WEBVTT
00:00:01.947 --> 00:00:08.310
The Virtual CMO podcast is sponsored by the strategic marketing consulting services of The Five Echelon Group.
00:00:08.577 --> 00:00:22.940
If you’d like to work directly with The Five Echelon Group and receive personal coaching and support to optimize your business, enhance your marketing effectiveness and grow your revenue, visit Five Echelon.com to learn more and schedule a free consultation.
00:00:24.702 --> 00:00:26.952
Welcome to The Virtual CMO podcast.
00:00:27.193 --> 00:00:28.928
I'm your host, Eric Dickmann.
00:00:29.263 --> 00:00:41.622
In this podcast, we have conversations with marketing professionals who share the strategies, tactics, and mindset you can use to improve the effectiveness of your marketing activities and grow your business.
00:00:42.588 --> 00:00:45.829
This week, I'm excited to welcome Nick Kaposi to the podcast.
00:00:46.158 --> 00:00:51.439
Having recruited, developed and led sales teams across the globe for fortune 500 companies.
00:00:51.889 --> 00:00:59.988
Nick helps companies focus their clients' sales messaging and create unique value propositions for their sales teams.
00:01:00.529 --> 00:01:05.808
A believer in how a company presents their offering is often the overlooked piece of the puzzle.
00:01:06.019 --> 00:01:13.549
He strives to create strategy, engagement, authenticity, in all of his clients' communications and sales processes.
00:01:14.667 --> 00:01:17.486
Hey, Nick, welcome to the virtual CMO podcast.
00:01:17.516 --> 00:01:18.507
How are you today?
00:01:19.106 --> 00:01:19.826
I'm fantastic.
00:01:19.856 --> 00:01:20.697
I'm talking to you, Eric.
00:01:20.727 --> 00:01:22.016
How can I not be fantastic?
00:01:22.263 --> 00:01:29.492
I feel a little competitive today because you've got such a great voice for this, and I know you've got some experience in broadcasting.
00:01:29.793 --> 00:01:34.173
Tell the audience a little bit about your background and, and how you use that voice.
00:01:34.382 --> 00:01:34.951
Oh boy.
00:01:35.402 --> 00:01:36.572
I'll try and keep this short.
00:01:36.602 --> 00:01:39.811
So I grew up in Montreal and I knew two things as a kid.
00:01:39.841 --> 00:01:42.751
One I wanted to work in radio and the other was I hated winter.
00:01:42.871 --> 00:01:43.652
I really remember.
00:01:44.042 --> 00:01:51.091
I remember that as an eight or nine-year-old and, so I went to broadcast school in Canada and I worked in radio and TV for about five years.
00:01:51.632 --> 00:01:52.322
In Toronto.
00:01:52.382 --> 00:01:56.311
And then someone said to me, they're like, Hey, can you do that radio thing from a stage?
00:01:56.311 --> 00:01:58.111
And I said, yeah, sure, I can.
00:01:58.561 --> 00:02:01.531
And that began a 20 year career in the cruise industry.
00:02:01.981 --> 00:02:07.111
Where I would get on stage and pitch all kinds of products, in the duty-free sector.
00:02:07.111 --> 00:02:08.782
So I, it was interesting.
00:02:09.991 --> 00:02:15.241
It was still about broadcast and radio and TV, but it developed into a sales role, which is something I never expected.
00:02:15.241 --> 00:02:17.372
I thought it'd be doing play by play for the Montreal expos.
00:02:17.508 --> 00:02:18.692
I can imagine.
00:02:18.752 --> 00:02:19.442
And good thing.
00:02:19.442 --> 00:02:21.151
You're not in the cruise industry right now.
00:02:21.414 --> 00:02:25.194
Yeah, it's actually a great industry and I'll always be a cruise ship guy.
00:02:25.224 --> 00:02:29.405
I'm not sure how, everything will resolve itself, but I know they'll come back better and stronger.
00:02:29.405 --> 00:02:30.215
And I'm excited for that.
00:02:30.485 --> 00:02:32.705
Have a lot of friends and family still in the business.
00:02:32.754 --> 00:02:33.745
Positive vibes for them.
00:02:34.134 --> 00:02:38.634
So the focus of today is on your business, which is sales pitching.
