Learn how to effectively position your sales pitch by starting with a unique insight about the market. Understand why it's crucial to emphasize the differentiated value of your product or service. Discover the significance of starting with insight in marketing campaigns and how it leads to natural discovery conversations. Explore how the storytelling arc can be used in various marketing activities to effectively communicate a message.
Starting a sales pitch with a unique market insight differentiates us from competitors and guides the conversation towards our unique value proposition.
Starting a sales pitch without establishing the context or differentiating value can burden the customer and fail to highlight our unique insight and value.
Deep dives
Starting with Insight: Framing the Conversation
A key part of effective sales pitches is starting with a unique market insight. By framing the conversation with our point of view on the market, we differentiate ourselves from competitors. Starting with insight helps orient the prospect towards our unique value proposition, rather than just jumping into a product walkthrough. This approach allows us to guide the conversation and highlight the specific ways our product solves the customer's problem. It also provides a natural transition to have a discovery conversation and showcase our expertise. By starting with insight, we contextualize our differentiated value and establish the value proposition for the customer.
Common Pitfalls in Sales Pitch Starting Points
The podcast explores common mistakes in how companies often start their sales pitches. One common approach is jumping straight into a product walkthrough without setting the context or differentiating value. This approach puts the burden on the customer to figure out what's important and why the features matter. Another approach is using sales therapy, where the rep asks the customer to list their problems. This misses the opportunity to focus on the unique value our product offers and assumes the customer already knows their problems. Starting with the problem itself can be ineffective, as generic problem statements don't differentiate us from competitors. Lastly, leveraging trends as a starting point can backfire if it's a trend recognized by both the customer and competitors, leading to a generic pitch. These starting points often fail to establish our unique insight and value.
The Power of Starting with Insight
Starting a sales pitch with market insight ensures a strong beginning that sets us apart. By leading with our unique perspective on the market, we have a conversation that no competitor can replicate. We declare our point of view, framing the context and value of our product. Starting with insight enables a natural discovery conversation, where we understand the customer's situation and give our expert advice. It also allows us to focus on customer value by contextualizing our differentiated features under the established value pillars. By starting with insight, we engage the prospect, provide guidance, and build a powerful sales pitch around our unique market insights.
Today, I explore how to position your sales pitch storytelling arch. You’ll learn:
What people get wrong when starting their sales pitch
How not to start a sales pitch
Why you should start your sales pitch with an insight that is unique to your company
How to structure your sales pitch storytelling arch
Don’t forget you can now pre-order my next book, Sales Pitch, on Amazon! If you’ve enjoyed the content I’ve been sharing, this is the most wonderful way for you to show your support. I sincerely appreciate it!