Episode 189

Unlocking Speaker Fees: Learn How to Charge $/£/€10,000+ for Your Keynote Engagements

Mastering the Art of Negotiating High Speaking Fees

Summary

In this episode of Present Influence, John discusses the journey from low speaking fees to commanding $10,000 or more per event. He shares a firsthand account of a client's successful negotiation, insights on building confidence, and tips on perfecting keynotes to justify higher fees. John emphasises the importance of flawless delivery, a compelling demo reel, and balancing entertainment with education. Tune in for practical advice on enhancing your speaking career and preparing for high-fee negotiations.

Find out how John can help you at PresentInfluence.com

Chapters

00:00 Introduction: How to Charge $10,000 for Speaking

00:44 Welcome to Present Influence

01:30 Client Success Story: Asking for Higher Fees

04:09 Key Factors for Justifying High Speaker Fees

06:26 Building Confidence and Experience

08:28 The Importance of a Demo Reel

10:23 Conclusion and Next Steps

Go to presentinfluence.com to get your copy of my guide to building authority through podcast guesting and for speaking enquiries or connect with me on LinkedIn

Thanks for listening and please give the show a 5* review if you enjoyed it.

Transcript
John:

If you're just getting started in speaking or maybe not charging much

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right now, how can you quickly rise to

charging ten thousand dollars, pounds,

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euros or more for your speaking?

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Well, this is a question that, once

answered, could be the difference

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between you struggling to get

paid as a speaker or being on the

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road to even higher speaking fees.

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Negotiations can feel tricky

until you get used to doing them.

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Asking for fees that you've never

dared to ask for before can take

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you way out of your comfort zone.

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So by the end of this episode, you'll be

ready to make the decision to be brave and

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ask for the speaker fees that you deserve.

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I'll also share with you where you

can go to get more help with this.

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Welcome to Present Influence the

show that helps coaches, speakers,

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and communication professionals

develop the skills to impact,

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influence, and inspire any audience.

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My name's John ball, keynote

coach, professional speaker,

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and your guide on the journey to

mastery level presentation skills.

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My mission is to provide professional

communicators like you with

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everything you need to maximize your

impact and present with influence.

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Follow the show on your favorite

podcast app for weekly episodes and

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interviews with influence experts

and join me on LinkedIn for the

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Present Influence weekly newsletter.

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On my solo episode last week, I talked

about the courage to be successful.

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Following on with the

conversation from from a previous

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interview with Lida Citröen.

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And this week I was inspired to talk

about how to particularly apply some

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of that in relation to your speaker

fees, having been working with

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somebody who was doing just that.

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So a previous client of

mine got in touch with me.

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Asking for some help and

advice around speaker fees.

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And we spent a little bit of time

work chatting, emailing back and

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forth, messaging on WhatsApp and there

was a simple chance to offer some

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advice and guidance on this topic.

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And as someone who had never asked for

a 10 K speaking fee before, She was

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understandably a little afraid when

she was placed in a situation of having

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an event that was interested in having

her come to speak, but not being sure

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what they would be willing to pay her.

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Now, at first, the first temptation

was to kind of play it small or just

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to see what they were prepared to pay.

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But since they were very clear that

they would like to try and meet her

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speaker fee, Then there was some

thinking to do because she hadn't

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really set a speaker fee to that kind

of level before as a keynote, someone

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who was more used to doing workshops

previously, she felt maybe she would be

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more comfortable around the five or six

thousand dollar mark for this event.

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She decided she wanted to be brave

and ask for 10k, knowing that

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that may well be rejected that the

people she was in negotiation with.

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However, there were already a lot

of good indications that they would

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have been open to negotiate whatever.

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And we worked together to discuss some of

the language that would allow her to be

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clear that she was somewhat open as well.

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Like if this was going to be beyond their

budget for the event that she would have.

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allow some flexibility

and negotiation as well.

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What happened, and please understand,

this is by no means something that was

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going to happen every single time that

you are in negotiation for a speaking

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event, but in this situation it did.