00:02:38.634 --> 00:02:48.875
And this is an issue that is near and dear to my heart spent many years, working with various salespeople and in my role as a virtual CMO, helping companies developing out their messaging.
00:02:49.235 --> 00:02:57.354
When you start to engage with people, what do you see as some of the top problems that people have with their sales pitch?
00:02:58.004 --> 00:03:07.657
So I think when I look at someone's sales page, whether it's a solopreneur or, a company with hundreds of employees, there's always a few things that right off the bat, jump out at me.
00:03:07.987 --> 00:03:11.888
And typically it's is how is the presentation structured?
00:03:12.277 --> 00:03:13.418
How does the deck look?
00:03:13.538 --> 00:03:16.027
How does the deck tie into what the messaging is?
00:03:16.388 --> 00:03:20.557
And then really the most important thing is what's the story you're telling.
00:03:21.157 --> 00:03:27.877
And I think sometimes, I'll talk to a business owner who's maybe in IT or software as a service, for example.
00:03:27.877 --> 00:03:30.858
And they're like, what's the story about a software as a service?
00:03:31.337 --> 00:03:36.318
But when you dig down and find those and then really package that in a beautiful way.
00:03:36.657 --> 00:03:40.078
I think that's really the opportunity that a lot of people miss with their sales presentations.
00:03:40.828 --> 00:03:50.548
I love that because the story is so important and it seems like what most people miss oftentimes is it's not necessarily about features and functions and bullet points.
00:03:50.788 --> 00:03:54.627
It's really about an emotional connection and building trust.
00:03:54.694 --> 00:03:55.647
You see that as well.
00:03:55.647 --> 00:03:56.638
When you talk to people?
00:03:56.860 --> 00:03:57.849
Yeah, absolutely.
00:03:57.849 --> 00:04:04.014
And I think when you actually get into the presentation, this is one of the best tips I think that help people.
00:04:04.014 --> 00:04:05.965
How do you build rapport quickly?
00:04:06.534 --> 00:04:12.115
And, this is 20 years of me on a gangway on an embarkation day in Miami saying welcome aboard.
00:04:12.145 --> 00:04:12.895
Where are you from?
00:04:13.495 --> 00:04:16.468
And, it was really interesting The opportunity to build rapport.
00:04:16.497 --> 00:04:24.327
And I think if you have your LinkedIn browser constantly open and all I'm about to talk to Eric, let me his profile and see what, maybe we might have in common.
00:04:24.877 --> 00:04:35.978
And that's an opportunity that is missed people, just dive right into it because they're excited to have, a prospect and they're excited to tell their story and what they have, but taking a few minutes to really understand where someone's from.
00:04:36.728 --> 00:04:44.288
And I think the reason that became such a important piece of what I do Eric, is when I was training people in the cruise industry.
00:04:44.677 --> 00:04:46.598
They weren't Americans working on the ship.
00:04:46.658 --> 00:04:48.247
There was maybe one in a thousand.
00:04:48.247 --> 00:04:49.358
There was almost no Canadians.
00:04:49.778 --> 00:04:55.987
I was teaching people from Serbia and South Africa and Columbia, how to connect specifically with Americans.
00:04:56.648 --> 00:05:03.608
And, I, one thing I learned very quickly is that after their loved ones and themselves would Americans really like to talk about is where they're from.
00:05:03.637 --> 00:05:04.327
It's very tribal.
00:05:04.358 --> 00:05:05.257
I'm wearing my colors.
00:05:05.257 --> 00:05:08.747
I'm wearing my university of South Florida and all my Florida state Seminoles.
00:05:09.348 --> 00:05:18.937
When you start to ask people where they're from and you can build your own database of Orlando, where we could talk about this or this, or I was in Orlando and I had the best thing I've ever eaten at this restaurant.
00:05:19.418 --> 00:05:24.149
It really gives you an opportunity to quickly build rapport way faster than you think.
00:05:24.509 --> 00:05:25.588
And this is especially true.
00:05:25.588 --> 00:05:30.319
I think, as we live in the zoom world, Where, we are dealing with people from all across the country.
00:05:30.697 --> 00:05:39.487
So when we first met, one of the things that I noticed immediately about you was how you employ these techniques just in casual conversation.
00:05:39.877 --> 00:05:54.273
You use my name a lot in conversation and I think a lot of people are afraid to do that, to start using somebody's name right away, we're so concerned about what we're going to say, that we're not really doing a good job of active listening and understanding who the person is.
