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Presenting Your Business Pitch with Confidence

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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Are Mind Games Still the Secret to an Effective Sales Talk?

If you’ve been in direct sales, then you know what it’s like to: 1) get the initial attention of a potential buyer, 2) maintain said attention on you, 3) promote your product, 4) keep the customer from walking away, 5) end your spiel, 6) somehow manage to induce your prospect to purchase your offer, and 7) thank your buyer and end the transaction. Rinse and repeat. Of course, this may be a gross, basic oversimplification of the whole process, but the main steps are there.

Let’s face it: even if trained salespeople have gone through the cycle hundreds of times, it’s statistically impossible that they have a 100 percent success rate. The next best thing is to reduce the number of naysayers. But how does that work when people are turned off by sales talk? By playing on their psyche.

Let’s be clear: this isn’t manipulating their minds into buying what you’re offering but rather talking to them and making them see the benefits of having your product. For that, you must know what you’re about to go up against.

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Types of Customers

Depending on who you talk to, there are generally four types of customers. Retail expert Rick Segel segregates them as The Director (likes to take charge), The Analytical (analyzes the finer details), The Relater (knows someone from everywhere), and The Socializer (loves to build relationships).

In a HubSpot article, Leslie Ye classifies customers as Assertive, Amiable, Expressive, and Analytic. While there are obvious similarities between Segel’s and Ye’s lists, i.e., Assertive and The Director and Amiable and The Socializer, the difference is that Ye has the Expressive that lean more on how a purchase affects customers and those around them.

With those laid down, how do you sell to them? The following are the bottom lines.

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Appeal to Emotions

Knowing how to deal with diverse customers is the basic of sealing a deal. By pleasing them despite their very different natures, you satisfy a golden rule in sales: making them happier. And that leads to better experiences. Basically, good customer service equals great customer experience.

For your part, flexibility is always welcome. With the multitude of people coming through the door, you’re bound to find yourself in a conversation with your potential client, and you’re expected to be able to cater to their personalities. Got an Assertive type? Cut to the chase, lay the down the facts, and don’t waste their time. Got the Socializer? Then by all means, socialize with them. Engage them in a friendly conversation and build that relationship.

In those ways, you can show them that you’re not taking a one-track-mind approach and considering only the profit of a sale. Make them feel that their trust and loyalty are the best things you can have.

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Appeal to Aspirations

There are people who buy because of impulse, while there are those who carefully plan their expenses. Despite these—or perhaps because of these—sellers often don’t consider the far future and are only concentrated on the moment.

Rather than doing that, though, when you’re having a conversation with your potential buyer, cater to their present needs and show how your product can provide a “better” future. After that, maybe they can present an easier manner of how people around them work or a more efficient way of doing things just because of their simple purchase. By meeting that expectation, you enrich how people view themselves and give them the opportunity to do something good.

This subconscious aspiration to be respected—that sense and level of self-esteem—is always good to enrich because this is one way you get your clients to trust you.

Conclusion

Over the years and after many refinements in the art and techniques of selling, most people have their defenses up. They turn a deaf ear to blatant sales talks and a blind eye to obvious schemes. In short, don’t underestimate your potential clients.

People are more aware of the mind games, so these don’t work anymore. So, what do you do? Be human when you do your sales talk. Instead of putting up a wall between seller and buyer, do your best to connect with your customer. Being honest and genuine are traits most people look for in a relationship, so why don’t you start that chain? You’ve nothing to lose and much more to gain.

Resources:

Corbett, Barr. “The Best Sales Pitch Ever.” Fizzle. November 16. www.fizzle.co/sparkline/the-best-sales-pitch-ever

Dachis, Adam. “How to Plant Ideas in Someone’s Mind.” Lifehacker. October 21, 2014. www.lifehacker.com/5715912/how-to-plant-ideas-in-someones-mind

Segel, Rick. “4 Types of Customers and How to Sell to Each of Them.” Business Know-How. n.d. www.businessknowhow.com/marketing/personalities.htm

Ye, Leslie. “How to Sell to 4 Different Personality Types.” HubSpot. December 13, 2016. blog.hubspot.com/sales/how-to-sell-to-different-personality-types