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She was brave.

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She gave them her just under 10, 000 fee

and they straight away agreed to pay that.

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Fantastic.

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Now, does that mean that

she's now a 10, 000 speaker?

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Well, yeah, kind of, but we

need to caveat that as well.

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So she's got 10k for that event.

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Hopefully that is going to give her

some confidence to be able to demand

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those kinds of fees again in the future.

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But there are some things to know

if you are on level for going to

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getting yourself to 10k as a speaker

or hopefully beyond that as well.

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That you need to be good at what you're

doing, you need to be a cut above

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the rest, you have to have confidence

in what you're delivering, you need

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to know that your keynote works.

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So you need to have delivered it a

number of times, there needs to be an

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impactful keynote, you need to have

that great balance between entertaining

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your audience and educating them,

not overpacking information into the

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keynote and making sure that you are

practiced enough in delivering this,

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that you are virtually flawless when

it comes to getting up on the stage

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and presenting it to a larger audience.

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Because if you don't have all those

things in place, and you get someone

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who agrees to pay you 10k for an event,

you may end up falling short of their

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expectations and your own for what you do.

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And I don't know about you,

but if I don't feel confident.

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that something that I'm delivering

is worth what's being paid for it, or

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that I've actually delivered it well,

I'm going to feel bad about that.

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So here's what I say, if you don't have

all those things in place, if you don't

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feel really practiced in your keynote

right now, if you don't feel that you're

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quite confident enough in it, that it's

worth 10k for a booking just at the

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moment, then I would certainly say For

anyone who's done work on their keynote,

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maybe had coaching around this, maybe been

in various program and had great guidance

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on it, done work on their delivery,

making sure there's a good level of

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entertainment and engagement in there as

well as valuable information that it's

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not overloaded with slides or anything

else that's going to put people to sleep.

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If you have all those things and you

feel confident that great go for it.

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But if you don't yet build up to it,

that doesn't mean you shouldn't be

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charging for your speaking gigs at all.

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And I say for most speakers, if you

have your keynote pretty well put

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together and reasonably well rehearsed,

and you've got most of this going

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on, probably 2000 is a good place to

be hitting for getting started now.

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If your keynote at the moment is untested,

do a few freebies, get some experience

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under your belt, get some feedback from

that and deliver your keynote to various

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people and make sure you practice it.

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Rehearsal is so important and it's one

of the things that people tend to put

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aside and I hold my hands up to this.

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I've been guilty of it too.

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that we can't afford to do that.

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Your keynote has to be flawless

to be demanding 10, 000

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upwards for you to deliver it.

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And here's the thing.

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I mean, you may want to be wanting to

look beyond 10, 000 into the future.

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Great.

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But if you're not hitting that right now,

I say that's a good target to aim for.

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Get yourself up there

as quickly as possible.

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But once you've done maybe five, six gigs

at 2, 000, maybe 3, 000 up to 5, 000.

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US dollars or pounds or euros,

whatever you want to work in.

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But I would probably keep those fees

around those sorts of figures, whichever

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currency, they're not so vastly different.

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That once you're feeling comfortable

at that sort of level, and you've got

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those things in place, you're probably

ready to make that jump to start

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asking for 10, 000 for your events.

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It is just going to take that flip

in the mindset of being brave,

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finding the courage to be successful

with this and going for it.

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That doesn't mean.

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But the first time you ask,

you're going to get a yes, or

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it's going to be agreed to in this

particular case with this client.

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Great.

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She got that.

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And that certainly

makes life a lot easier.

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She's going to feel much more confident

to answer that again in the future.

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You may not do that.

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You may not get a yes straight away.

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But that doesn't mean

that you're not ready yet.

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And it doesn't mean the person who said

no to that isn't willing to negotiate.

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They might be working with

a specific tighter budget.

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They might not yet feel that you're

demonstrating that you have everything in

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place to hit 10 K as a speaker right now.

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So you need to get those things in place.

