unfold. If you focus on attending to your client’s needs before anything else, the deal will close itself.

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Four Proven Ways to Sell Without Being Aggressive

Most salesmen are torn between hard selling and using alternative sales techniques that are subtler and less aggressive. On the one hand, hard selling makes a salesperson feel like s/he has done everything in his or her power to gain a new customer. On the other hand, it is usually a turn-off to customers, and therefore, a big no-no. Fortunately, there are easy and effective ways to sell without sounding like a salesperson. Here are some of them:

1. Be transparent about your business processes

Make your business processes open for the public to see. Share every thought and effort that went into creating your product or developing your service. Tell your prospects what went wrong and what worked out in the end. In other words, lay your brand bare before them.

By doing this, you’re essentially inviting people to trust you and see you not as a business without a face but as a familiar friend whose struggles and successes they had the privilege of knowing. By being vulnerable and letting them into your business’s personal bubble, you’re giving them an invitation that they can’t turn down. The bottom line? Genuine stories sell.

2. Demonstrate what your product does

Merely talking about the product won’t cut it. To persuade a crowd of skeptic consumers, you need to let the product speak for itself. Show your prospects exactly how your product works so that they can judge for themselves whether it’s good enough to satisfy their needs. A product demonstration is a quick and effective way to tell someone just how great your offers are without actually telling them.

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3. Pitch at the right time and in the right place

Timing is key in every field, and it’s not surprising that it’s just as important in sales. A good salesperson can tell when it’s appropriate to approach a customer with a product offer or when it’s best to just drop it and focus on addressing the customer’s immediate concerns instead. Watch for external cues that will give you hints on whether or not a customer is open to a sales pitch. If you insist on troubling a prospect, you might end up losing a potential client for good.

4. Focus on addressing the consumer’s pain points

It only makes sense that if you let your prospects do the talking, you can’t possibly annoy or offend them. In fact, if you assume the role of a listener from the start, it’s likely for them to relax and feel comfortable around you. That said, before you make a pitch, make sure to hear out your customers’ side of the story first. Let them spill out their concerns so that you can thoroughly assess the situation. Only talk when you know that you have something useful to offer. Your proposed resolutions should revolve around their problems. Remember, the goal is to help the customers, not to take their money.

The approach to sales described here isn’t new or farfetched. In fact, it has been used by top marketers for many years now. However, until every salesperson learns how to use the methods of soft selling to better attract and gain customers, the reputation of the sales world will be stuck in the dead zone.

Resources:

Charles, Jeff. “5 Easy Ways to Sell Without Being Pushy or Obnoxious.” Small Biz Trends. August 31, 2015. smallbiztrends.com/2015/08/easy-ways-to-sell.html

Flynn, Pat. “How to Sell Without Selling: The Art of No-Pitch Promotion.” Smart Passive Income. May 20, 2014. www.smartpassiveincome.com/how-to-sell-without-selling-the-art-of-no-pitch-promotion

Gregory, Alyssa. “12 Tips for Using a Soft Approach to Make the Sale.” Sitepoint. June 22, 2010. www.sitepoint.com/using-a-soft-sales-approach

Iannarino, Anthony. “Don’t Mistake Selling for the Hard Sell.” The Sales Blog. May 28, 2010. thesalesblog.com/2010/05/28/don%E2%80%99t-mistake-selling-for-the-hard-sell

Nornberg, Vanessa M. “3 Ways to Tell When a Customer Is Ready to Be Sold.” Inc. August 8, 2014. www.inc.com/vanessa-merit-nornberg-nornberg/3-ways-to-tell-when-a-customer-is-ready-to-be-sold.html

Verrill, Ashley. “How to Sell Without Sounding Like a Salesman.” Scott’s Marketplace. July 17, 2013. blog.scottsmarketplace.com/how-to-sell

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What Makes a Winning Investor Pitch Deck?

Whether your business is small or multinational, one thing will always be present. Barring the basic constants (employees, profits, losses, gains, etc.), in one way or another, you’ll always find yourself in a meeting room, giving or receiving a pitch. With the former, how well you do could spell the survivability or demise of your startup company or the guarantee of funds for your next big project. It doesn’t need saying, but a pitch is an important step toward success.

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This is why you’ll more likely fret over nailing your pitch the first time rather than wait for a redo. You’ve got the public speaking skill to charm your audiences, but of course, a good support will take you further. That support is your investor pitch deck. You’re already aware of what makes a pitch deck presentation powerful. At this point, what you need to know is what makes your presentation—and by extension, your business—the winning choice.

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Major Paradigm Shift

When technology advances as quickly as one can say “supercalifragilisticexpialidocious,” the world changes as well. Take for instance the evolution of news material from the invention of the printing press to the few short years after online articles became a thing; today, print lags behind digital.

