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Decoding Sales

Episode 35: The Pitch

Decoding Sales

Peter & Alex

Enterprise Sales, Business, Virtual Selling, Sales, Entrepreneurship, Software Sales

520 Ratings

🗓️ 19 June 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Peter and Alex review the elements of an effective pitch:The elevator pitch and leaning into your origin story (regardless of what VCs will tell you)What makes a compelling pitch deck and how not to bore your prospect with deckwareTeasing a demo to sell the second meetingOther episodes referenced: Episode 32: BANT and MEDDICEpisode 3: Call LeadershipLearn more about Peter's bootcamp Sales Sprint and his founder-led sales community, Zero to Hero!

Transcript

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0:00.0

Welcome to Decoding Sales, a podcast, we're an engineer. That's me, Alex, and a

0:17.7

salesperson. That's me, Peter. Talk about the art and science of sales as

0:22.3

relates to life and business.

0:24.4

In this episode we are going to cover one of the most important topics in sales,

0:28.3

which is how do you make a pitch that tells your story and breaks through in a crowded market.

0:33.3

So Peter, I'm really excited to talk about this topic today.

0:36.4

I feel like we've never actually done a pitch-focused podcast,

0:40.0

even though it's so essential.

0:41.3

So just to get started, what the heck is a pitch? What are we talking about? What does it mean?

0:46.2

I think the, okay, the pitch, there's multiple components, so let's break it down.

0:49.6

First is your elevator pitch. How do you actually show up with the first two to three

0:53.7

to four sentences of who you are and what you built? So I think that has to be

0:57.0

super snap being concise. Then for B to B sales at least there needs to be some sort of deck and the deck has to be some sort of deck.

1:04.0

And the deck has to be very engaging, collaborative,

1:06.7

and most importantly, has to allow

1:08.9

to weed out the bad fit leads to.

1:11.1

So there's a certain amount of polish and alignment that goes into the deck.

1:14.8

And then in this day and age, I do think you have to show part of the product.

1:18.7

That doesn't mean to the full demo, but you have to give just enough of a teaser to really draw in the stakeholders that are on the call with you at that moment,

1:26.0

and then to sell the second meeting.

1:28.0

Because in enterprise sales, you have multiple stakeholders and a longer sales process than if you're to do something self-serve or SMB focus.

1:36.3

So those are the high level building blocks of a pitch I would say.

...

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