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Developing an Introduction for Your Business Pitches

Introductions are crucial parts of business pitches, capturing the crowd’s attention before the presenter proceeds to his main topic. Your introduction should fulfill two purposes: to win your audience’s attention and clarify your topic and purpose.

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Favorable Attention Step

Communicologist Eugene White (1960) suggested the following tips on how to receive favorable attention:

  • Point out your subject’s significance to raise the stakes and demonstrate how your topic affects important factors. Attaching a sense of urgency to your pitch, directly or indirectly, makes your audience listen intently.
  • Use pleasantry, wit, and humor. This is a classic oratory flourish of master presenters who entertain while informing listeners.
  • Make a stimulating statement, refer to a famous quotation, or ask a provocative question to stimulate thoughtfulness and curiosity.
  • Mention common bonds with your listeners. People like speakers they can relate with. Bring out mutual traits, beliefs, life experiences, and goals to build the common ground between you and your listeners.
  • Pay the crowd a sincere compliment. A happy crowd is a crowd that listens.

Using one or a combination of the previous methods can guarantee you total audience engagement.

Clarification Step

After you have their eyes and ears, connect your opener with what you actually need to say. Clarify and link your introduction to your main topic with the following tricks:

  • State your speech’s point or purpose. Directly referring to your intentions immediately connects your introduction to your objectives and to your whole pitch.
  • Explain how you plan to develop your topic to give your audience a clue on your pitch deck’s length. This prepares them to gauge the amount of time you’ll be taking.
  • Provide necessary preliminary definitions and explanations especially if your topic requires a technical approach. When dealing with a lot of unavoidable jargon, get it out of the way before proceeding.

This phase acts as a transition that guides your listeners’ initial curiosity into rapt attention. You can’t simply jump from attention-grabbing straight into your pitch deck’s main body.

Tying Them Together

When used in conjunction, these two processes make for effective introductions that attract and engage while keeping in line with your message and purpose. They’re like a one-two punch combination, where you set up and measure the range before dealing the most significant blow.

Open your discussion with a favorable attention step that suits your audience, occasion, and topic. Afterwards, ease your listeners into the body of your speech by proceeding to the clarification step.

Conclusion

A well-designed deck and a well-planned pitch fall flat without an effective introduction for a lead-in.

Always begin by getting your audience’s attention. Raise the stakes, use humor, ask provocative questions, sympathize with your audience, or pander to them. Then, cap off the introductory stage by clarifying the connections between your main topic and your introduction. This way, you get an engaging and memorable opener that makes sure your listeners are all eyes and ears for you.

Practice crafting this part to hook your audience right from the beginning.

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References

The Role of the Introduction.” Boundless. Accessed July 20, 2015.
White, Eugene. Practical Speech Fundamentals. New York: The McMillan Co, 1960.

Adapting Elevator Pitches Into Your Sales Pitch

The idea of adapting a sales pitch into a 30-second elevator pitch is to deliver a clear and concise speech that makes a good impression in a short amount of time.

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When the elevator door opens and a potential client stands near you, you want to catch his attention and, hopefully, get his business card.

Stay ahead of the competition. Consider every pitch as the chance of a lifetime, so make a speech that sells more than it tells.

Here’s how you can plot your message similar to a well-crafted elevator pitch:

Establish Credibility

How can you earn someone’s trust in the span of an elevator ride?

The key is to establish credibility.

Reel your audience in at the very start and build a positive mental picture in their minds.

A short yet concise self-introduction makes you sound credible. According to presentation trainer Gavin Meikle, you can also literally walk the talk and exude credibility through confident body language.

Stating your specialization and longevity on the field, as well as your manner of speaking, are essential. Convince your audience that you’re worth listening to.

Build Curiosity

Eagle Venture CEO Mel Pirchesky’s famously quoted line summarizes the essence of an elevator pitch: “The objective of the first ten or fifteen seconds is to make your prospective investors want to listen to the next forty-five or fifty seconds differently, more intently than they would have otherwise.”

That’s why most elevator pitches build upon curiosity. They want to make the impression last until the last second.

Though short, elevator pitches shouldn’t reveal your entire offer right off the bat. It’s more of a prelude to the bigger pitch coming up once you’ve hooked your listener into paying attention.

For pitches, giving your audience a glimpse of your product’s benefits is great for hooking in a new lead. This suggests involvement and creates the right atmosphere for persuasion.

Express Spontaneity

Elevator speeches express spontaneity.

They sound like a story being told out of impulse, often in a conversational tone. This adds a greater sense of sincerity to your pitch.

When doing a sales pitch, avoid sounding like you’re reading a script.

Practice delivering your speech naturally while sharing your main idea and purpose. Asking a relatable question can also increase audience participation.

Summing It Up

Your sales pitch is your gateway for new leads. Craft an elevator pitch to hook your audience in the most concise and fastest manner possible.

Having problems creating pitch decks that sell? Contact pitchdeck.com and we’ll help you design a pitch deck presentation that gets you the sales you deserve!