“Mind Games: Can We Use Psychology to Grow Sales?” Pharmacy Magazine. July 31, 2015. www.frontshop.co.za/mind-games-can-we-use-psychology-to-grow-sales

“The Rule of Esteem – How Praise Releases Energy.” Westside Toastmasters. n.d. www.westsidetoastmasters.com/resources/laws_persuasion/chap12.html

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The Real Cost of a Poor Presentation

The truth may be more prevalent than you would like to admit, but it’s unhealthy to ignore the fact that there are good presentations, and there are also bad ones. If you could give an estimate, how many from the total number of existing presentations are poorly made? Around 50 percent? That’s a big number. Assume for a second that, around the world, there are over a billion PowerPoint files today. That’s 500 million at the very least.

With all the design and content tips littered all over the Internet about making the best pitch deck, you’d think that by now, everyone can create decent slides. But let’s not get too idealistic. PowerPoint is tricky to master, especially when you consider how people have different reactions to presentations in general.

Should you cater to their wants then? “Yes” would be a short answer, but it has serious implications for your succeeding attempts at presentation. For example, when you’re creating a pitch deck. You can’t make a one-fits-all since it’s practically impossible to create slides according to the preferences of every executive you’re looking to impress. It’ll be a mishmash of different styles, and that can be distracting.

Does it mean that this is a hopeless case? Of course not. The best you could do is minimize the negative effects of a bad pitch deck presentation, like death by PowerPoint. Other suggestions are doing your best to create the most visually appealing deck people will ever see or hiring a good team of presentation specialists to make awesome slides—as long as you avoid using poorly designed presentations. Why? Because you stand to lose more than just cash by crafting pitch decks or sales presentations sloppily. The infographic below will help you see that you shouldn’t be worried with just your profit margins because you put at risk something bigger than money.

Resources:

Griffith, Eric. “17 Tricks to Master Microsoft PowerPoint.” PC Mag. October 14, 2014. www.pcmag.com/feature/328357/17-tricks-to-master-microsoft-powerpoint

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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

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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Creating an Effective Financial Presentation

At some point in your career, you’ll have to give at least one complex and data-heavy presentation. It’s inevitable for entrepreneurs to venture into the financial side of business and deliver fiscal reports such as those involving business charts that reflect the company’s performance against goals and financial analyses.

But the thing is, financial data can be boring. They may appeal to analytical brains, but what about the rest? In order to hold your audience’s attention, you need to make your financial presentation interesting. Don’t just conduct a data dump. Explain where the figures come from and how they affect your audience. Provide examples as to how those numbers can be relevant in their lives.
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In other words, harness the power of financial storytelling. Present a narrative-driven angle that will give your presentation a new light. Show the numbers but let the story behind them shine through.

Mastering the Art of Financial Storytelling

Financial presentations don’t have to be dull. Here are some tips to successfully deliver an intellectually-stimulating yet engaging presentation.

1. Pattern your presentation after the GPS approach

Organize your facts and figures by planning your presentation. Create a structure so your message will be clear from start to finish. One method you can apply to achieve this is the GPS approach.

First of all, identify who your audience is. What’s the extent of their knowledge and the level of their expertise? Once you know this, you have the starting point. You can then proceed to identifying the goal of the presentation. What would you want the audience to think, feel, understand, or do when you step out of the limelight? What end point are you trying to achieve? This is the destination.

From there, it’s just a matter of choosing the best route. How do you go from Point A to Point B? Outline your main idea first, then follow it up with the supporting ideas. You can create a script to help you with internalizing the flow of the presentation.

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2. Establish credibility from the outset

Since you’ll be presenting critical figures, it’s important to appear trustworthy. Cultivating credibility and cementing a good reputation will make it more likely for your audience to believe in what you’ll say. If necessary, use supporting materials to validate your claims.

3. Outline your goals to build anticipation

If you inform your audience about the goals of your presentation, they’ll be more prepared to process any chunk of data you give them. It helps them to follow along since they already know what to expect and what material you’ll cover. It allows them to focus on the goal and take part in your presentation. 

4. Follow the three-part story structure

When communicating the story behind your data, it’s good to divide your narrative into three parts: the beginning, the middle, and the ending.

