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picture1_Business Power Point Slides 32002 | Elevator Pitch Tips1 V2


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File: Business Power Point Slides 32002 | Elevator Pitch Tips1 V2
what is an elevator pitch a short simple description of your business idea that anyone could understand by the time you ride up three floors in a typical elevator very ...

icon picture PPT Filetype Power Point PPT | Posted on 09 Aug 2022 | 3 years ago
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       What is an Elevator Pitch?
       A short, simple description of your business idea that anyone 
   could understand by the time you ride up three floors in a 
   typical elevator.
                      Very Important Point
    •  An elevator pitch is not a sales pitch
    •  It is NOT a pitch of a great idea, team or product
    •  You ARE pitching what your business will do for customers, 
       investors, and/or society
    •  You want to pitch how your business solves a real problem or 
       addresses a burning need that exists today
  Elevator Pitch “Must Haves” and Caution
      Interesting opening:  opening much immediately grab 
      interest of recipient
      Passion:  if you are not excited about your idea, no one 
      else will be
      Short:  you only have one minute deliver your pitch
      Caution:  Do not take too long to get to the pain/problem 
      that you are solving—you could lose the listener’s 
      attention
                        Elements of the Pitch
    The following points are included in effective elevator pitches
        1.   The Hook:  pitch opening that grabs the listener's attention
        2.   Brief description of product/service
        3.   Brief target market description
        4.   Brief description of how the business is different from the competition
        5.   Brief description of how you will make money
        6.   Brief description of the resources you need from investors
        7.   Brief description of the returns/payback the investor can expect
        8.   Memorable tagline/pitch closing
                     The Hook/Pitch Opening
     •  The hook should grab the attention of the listener and set the 
        stage for the concept
     •  Many ways to do this including identifying the problem/need 
        you address
         – We help resolve the housing crisis
     •  If possible, help your listener relate to the problem
         – Questions can be effective:  Have you ever had your cell phone fail 
            inside a building?
         – Very brief personal stories can also be effective openers
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...What is an elevator pitch a short simple description of your business idea that anyone could understand by the time you ride up three floors in typical very important point not sales it great team or product are pitching will do for customers investors and society want to how solves real problem addresses burning need exists today must haves caution interesting opening much immediately grab interest recipient passion if excited about no one else be only have minute deliver take too long get pain solving lose listener s attention elements following points included effective pitches hook grabs brief service target market different from competition make money resources returns payback investor can expect memorable tagline closing should set stage concept many ways this including identifying address we help resolve housing crisis possible relate questions ever had cell phone fail inside building personal stories also openers...

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