00:05:54.322 --> 00:05:58.403
a minute later, you can't remember who it was that you were just introduced to.
00:05:58.702 --> 00:06:07.612
So you've obviously made a very conscious effort to include something simple, like someone's name often in your conversation as a way to build rapport.
00:06:08.083 --> 00:06:10.452
that's an active tactic that you've worked on over the years.
00:06:10.788 --> 00:06:17.238
So I think a lot of the things that I actually use today, I wasn't intentional and it wasn't necessarily active tactics.
00:06:17.269 --> 00:06:25.459
It was again, just being this cruise ship guy and having 4,000 people every week that I'd have to go out and get to know to get them to maybe want to buy something from me.
00:06:25.788 --> 00:06:31.959
And, especially if, I'll give a shout out here at the Holland America cruise lines, which is which, or Holland America line, which is a fantastic cruise line.
00:06:32.408 --> 00:06:35.338
And their guests are the same guests over and over.
00:06:35.338 --> 00:06:36.374
So if I see Mrs.
00:06:36.374 --> 00:06:39.269
Smith from de Moines, Good chance in six months.
00:06:39.629 --> 00:06:41.699
See her on another Holland America line ships.
00:06:41.699 --> 00:06:47.338
for me, it's, if you want to translate that to business, I don't want to just do business with Eric today.
00:06:47.369 --> 00:06:50.069
I want to do business with Eric for 10 or 20 or 30 years.
00:06:50.119 --> 00:06:52.488
For me, it's about building those genuine relationships.
00:06:52.488 --> 00:07:09.379
And for me personally, it's how I'm wired, but there's ways I think that I've really tried to break down the technique or things that I do that I just do and maybe don't realize I do, and then structure that to help people when they're engaging people again, especially in this kind of 30 minutes zoom world that we live in now.
00:07:10.158 --> 00:07:12.199
But it is easier to remember somebody's name.
00:07:12.228 --> 00:07:17.238
If it's Eric from Orlando versus Eric or Nick from a mountain in Arizona, right?
00:07:17.298 --> 00:07:23.298
It, when you learn those things about people, you can start to build that connection and build that rapport.
00:07:23.845 --> 00:07:37.634
For me, it's the genuine interest of, I want to get to know Eric and I want understand what you're interested in, because again, it's something that, I use now every day in sales presentations, but at the time it was, I'm going to see Eric every day for the next seven days.
00:07:37.634 --> 00:07:40.704
I, and I gotta be out chatting and chatting with people.
00:07:40.704 --> 00:07:41.454
So it's perfect.
00:07:41.903 --> 00:07:44.684
But I think, It became something using someone's name.
00:07:44.713 --> 00:07:51.920
It just became a pull-up respect thing for me, but there's no doubt that it keeps the person I'm talking to more engaged.
00:07:52.168 --> 00:07:54.350
And number eight, that's always in my head.
00:07:54.620 --> 00:07:58.009
If I'm having a 30 minute conversation with you, Eric, I'm going to try to say your name.
00:07:58.062 --> 00:08:03.641
Just like anything else I'd want you to remember is really wants you to remember a key phrase in my presentation.
00:08:04.002 --> 00:08:10.242
You're going to hear that from me eight times might be worded slightly different every time, but I'll make sure that you hear at eight times.
00:08:10.992 --> 00:08:11.442
That's great.
00:08:11.471 --> 00:08:14.021
And I'd love to dig into your process a little bit more.
00:08:14.021 --> 00:08:23.942
So when a company engages with you to help build out a sales pitch, And, you start to look at some of their existing materials and see what they're doing.
00:08:24.211 --> 00:08:26.012
What's your typical process.
00:08:26.012 --> 00:08:29.341
When you first walk in the door and start to engage with a new client.
00:08:29.742 --> 00:08:30.101
The first thing.
00:08:30.672 --> 00:08:32.261
Actually look at the physical prison.
00:08:32.591 --> 00:08:34.662
And so what's the script you're working off of.
00:08:34.692 --> 00:08:36.552
What's the slide deck you're working off of.
00:08:36.942 --> 00:08:38.981
And there's really two parts to what I do.