Start your presentation by describing things as they are. This is key to creating a bond with your audience. If you tell them something that they already know or can agree with, you ignite a small fire of recognition in them. Naturally, that will make them more interested in your talk.

After establishing the facts, you can show them how things could change. Establish a gap between what is and what could be. Make sure your claims hook and intrigue them enough.

Finally, when concluding your financial presentation, don’t forget to include a call to action. Introduce what presentation expert Nancy Duarte calls the “new bliss,” a state where your audience’s world can be a lot better if they adopt your ideas and follow your suggestions.

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5. Employ visuals instead of spreadsheets

Don’t limit yourself to Excel. Embrace the perks of technology so you can create a financial presentation that drives home with your audience. Present numbers, graphs, and tables using pitch decks.

However, if you really want to take your presentation to the next level, you can ask a presentation design specialist to do the job for you. Let an expert turn your numeric data into graphics and visual images that are equally credible-looking and interesting. Your audience will be able to better make sense of your presentation this way.

6. Use simple and effective design elements

To make your slides more visually appealing without going over the top, use a sans serif font instead of a fancy one. Also, choose a template that isn’t too loud. Observe a good balance of colors to avoid design clutter. If you can, use a color contrast calculator to make sure that the colors in your presentation match. 

7. Reiterate your claims repeatedly

According to the Edelman Trust Barometer, you need to be exposed to a piece of information three to five times for you to absorb it and act on it. Also, you need to hear it from different sources for your brain to validate the information. Repeat your message throughout the presentation, but say it in different ways.

Keep Calm and Speak Like a Pro

With the proper tools and the right techniques, you can be more confident in delivering a good financial presentation. All you need is some storytelling and a few basic design skills. If you prepare well, you can get your message across without losing your audience in the process.

Resources:

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

Jeavons, Sheri. “Financial Presentations That Won’t Put Your Audience to Sleep.” Sales Gravy. n.d. www.salesgravy.com/sales-articles/presentation-skills/financial-presentations-that-wont-put-your-audience-to-sleep.html

Mogilner, Geoffrey. “Perfecting the Art of Financial Storytelling.” Edelman. February 2, 2015. www.edelman.com/post/perfecting-art-financial-storytelling

Piontek, Katelyn. “7 Ways to Make a Financial Presentation Interesting.” Turbine HQ. September 9, 2014. turbinehq.com/2014/make-a-financial-presentation-interesting

Riggins, Nash. “15 Ways to Create Effective PowerPoint Presentations.” Small Business Trends. July 5, 2016. smallbiztrends.com/2016/07/effective-powerpoint-presentations.html

Sullivan, Sarah. “Financial Presentations That Really Stand Out.” Talisman. October 10, 2016. www.talismansolutions.co.uk/blog/stand-out-financial-presentations

Theriault, Michel. “9 Tips for More Powerful Business Presentations.” Forbes. November 4, 2013. www.forbes.com/sites/allbusiness/2013/11/04/9-tips-for-more-powerful-business-presentations/#55621b7043a0

“Creating Effective Financial PowerPoint Presentations.” 24Point0. January 16, 2014. www.24point0.com/financial-statement-presentation

“Don’t Start by Copying Previous Slides.” Think Outside the Slide. June 24, 2014. www.thinkoutsidetheslide.com/issue-314-june-24-2014

“Edelman Trust Barometer.” Edelman. 2009. www.edelman.com/assets/uploads/2014/01/2009-Trust-Barometer-Executive-Summary.pdf

“Five Tips to Make PowerPoint Business Presentations More Effective.” Think Outside the Slide. n.d. www.thinkoutsidetheslide.com/five-tips-to-make-powerpoint-business-presentations-more-effective

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Increase Your Chances of Making Sales in 5 Easy Steps

Motivating your prospects isn’t enough to convince them to make purchase decisions. It would be difficult to motivate people without knowing their preferences. Learning what motivates them in buying a product or availing a service should be your main priority. This is to give you higher chances of influencing them to take action.

Convincing them to purchase your product allows you to highlight the benefits of what you’re offering. Knowing their needs, on the other hand, gives you an idea on what kind of things they’re interested in and how to satisfy them.

Before you even get to know your prospects, they already have their own set of preferences and expectations that drive them to act. Be careful not to sound too aggressive or desperate in presenting your offerings without first knowing what affects their decisions. This is where asking questions takes place.

