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Presenting Your Business Pitch with Confidence

Posted on by Rick E

Not everyone has what it takes to be an entrepreneur. There’s a wide set of skills and traits you have to possess in order to become an effective business leader. Among those traits is self-confidence, a natural magnet that can draw people to you and make them want to listen to what you have to say. As such, it’s an invaluable skill during a business pitch.

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To entice potential investors, you need to appear and sound confident while pitching your idea. Investors are naturally drawn to leaders with high self-esteem because it signifies strength of character, another trait necessary to lead a business venture forward. As Larina Kase, a psychologist and author, said, “True confidence is not thinking that you’ll get a great result. It’s knowing that you can handle any result.” When the path towards success is dark and murky, confidence can carry a strong business leader through.

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How to Boost Your Confidence for a Business Pitch

There are things you can do to pump up your spirits before facing investors and presenting them your business model. Here are seven of them:

1. Look and sound the part

The thing about confidence is that you don’t need to have it to look the part. You can carry yourself with poise even if you’re feeling intimidated or scared inside. There are a few things you can do to package yourself for success: dressing well, correcting your posture, minding the pacing of your speech, using precise language, and smiling. In other words, by making a conscious effort to look confident, you can make a good impression.

2. Exude conviction from every pore

To sell a business idea, you should be able to show investors how passionate and committed you are. They’ll try to gauge whether you really know what you’re doing, so make sure that you remain composed but enthusiastic throughout your business pitch. Make the investors believe in your potential to succeed. To achieve this effect, you have to communicate a certain aura that tells investors how confident you are about your product. This means avoiding uptalk and articulating a statement with a declarative—not an inquisitive—tone.

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3. Know your key differentiator

To identify your business’s primary selling point, ask yourself what your edge is as opposed to competitors. Why should investors choose you over businesses similar to yours? You must have something unique to offer to make your business pitch stand out. Apart from this, you should also be able to explain what your worth is to investors. How can they benefit from your business? What gains can they expect, and when?

4. Find an external manifestation of success

Perhaps the best way to gain self-confidence is to find an external manifestation of your business’s capability to survive and succeed. It’s easier to sell a business idea if you have something tangible to back it up. An example of an external validation of success is a solid customer base that raves about your product. A sizable social media following that has positive things to say about your company is also a good proof that you’re breaking ground. Determining your niche is crucial during the first stages of business development because if you sell to the wrong customers, your business is bound to flop. On the other hand, with the right audience, you can improve your revenue and boost your credibility, which will ultimately attract investors towards your business.

5. Solve problems before they appear

Amateur entrepreneurs who only want to impress investors often make the mistake of acting like they’re immune to disasters. They’re hiding behind the assumption that their business model is so perfect, it can’t possibly be taken down by any future problem. As a general rule, before you present your business pitch to an investor, you should think through the possible challenges that you may encounter along the way. If possible, look for various solutions for each issue so that if one fails, you’ll have a backup to fall on. Set up contingency plans for when things don’t go as planned. By making sure that you’re prepared for the ugly as well as the good, you’ll be able to present yourself as a competent leader who can weather the storm when the worse comes to the worst.

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6. Rehearse and refine your business pitch

Preparation is key to any speech. As with any other field, achieving a certain level of self-confidence takes time and an immense amount of effort. Research also plays a major role on how competent and confident you will appear in front of a panel. Make sure that your presentation has no loopholes and that everything goes as planned.

7. Worry less and just do your part

Fussing over the aspects of your business pitch that you can’t control will only stress you out. Instead of worrying over the negative aspects of your situation, just focus on the positive. Don’t zero in on your weaknesses as that will only distract and discourage you. Instead, strive to turn your weak spots around and let go of the things you can’t change. Optimism can go a long way in boosting your self-confidence, so try to appreciate the good parts as much as you can.

Above all else, smile even if you don’t feel like it. As Christine Clapp, a public speaking expert at George Washington University, said, “Smiling not only makes your voice more pleasant to listen to; it also conveys confidence…. You will appear friendly, approachable, and composed.” That reason alone should be enough for you to flash a smile during a business pitch.

If you follow the aforementioned tips, you’ll be closer to improving your self-esteem. Just be patient and remember that confidence is built over time. With determination, you can stand in front of a panel of investors and present your business in the best light possible.

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Resources:

Connick, Wendy. “How to Find Your Unique Selling Proposition (USP).” The Balance. June 19, 2017. www.thebalance.com/how-to-find-your-unique-selling-proposition-usp-2917402

Landrum, Sarah. “10 Secrets to Sounding Confident.” Fast Company. July 20, 2015. www.fastcompany.com/3048748/10-secrets-to-sounding-confident

Lobb, Jennifer. “How to Pitch Your Business Like the Pros on Shark Tank.” Nav. December 28, 2016. www.nav.com/blog/how-to-pitch-your-business-like-the-shark-tank-pros-15102

Whitmore, Jacqueline. “9 Ways to Show More Confidence in Business.” Entrepreneur. September 30, 2014. www.entrepreneur.com/article/237634

“How to Give Investors Confidence in Your Business Idea.” Virgin Startup. n.d. www.virginstartup.org/how-to/how-give-investors-confidence-your-business-idea

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Enhance Your Sales Pitch by Appealing to Emotions

Posted on by Rick E

Fulfilling your passion goes beyond projecting confidence during a sales presentation. Using emotional appeal is one of the trade secrets of professional presenters and businessmen. By creating a set of common values, emotions, and beliefs about your product, your clients will have an easier time identifying with your brand.

It also helps you connect to your audience faster and sell more effectively. This marketing trick, which business gurus Michael and George Belch have cited as transformational advertising, also improves your persuasiveness as a presenter.