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References

Cameron, Chris. “Going Up! How to Ride An Elevator Pitch to New Heights.” ReadWrite. January 11, 2010. Accessed July 01, 2015.
Meikle, Gavin. “How to Come Across as Credible With Your Audience.” InterActiv Presenting and Influencing. July 16, 2013. Accessed July 01, 2015.

Featured Image: “Elevator” by Gideon Tsang on flickr.com

Does Your New Business Idea Have Potential?

So, you finally have the next billion dollar business idea.

You might think that this sets you off for greater things, but the real challenge is only about to start. There are plans to make and perfect as well as investors to impress.

You have a long road ahead of you.

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Before anything else, you need to make sure that your business idea has potential. After that, it will be much easier to convince others to consider your plans and take you up on your offer. As the old saying goes, “ideas are a dime a dozen.” It doesn’t really matter that you have this unique new idea that no one else has come up with before. The test is in how well you execute the tasks ahead of you.

For that, you need to develop the idea you have. What makes some ideas succeed, and others fail?

Diffusion of Innovations

In 1962, a sociologist named Everett Rodgers sought to answer these questions. He conducted a research project to learn more about how and why certain ideas spread. He gathered data from hundreds of case studies and published his findings in “Diffusion of Innovations“.

In his book, Rodgers was able to explore the different factors that influence how we decide which ideas are worthy of acceptance or rejection. These factors were examined by professor and author David Burkus in the context of business.

Now we’ll give our own take on the topic and see how you can gauge the potential of your own pitch deck.

Relative advantage

Relative advantage deals with how well your business idea and pitch deck compares to what is currently available on the market. The product or service you’re planning to launch should be seen by others as an improvement on the current standards of your industry.

This often happens when you’re presenting your product or service’s advantage in your pitch. Highlight how you stand out from the competition by stepping away from your slides and presenting a live demo. The concrete and visual evidence will convince your prospects of your skills.

Give them the statistics on how well you’ve performed in the past, or how in depth you’ve done your research, but before you reveal your own features, always start with the unique benefits only you can offer.

By tapping into this characteristic, you’ll be able to win people over with tangible proof, as well as a good track record over the competition.

Familiarity

Of course, your business idea will need more than an innovative edge to succeed. People also gravitate towards ideas that are familiar and relatable. If they can use past ideas and experiences to understand what you’re proposing, they will be more likely to accept and adopt to it.

Most of us prefer to try out things that have some semblance to what we’re already familiar with. Always keep in mind that even as you push boundaries, you also have to create an emotional connection with the target audience.

Check out the current trends that resonate with people’s preferences and incorporate these into your pitch. Share a personal story or experience that’s directly related to what you’re going to talk about.

The sense of familiarity before introducing the big reveal to your audience eases them in before surprising them out of nowhere.

Simple and easy to understand

Another factor to consider is the complexity of your business idea. It shouldn’t be too difficult to understand for others to adapt to it quickly. In other words, it shouldn’t be complex at all. It should be simple and straight to the point and this is where a pitch deck specialist can help.

The people you’re hoping to convince should be able to understand the logic behind it.The technical details might be complex, but it should still remain fundamentally easy to understand. An idea that’s too difficult to grasp can end up intimidating your potential audience.

You might have too much raw data at hand, but not all of it should go into your slides. Take only the most important data, and present it in a visually appealing manner. For this purpose, graphs, charts, and other visual representations can come in handy.

The details that you leave out can be further expounded on in your speech itself.

Able to test and verify

Related to the previous point, the next thing to consider is how effortlessly others can interact with and test out your new business idea. The more accessible your concept is for verification, the more individuals can familiarize themselves with it.

Once that happens, the likelihood of their accepting it grows. A quick example of this is how musicians allow audiences to stream their music for free on sites like Spotify or SoundCloud. Through these sites, their audience can see if they like their new material and then commit to buying the full-length album.

Get plenty of positive testimonials for your brand to put on your slides. It’s especially helpful if you can get the help of famous influencers, or better yet, brand advocates who are genuinely interested in your business, and who would be willing to advertise you to their followers.

Put your name out in the market with the help of other people, and build your network before, during, and after your pitch deck presentation.

Can be observed and shared 

Finally, it will also help that your business idea can yield noticeable results that others can share and talk about. Rodgers calls this quality “observability.”

If your idea is open to observation, the easier it is to find and reach out to a wider audience. In other words, the more visible your new product becomes introduced to a mass audience.

In the article by David Burkus, he gives Banksy as an example. He wrote, “One of the reasons for Banksy’s success is the observability of his work. Many artists challenge social conventions in unique, seemingly playful ways, but Banksy’s work is highly public and easily shareable. It isn’t just stuck behind the glass in a single gallery or museum.

Don’t fail your prospects with empty promises. Part of your pitch deck presentation is the assurance of quality. Show them that your ideas will have large returns from their investments. During your pitch, give instances when your product or service delivered well.

Does your new business idea have the potential to succeed? It definitely will if you improve on the finer points by using these criteria. Polish your message using these pointers and get started on creating a pitch deck that will wow investors.