Give your prospects enough time to share important things about themselves. This will help you discover something valuable that you can use in addressing their concerns. Otherwise, you’ll unintentionally lose their attention and interest.

In his book, The Secret of Selling Anything, author and speaker Harry Browne tackles how selling is easy. He mentions that the secret to salesmanship revolves around this guideline: Find this prospect’s motivation and appeal to it.

Browne emphasizes the importance of recognizing each prospect’s motivation to increase your chances of making sales. Follow these five easy steps inspired by Browne’s ideas as your guide:

Step 1. Identify their motivation.

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According to Browne, asking questions that stimulate your prospect’s interest are effective in convincing them to open up and disclose whatever it is that matters to them a lot. Though selling is your main goal, understand that you need to prioritize client concerns and distinguish their inner motives before your own satisfaction. This is where you ensure that the prospect you are talking to is qualified for your offer.

Knowing their motivations also allows you to recognize their present needs. Harold Maslow’s motivational theory explains how each stage of human need (physiological, safety, love and belonging, esteem, and self-actualization) helps presenters determine their existing concerns before selling. This is why asking them persuasive questions prompts them to talk about their personal experiences. This, in turn, gives you an idea on how to relate those motivations to your presentation.

This also involves identifying possible factors that influence their buying decisions. How you appear credible, beneficial, and unique plays an important role in your business success. Once they find you trustworthy, they’ll warm up to you and express their interest in your offer.

Don’t pursue your personal agenda without letting them do the talking first. Take time to listen to prospects so you can easily craft questions that offer solutions to their problems.

Step 2. Reiterate the main points.

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Once you’re done discovering what triggers their motivations, gather the information and organize them accordingly. Whether you’re conversing with a prospect who unexpectedly asks for your advice, or you’re pitching to a business person, condensing their thoughts in one sentence or two will help you determine their main interest.

In this phase, Browne has mentioned the importance of deeply understanding what your prospects are up to. Reiterating their ideas lets you see if they’ll agree or not. This also lets them know you were listening while they were talking. If you notice some disagreement on their end, clarify things by going back to step one – identify what motivations through substantive questions.

This will serve as your guide in meeting their expectations for a particular product or service. Don’t hesitate to provide follow-up questions that will enable you to comprehend the intended message. It would be better to complete the first two steps before going over the third one.

Step 3. Introduce your offer.

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Before you even start communicating with your prospects, they already have a question in mind: “What’s in it for me?” Addressing this will make your pitch more appealing and give you their undivided attention. More importantly, you’ll be able to successfully answer this question once you identify what their current needs are and understand their problems.

At this point in time, you’re ready to discuss what you want to sell to the customer. Do this by explaining your brand’s features and benefits in a way that appeals to their present motives. In this way, you can filter your points into something that’s beneficial to your prospects, satisfying their needs.

Since maintaining audience attention is one of your goals, include only what’s relevant to your listeners. Imagine pitching to your prospects without being aware of what they’re currently looking for. You’ll end up wasting both your time and energy, even losing people’s interest. This is why it’s vital that you know their exact expectations to effectively get your message across.

Step 4. Answer their questions.

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After you’re done explaining how your brand will benefit the prospects, anticipate responses on their part. Although some presenters look at inquiries negatively, they can become your ladder to success. Think about it: if they’re not interested or they don’t care about your offer, your audience can just easily ignore your pitch in the first place.

Objections are different from rejections. The former is common in any transaction between a prospect and a sales professional. This is where the probing strategy is most effective. When they raise a question or an objection, it could be because they didn’t fully understand your point. In this case, consider explaining your ideas in detail and focus on your main points. Doing so enables you to reiterate your message and clarify each point being discussed.

Browne states that using the listen-agree-suggest method can help you turn these objections into a “yes”. By lending your ears and listening to what they have to say, it’ll appear that you value and respect their sentiments. After hearing their side, provide your agreement and propose a better recommendation that will help them obtain what they want.

Step 5. Seal the deal.

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The fifth and final step of the selling process is closing the deal. Once you discover their motivation, clarify each idea, present your offerings, and respond to their concerns, you can proceed to a more persuasive approach in the sales process. For some, this might be one of the most difficult parts, but it can be also the most exciting. This is where you’ll summarize the entire conversation and convince the prospects to make purchasing decisions.