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And that's not so hard to do.

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I'll say this as well.

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One of the things that's going to help

to create that level of confidence in

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you that they feel comfortable saying yes

to your fees, is to make sure you have

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a damn good demo reel on your website.

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So if that's something you don't have

right now, you will not want to miss

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my next episode with Cam Beaudoin,

who is a specialist in demo videos and

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is helping speakers around the to be

able to create excellent high level

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demo reels that are casting them in

a in a very professional light and

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making them really stand out as well.

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Now a demo reel isn't the only thing

that you will really need here.

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And I will say this, there's no reason

why you couldn't have 10, 15 minutes

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or even the whole of your keynote.

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on your website as well

for people to watch.

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Because this is it.

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I know some people don't want to do

that because of intellectual property.

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Maybe you're willing to put 10 15 minutes

up there, but not the whole thing.

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But the thing is, no one is

really going to steal your talk.

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And if they are, they're not

the kind of people who are

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going to work with you anyway.

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No one is going to be able

to properly use your IP.

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No one's going to be able to

deliver it the way you can.

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Imagine taking someone else's TED talk

and trying to deliver that yourself.

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It's not your talk.

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You haven't written it.

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You're not going to be able to

deliver it probably nearly as well

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as the person who did create it.

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I would say, worry less about those IP

and protection issues and focus more on

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making sure that whoever is likely to

be booking you for events can see what

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they're going to get when they book you.

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That's going to give them

all the confidence they need.

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And if they don't yet see that you're a

10k plus speaker from that information,

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then there's just some work to do.

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And if there's work to do, if your keynote

needs some improvement, if your confidence

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to be able to ask for those things or

negotiate better, it needs a bit of

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work to your mindset needs some shifts.

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Maybe you need a bit more accountability

on the presentations, maybe some more

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feedback, maybe you're struggling

to add humor and make things more

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entertaining and not to put too,

maybe you're struggling with the whole

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idea or concept as I come across many

people who do struggle with trying

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to get the information levels and

data levels right in a presentation

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so that they're not just teaching.

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This is especially for people who come

from training and workshop backgrounds.

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I know it's very hard to let go

of the inner educator to that

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degree and turn on your inner

entertainer, but it's so essential.

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So if this is something you need

help with, come and connect with

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me, either reach out to me on

LinkedIn or visit presentinfluence.

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com and get in touch

with me through the site.

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And I would love to hear from

you and we can get together,

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we can have a little chat.

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It's not going to cost you anything

except a bit of time to see how I could

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help you to develop your presentation,

your keynote, your presentation

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style, your entertainment style,

your engagement, stepping outside of

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some of the ways that we generally

hold ourselves back as presenters.

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I would love to hear and connect with you.

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Join me next week with Cam Beaudoin

for some expert insights into demo

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reels, stuff that I didn't know

and Cam has certainly changed the

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things that I say to people now

in relation to their demo videos.

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So if you want to know whether

it's better to have a bad demo

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reel or no demo reel, you're going

to find out on the next episode.

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Join me for that.

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Have an amazing weekend.

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I'll see you soon.

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Take care.

About the Podcast

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Present Influence
The podcast that helps professional communicators learn the skills that increase influence, impact and authority.

About your host

Profile picture for John Ball

John Ball

John Ball is a keynote coach and professional speaker on a mission to help upcoming leaders master their communication, create impact and stand out as experts in their field.
John left the high life of his flying career to do something more meaningful to him and has since worked with several leading personal and professional development organisations as a lead coach and trainer.
The heart of everything John does involves helping people shift to personal responsibility and conscious awareness of how they show up and perform in every situation, whilst equipping them with the tools to be exceptional.
John also co-hosts The Coaching Clinic Podcast with his great friend and colleague Angie Besignano.
He lives in the beautiful city of Valencia, Spain with his husband and often visits the UK and US for speaking and training engagements. When he's not speaking or podcasting, he's likely to be out swimming, kayaking or enjoying time with friends.

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