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What Makes a Successful Finance Pitch?

Posted on by Rick E

When conducting a business pitch that revolves around finance, it’s important that the data resonates with the audience without it being too much to take in. While you want to be transparent and show them the big picture, you wouldn’t want to exhaust them by going over every figure.

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Here are ways to make your financial pitch effective and understandable:

Clarify your objectives

Make sure you know what your pitch is for. Clarify what you want to achieve by talking about finance in a room full of people. For example, if you want to talk about yearend revenues, your objective could revolve around how this affects your company in the present and in the upcoming year.

As part of custom pitch deck planning, set an agenda, as this makes it easier for the audience to follow the flow of your discussion—it organizes your content into sections. With a sound agenda, you can set the financial scene and work toward the reveal of important data.

Having a clear agenda helps your audience save questions for the appropriate sections, which in turn benefits you in maintaining your momentum.

Don’t just show data—tell a story.

You can’t just project numbers and graphs on the screen and expect your audience to what it is and what it’s about—you need to go into detail and tell the story behind the data. This is where you can provide insight and share your business goals with your audience—you’ll want to discuss why these numbers are important to the company.

Pro tip: follow the three-part story structure and divide your narrative into three parts—the beginning, middle, and end.

Start by describing things as they are. That way, you create rapport with your audience and if you share an idea they are already familiar with, then that will engage them more.

Once you’ve laid all the facts, show them how things could change. Make sure that you cite reliable sources to increase your credibility as a speaker.

When it comes to the conclusion, make it inspiring—or as Nancy Duarte calls it, “new bliss.” This concept refers to telling the audience about how much better their world will be if they adopt your ideas.

Go beyond charts and graphs.

Pitch deck design helps make your topic become more understandable. Charts and graphs are great for representing important figures, including market shares and revenue for the quarter or fiscal year.

To win the hearts of your audience, however, simple graphics are not going to cut it—try experimenting with data visualization to communicate financial messages more efficiently.

Make your pitch a two-way conversation.

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When your pitch becomes a monologue, your audience becomes less engaged—less involved—with your discussion.

Make your audience’s financial priorities a topic for discussion at some point in your pitch. Asking them questions and for their feedback helps them retain information better because they become directly involved.

How you communicate data has a significant effect on how your audience will perceive it. Discussing financial information is a hit or miss, especially when figures and complex data are flashed on the screen, which is why you need to present details in a manner they can relate to.

Lastly, remember not to dump data on your slides—stand back and think about what you need to include. Your custom pitch deck should only contain key financial statements and talk around them in detail later in the discussion.

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References:

Duarte, Nancy. “Structure Your Presentation Like a Story.” Harvard Business Review. October 31, 2012. hbr.org/2012/10/structure-your-presentation-li

Ashe-Edmunds, Sam. “How to Give a Presentation on the Financial Information of a Company.” Chron. n.d. smallbusiness.chron.com/give-presentation-financial-information-company-61420.html

 

What Makes an Effective Healthcare Pitch?

Posted on by Rick E

Sharing your work and achievements through a pitch is an essential part of gaining the favor of your colleagues in the medical and scientific communities. The ability to do it flawlessly is not an easy feat but doing so effectively greatly contributes to your success.

Engaging your audience and conveying your enthusiasm for the topic at hand, however, may be difficult, especially if you are not presenting it to the medical and scientific communities. This is where many pitches fall flat. Some of the pitfalls include overly complicated content—this is where professional pitch decks come in.

So, how can you engage your audience and maximize detail retention at the same time?

Illustrate Your Ideas

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In the scientific community, proof is vital and for it to be taken seriously, it has to be backed up with enough credible sources. Your pitch deck doesn’t have to drown in citations, but only use enough backing data to make your point powerful.

Simply telling your audience or providing a wall of text isn’t going to help health information stick. So instead of giving a pitch with text-filled slides, create a custom pitch deck by using diagrams, graphs, and other types of graphics. These will guide your audience while you explain complex ideas.

You may also use stock photography. These images have improved—no longer appearing staged, but rather more realistic.