How to Properly Associate Emotions

More than just describing and summarizing your product’s benefits, effective sales presenters add an associated set of emotions to your pitch. In his book, Cutting Edge Advertising, Jim Aitchison notes these as anchors that remain consistent with your audience’s existing standards or beliefs.

This technique relies on giving clients the impression that you believe in the same things they do. Your creative pitch presentation ideas thereby establish your creativity, while making your pitch more memorable.

Combine a Rational and Emotional Appeal

You need to clarify how clients can benefit from your proposal. According to product management expert Roman Pichler, good products are often focused on the user rather than the product itself.

Make this more effective by sharing emotional benefits from using your product. This is similar to what mobile AT&T did with its “reach out and touch someone” campaign, which encouraged its subscribers to keep in touch with family and friends.

According to Aitchison, be familiar with your product and the situations in which your customers will use it. Knowing these lets you decide what kind of emotions you want to associate with your product and your brand. This forms the basis of what emotional benefits to pitch to your clients.

Make Your Brand Own the Emotion

Once you identify what emotion to bring out, it’s time to bring the passion out. Do you want your pitch presentation to sell a warm experience where families can bond together, similar to how McDonald’s does its advertisements? Or, like brand communications specialist Carmine Gallo’s example, do you want to sell a comfortable third place between home and work like Starbucks?

These brands have defined their emotional benefits from ideas that stem directly from their products. More than selling fast food or custom-hand-crafted coffee, these brands emulate a specific personality that like-minded people can relate to. Find out what you want to be known for by getting to know the people who think like you do.

In a Nutshell: Bank on the Power of Belief

Combining rational and emotional benefits are more effective because they can both inform and rouse audiences. By driving home that you believe in the same things your audience does, you make them remember you better.

Once you find that emotion your brand or product can stand for, you can start playing to your passions for better pitch presentation ideas that help you sell faster. Already have your big idea? All you need to do is to get the help of a professional pitch deck specialist to bring them out.

References

Aitchison, Jim. Cutting Edge Advertising: How to Create the World’s Best Print for Brands in the 21st Century. 2nd ed. Singapore: Pearson Prentice Hall, 2004.
Belch, George E., and Michael A. Belch. Advertising and Promotion: An Integrated Marketing Communications Perspective. 6th ed. Singapore: McGraw-Hill Irwin, 2003.
Gallo, Carmine. The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience. New York: McGraw-Hill, 2010.
“Product Owners, Focus on the User Benefits, Not the Product!” Roman Pichler. 2012. Accessed September 15, 2015.

Count from 6 to 10: A Quick Guide to Great Pitch Decks

Posted on by Rick E

We’ve previously discussed how the numbers one to five can make your business pitch decks count. This was based off keynote speaker Stephen Boyd’s tips to create a presentation countdown. With our own take on it, let’s continue counting from number six to number ten.

6. Presenting after SIX o’clock P.M.

Business professionals work eight hours on a regular basis. After a long day, only a few stay later than six o’clock p.m. to polish their paperwork, web designs, pitch deck slides, and the like. After all, we want to get back to our families and our lives, right?

Deliver your pitches as if you’re doing them after six in the evening. Embody the elements of fun, involvement, and learning to keep your audience awake. Treat your audience like close friends and family you’ve been longing to see. Sustain their interest from the beginning to end, no matter how late it is.

7. Seven Means Complete

According to the Bible, the number seven has three Hebrew roots: saba, shaba and sheba. These three biblical ideas are associated with oaths, perfection, and completeness. Whether you’re delivering a pitch to a potential client or discoursing a monthly report with co-workers, your pitch deck should contain complete data.

Providing evidence supports your argument or main idea. Maximize the use of graphs and charts, statistics, and other visuals for a more comprehensive discussion. Inevitably, your audience will have questions or clarifications which you can tackle in a Q&A session. However, it pays to address all of these possible questions from the beginning to make things easier for everyone.

8. Eight for Affinity

The number eight is drawn with two interconnecting circles. Lacking one circle, either at the top or at the bottom, means you have zero. Pitches are about making connections. Your business speech is useless without an audience.

Command interest by connecting with them on a personal level. You can best engage an audience by exuding a credible aura, by appealing to their emotions, or by challenging their intellect. Building networks after your business pitch is another way to solidify your core message, and get viable results as well.

9. Nine for Anticipation

Where there’s nine, an end is anticipated — nine is followed by ten, ninety-nine makes way for one hundred, and so on. Anticipating unforeseeable circumstances in your talk is a good pitching skill. Don’t make your audience tune out because you panicked or lost your train of thought. Always be prepared for whatever can go wrong in a speaking engagement.

Planning ahead increases your chances of foreseeing or dealing with such problems.

10. Perfect Ten

There’s no denying that the number ten connotes perfection. Ten is a rounded number, which is why our counting system is based on the power of ten. We rate things with one being the lowest and ten being the highest. Striving for perfection is the best mindset for succeeding in your business pitch.

Make sure that your pitch deck design has the perfect font combo and title slide. Reinforce it with confident delivery and compelling content. Always aim for a deck that will get a perfect ten rating.

To Sum It Up

Use numbers six to ten as your guide for delivering fun, complete, engaging, planned, and perfect business pitch decks. Remember the importance of connecting to your audience, sharing complete and pertinent data, appealing to emotions, anticipating crises, and striving for perfection.

Need a pitch deck to give you an edge? Check out our portfolio for inspiration, or contact our slide design experts for a free quote.

References

Boyd, Stephen. “Public Speaking By Numbers.” Speaking-Tips, August 17, 2011. Accessed June 10, 2015.

What Your Product Demo Actually Needs

Posted on by Rick E

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.

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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

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