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How To Craft A Killer Elevator Pitch
When the opportunity presents itself to tell a potential stakeholder or
investor about your business concept, you’ll only have a narrow
window of time – about the length of time it takes to ride an
elevator– to pique their interest.
Why an elevator?
Surely that isn’t the only place you
can catch the attention of a
potential investor.
Of course not.
The term simply helps remind you
that your pitch needs to be short and
to the point.
The typical elevator ride lasts between 20 and 60 seconds. That’s Fast.
But the modern attention span is actually much shorter than that.
It averages around 6 seconds.
Can you communicate what makes your business
idea special and exciting in a sound bite?
Need Help With Your Pitch?
Click here
7
These are some essential things to keep in mind as you
work to perfect your elevator pitch.
8
Preparation
Doing your research is a
must. Understanding your
industry, market and
competition is key.
Many business owners neglect this crucial step for the sole
reason that they don't want to hear any negative
feedback.
9
Know Your Audience
A great elevator pitch is
tailored to the audience. If
you have target audiences
that are vastly different, you
might want to have a unique
pitch for each.
The more you know about your
audience’s background and specific
needs, the easier it will be to build
common ground.
10
Create Excitement
Investors expect energy
and dedication from
entrepreneurs.
Make your pitch concise and
exciting, and make investors
afraid they’ll miss out on a
major opportunity.
11
Have A Hook
This is the element that
literally snags your listener's
interest and makes them
want to know more.
This is the phrase or words that strike a chord in your listener.
12
Value Proposition
Good elevator pitches will
show the value and impact
your product or services
can have on the current
market.
The more you know about your
audience’s background and
specific needs, the easier it will
be to build common ground.
13
Be Authentic
It’s IMPORTANT to be
credible.
Making outlandish statements about your
business will eventually be discovered, and
potential investors will lose faith in you.
14
Communicate Team
Qualifications
People invest in people first.
In the best pitches,
entrepreneurs sell
themselves as much as the
product or service and are
well-prepared.
It is critical that your pitch
include the unique qualifications
and insights you and your team
have and how they specifically
relate to building a sustainable
business.
15 15
Show Traction
Investors invest in momentum.
Traction is your story of
momentum. It's told through
quantified evidence of market
demand for your product.
Pick the metrics that best tell the
story of your momentum.
16
A good story is essentially this:
Someone with a problem either finds a solution or faces tragedy. Either type
of story can be used to illuminate what you do.
Tell A Story
A short story, that is.
17
After delivering an exciting elevator pitch, you’ll most likely be asked to
provide more information.
Know Your Business
You and your team should know and understand exactly
what is behind the pitch as well.
Say Thank You!
Remember that Investors’ time is
valuable and acknowledging this with
a simply thank goes a long way
BusinessPlanTemplate.com
helps entrepreneurs, business
owners and executives create
plans to grow their
organizations.
Learn more about our
Business Plan Services at
www.businessplantemplate.com

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How to Craft a Killer Elevator Pitch

  • 1. How To Craft A Killer Elevator Pitch
  • 2. When the opportunity presents itself to tell a potential stakeholder or investor about your business concept, you’ll only have a narrow window of time – about the length of time it takes to ride an elevator– to pique their interest.
  • 3. Why an elevator? Surely that isn’t the only place you can catch the attention of a potential investor. Of course not. The term simply helps remind you that your pitch needs to be short and to the point.
  • 4. The typical elevator ride lasts between 20 and 60 seconds. That’s Fast. But the modern attention span is actually much shorter than that. It averages around 6 seconds.
  • 5. Can you communicate what makes your business idea special and exciting in a sound bite?
  • 6. Need Help With Your Pitch? Click here
  • 7. 7 These are some essential things to keep in mind as you work to perfect your elevator pitch.
  • 8. 8 Preparation Doing your research is a must. Understanding your industry, market and competition is key. Many business owners neglect this crucial step for the sole reason that they don't want to hear any negative feedback.
  • 9. 9 Know Your Audience A great elevator pitch is tailored to the audience. If you have target audiences that are vastly different, you might want to have a unique pitch for each. The more you know about your audience’s background and specific needs, the easier it will be to build common ground.
  • 10. 10 Create Excitement Investors expect energy and dedication from entrepreneurs. Make your pitch concise and exciting, and make investors afraid they’ll miss out on a major opportunity.
  • 11. 11 Have A Hook This is the element that literally snags your listener's interest and makes them want to know more. This is the phrase or words that strike a chord in your listener.
  • 12. 12 Value Proposition Good elevator pitches will show the value and impact your product or services can have on the current market. The more you know about your audience’s background and specific needs, the easier it will be to build common ground.
  • 13. 13 Be Authentic It’s IMPORTANT to be credible. Making outlandish statements about your business will eventually be discovered, and potential investors will lose faith in you.
  • 14. 14 Communicate Team Qualifications People invest in people first. In the best pitches, entrepreneurs sell themselves as much as the product or service and are well-prepared. It is critical that your pitch include the unique qualifications and insights you and your team have and how they specifically relate to building a sustainable business.
  • 15. 15 15 Show Traction Investors invest in momentum. Traction is your story of momentum. It's told through quantified evidence of market demand for your product. Pick the metrics that best tell the story of your momentum.
  • 16. 16 A good story is essentially this: Someone with a problem either finds a solution or faces tragedy. Either type of story can be used to illuminate what you do. Tell A Story A short story, that is.
  • 17. 17 After delivering an exciting elevator pitch, you’ll most likely be asked to provide more information. Know Your Business You and your team should know and understand exactly what is behind the pitch as well.
  • 18. Say Thank You! Remember that Investors’ time is valuable and acknowledging this with a simply thank goes a long way
  • 19. BusinessPlanTemplate.com helps entrepreneurs, business owners and executives create plans to grow their organizations. Learn more about our Business Plan Services at www.businessplantemplate.com

Editor's Notes

  1. https://en.wikipedia.org/wiki/Elevator_pitch
  2. https://en.wikipedia.org/wiki/Elevator_pitch
  3. https://en.wikipedia.org/wiki/Elevator_pitch
  4. https://en.wikipedia.org/wiki/Elevator_pitch
  5. ROBINSON, T. M. (2011). 5 Steps to the Perfect Business Pitch. Black Enterprise, 41(11), 44.
  6. https://www.boundless.com/communications/textbooks/boundless-communications-textbook/analyzing-the-audience-7/the-importance-of-audience-analysis-37/the-benefits-of-understanding-your-audience-161-8007/ https://www.salisbury.edu/careerservices/students/Interviews/60secondElevator.html
  7. http://www.inc.com/business-insider/shark-tank-best-pitches.html http://www.businessnewsdaily.com/4034-elevator-pitch-tips.html
  8. This is the element that literally snags your listener's interest and makes them want to know more.  This is the phrase or words that strike a chord in your listener.
  9. http://www.inc.com/geoffrey-james/how-to-give-a-flawless-elevator-pitch.html
  10. http://www.inc. http://www.businessnewsdaily.com/3520-elevator-pitch-items.html#sthash.nhwtOxC2.dpufcom/business-insider/shark-tank-best-pitches.html
  11. https://www.quora.com/profile/Brendan-Baker/Posts/Startups-How-to-Communicate-Traction-to-Investors?ref=fb
  12. https://www.salisbury.edu/careerservices/students/Interviews/60secondElevator.html
  13. http://www.forbes.com/sites/chicceo/2013/02/05/how-to-create-an-elevator-pitch/