Whether you want to admit it or not, as an entrepreneur, youâre in the business of sales. Youâre constantly selling to customers, investors, even your employees, on the idea that your company is viable and your products worthy of being purchased.
Thatâs why the book, Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff, is relevant to you.
Pitch Perfect
Klaff knows a thing or two about how to pitch. As Director of Capital Markets for investment bank Intersection Capital, heâs got a long scorecard of helping businesses raise tens of millions of dollars from investors. Heâs given and witnessed pitches. Â He has identified key strategies for helping anyone â" whether youâre raising money or just trying to win over a client â" give a more successful pitch.
Getting Into the Psyche of Your Buyer
Too many people, says Klaff, focus on talking too much about themselves, delivering endless pitches and generally ignoring what their audience wants to know.
In Pitch Anything, he talks about the âcrocodile brain,â which is the primitive part of the brain your target uses to react to your pitch initially.
The croc brain is picky and a cognitive miser. Its primary interest is survival. It doesnât like to do a lot of work and is high maintenance when it is forced to perform. It requires concrete evidence â" presented simply in black and white â" to make a decision. Minor points of differentiation donât interest it. And this is the brain to which you are pitching.
Klaff provides strategies for appealing to this croc brain using the acronym STRONG:
- Set the frame
- Tell the story
- Reveal the intrigue
- Offer the prize
- Nail the hookpoint
- Get the deal
Youâll have to read the book to learn more about each of these phases, but here are my big takeaways:
- Keep your pitch to 20 minutes. If that seems impossible, youâre overinflating your own worth to your audience. Â You should be able to succinctly explain your âbig ideaâ in 5 minutes.
- Donât dive too deeply into the technical. You want to bait your audience and get them interested. Later theyâll have questions about the details.
- Own the room. Klaff talks about framing, which essentially is having the upper hand in a given situation. If your audience is late or not paying attention, command respect. Leave if you have to.
Who Should Read this Book
If you are a startup looking for investors, this book is heavily geared for you. Iâm not seeking funding and I still learned plenty from this book.
If youâre like me and dread sales meetings and pitches, youâll gain some great strategies in this book that you can put into play immediately.