00:08:38.981 --> 00:08:44.231
One is what's the goal presentation, and then you get your sales team to deliver it.
00:08:44.741 --> 00:08:51.511
And, when I come into, if I let's say I'm working with a solopreneur or someone who's got, maybe 10 employees or less.
00:08:51.846 --> 00:08:59.876
They oftentimes, or the operator or the technical luminaire company, but by default become the defacto head of business.
00:08:59.933 --> 00:09:01.403
which there often miscast.
00:09:01.793 --> 00:09:08.783
So how do I take someone who's out there selling their business because no one else as well as them, but they're newly shaped correctly to do it.
00:09:09.114 --> 00:09:11.813
Ake it into their words, how they speak.
00:09:11.813 --> 00:09:12.953
So I'll spend time with them.
00:09:13.644 --> 00:09:15.894
And this is one thing that I teach people all the time.
00:09:16.344 --> 00:09:19.344
When I'm writing any kind of copy or any kind of presentation.
00:09:19.913 --> 00:09:22.104
I always write it to be spoken.
00:09:22.673 --> 00:09:26.693
Whereas I find most of the world writes it's writting and to be read.
00:09:27.274 --> 00:09:29.703
So I'm going to speak differently.
00:09:29.854 --> 00:09:32.509
If it's a text that is going to be spoken.
00:09:32.839 --> 00:09:40.399
So how often do that is all actually go out and record my thoughts on the product and then take that and gather into a script.
00:09:40.889 --> 00:09:43.109
but to answer your question properly, Eric.
00:09:43.139 --> 00:09:45.928
Yeah, definitely looking at how it's, what the script is.
00:09:46.543 --> 00:09:51.224
And then once that is either been rebuilt or oftentimes, but there are occasions where I come in.
00:09:51.254 --> 00:09:52.994
I'm like, ah, that's pretty much perfect.
00:09:53.024 --> 00:09:53.984
And maybe some slight.
00:09:54.374 --> 00:10:00.224
Verbiage changes, but then when you take that and give it to your salespeople, how are they presenting it?
00:10:00.524 --> 00:10:01.693
What pace are they speaking?
00:10:01.693 --> 00:10:08.703
Cause there's a lot, oftentimes you've got to LA and she got to get through if you want to get through that part really quickly, but when something's really important Where do you pause?
00:10:09.183 --> 00:10:11.043
How do you build up to a reveal?
00:10:11.673 --> 00:10:20.224
So those are the real two key components of how I involve myself with companies when I'm with their sales presentation, then getting the team to actually go ahead and deliver it.
00:10:20.620 --> 00:10:22.961
I think that's really interesting as a podcast host.
00:10:23.321 --> 00:10:26.890
Oftentimes guests will send me an introduction to read.
00:10:27.020 --> 00:10:29.480
that just gives a short bio of their history.
00:10:29.931 --> 00:10:33.230
And I find myself when I read these things.
00:10:33.900 --> 00:10:36.691
struggling sometimes because they don't roll off the tongue.
00:10:36.750 --> 00:10:42.600
There's a lot of information that they cram and do a couple sentences, but it doesn't roll off the tongue very easily.
00:10:42.600 --> 00:10:50.341
And so I find them rewriting a lot of them because you just want to say it in a way that's more familiar, more casual, more easy to understand.
00:10:50.400 --> 00:10:56.591
So I think that's a very interesting point that you're bringing up about speaking at first and then writing it down second.
00:10:56.990 --> 00:11:03.551
I'll take it even a step further, actually posted a piece of content on my LinkedIn today about crutch words, and a lot of.
00:11:03.850 --> 00:11:08.110
How can everything be amazing or life changing or disruptive, right?
00:11:08.110 --> 00:11:08.561
It can't.
00:11:09.041 --> 00:11:14.051
So what I was actually, suggesting people do today is take one of your 30 minutes zoom conversations.
00:11:14.520 --> 00:11:18.850
Click, play in your web browser and then open up a word document and click dictate.
00:11:19.360 --> 00:11:26.947
And it's, it is a very uncomfortable experience to actually go through and realize, how many times you said amazing or it's incredible.
00:11:27.217 --> 00:11:30.618
And when you go through and change that, it allows you to be more engaging.
00:11:30.947 --> 00:11:35.597
And at the end of the day, there is nothing more important than engagement when you're presenting anything.