In the same way, figure out what paradigm shift is causing the problem you’re trying to solve. In Andy Raskin’s article, he says Zuora, a software company, has the “greatest sales deck” because they start off framing a change that not only arrests attention but also puts in perspective how the “shift affects [the audience], how it scares them, and where they see opportunities” all at once. During that fleeting moment, you hint where your pitch is going without saying it outright, but just enough to spark curiosity.

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Additionally, doing so nicely sets up the…

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Problem

One thing that pitches always highlight is how a product works vis-à-vis a solution. “My/Our product can do this and that with these features and those upgrades. I/We believe it’s something that can help people.” There’s nothing wrong with that; in fact, it’s basically a must. If you truly think your business is something that can be beneficial to your target market, or even society, then you would spill your heart out on why your interpretation of a solution is better. But a more general question to ask is, “How bad or big is the problem?”

Put as much flair and buildup into the problem you’re trying to solve as much as you do into your solution. This will give your possible investors a glimpse of, if not completely understand, how said challenge affects people on a larger scale, how your product addresses that, and even your motive and drive to continue working on your proposed solution. Doing so will put into context your enthusiasm during your pitch. It will then be more memorable, and they’ll realize you’re the correct choice.

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Data

Before you even started your business, you already researched extensively on your target demographic, logistics, and the many other particulars for your enterprise. Then you release your product, even if it’s an alpha or a beta demo, and gather your results. Keep those numbers and feedback in hand; you’ll need them just as much as the initial research because that’s what you wow your pitch audience with.

Figures give a more concrete achieve and set a more realistic standard than hypotheticals, especially when accompanied by testimonials from customers. Framing and hyping the climax of your pitch is a method of romancing the audience that makes them want more. When you’re done setting up the real numbers for a “hypothetical” product to get their hopes up, that’s when you take them by surprise (but not really, given that you’re pitching something to them) and introduce your…

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Solution

This is the first time they’re hearing about your actual product. All the data and testimonials you’ve thrown to your audience now have something to fall on—a kind of “a name to a face” logic. You already went all-out with your first few slides, so it’s time to let your proposed solution stand on its own. Don’t just focus on the features that people loved; show and tell what sets you apart from your competitors and why investors should pick you.

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Since this is the crux of your pitch, continue with the same level of eagerness you had in the first part as you go for the last stretch. Just because you’re ending doesn’t mean you can let up. If anything, a better conclusion results in a more powerful impact that can guarantee your cashflow and move to a brighter future.

Pitches shouldn’t be necessarily difficult, but when you consider the pressure you feel because of the supposed “life-or-death” outcome of either a small business or a project, the stakes become higher. Don’t let yourself buckle down because of the pressure though. Once you ace this, you’re on your way to more exciting prospects.

Remember what you need to focus on and emphasize on your deck. It’s about your company, your product, and your passion. You may be out looking for funds, but it’s only a step toward your larger goal: solving a problem you know society shouldn’t deal with.

Resources:

Chuang, Alex. “The Quick and Dirty Guide to Creating a Winning Pitch Deck.” Startup Grind. n.d. www.startupgrind.com/blog/the-quick-and-dirty-guide-to-creating-a-winning-pitch-deck

Eckler, Daniel. “How to Design a Pitch Deck: Lessons from a Seasoned Founder.” Medium. n.d. www.medium.com/swlh/how-to-design-a-pitch-deck-lessons-from-a-seasoned-founder-c816d1ae7272

Harroch, Richard. “How to Create a Great Investor Pitch Deck for Startups Seeking Financing.” Forbes. March 4, 2017. www.forbes.com/sites/allbusiness/2017/03/04/how-to-create-a-great-investor-pitch-deck-for-startups-seeking-financing/#db6b7f62003e

Lee, Aaron. “30 Legendary Startup Pitch Decks and What You Can Learn from Them.” Piktochart. n.d. www.piktochart.com/blog/startup-pitch-decks-what-you-can-learn

Lenaerts, Sven. “10 Presentation Design Tips (for the Best Pitch Deck).” Envato Tuts+. May 25, 2016. business.tutsplus.com/tutorials/10-presentation-design-tips-for-the-best-pitch-deck–cms-24860

Raskin, Andy. “The Greatest Sales Deck I’ve Ever Seen.” The Mission. September 15, 2016. www.themission.co/the-greatest-sales-deck-ive-ever-seen-4f4ef3391ba0

Welton, Caysey. “Across Age Groups, Print Lags Far Behind Digital and TV as a News Source.” Folio: Magazine. June 21, 2016. www.foliomag.com/across-age-groups-print-lags-far-behind-digital-and-tv-as-a-news-source

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