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What is behavioral economics? Why does it matter to you?

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Podcast Episodes

What is behavioral economics? Why does it matter to you?

326. Get Noticed: Powerful Strategies for Pitching Your Business (refreshed episode)

A company’s success nowadays is so reliant upon pitching–whether you are looking to land a new client or get quoted in the media. Having a credible source say positive things about you and your company can be pivotal when it comes to whether your brand is going to be seen or not. That is exactly why this episode of The Brainy Business is dedicated to giving you some concise tips on how to use behavioral economics to pitch your brand. Pitching yourself can feel awkward, but when you understand the brain science it doesn’t have to be, especially if you follow Melina’s tips!

In this episode, Melina Palmer discusses different brain biases such as social proof, authority bias, familiarity bias, and availability bias. Availability bias gets a big focus because it is one of the most critical to pitching success. You can take advantage of it by predicting and paying attention to trends and finding a way to offer people a fresh perspective on them.

The episode closes with three key points to keep in mind when pitching: (1) keep it short (2) be happy with your language and (3) follow directions. This is just scratching the surface of what you’ll get in this episode, one of the top 10 downloaded episodes of The Brainy Business of all time. Listen now to learn how to use behavioral economics to successfully pitch yourself and your business…

In this episode:

  • Gain knowledge on crafting compelling business pitches that seize opportunities.
  • Unearth techniques to fight self-doubt, imposter syndrome, and potential slants in your business pitches.
  • Learn how to leverage social proof to boost business credibility, attracting a wider customer base.
  • Learn to spot niche perspectives and fresh ideas that attract media attention for your business.
  • Understand why it is important to plan ahead much further than you think is necessary, with tips for how to get started immediately.
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SHOW NOTES:

00:00:00 – Introduction,
Melina Palmer introduces the episode, which focuses on how to successfully pitch your business. She mentions that pitching can be uncomfortable and discusses the brain biases that often hold people back from pitching themselves.

00:03:12 – Overcoming Biases and Procrastination,
Melina acknowledges that pitching oneself can be challenging and discusses how various brain biases, such as imposter syndrome and the focusing illusion, can hinder the pitching process. She encourages listeners to focus on the positive aspects and prioritize pitching as a goal.

00:08:27 – The Importance of Pitching,
Melina explains the three main benefits of pitching the media: social proof, familiarity bias, and availability bias. She emphasizes the value of social proof and how being featured in the media can enhance credibility and trust in your brand.

00:11:50 – Availability Bias,
Melina delves into the concept of availability bias and its relevance to pitching. She provides examples, such as flood insurance and crime rates, to illustrate how frequent exposure to certain topics can skew our perception of risk and importance.

00:15:18 – The Power of a Unique Perspective,
Having a unique perspective can help you stand out in the media. By offering a fresh angle on a popular topic, you can become the go-to expert in your field. Melina shares a real world example of how a handwriting expert found success by providing insights on the signatures of Prince William and Kate Middleton before their wedding.

00:17:01 – Reporters are People Too,
Overcoming the fear of pitching reporters is crucial. They are just people doing a job and are constantly in need of content. By understanding their needs and offering valuable insights, you can become their solution and build a positive relationship with them.

00:18:35 – Finding Your Unique Perspective,
To find your unique perspective, look at upcoming events, trends, and topics in various fields. Even if it seems unrelated to your work, there may be a niche you can carve out for yourself. By thinking outside the box, you can offer valuable insights on seemingly random topics.

00:19:44 – The Importance of Personalized Pitches,
Sending generic pitches to reporters is ineffective. It’s essential to do research and understand what each writer and/or outlet covers. By personalizing your pitches and showing how your expertise aligns with their audience’s interests, you increase your chances of being featured in the media.

00:26:42 – Using Help a Reporter Out (HARO),
HARO is a free service that connects reporters with expert sources. Signing up for HARO and responding to relevant inquiries is a great way to start getting some media coverage because it isn’t a cold pitch.

00:30:10 – Tips for Pitching,
Melina summarizes her tips for pitching, emphasizing that these tips can be applied to pitching anything, not just traditional news media. She advises deciding if pitching is a main goal for your business, making a list of top outlets and reporters, and practicing looking at trending topics or events. She also encourages getting out of your own way and just starting, even if it feels scary.

00:31:42 – Pitching as an Achievable Task,
Melina reassures listeners that pitching is achievable and encourages them to realize their story’s potential. She highlights the various opportunities for pitching, whether it’s for publications, clients, promotions, or projects. Melina emphasizes the importance of taking initiative and making your own opportunities.

00:32:34 – Conclusion,
Melina’s top insights from the conversation. What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media — you’ll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn.

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