Visuals play a huge role as these are handled by a different process in working memory as compared to auditory information—the visuospatial sketchpad.

Use Animation

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Animation adds a new level of engagement, as it works as a great storytelling tool. It gives your pitch a bigger impact because it allows you to pace the flow of information, keep your audience engaged, and sync what you’re saying with what they’re seeing.

It can do wonders for your pitch deck when used properly—conveys your message more powerfully. Using too much, however, may end up distracting your audience. In which case, you’ll be doing the opposite of what you intend to do. Remember: less is more—so don’t overcomplicate your slides and just animate what needs to be emphasized.

Familiarize Yourself with PowerPoint Formatting Tools

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You can come up with the best pitch deck designs by familiarizing yourself with the formatting tools included in the software. When you can manipulate these properly, you can create virtually anything from scratch. It gives you the power to communicate the way you want to, ensuring the audience remembers key information.

In essence, these are various ways to emphasize certain parts of your medical pitch. Not only will these methods make your deck more interesting, but it will help organize your thoughts as well. With these, you can point your audience toward relevant details instead of just showing a wall of text or the whole figure, distracting them from your current point.

Try applying these to your future pitches and see how much of the information was remembered by the audience.

Product Demo 101: Learning the Basics

Posted on by Rick E

What’s one of the best ways to convert potential clients into paying customers? Aside from pitch decks where you get to wow your audience, there’s another scenario where you can achieve the same results. Imagine it: You already have a prototype of the product you’re trying to market, and you’re looking for people who will gladly take your offer; you think an amazing deck won’t be enough, so you decide to take things up a notch and do a demo.

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However, you don’t know the first thing about product demos. Sure, you’re a rock star when it comes to pitches and public speaking, but demonstrations can be different. For one, instead of handling two important elements—yourself and your deck—you add one more: your product. And balancing that act can be stressful, especially when you’ve got hundreds of eyes staring at you and you know that a lot is at stake. Another is that there’s a new dynamic in audience engagement, a level that places you closer to them—and them to you and your product.

Look at the bright side, though. If you do remarkably well, then you’re sure that your audience will take a good, long, hard look at your product. And when they like what they see, they might just want to have your offer. Then, you’re on your way to closing deals left and right. But that is if you do remarkably well.

So, how do you go from A to Z of a product demo? What can you expect from showing off your product in front of a live audience? Are there even benefits to doing so? How do you even begin preparing and how do you start off a demo? Let the following infographic tutor you on the basics of a product demo, and the dos and don’ts during the proverbial curveballs during your time onstage.

Resources:

Kokemuller, Neil. “The Purpose & Benefits of a Product Demonstration.” Chron. n.d. www.smallbusiness.chron.com/purpose-benefits-product-demonstration-55113.html

https://slidegenius.wistia.com/medias/vkv6pnxuez

Three Principles for a Minimalist Pitch Deck Design

Posted on by Rick E

You might have experienced times when you used minimal content in your pitch decks. Has use of the minimalist concept sometimes led to bare and boring slides?

If so, you may have to reevaluate your pitch deck design choices, but not by doing away with minimalism. Rather, improve your deck to utilize this technique more.

While users could blame the seemingly poor appearance on PowerPoint, using minimal content and taking a minimalist approach are two different things.

Done correctly, the latter uses the important facts your clients need to know, as opposed to the former, which puts in only a few details.

This allows your deck to make an impact due to three important factors.

1. White Space

In his article citing renowned neuroscientist Daniel J. Levitin’s The Organized Mind on The Orange County Register, Mark Landsbaum discusses the effects of taking in too much info at once.

These effects include unproductivity and loss of motivation, and the same effects may apply to information overload on the slide.

Because there’s too much content to process, a pitch deck with text-heavy content makes people lose interest in your pitch faster.

People can only give their full attention to one thing at a time. If you want them to retain anything from your pitch, focus on showing your most important facts. Minimalists make use of white space in their design. This draws attention to important text and images on the screen.

Eliminating unnecessary elements from your deck reduces the strain on a reader’s eyes. It also lets them process key points faster. The next time you want to fill your slide with blocks of text, ask yourself if you can cut it down to leave space for rest.

