Whether you are out at an entrepreneurship conference, mingling with friends, or you just so happen to know somebody who knows somebody who’s able to help you take your company to the next level, you’ll get this question: “What do you do for a living?” Or, “what is your company about?”
This is the perfect opportunity, not to necessarily “sell” your business but to make people want to know more about you and your company. The infamous “Elevator Pitch” was created for just such an occasion.
An elevator pitch is a conversation, or an ice breaker, that will (hopefully) lead into a deeper dialogue about the functionality, and specialty, of what you and your company can offer.
In practice you typically have just 60 seconds to leave an exciting, impactful and meaningful impression with whomever you come in contact with. So make them count.
Here are 5 tips that can help you develop your pitch:
1. Make them care. People can be kind, loving and caring, but sometimes it really comes down to answering that oh-so-pivotal question: “What can you do for me?” To get to this point, introduce yourself and address a problem right out of the gate. Explain the benefits your company can offer, which is ultimately a real solution. Personalize this person’s problem into a question and give them the best solution: your company.
2. Make it easy to join. If you have worked with some big name brands already, or even the competitors of the person that you are pitching to, don’t be afraid to mention that. It shows that you have credibility and you are growing. If this person’s competition isn’t using your service or products, the question is, why not? To an investor, being able to point customers — especially high-profile ones — shows traction.
3. Leave them wanting more. Elevator pitches are meant to be short, so don’t try to pack in too much. Give just a couple of details but nothing that can be internalized as confidential. Explain your expertise, why you are best suited for the execution and a general overview. There is no non-disclosure agreements signed at the beginning of a pitch. The secret sauce should be saved for later. All you’re required to do is be able to confidently broadcast that you know exactly what you’re doing.
4. Have a call to action. You did this pitch for a reason right? No matter if you wanted to snag an investment or gain a new client or employee, let your goals be known. If you are raising money, communicate how much you want and. . . (read more)
Article by: Dwight Peters
Published at: Entrepreneur.com