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	<title>TotalCIO &#187; ROI</title>
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		<title>Perfecting the elevator sales pitch by channeling your inner Hollywood</title>
		<link>http://itknowledgeexchange.techtarget.com/total-cio/perfecting-the-elevator-sales-pitch-by-channeling-your-inner-hollywood/</link>
		<comments>http://itknowledgeexchange.techtarget.com/total-cio/perfecting-the-elevator-sales-pitch-by-channeling-your-inner-hollywood/#comments</comments>
		<pubDate>Thu, 24 Mar 2011 18:24:25 +0000</pubDate>
		<dc:creator>Linda Tucci</dc:creator>
				<category><![CDATA[CIO]]></category>
		<category><![CDATA[CIO careers]]></category>
		<category><![CDATA[ROI]]></category>

		<guid isPermaLink="false">http://itknowledgeexchange.techtarget.com/total-cio/?p=1806</guid>
		<description><![CDATA[Why don&#8217;t a CIO&#8217;s ideas stick? Your ideas are too complex. They&#8217;re not spoken in the language of the business. They solve the wrong problem. Customers don&#8217;t see what&#8217;s in it for them. Your boss doesn&#8217;t believe they will work. You come off as a buttinsky. Your timing is off, sometimes by years. That was [...]]]></description>
				<content:encoded><![CDATA[<p>Why don&#8217;t a CIO&#8217;s ideas stick? Your ideas are too complex. They&#8217;re not spoken in the language of the business. They solve the wrong problem. Customers don&#8217;t see what&#8217;s in it for them. Your boss doesn&#8217;t believe they will work. You come off as a <a href="http://www.audioenglish.net/dictionary/buttinsky.htm" target="_blank">buttinsky</a>. Your timing is off, sometimes by years.</p>
<p>That was the CIO feedback in a workshop titled &#8220;How to sell internally without ROI&#8221; at the Gartner <a href="http://www.gartner.com/technology/summits/na/cio/" target="_blank">CIO Leadership Forum</a> in Scottsdale, Ariz., this week.</p>
<p>The session no doubt began with a trenchant analysis of why CIOs often find themselves in the position of having to sell ideas that don&#8217;t have an <a href="http://searchcio.techtarget.com/news/1516642/Calculating-ROI-on-IT-projects-is-useful-but-not-sufficient">ROI</a>. By the time I walked in, however, attendees were engaged in that staple of CIO conferences &#8212; <del datetime="00">self-flagellation</del> self-examination. This was followed by an exercise aimed at developing the perfect elevator sales pitch for executive peers and other business customers.</p>
<p>What? You&#8217;re not a salesperson, and all your constituents take the stairs? Irrelevant.</p>
<p>Developing an elevator sales pitch for your proposals, whether recited in an elevator to the people you&#8217;re trying to convince, or never delivered at all, is a useful exercise for CIOs, explained Leigh McMullen, the Gartner analyst leading the workshop and author of <a href="http://www.gartner.com/DisplayDocument?ref=clientFriendlyUrl&amp;id=1584921">&#8220;Creating Proactive Proposals That Stick.&#8221;</a> For starters, the process helps crystallize your ideas. The <em>cost of sales</em> is an important metric when you&#8217;re selling an idea or proposal, he said. CIOs have enough to do without wasting their time pitching ideas that don&#8217;t go anywhere. A good elevator pitch also forces you to think in terms of two things that don&#8217;t come naturally to many CIOs: <em>affinity</em> (as in, what you and your ideas have in common with the people you&#8217;re trying to sell to) and <em>messaging</em> (more on that in a moment).</p>
<p>So, how do you develop an elevator sales pitch that might actually get you somewhere &#8212; aside from couching it in the language of business (for example, &#8220;What if I can shorten the cash-to-close cycle to 15 days from 90 days?&#8221;), establishing trust and improving your &#8220;opportunity management&#8221; skills?</p>
<p>McMullen&#8217;s advice to CIOs is basically to channel your inner novelist &#8212; or better yet, your inner Hollywood scriptwriter. Turn your proposal into a story that will resonate with the people you&#8217;re trying to convince.</p>
<p>Without further ado, here are Leigh McMullen&#8217;s step-by-step instructions for developing proposals that stick, as well as a sample elevator pitch in which a hypothetical CIO of a major hotel chain tries to sell the idea of putting in check-in kiosks:</p>
<blockquote><p><strong>1. Good characters drive a compelling story.</strong></p>
<p>Decide who the &#8220;main characters&#8221; in the story are. These aren&#8217;t necessarily the stakeholders or influencers who are being sold to. They usually are constituents of these stakeholders.</p>
<p>The main characters in the hypothetical automated-kiosk caper are the hotel&#8217;s frequent (aka high-margin) travelers.</p>
<p><strong>2. Reveal the problem.</strong></p>
<p>Determine the problems the main characters face. What keeps them awake at night, and what is the basic problem the proposed solution is trying to solve?</p>
<p><em>&#8220;Frequent travelers are always standing in line &#8212; at the airline check-in, at security, when boarding the plane. And finally, when they get to their hotel, there&#8217;s another long line.&#8221;</em></p>
<p><strong>3. Allude to, but do not reveal the solution.</strong></p>
<p>This is often called the <em>compelling question</em>, because it causes the stakeholder to focus on the answer that the seller is about to provide.</p>
<p><em>&#8220;What if, when they got to our hotel, there were never any lines?&#8221;</em></p>
<p><strong>4. Pitch the solution, then anticipate objections.</strong></p>
<p>In one or two short, simple sentences, describe your idea and how it solves the problem of the main characters.</p>
<p><em>&#8220;If we deployed automated check-in kiosks, we could virtually eliminate customers having to wait.&#8221;</em></p>
<p><em>&#8220;Now, I know that sounds expensive, but we can more than make up for the investment by reducing front-desk staff. Additionally, we&#8217;ll actually improve customer service and perception of value, because the front-desk staff will be more available to help serve the customer rather than be occupied with mundane tasks.&#8221;</em></p></blockquote>
<p>Or you could just download <a href="http://www.imdb.com/title/tt0113161/">&#8220;Get Shorty.&#8221;</a> Not that I&#8217;m saying you or your customers have anything in common with loan sharks and petty mobsters.</p>
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