2. Content Placement

You won’t be able to call people’s attention to your core message if they’re placed inconspicuously on your pitch deck. This is where most presenters abuse the minimalist method. They believe that throwing content on a bare space will make it look more appealing.

However, minimalism is all about strategic placement. Spark people’s interest by putting the right element at the right place. Put headlines at the center where they could easily be seen. When using captions with an image, and you want readers to notice them immediately, try putting them near the middle as well.

Less important slide content like sub-headings and minor information should take up less space. So try placing them below or beside the core content.

3. Appropriate Colors

People react to certain colors in different ways. If you want to draw attention and exude positivity, warm colors like red and yellow can suit your needs. On the other hand, cool colors like blue and green relax the eyes.

Like saturating your slide deck with images, adding too many colors can be distracting and uninviting. Knowing the appropriate color scheme for your pitch deck is already an advantage on your part.

Tom Osborne of Viget.com recommends applying other color principles like contrast, to highlight aspects like talking points. Choose complementary colors, and apply one as a backdrop to the other for emphasizing. This doesn’t just apply to solid colors. Use these color principles on your text and images to achieve a visually-appealing design, and make your deck easier to look at.

The Takeaway

There’s no room for a cluttered slide deck in a professional pitch. Using a minimalist approach to pitch deck design can make your deck layout easier to look at, and help attract prospects.

To do this, consider using white space to relax people’s eyes, and help them focus on your key points. Then place your content strategically to draw attention to important text or images on screen.

Utilize the appropriate colors to bring out the best parts of your deck. To make the minimalist approach work on your deck, use these design tips to impress your clients.

To keep everything balanced, contact a pitch deck guru for a free quote!

References

“Color Contrast for Better Readability.” Viget Blogs. Accessed November 25, 2015. https://viget.com/inspire/color-contrast
“Perils of Processing Too Much Information.” The Orange County Register. Accessed November 25, 2015. www.ocregister.com/articles/day-659344-climate-time.html

Featured Image: “twist” by Thomas Leth-Olsen on Flickr.com

Prepare Your Defenses: Battling Noise in Sales Pitches

Posted on by Rick E

As we’ve seen in stories, zombies are drawn to loud noises. This lets them swarm you and prevent you from reaching whatever goal you have set. Applying this in our line of work as presenters, there’s no better way to infect the audience with zombie-like expressions than letting noise interfere with your own pitch.

It’s impossible to get your message across if the crowd can’t hear you properly, but this isn’t limited to sounds that your audience can hear. Noise can also come in the form of unnecessary interruptions that get in the way of your business pitch. Technical glitches, distracting colors, inappropriate pictures, unreadable fonts, even a malfunctioning air conditioner can all count as noise.

Simply put, anything that makes your listeners uncomfortable is a potential hazard. These can prevent you from convincing them to invest in your proposal, which means lost partners and potential profits. Fortunately, there are two types of noise and three ways to immunize your clients from it.

In a post written on Public Speaking Tips, professional speaker and author, Lenny Laskowski, states that noise comes in two forms: external and internal.

External Noise

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The first type may come from your surroundings, disrupting effective communication with your listeners. An unsilenced phone going off, a tall person blocking the view of another behind him, or an unexpected update notification flashing in the middle of your pitch can get in the way of delivering a successful performance.

Parts of your audio-visual aid might even unintentionally distract your audience. For example, if the speaker volume isn’t high enough, any narration that might be embedded won’t be heard. The same thing applies to your visuals if the screen is too bright or too dark.

Using colors can also be a distraction. If the setting or topic requires formality, using bright colors isn’t ideal to complement a formal pitch. The same goes for times when you need to put on an energetic personality and fire up your audience but end up using dark colors in your slides.

The venue itself is also a factor. If it’s too hot, too dark, or uncomfortable because there aren’t enough seats, people may have trouble listening to you. That’s why you should always check out the area beforehand.

Internal Noise

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The second type, internal distractions, are worse because these come from within and may include your own negative thoughts and feelings.