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References:

Burkus, David. “The 5 Common Characteristics of Ideas That Spread.” 99u. 2013. Accessed January 30, 2015.

Featured Image: Joey Gannon via Flickr

What Your Product Demo Actually Needs

During a product demo, the priority is to turn the spotlight on the many advantages of the product you’re pitching. We talk about all the ins and outs of the product, focusing on what makes it the best compared to what’s currently available on the market.

This was the approach that Robert Falcone of brand personalization specializer, Monetate, has tried, tested, and proven ineffective. In an interview with First Round Review, Falcone shared his experience delivering hundreds of product demos with very little success. Finally, after research and practice, he found that knowing a product doesn’t make a demo successful.

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What a product demo actually needs is a change in the usual perspective. Instead of focusing on features and advantages, Falcone learned that he needed to cater his demos for the audience.

Now, one of the easiest and biggest mistakes he sees is that companies don’t effectively craft their demo to fit their specific audience—i.e. they don’t distill their dozens of features and selling points into the few that will really resonate with this particular investor, prospect, or even prospective employee.

To do this, here are the strategies that he found to be effective:

The 5-minute “discovery session”

We often discuss the importance of learning as much as you can about the audience beforehand. Part of your preparation should always include doing some legwork and research to learn basic information about the people you’re about to face. Falcone takes this advice one step further with what he calls the 5-minute discovery session. Before you start your pitch deck, take a few minutes to ask the audience what they want.

The best strategy for this: “Be upfront with the people you’re talking to. Say outright, ‘I’m going to start off today’s conversation by taking just five minutes to ask you a few questions so that I can understand which features will be most important for you.’ That way, you’re all on the same page. You’ve framed things in a strong, clear, logical way, and you already have them participating in a dialogue.”

If this sounds a bit odd, you should look at it this way: your product demo is an opportunity to start a conversation with your prospects. To learn the best way you can be of service to them, you need to engage with them.

The usual product demo isn’t dynamic at all. The presenter just delivers his pitch and gets politely thanked at the end. If you really want to gain an opportunity to actually communicate the benefits you can provide, you shouldn’t be afraid to open the door.

Start with the outcome

As Falcone said, customers aren’t compelled to try a product because it’s the best in the market. They consider a product because it promises to give them something they want or need. In other words, they’re looking at the outcome. They want to know how your product will affect their life or solve their problems.

You want your audience to envision, and if possible, experience what life with your service or product will be like. Then, once they have that in mind, you can back up and show them why things will be so much better. It’s part of anticipating that ‘after’ state you want to ask about during discovery, and addressing it right away.

Before detailing all the features and selling points, start your product demo by outlining the outcome. Tell your prospects what they should expect out of your product and how it will help answer the problems they shared with you during the discovery session.

Move from macro to micro 

When you’re finally ready to discuss product details, make sure you structure the demo in a way that’s easy to follow. Start by providing the audience with a macro view of your product before going into a micro view. This way you can present a general premise before moving on to more nuanced and detailed discussion.

You have to remember that most people you demo to will probably know nothing about what you’re about to present or how it works. If you get into the weeds too fast because you’re worried about dumbing things down or not being subtle enough, you’ll lose.

The objective of a demo isn’t just to introduce a new product. You want to make sure your prospects understand everything about the product you’re offering. How can they decide to make a sale if they leave your pitch confused?

Silence can push the dialogue further

A lot of presenters are scared of silence, but Falcone asserts that it can be an important part of a product demo. Instead of trying to cover up awkward silences with long explanations, let it play out and use it to your advantage.

[Falcone] found that this keeps him from going off topic just to fill the void, and if he waits for a bit before answering a question, he has more time to be thoughtful about his response. Best of all, someone else in the room may jump in to supply more context about what they want or need.

Instead of grasping for something to say, allow silences to play out organically. Use the time to think about what you’ll say next, or wait for the audience to bring up their own points and perspectives. Whatever happens, you’ll find that it can actually help add a dynamic quality to a product demo.

Keep the floor open for questions and answers

Lastly, your product demo will also benefit from taking and answering questions early on. Doing so will definitely contribute to creating an open dialogue feel to your pitch deck. It also encourages your audience to take an active part in the discussion, allowing them to see that this pitch is all about their needs.

Aside from that, you should also address questions to the audience. As Falcone pointed out, this is your opportunity to “keep people engaged and facilitate learning on both sides“. In particular, there are three types of questions you can ask.

You can ask an open-ended question, which starts the conversation. Then there’s the “point question”. It’s completely rhetorical and serves to emphasize the point you’re trying to make. Finally, you can also ask a “response question”. This is something you pull out when an audience asks you something that’s a bit tricky to answer.

A product demo is an opportunity to reach out to potential customers and clients. At this point, you want to make sure that you present an outcome that is beneficial to them. Make sure you listen to their needs by following these strategies. You can also improve your chances through powerful visuals.

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References:

Falcone, Robert. “Your Product Demo Sucks Because It’s Focused on Your Product.” First Round Review. Accessed January 8, 2015.

Featured Image: ImagineCup via Flickr