Aside from ending your pitch with a well-designed presentation deck and a powerful call-to-action, you can create a sense of urgency that’ll entice them to take immediate action. Discounts or promos may help in persuading people.

As much as possible, convince them to decide now rather than tomorrow. Activate their impulse factors and keep the momentum. Make the most out of your time and see how it’ll all be worth it.

One Step at a Time

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It’s no secret that not everyone will be pleased with your offerings. However, it shouldn’t be an excuse to quit trying.

Before making a sale, identify your prospect’s needs to avoid wasting both your time and effort. Remember, your job is to help your prospect meet their objectives and reach their goals through your offer.

Although sales focuses on getting higher numbers, rushing won’t help. You need to follow each step carefully to attain your goal. Try this technique and see how it can improve your pitch from this day onwards.

To craft a more direct presentation, contact our team of professional designers today and ask for a free quote!

Reference

Browne, Harry. The Secret of Selling Anything. 2008. Accessed June 21, 2016.

Improve Your Presentation with Dan Pink’s Types of Pitches (Part 1)

Pitching isn’t just about selling – at least not directly. Our daily conversations during work, and personal matters all involve communicating. We try to influence others with our opinions, sentiments, and preferences everyday.

This means that delivering a pitch involves getting your message across to your listeners.

In his book, To Sell Is Human: The Surprising Truth About Moving Others, author and speaker Daniel Pink introduced the six successors to the elevator pitch: the one-word pitch, the question pitch, the rhyming pitch, the subject line pitch, the twitter pitch, and the Pixar pitch.

These modernized types of pitches can be used by sales professionals to communicate with the audience better. This achieves a clearer, more convincing sales presentation.

In this post, we’ll cover the first three types of pitches that you can use to enhance your content.

1. The One-word Pitch

The idea of one-word pitch or “one-word equity” was conceptualized by Maurice and Charles Saatchi, founders of Saatchi & Saatchi, one of the world’s top advertising agencies. By condensing your brand in one word, it can help your audience remember what you’re planning to convey.

Nowadays, people have limited attention spans. Microsoft‘s study explains that the human attention span has declined from eight seconds to twelve in 2013. Given this limited timespan, presentations become more effective when they’re shorter.

This means every presenter’s message needs to be clear and more direct, if only because clients will have an easier time remembering your main points.

Some large firms incorporate this to their slogans to promote a more comprehensive way of presenting their brands to customers. For example, the word “search” is often associated with Google.

How to Get Started:

Pink advises presenters: “Write a 50-word pitch. Reduce it to 25 words. Then to six words. One of those remaining half-dozen is almost certainly your one-word pitch.”

Ask yourself: If there’s one word you can use to describe your brand, what is it? Identify your objectives to guide you in crafting a more focused pitch. Decide what you want your audience to remember after hearing your brand name, or after letting them visualize your marketing campaign.

This will help you come up with a powerful word that fits your desired plan. It can also instill a catchier, more memorable name you can associate with your business or brand.

2. The Question Pitch

There’s nothing more effective than questions that’ll motivate audiences to take action. Though you shouldn’t rely on this all the time, Pink’s research suggests certain questions become more persuasive when they possess a strong argument.

For example, when Ronald Reagan was running for president in 1980, he chose to ask: “Are you better off now than you were four years ago?”, instead of mentioning America’s then-current economic recession and proving his point with numbers.

Rhetorical questions like these are used to compelling the audience to resolve the point being discussed, while letting them absorb the message you want to deliver.

Probing questions are also effective when convincing your listeners to share their stories and experiences, while voicing their concerns. Asking “Does this product interest you?” is way too open-ended from “Will this product provide convenience and solution to your concern?” The latter emphasizes the benefit and convinces your prospect to consider the offer.

How to Get Started:

Pink suggests: Use this if your arguments are strong. If they’re weak, make a statement. Or better yet, find some new arguments.”

If a statement won’t work, add a question to your pitch. This will prompt your listeners to answer it silently in their minds.

When crafting your pitch, gather all the facts and resources needed, and organize relatable details or information to prioritize them. This lets you pinpoint what particular argument is more effective in a question form. It also ensures your listeners or prospects will understand the entire topic to make it more convincing.