You might be emotionally distracted by being too enthusiastic or possibly tired, which can affect the energy you have for your pitch. A lack of energy or sounding too serious can give the impression that you just want to get your speech over with. It may be fine to sound enthusiastic, but too much of it, like in an investor’s pitch, might make you sound too biased if you make promises without backing them up with hard facts. Alternatively, if you become too serious in an event that needs a more casual and friendly setting, this can send the wrong impression to your clients and infect them with that same lack of interest.

On the other hand, the audience might also be biased or have misgivings about your topic, especially if you present any new unproven products that have yet to enter the market. While skepticism may be unavoidable, you need to prepare for possible contrasting opinions during your Q&A section if you have one.

Here are three things to consider when combatting both types of noise to safeguard your pitch’s success:

1. Detect the Source of Noise

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Damon Verial, a professional writer and contributor for various Web sites, including eHow, tackles the importance of finding the source of noise. He explains that depending on the importance of the situation, noise should be eliminated through various means.

Careful preparation is what helps you avoid unwanted interruptions, but despite your best efforts, some unexpected circumstances are still hard to prepare for. For example, your laptop might randomly shut off, or your slides could suddenly freeze while presenting. In times like these, you need to have backup devices that have copies of your pitch deck, if possible, so you can pick up where you left off immediately.

Before striking back, identify the root of the problem to find an immediate solution. Was it lack of preparation that disgruntled you? Or was it a problem with the venue that disturbed your pitch? The former can be taken as a lesson for what to prepare for next time. The latter can be resolved with some help. In this case, ask for the organizer’s help to take control of the situation and minimize any disruptions.

For technical problems, politely ask the coordinator to help you fix any issues so you can continue your pitch. This will help you handle the situation and put everything in place. Lighting problems, sound systems, microphones, and even power cables are things that they should be ready for.

2. Sharpen Your Listening Skills

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Your job isn’t limited to speaking; listening is also vital to dealing with your audience. With the end goal of delivering a message, improving your listening skills is an essential part of the process. You need to know what concerns your clients will have when you bring your proposal to the table. These aren’t limited to prices. Timelines, implementation costs, and possible benefits are also factors to determining how feasible your proposal can be.

However, passive listening isn’t enough. To be an effective listener, actively seek out and attend to people’s concerns. This lets you better understand what they mean when they ask questions about your topic. After all, noise works both ways too: you need to ask for clarifications if clients voice out their concerns in order to prevent any misunderstanding and give appropriate responses.

By being an attentive listener, you get to answer in a constructive and engaging manner while showing your audience respect. This gives the impression that you genuinely want to know what others need, as opposed to simply pushing your products out and hoping someone will be willing to invest in them.

Aside from convincing them to voice out their opinions, give your viewers a chance to help you clarify anything that needs to be addressed. This prevents any possible misunderstandings that can divert their attention.

3. Harness the Power of Repetition

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Never underestimate the power of repetition when combatting unwanted noise. People remembering your pitch after it’s over can make the difference between success and failure. If your prospects remember what you want them to, and you give them the means to contact you afterwards, you’re halfway to converting more leads to sales.

Simply having excellent speaking skills isn’t enough. You also want your listeners to remember the best parts of your performance. That’s why audience recall is important in any pitch. Keep your points simple enough to repeat them for emphasis but not so much that you endlessly reiterate each one. Are there aspects of your proposal that you can reduce into one to three words? Use these to reinforce your speech and support your facts so that the audience will remember exactly what you stand for.

A simple way to improve recall is to repeat your main points during vital breaks or at the end of your pitch. This highlights important takeaways for the audience, emphasizing your thoughts and stressing relevant information for your listeners to make your pitch memorable.

Done right, it makes your pitch sound more entertaining and convincing.

The Takeaway: Always Stay Alert

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Always anticipate an onslaught of diversions. These can come from the venue, your equipment, your slides, or even yourself or the audience. Consider the appropriate tools to use and have backups in place when technical breakdowns happen. It won’t hurt to coordinate with your organizers for any contingencies you can use in worst-case scenarios, too. This lets you stay focused to avoid further distracting your listeners.

