Making The Right Offer to The Right Room

Speaking is all about opportunity

And opportunity requires a unique understanding of your audience.

In some rooms, you may want to invite participants to work with you because what they require is real-time results . In other rooms, you may be looking to have the participants join your email list. Sometimes (rarely), making an offer may not be appropriate at all. This article is all about determining what kind of offer is appropriate for each type of room.

First let’s distinguish between different types of offers you can make to an audience. Check out this list below:

  • Free Offer: A free offer is an opportunity to provide value in return for information. It requires no monetary exchange between the speaker and the audience member. There is an exchange, however – the audience member will provide their contact information in return.
  • Low-Ticket Offer: A low-ticket offer is an offer priced between $1 and $500 during your talk or as soon as you finish your talk. It is almost always paid in full when you take the credit card. It should be easy for those in the audience to purchase (in other words, it shouldn’t break the bank).
  • Mid-Range Offer: A mid-range offer is an offer priced between $500 and $5,000. It’s not as simple to purchase as a low-ticket offer, but the value of it is made clear enough during the talk for the price point to not work as an obstacle to purchasing.
  • High-Ticket Offer: A large paid offer is priced at $5,000 and above. This is of course the widest range of the ones we’re distinguishing. We’ve seen offers from the stage between $50,000 and $120,000 – it all depends on the room.

Some basic etiquette tips…

Is it your stage or are you a guest?

  • You need to know the rules of other people’s stages and play by them.
  • You need to establish rules for your own stage that you should expect others to play by.

How much time do you have?

  • Don’t take time that hasn’t been given to you and/or that you haven’t paid for.
  • By now, you know speaking is the fastest way to grow a business. You want to work inside the parameters of any opportunity so you both honor the event host and are asked back or onto others’ stages.

Again, speaking is all about opportunity, and you have to work that opportunity appropriately.

It requires listening and paying attention to the room. You have to discover what the room wants and be prepared to pivot on a dime. The people who do this most successfully are the ones who are most prepared, and it’s one of those mountains you climb that has no top.

Meaning, you can always learn and do better when it comes to speaking.

Tune in to a future blog to get more tips on speaking etiquette.

Have you ever made an offer at a speaking gig? Interested in making offers? Post your stories and questions below!

How To Turn 5 Minutes Into Thousands of Dollars

Selling during a speaking gig is a hot button topic – but let’s be real – most speaking gigs are somewhere between 5 to 20 minutes long. In five minutes, it’s hard to make an offer where people will run to the back of the room, credit card in hand, ready to spill out the content of their wallets (although that would be great, right?).

While you might struggle to have your paid offers convert in a room of potential clients, there is a way you can make thousands of dollars from just a five minute speaking gig. You’ve got to approaching this type of a talk in the right way.

Most people want to just come in, drop their knowledge, and then ask people for money. But you are not most people – and we want to make sure you don’t make this mistake.

Speak to Inspire, NOT to Sell

Take a look at the infographic – where would you place yourself on it? If you find yourself anywhere before the Speak to Profit stage, you may not be ready to be dropping paid offers every time you speak.

Speaker Evolution Infographic

Do You Speak to Inspire?

Converting in just five minutes – the art of the free offer

All good offers, whether free or paid for, follow a system. Of course there’s a difference in having people take advantage of something free versus something they pay for, but in both scenarios, you have to inspire people to take action. The action you want them to take when making a free offer is exchanging their information (email, phone number) for value you’re going to provide – that they want.

How do you turn this into thousands of dollars? You’ve got to do the follow-up work that comes with ANY speaking event. This will look different for different people, but you must follow-up and put prospective clients into the appropriate stage of your sales process in order for them to convert.

Three years ago, we spoke at an event where 78 of the 80 people in our room took advantage of our free offer. We’ve turned that speaking opportunity into over $100K to date.

How? By doing the work that all entrepreneurs must do and most fear or avoid: sales.

You can’t make any money if you don’t follow-up like a boss and have sales conversations.

Over the years we’ve really been at work on our sales process. It’s what has had us grow as rapidly as we have. If you’re going to make it as a business owner, YOU MUST design and perfect your own sales process and then actually execute it. The longer you avoid this, the more it will hurt your business.

Tune in to our blog next week where we’ll give you great tips and actionable strategies to perfect your sales process and execute it with confidence.