3. The Rhyming Pitch

Pink states that “pitches that rhyme increase processing fluency.” This makes the message easier to digest and internalize.

The following example shows how rhyming and non-rhyming words differ:

  • Woes unite foes. (original rhyming version)

  • Woes unite enemies. (modified non-rhyming version)

You’ll notice that the first sentence is much more interesting to hear than the second one. Incorporating rhyming words in your speech also improves audience recall as it produces a pleasant sound when they’re pronounced.

Another example would be: “Videos can sustain what text can’t explain” has more impact than plainly saying it as “Videos can sustain text that lacks explanation.”

How to Get Started:

Pink states: Don’t rack your brain for rhymes. Go online and find a rhyming dictionary.” Use the Internet to look for a rhyming dictionary. This will help you restructure plain and simple statements into rhyming sentences.

Before applying it to your presentation, start by identifying your main points. Try out rhyming words to see if they’d work well together in one statement. You can also ask one of your colleagues for his opinion towards your pitch and give you his feedback.

Be careful not to overdo it. Choose among and focus only on the ideas relevant to your subject for greater emphasis and easier retention. This will generate more interest among your listeners and draw attention to your performance.

Conclusion

Pink’s first three techniques not only offer a new approach in making your pitch more powerful and memorable. Applying these types can guide you in presenting your ideas creatively.

Think of a word that’ll give your brand or business much exposure, and make it catchier enough to increase audience recall.

For greater impact, make sure to deliver a strong argument. Ask questions that convince them to take action. Turn simple sentences into rhyming statements to let your listeners be more attentive to what you’re conveying.

Try it yourself and you’ll be amazed by how it positively affects the way people better understand your message. Master these three approaches to allow for a better and more focused presentation that your audience will remember.

To craft a more direct presentation, contact our team of professional designers today and ask for a free quote!

References

“3 Ways to Pitch Your Idea.” Inc.com. April 11, 2013. Accessed January 19, 2016. www.inc.com/thebuildnetwork/3-ways-to-pitch-your-idea.html
Gabrielsen, Jonas, and Tanja Juul Christiansen. The Power of Speech. Copenhagen: Hans Reitzel, 2010.
“How does digital affect Canadian attention spans?” Microsoft. n.d. Accessed February 1, 2016. http://advertising.microsoft.com/en/cl/31966/how-does-digital-affect-canadian-attention-spans
Pink, Daniel H. To Sell Is Human: The Surprising Truth about Moving Others. New York: Riverhead Books, 2012.
“Practice Your 6 Pitches.” To Sell Is Human: The Surprising Truth about Moving Others, 2012. Accessed January 19, 2016. www.danpink.com/wp-content/uploads/2013/01/sixpitches.pdf
Snider, Emma. “6 Types of Sales Pitches Every Seller Should Know.” HubSpot. January 6, 2015. Accessed January 19, 2016. http://blog.hubspot.com/sales/sales-pitches-every-seller-should-know

Featured Image: “Dan Pink 1” by Ethan Beute on flickr.com

PowerPoint Presentations: Do You Really Need Them?

PowerPoint is the undisputed king of all presentation software. With about 500 million users relying on it to create their visual aids, no one can deny its dominance.

Aside from the contemporary presentation designs it offers, we need them to enhance and support our core message.

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We still get questions from some presenters, wondering if they even need slides to go with their speech. To answer this question, let’s first examine how they benefit your presentations:

All-Around Usefulness

What helps PowerPoint immensely is its inclusion in Microsoft Office.

Its similarity to Word (and even freeware Word variations) means that it’s convenient for all types of users and purposes.

This software has basic photo-manipulating capabilities, whereas animations and image placement are easy to do. It’s also made it easier to edit and layout text. With these advanced features, sharing visual information has become easier to plan for and execute.

According to tech guru, Aaron Parson, most presentations will benefit from PowerPoint’s versatility. It can be used for pitching, selling, teaching, and even entertaining. It lets you draw diagrams, assorted graphs, charts, and even basic illustrations, with possibilities for online sharing.

Notable Exceptions

While PowerPoint exhibits all-around usefulness, there are still some situations where you shouldn’t depend on it.

