Pitch Anything Free Summary by Oren Klaff
Pitch Anything Free Summary by Oren Klaff
Pitch Anything Free Summary by Oren Klaff
Pitch Anything
An Innovative Method for Presenting, Persuading, and Winning the Deal
Oren Klaff
McGraw-Hill, 2011
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Rating Qualities
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Well Structured
Concrete Examples
Recommendation
Have you ever made a pitch or presentation that offered all the facts
perfectly and countered every objection, but still fell flat after all your
efforts? Investment banker Oren Klaff suggests that how you pitch is
more important than how many pitches you throw. You can win your
audience by knowing how the human brain reacts to new information
and by learning how to control each interaction by using “frames.” With
Klaff’s pitching method, you engage each listener’s emotional “croc
brain” and keep your audience members in a state of “hot cognition”
until you win their business. getAbstract recommends Klaff’s perceptive
methods and illustrative stories to everyone who pitches and presents.
You might have logical reasons to read this, but your emotional
response is what will keep you interested.
Take-Aways
• How you present a pitch is fundamentally different from how
people receive it.
• More pitches do not necessarily mean greater sales success.
• To pitch profitably, you must keep your audience members’
attention.
• The human brain is divided into the “croc brain,” the midbrain
and the neocortex. To reach the decision making neocortex, you
must first win over the croc brain.
• The croc brain responds to information emotionally and
instinctually.
• To impress the croc brain, use the “STRONG” pitching process: “set
the frame, tell the story, reveal the intrigue, offer the prize, nail
the hookpoint and get a decision.”
• Control the pitch process and remain the dominant person in the
room.
• Higher perceived status positions you and your idea as a prize to
be won.
• Never pitch for more than 20 minutes.
• Gain and hold your audience members’ interest, make your pitch
and then withdraw.
Summary
Here’s the Pitch
Regardless of the business you’re in or the product you sell, common
wisdom holds that you must work harder to land more sales pitches
and that you will make only a couple of sales from every 100 pitches.
Thus, sales is a numbers game that depends only on effort and volume.
“ ”
“There is a fundamental disconnect between the way we
pitch anything and the way it is received by our audience.”
“
problems.
”
“Pitches are sent from the modern – and smart – part of the
brain: the neocortex. But they are received by a part of the
brain that is five million years older (and not as bright).”
When you go into a business meeting, you must first set the frame. Try
to establish a framework – a set of conditions – favorable to keeping
your audience’s interest. Your audience members have likely seen
several similar presentations. They will try to frame the meeting to get
it to end as quickly as possible without having to engage with you. In
terms of the cognitive science at work, “the stronger frame absorbs the
“
weaker,” and whoever sets the frame prevails.
”
“Deciding that you like something before you fully
understand it – that’s a hot cognition.”
For example, consider the last time a police officer pulled you over for a
minor driving infraction. The cop had a number of tools that created an
advantage over you – like sirens, lights and a uniform. As the officer
walked toward your car, you probably reacted with an elevated heart
rate and the desire to explain yourself; the cop was in charge before
even asking, “Do you know why I pulled you over?” The police officer
“
controlled the frame.
”
“Attention will be given when information novelty is high
and will drift away when information novelty is low.”
“
pursuing.
”
“To hold your target’s attention, there must be tension – a
form of low-level conflict – guiding the interaction.”
“
your audience cools and wants to move along.
”
“We notice things that have movement through space and
time because they are likely to be important.”
Finally, there is the “intrigue frame,” which is often at war with the
“analyst frame.” Remember that the croc brain governs emotion and
interest, which are “hot cognitions,” while the neocortex handles
problem solving, which involves “cold cognition.”
“
the hot cognition active.
”
“If you wish to elevate your social value in any given
situation, you can do so by redirecting people into a domain
where you are in charge.”
Accomplish this by telling a brief story in which you are the star. The
story should pose some sort of “risk, danger and uncertainty,” and a
plot that forces you to solve the problem in the story in a limited
amount of time or face serious consequences. The element of risk and
the looming threat of bad results create necessary tension. You want the
people in your audience to feel that they must know how you will solve
the problem. Their emotions remain active as they journey through the
story with you, and their analyst frames will not come into play.
“
You must have status in order to persuade and to close.
”
“Our most important messages have a surprisingly low
chance of getting through.”
“
you hold.”
”
“This is why you see presenters lose more and more of the
audience as time goes on – those who solve the puzzle drop
out.”
The Pitch
Many salespeople let a pitch go on for too long. To keep your listeners’
croc brains engaged and the hot cognition going, limit your pitch to
“
about 20 minutes.
”
“Successful prizing restores calm and poise to the social
interaction.”
“ ”
movement and change, not stability.
This technique also allows you to grab your audience’s attention, which
is crucial to maintaining control of the pitch. You need to create both
“desire and tension” in your audience, and that requires understanding
their neurochemistry. Both of these emotions are linked to the
production of dopamine and norepinephrine in the brain. Dopamine
transmits the pleasant feelings a person gets when anticipating a
reward. The brain creates norepinephrine in response to tension.
Manage the creation of these two chemicals, and you’ll have your
audience members’ attention. Then, you can deliver your secret sauce,
which is “the unfair advantage you have over others.” This sets you up
to offer the deal, which takes the least amount of time in your 20-
minute pitch. Deliver it in four steps:
Bringing It Home
Your final step is to keep your audience members in hot cognition so
they stay emotionally excited about your idea. Once they are
enthusiastic about the concept you’re offering, demonstrate your alpha
position by reinforcing your power through the frames you use, one
after the other, stacking the intrigue, prize, time and “moral authority”
frames.
The powerful moral authority frame shows up quite often in daily life.
Think of your doctor, whose approach might be “the most powerful
frame in the world.” The doctor commands all the cues that
demonstrate clout. A physician has specialized knowledge that can
mean the difference between life and death, or sickness and health. To
attain that knowledge, doctors dedicate a significant part of their lives
to education, and they earn commensurate salaries. When you
encounter your doctor, you are likely wearing a flimsy gown, while the
doc is dressed in business attire or a white coat. You accept your
physician’s recommendations almost as commands. By taking a piece of
this moral authority and applying it to your pitch, you can gain some
part of the automatic response you give doctors or others with
moral authority.
Avoid looking needy as you pitch: “It’s incredibly bad for frame control.
It erodes status. It freezes your hot cognitions. It topples your frame
stacks.” Neediness can torpedo your pitch; the croc brain sees it as a
threat and shies away just when you want it to engage. Neediness can
be hard to avoid, because it arises from the natural human tendency to
seek validation – to want feedback from your audience that says your
pitch is acceptable. Avoid closing your pitch with statements such as
“So, what do you think?” or “We can sign a deal right away if you want
us to.”
To combat neediness, use “the Tao of Steve,” a philosophy from the film
of that name, which is based on the qualities of actor Steve McQueen,
TV’s Six Million Dollar Man Steve Austin and Hawaii Five-O cop Steve
McGarrett. The heroes evince three lessons:
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