Practice - Deepstash
Lessons From Self Made Billionaires

Learn more about marketingandsales with this collection

The value of hard work and persistence

How to stay focused on long-term goals

How to learn from failures and setbacks

Lessons From Self Made Billionaires

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Practice

If you have a tangible product, come to your pitch with a flawless prototype.

If you decide on giving a demonstration, treat it like a performance where you have to practice until it becomes second nature.

10

81 reads

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An opportunity that can't be missed

The buyer won't find everything right, such as selling female-oriented products to male buyers. But buyers know their customers.

One determining factor is whether consumers won't be able to live without your product.

9

119 reads

Cover all your bases

You need to be aware of every unit in the warehouse, the numbers on the books, the orders coming in. You need to be ready with answers for how you intend to plan for the future.

10

109 reads

Keep it concise

A great pitch is describing your business or product within two sentences.

Buyers and investors are experts at summing up a product's potential at a quick glance. They need to know within a minute if they should part with their money or else they'll stop listening.

11

234 reads

Be exciting

When you can make a buyer laugh or engage, you are a step closer to getting a deal.

If you show confidence and energy, you can get any buyer to act.

10

94 reads

Sell yourself

An investor pays attention to how well you listen and other qualities that show that you're easy to work with.

If entrepreneurs don't listen to questions that are asked during a pitch, they won't hear you down the road, and won't be a good partner.

12

72 reads

Base it on data

Know your facts about whether the product has been or can be profitable.

If you need to regularly explain why your product is unique, you probably have a gap in your market research.

9

84 reads

CURATED FROM

CURATED BY

nivil

Patent attorney

When Lori Greiner gives a pitch to customers, she can almost guarantee that the product will sell out in a few minutes. Before you make your next pitch, look at her tips on what makes a pitch work.

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When Practice Doesn't Lead To Improvement

  • We all follow pretty much the same pattern with any skill we learn: We start off with a general idea of what we want to do, get some instruction (teacher, a book, or a website), practice until we reach an acceptable level, and then let it become automatic.Β 
  • But

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