Instead of immediately going on the offensive, strengthen your defenses against disturbing noises that can ruin your performance. At the same time, maintain a solid feedback line for communicating with your audience. They may not always understand you, but if you take efforts to understand their side of things, you’ll be able to find out exactly what causes the noise on their end. You’ll also come across as someone who wants to build better business partnerships with other people rather than a typical salesman who simply talks about their own products without considering if it’s the right fit for his customers.

Don’t let negative thoughts or circumstances overwhelm you. Combat them by detecting the unnecessary noise, enhancing your listening skills, and reiterating your ideas to make sure everyone gets the point. Once you’ve got unnecessary noise under control, you’ll have the audience focusing on the most important things: the benefits that you can give them, and why they should choose you over the competition. This’ll prevent spreading blank stares to the audience and help you convert more leads for your business.

References:

Laskowski, Lenny. “Aspect 6 – The Noise.” Public Speaking Tips, May 22, 2015. www.ljlseminars.blogspot.com
Verial, Damon. “How to Overcome Noise Barriers in Communication.” eHow, n.d. www.ehow.com/how_8031308_overcome-noise-barriers-communication.html

Manage Stress Before a Big Pitch

Posted on by Rick E

We’ve all had those days where stress pushed us to the edge, and we all know it’s not good to be around someone who loses their cool.

You won’t leave a good first impression if you keep a strained demeanor. Manage stress before it takes over your body and turns you into an angry presenter.

Stress by itself is a normal reaction that doesn’t go away until the perceived threat is gone, but delivering a pitch isn’t a real threat. Remind your body that you’re not in any danger. Relaxation will help calm you down and assure you that everything’s going to be alright. Here’s why you should regulate your stress and how to do it:

Likeability

When things keep going wrong, it’s important to know that there’s still tomorrow to look forward to. Stress skews our perspective towards fear and negativity, which makes it hard to even consider that things are going to get better. In addition to feeling terrified, our expressions project the anxiety we feel in response to internal pressure.

Stressing out before a pitch can lead to failure because the presenter may already be anticipating that something will go wrong. The audience can pick up on your emotions and will definitely sense if something’s not right. You’ll lose your credibility as a speaker if people sense you’re too stiff. Confidence in what you’re saying is needed for other people to trust in you, too.

Stress Management

Stress buildup can be mitigated in the first place by placing security checks. Identify what makes you feel threatened. Is it the fear of being judged or being in front of a large crowd?

Once you’ve identified them, step back and realize that none of them can really harm you. The audience is just there to hear what you’re going to present; none of them pose a real threat. Your body will start to calm down once it realizes that you don’t need to fear for your life, and you’ll have nothing to fear once you regain your focus.

Monitor Stress Levels

Some things are truly out of our control, but it doesn’t mean that we should lose our cool. Even if we’re not the best presenter, we should strive to give our best effort.

Doing some relaxation exercises can help release some of that pent-up stress. It will help empty your mind and introduce calming imagery in place of stressful thoughts. Also remember to breathe. Breathing helps relax muscles that become tense when you’re stressed. Pacing around and doing some stretches helps you unwind and prepares you to move your focus elsewhere.

Concentration

Conduct everything you do professionally, and you’ll get the respect you deserve. Don’t let stress get in the way of your ability to make a great pitch. After all, a stressed presenter doesn’t look good. It makes you look hostile, distancing you from your audience. Relaxation should come easily once you’ve identified and let go of what stresses you out.

Manage stress. Don’t let stress manage you.

Reference

“Stress Management.” Mayo Clinic. April 8, 2014. www.mayoclinic.org/healthy-lifestyle/stress-management/basics/stress-basics/hlv-20049495

Featured Image: “StartupStockPhotos” on pixabay.com

Nightmare Fuel: How to Save Sales Pitch Decks Gone Bad

Posted on by Rick E

Sometimes you lose prospective clients due to clunky sales pitch decks. You may have exerted all your effort on calling them and following up, but you may have already committed mistakes that cost you their trust. Don’t worry.

