An elevator pitch is how you respond to the question “So, what do you do?” But most elevator pitches don’t work. Who wants to be answered with this 60 second infomercial:
“I’m Regional Vice President of Sales for Puffery Manufacturing. We manufacture office furnishings, electronic casings and belt buckles out of recycled asbestos, so you know your dollars are going toward making a greener planet. And we have manufacturing partners across the United States and Asia, which means we can ship finished product to your warehouses faster than the competition. Here’s my card. Maybe we can set up a time to meet and talk about your office furniture or belt buckle needs.”
Fortunately, I’ve found 3 elevator pitches that actually work. They are different than the boring 60 second “talking brochure” because they are:
1. CONVERSATIONS. The goal is not to deliver your 60 second advertisement; it’s to have a two-way conversation. A successful pitch is where the other person relaxes and says “Interesting. Tell me more.”
2. SHORT. 60 seconds is a long time to talk uninterrupted. An elevator pitch is NOT a sales pitch. Think 10 seconds, not 60!
3. EVERYDAY LANGUAGE. Avoid words like “synergy”, “optimize”, “efficiency”, “ROI” and so on. These words SCREAM “sales pitch” and will have your panicked prospect looking for the exit signs.
In fact, here’s a tip: write out your pitch, then take a red pen and cross out all the cliches and marketing-speak. Replace them with one-syllable words.
The Three Best Elevator Pitches
#1 Brian Walter
Brian Walter is one of my favorite speaker coaches. And his elevator pitch method — the WOW, HOW, NOW approach — is the simplest and most fun.
1. WOW. Say something intriguing (even puzzling) that will make the other person want to hear more. A creative summary of what you do that demands some clarification. Ideally, the prospect’s reaction will be to cock their head and ask “what does that mean?”
2. HOW. Answer the stated (or unspoken) question and explain exactly what you do.
3. NOW. Shift into storytelling mode, giving a concrete example of a current customer. The key phrase is “Now, for example…”
Prospect: So, what do you do?
Me: I help build PowerPoint muscles.
Me: I teach people how to use PowerPoint more effectively in business. Now, for instance, I’m working with a global consulting firm to train all their senior consultants to give better sales presentations so they can close more business.
#2 Chris Westfall
Chris is author of The New Elevator Pitch.
1. Start with a story/humor/news/etc. Don’t launch into your company spiel. Instead, start with something you expect to hear in a conversation: humor, a story, referring to recent news. Choose something that highlights a problem you help customers solve.
2. Add an emotional benefit statement. Say “That’s what I do.” Then summarize the RESULTS you achieve for customers. It should be an emotional benefit, not a hard-headed business benefit.
3. Quantify your success. Now you add the proof of your benefit statement, using numbers if possible.
4. Use the “velvet rope close”. The velvet rope close suggests your offer is only accessible to certain types. For example, if you’re an investment advisor you might say “I normally only talk about investing in gold with my high net worth clients. But I think it might be right in your case.” Rather than closing like a hungry dog, inappropriate for a social meeting, let the prospect come to you. In your elevator pitch, the key phrase to use is “I’m not sure if I can help you, but…”
Do you remember about 10 years ago when the space shuttle Columbia was destroyed on re-entry? It turns out the engineers tried to warn NASA about the danger. But the PowerPoint slides they used were a complete mess and no-one understood the danger.
That’s what I do. I train people how to make sure their PowerPoint slides aren’t a complete disaster.
For instance, students who attend my workshop can create slides that are 50% more clear and 50% more convincing by the end of the training, based on scores students give each other before and after the workshop.
I’m not sure if my training could work at your company. It really depends how much you use PowerPoint and what’s at stake if your PowerPoint is unclear. But I’d be happy to talk to you about it.
#3 Richard Fouts
Fouts is a Gartner analyst who created the S.I.R. Framework based on storytelling principles: creating conflict, escalating the conflict and then resolving the conflict. It’s a bit too much of a monologue for my tastes, but it does feel more conversational than the “talking brochure” approach.
1. Situation (conflict). Illustrate the pain current customers face.
2. Impact (escalate conflict) – Explain the impact of that situation. How is this affecting profits, market share, customer loyalty, or anything else the prospect is concerned about losing.
3. Resolution – Explain how you solve the problem. Focus on benefits, not products and services.
You know how most business people use PowerPoint but most use it pretty poorly? Well, bad PowerPoint has all kinds of consequences – sales that don’t close, good ideas that get ignored, time wasted building slides that could have been used developing or executing strategies. My company shows businesses how to use PowerPoint to capture those sales, bring attention to those great ideas and use those wasted hours on more important projects.
Those are my top 3 recommendations for building your own elevator pitch because they are conversational, short and use everyday language. Which methods would you add to this list?
About the author: Bruce Gabrielle is author of Speaking PowerPoint: the New Language of Business, showing a 12-step method for creating clearer and more persuasive PowerPoint slides for boardroom presentations. Subscribe to this blog or join my LinkedIn group to get new posts sent to your inbox.
Links to this Post
- Speaking PowerPoint: 3 Best Elevator Pitches « Simply Presentation | July 26, 2012
- How to Pitch your idea : Ryslinge InnovationsHøjskole | November 17, 2012
- First step to a successful sale – Prospecting | The Sales Fear Factor | March 4, 2014
- How much value does your elevator pitch contain? | Perfect Executive Resumes (by Liane Angerman) | April 8, 2014
- WOW HOW NOW | International Data Management | April 9, 2014
- How to deliver an awesome business pitch to naysayers - Anthill Online | September 30, 2014
- Bergendal den 11 september 2014 | October 7, 2014
- Writing your Elevator Pitch. | Blog for "Marketing For Professional Artists" Book | November 26, 2014
- Bergendal den 11 september 2014 | Olle Bergman | November 30, 2014
- Founder Institute Week Five: Pitching | The algo-hacker physicist | April 6, 2015
- Founder Institute Week Sixteen: A Data-Driven Retrospective on This Blog | The algo-hacker physicist | June 24, 2015