00:11:36.227 --> 00:11:39.947
Another thing that I think is really important, when I'm coaching people.
00:11:40.585 --> 00:11:48.187
They're so afraid of missing the key word or key phrasing that's worked for them before, let's keep talking and make sure they get everything out.
00:11:48.187 --> 00:11:51.227
And, Oh, when I sold Eric that time, I definitely said that was, I'm going to say that.
00:11:51.918 --> 00:11:53.717
So what I try to get people to do.
00:11:53.957 --> 00:11:57.197
And let's just for the sake of this conversation, talk about it a 33 minutes.
00:11:57.597 --> 00:12:03.452
Is wanting do is lay out your key points and you really want to hammer those points home.
00:12:04.023 --> 00:12:09.123
Be deliberate with them, but after you've spent two, three minutes building rapport again in a 30 minute window.
00:12:09.602 --> 00:12:18.520
You really want to only have about seven minutes of talking about what you have and what you want to do is lay the breadcrumbs for them to ask questions back to you.
00:12:18.921 --> 00:12:24.770
So I think if we go back to one of the things that you said earlier, a lot of times, the principal of a business.
00:12:24.860 --> 00:12:28.259
the founder is typically technical they're in the weeds.
00:12:28.259 --> 00:12:29.519
They love their product.
00:12:29.519 --> 00:12:41.429
There are enamored with all the things that it does so how do you pull those people back and say, you've got a, you got to ease off that and you've got to build this into more of a story that's of interest to your audience.
00:12:42.029 --> 00:12:43.200
How do you edit yourself?
00:12:43.889 --> 00:12:47.279
It comes down to, and the hardest thing for anyone to do.
00:12:47.279 --> 00:12:50.730
And I'm a guy who's not afraid of being in front of camera or getting out and just talking.
00:12:51.179 --> 00:12:56.879
But even for me, the hardest thing for me to do is sit down and watch a recording of me going and speaking.
00:12:57.309 --> 00:12:58.149
It's really difficult.
00:12:58.450 --> 00:13:02.950
And I think the opportunity that's missed, if you just want it to self-correct quickly.
00:13:03.450 --> 00:13:07.139
if I never had a conversation with Eric and you said, Nick, give me one piece of advice.
00:13:07.440 --> 00:13:12.539
I'd say, watch your meetings and just look for patterns positive or negative.
00:13:12.690 --> 00:13:14.519
And I think something else that's really interesting.
00:13:14.519 --> 00:13:16.590
Again, getting into, especially founders.
00:13:16.990 --> 00:13:18.669
Let's say you've had your business for five years.
00:13:19.149 --> 00:13:22.240
in the first two, three weeks, when everything was exciting, it's like a new relationship.
00:13:22.690 --> 00:13:26.620
You may have come up with what as your tagline that you're still using today.
00:13:27.049 --> 00:13:34.039
the reality is your business has evolved over those 60 months and there's nowhere near, like it was at the beginning, but you're still using that.
00:13:34.039 --> 00:13:35.330
And it becomes a crutch.
00:13:35.629 --> 00:13:38.779
So the first thing I always ask people is.
00:13:39.409 --> 00:13:43.159
and I'll literally pull up a timer and I'll say, okay, you got 45 seconds.
00:13:43.250 --> 00:13:44.179
Tell me what you do.
00:13:44.580 --> 00:13:46.590
One out of 50 we'll mail it.
00:13:47.159 --> 00:13:49.169
And it's not that there's a right way to do it.
00:13:49.500 --> 00:13:53.669
It's that I think people oftentimes don't know how to express.
00:13:54.090 --> 00:13:55.379
Exactly what it is.
00:13:55.379 --> 00:13:56.039
They do.
00:13:56.669 --> 00:14:08.259
And if you take a little bit time and a size, you know what the key phrase thing is, you can really increase the likelihood that someone is going to have a light bulb moment and say, Oh, that makes sense to me.
00:14:08.529 --> 00:14:08.889
Okay.
00:14:08.889 --> 00:14:09.580
That's interesting.
00:14:09.580 --> 00:14:11.169
Now I want to have a conversation with you.
00:14:11.570 --> 00:14:15.889
So do you like them to frame it in terms of how they're solving a particular problem?
00:14:16.289 --> 00:14:18.840
It really, see, and that's the rabbit hole we could go down.