Once identified, it’ll be easy to wake up from these pitch deck nightmares:

Avoid the Information Quicksand

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Rapid technological advancement and increased connectivity leads us to believe that oversharing is a good thing. In sales, it’s an entirely different story. While working with a narrative builds rapport and puts the audience at ease, overdoing it could trap you in a chatty, irrelevant loop that diverts your flow.

Stop boring your audience to death. List down at least three value propositions that are relevant to you and your target market. Make sure your visuals are simple and understandable, enough for anyone to immediately get your main message.

Find Your Core Identity

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There’s plenty of competition out there. If you can’t make an impact on your leads, you’ll end up losing them. To avoid getting sucked into anonymity, highlight your brand’s best features and show how they’re unique from other offers. Supplement these with an engaging pitch deck that both catches the eye and shows off your content.

You can add testimonials from past trusted customers who give positive feedback on your services. These will help draw your listeners’ attention to the benefits of investing in you.

Vanquish the Personal Bias Phantom

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Don’t fall into the trap of assuming that your audience’s perspective automatically aligns with yours. Remember that these are people you have yet to win over. Since they aren’t invested yet in your services, they won’t appreciate a lengthy discussion of your history or anything that moves away from finding out your relevance to them.

Assume that you’re starting with a blank slate and you have to explain some things that would otherwise seem clear to you because of your knowledge of the company. Put yourself in your prospects’ shoes. Do thorough research on their background, needs, and interests as early as your planning stage.

Let them know that you understand where they’re coming from, and that that’s where you’re headed, too.

Turn on the Night Light

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Making a sales pitch can be very challenging. Plenty of presenters end up digging their own graves. But with enough practice and awareness, you’ll be able to map out feasible solutions. Stave off the nightmares with just a glimmer of light. Reel in prospects with the right amount of information that can showcase the best parts of your offer.

Don’t offend them by injecting too many personal assumptions in your pitch. Instead, convince people that you’re better than the rest. Make your brand look like the best option, and be the best option available.

References

“Conducting Market Research.” Entrepreneur. September 30, 2010. Accessed October 23, 2015. www.entrepreneur.com/article/217388

Sales Pitch Q&A Tips: 4 Reasons to Master Negotiation

Posted on by Rick E

Your sales pitch is the last hurdle before you can seal the deal, but even that has a final step: the Q&A.

In every pitch, clients always have questions or concerns. These can be about how your company does business or the package options you have to offer.

Listening to and clarifying their questions will help them understand your position, making them more likely to trust you and close the sale. Experienced sales executives will always plan for these scenarios for 4 main reasons:

1. Clients Always Want Options

People will always look for a better deal to get their money’s worth.

You could be the best supplier of electronic gadgets in the industry, but if you don’t have any favorable options to offer your clients, like a bundle purchase deal with lower price points, or gadgets that they need, chances are they’ll give their money to the competition.

This is why having a fixed set of options rarely works: If you say you can’t give something to a client, you will have a harder time convincing them to invest in you. According to business consultant Larry Myler, giving alternatives is one of the negotiation techniques that salespeople use as a common ground for both their desired outcome and the clients’ desires.

2. Listening Lets You Learn Their Expectations

Our last article talked about knowing your audience’s expectations to help you give a more understandable pitch. While it’s good to know these beforehand, nothing beats getting these firsthand when you need to address their questions on the spot.

This lets you come up with better responses, whether it’s clarifying your previous statements in the pitch, or suggesting alternatives to the options you offered them. Listening also helps you get a better handle on what your clients expect from business partners.

For example, they may have objections to the pricing of your mobile service provider package, but if you let them explain why, you might have the advantage of using that information for either justifying the package or offering them something that fits their budget.

3. You Control the Argument

Learning to say no is another important skill in the Q&A. As the presenter, you need to be clear on what you can and cannot offer to remain in control of the deal. Let’s go back to that example of the mobile service provider: Your package may only be offered at a certain range, but a client might want to lower it further.

