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
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Transcript
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.