00:14:19.049 --> 00:14:22.409
That's a whole other conversation because it really depends on the product.
00:14:22.460 --> 00:14:26.840
So selling software as a service is going to be a one 80 from pet food.
00:14:27.269 --> 00:14:28.110
As an example.
00:14:28.389 --> 00:14:30.850
so it really depends on, pulling out that story.
00:14:30.850 --> 00:14:33.639
And a lot of people talk about storytelling and it's very relevant.
00:14:34.179 --> 00:14:36.580
But how do you tell a story?
00:14:37.210 --> 00:14:40.149
And sell that story at the same time.
00:14:40.629 --> 00:14:43.419
And that's where you really have to look at what the business is.
00:14:43.740 --> 00:14:46.769
I worked with this great manufacturing company here in Phoenix.
00:14:47.169 --> 00:14:50.929
And, when I first started working with them, they kept telling me we're a manufacturing company.
00:14:50.929 --> 00:14:52.220
We're a manufacturing company.
00:14:52.700 --> 00:14:56.659
And when I dug in a bit more, I understood that one of the co-founders was actually an engineer.
00:14:57.379 --> 00:15:04.490
And that all the competitors engineered their products off shore and everyone tested their products off shore.
00:15:04.850 --> 00:15:07.970
And everyone project managed offshore, not this company.
00:15:07.970 --> 00:15:09.679
They did everything here in Arizona.
00:15:10.340 --> 00:15:15.139
And so I said, you're not really a manufacturing firm, cause that's just clumps you in with everyone else.
00:15:15.139 --> 00:15:16.070
That's doing the same thing.
00:15:16.070 --> 00:15:17.090
That's off shoring, everything.
00:15:17.539 --> 00:15:19.970
You're an engineering and manufacturing firm.
00:15:20.480 --> 00:15:23.419
That focuses on developing products here in America.
00:15:23.690 --> 00:15:25.669
And tests everything here in America.
00:15:26.059 --> 00:15:33.720
And then when you have a project management issue, when we've done a great job of engineering and manufacturing, something for you, and now we're actually on site installing.
00:15:34.080 --> 00:15:34.950
And you have an issue.
00:15:35.159 --> 00:15:38.399
You've got Lindsey on the phone or Mike on the phone here in Phoenix.
00:15:38.399 --> 00:15:39.870
You're not dealing with someone overseas.
00:15:40.269 --> 00:15:43.230
how do you think something that's about manufacturing and shape it?
00:15:43.570 --> 00:15:45.309
really, it was just digging into the story.
00:15:45.340 --> 00:15:49.659
Now it's something that they knew, but they just, no one had shown the light on it that way before for them.
00:15:50.059 --> 00:15:57.919
I think that's an interesting point because many businesses will default to saying that their unique differentiator is.
00:15:58.220 --> 00:16:13.830
It's price it's that our widget is 10 times better than somebody else's widget, or it comes in more colors or, we can ship it to you a day faster, but oftentimes their biggest differentiators are things just like you said that maybe it's made here in the USA.
00:16:13.889 --> 00:16:22.570
Maybe they've got a reputation for just outstanding customer service or, they can restock your shelves overnight or something like that.
00:16:22.779 --> 00:16:28.539
But many times they default the things that truly aren't differentiators that any one of their competitors could say as well.
00:16:28.940 --> 00:16:33.500
And I think it's just, we live in this kind of technobabble world where everyone's what are they doing?
00:16:33.500 --> 00:16:34.549
Let's do the same thing.
00:16:34.549 --> 00:16:36.830
And there's not a lot of innovation and creativity.
00:16:36.879 --> 00:16:38.980
And people talk to me and they say, Nick, you're in sales.
00:16:39.490 --> 00:16:42.129
I actually consider myself a creative marketer.
00:16:42.419 --> 00:16:43.559
I'm a creative person.
00:16:43.559 --> 00:16:44.309
That's what I am.
00:16:44.309 --> 00:16:45.690
I grew up in Montreal.
00:16:45.690 --> 00:16:46.529
It's a French city.
00:16:46.529 --> 00:16:48.240
We grew up with architecture and art.
00:16:48.450 --> 00:16:49.919
When I tell people that they're like, what.
00:16:50.009 --> 00:16:51.059
What are you talking about?