If your company knows that the proposed discount is unacceptable due to cost reasons, it might be better for you to refuse and suggest another package. While it’s true that you need to think about your client’s expectations, your company will most likely have their own standards to uphold, making an ultimatum necessary.

By dictating the terms of the offer, you make the deal profitable for both sides. It also boosts their perception of you as a reliable seller.

4. You Project Yourself as a Partner

In every pitch, the objective is all about offering solutions to a problem. This is why every seasoned sales executive takes time to know their clients as much as they can in order to solve their difficulties.

Getting clients to talk about what they need is always a good starting point. Keynote speaker Sherrie Campbell lists presenting yourself as a partner who’s willing to listen among her strategies for mastering sales negotiations. .

If your client can’t agree with your offer, you can always ask why, or replace your offer with a better one. This leaves a better impression than using a “take it, or leave it” approach because you involve clients in coming up with a solution.

The Lesson: Listening Always Helps

Handling the pitch’s Q&A is just as important as giving it. This lets you know your target market and what will convince them to invest in you. Listening to their concerns lets you adjust your offers as needed.

Instead of simply handing out a limited set of options, you give them more possibilities that can sweeten the deal for both sides. At the same time, you have to make it clear that there are things that you can’t compromise on, like a lower price for quality goods.

At your pitch’s last stage, you can impress your clients with your delivery. If you can give them that last nudge to bite into your offer by hearing them out, jumping that final hurdle will be easier for you. Handling this step needs every advantage you can get.

To sharpen your selling edge, take a few minutes to get in touch with a professional pitch deck designer and spice up your pitch deck.

References

Campbell, Sherrie. “7 Psychological Strategies for Mastering Sales Negotiations.” Entrepreneur. November 6, 2014. Accessed August 7, 2015.
Myler, Larry. “Four Ways To Win Any Negotiation.” Forbes. June 1, 2015. Accessed August 7, 2015.

Featured Image: “Signed Contract” by Mads T.F. on flickr.com

An Inside Look at How Clients Invest in Your Sales Pitch

Posted on by Rick E

Effective presenters take time to know their client’s expectations. This lets them select the best tactic for delivering their sales pitch so they can solve both their client’s problems and their own. Presenters have this advantage because they know how clients connect with their sales pitch proposals, giving them better pitch ideas.

It’s the same process that advertising agencies consider when making customers connect with the brands they advertise. This connection between brands and customers happens on three levels, the most powerful of which according to a study conducted by advertising giant McCann-Erickson, is Emotional Bonding.

1. Product Benefits

Business gurus George and Michael Belch suggest that on this level, clients connect with your brand based on the benefits it can offer.

At this stage, clients have the least amount of loyalty. They are most likely to switch to the competition if they offer something you don’t have.

2. Brand Personality

The next stage is when your clients assign a personality to your brand. This personality is based on the principles and beliefs your brand will stand for.

Brand communications expert, Carmine Gallo, presents a few examples: it can be the cozy hangout Starbucks is known as, the tough off-roaders of Jeep, or even the classic refreshing drink that Coke is touted as. This is when clients start to associate traits or values they share with your brand.

3. Emotional Benefits

At this stage, consumers and clients alike develop emotional attachments to your brand. This is the highest level, where clients constantly seek you out after you’ve done business with them repeatedly.

At this stage, your previous clients will have no problem looking forward to your future pitches, much like how Apple users always looked forward to the late Steve Jobs showing off his new gadget. This level of trust leads to a positive psychological movement towards your company.

It’s arguably the hardest to achieve, but you get the benefit of clients paying their undivided attention to you whenever you present.

The Main Connection: Develop Trust

Connecting with your audience with a business pitch doesn’t happen overnight. After all, repeat customers are what keep companies alive.

Offer a product with the benefits your clients need, define a relatable personality for your brand, and deliver consistently to help you gain your client’s trust in your company. That’s when the long-term emotional connections happen.

To help you get the most out of this advantage, get in touch with pitchdeck.com today!

References

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.
“Proprietary Research Technique Called Emotional Bonding.” ZABANGA Marketing. Accessed September 8, 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.

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