Motivational speeches often don’t need accompanying visual aids. They require greater focus on the presenter’s body language and facial expressions – things that projected slides could distract from.

Speeches that focus on a speaker’s personal experiences generally don’t need an accompanying deck. Better described as performances, presenters serve as their own visual aids through non-verbal communication.

PowerPoint by Default

Determine from the beginning if your presentation needs an accompanying deck. This allows you to better divide and plan your time and resources for maximizing your speech.

Knowing that you almost always need a deck to back you up, it pays to know what makes for effective PowerPoint presentations.

Conclusion

PowerPoint remains a vital tool to complement your message visually because of its convenience and ease of use.

Knowing from the beginning whether you need to include a PowerPoint deck will help you plan for it, or prepare to present without it.

Certain types of presentations lend themselves to PowerPoint decks. If you’ll be giving a speech based on personal experience, without needing to explain complicated facts, people will focus more on your facial expressions and body language. In the instances you do need to use slides, learn the various factors that determine its success or failure.

Looking for something to inspire you on PowerPoint presentations? Check out our portfolio, or contact us now for a free quote.

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References

Parson, Aaron. “5 Uses of PowerPoint.” EHow. June 2, 2015. Accessed July 6, 2015.
PowerPoint Usage and Marketshare.” Infogr.am. Accessed July 6, 2015.

Three Effective Ways to Evaluate Your Sales Presentation

Rehearsing your sales presentation prepares you for the actual delivery, but it’s only the first half of the process.

Be prepared for whatever questions your audience can ask you.

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According to Michael and George Belch, the advertising industry has its own way of evaluating pitches before suggesting it to clients. Play your own devil’s advocate to find out if your proposal will work by asking yourself three questions:

1. Is Your Solution Consistent with Your Client’s Marketing or Business Strategies?

Each company has their own way of doing business.

Some gadget distributors buy their products from reputable manufacturers. Some grocery stores give shelf space only to common goods.

See if your proposed solution is consistent with how your client sells themselves in their market and how they operate their company.

2. Is Your Sales Pitch Consistent with Your Strategy and Objectives?

Is your business presentation simple enough to show exactly what it’s supposed to?

Visuals are great selling tools, but excessively using them drowns out your message.

Using images effectively with the right words presents your message in a straightforward manner, as with the Crisis Relief’s “Liking Isn’t Helping” campaign.

In his book, Hey Whipple, ad veteran Luke Sullivan presents the following questions for presenters to think about:

Do you want to highlight the features and benefits of your product?
Do you want to pitch your product or services to solve your client’s specific problems?
Do you want to highlight your advantages over the competition?

Whatever tactic you use must be consistent with these strategies, and your slide content mustn’t overwhelm your message.

3. Is Your Sales Pitch Appropriate for the Client and Their Customers?

Whatever proposal you present will always affect your client and their customers, if they have any.

More than the products or services you present, the PowerPoint deck you use and your manner of speaking should be relevant enough for the client to relate to and not be offended.

Dated pop culture references may work, but they lose their relevance when faced with the wrong demographics.

Stay truthful, tasteful and straightforward when delivering business presentations. Give your clients a good reason to invest in you.

Staying Prepared

Anticipating your client’s questions and your audiences’ reactions gives you enough room to stay calm and composed when you deliver the actual presentation.

Being critical of your own work lets you spot possible errors before entering the conference room.

Lastly, having an extra pair of eyes to improve your work makes your business presentation the best it can be.

Take a few minutes to talk to a professional presentation partner today!

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References

Belch, George E., and Michael A. Belch. “Creative Strategy: Implementation and Evaluation.” In Advertising and Promotion: An Integrated Marketing Communications Perspective. 6th ed. Singapore: McGraw-Hill Irwin, 2003.
Sales Presentation Skills: Stay Relevant to Pitch Ideas.” pitchdeck.com, May 11, 2015. Accessed June 22, 2015.
Sullivan, L. Hey, Whipple, Squeeze This: A Guide to Creating Great Ads (3rd Ed.). Hoboken, N.J.: John Wiley & Sons, 2008.
Nudd, Tim. “The World’s Best Print Ads, 2012-13.” AdWeek. Accessed June 22, 2015.