Providing context for individual investors and stakeholders is critical for their buy-in.
A simple five step business plan pitch format has five steps. When entrepreneurs have a chance to engage with targeted investors, they usually have a limited amount of time to convince those investors to consider their investment opportunity. The purpose of the business plan pitch is to capture the attention and interest of targeted investors within a very short time. A successful pitch should result in an invitation by the investor for the entrepreneur to provide more information about the business because they might want to invest in it.
Business Plan Development Guide Copyright © 2023 by Lee A. Swanson is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License , except where otherwise noted.
6 min. read
Updated April 30, 2024
For startups and entrepreneurs, a great elevator pitch is a must.
It’s the key to sparking interest in your company, raising money from investors, and networking with business partners. It’s also a handy tool to answer the question, “so what does your company do?”
To help you build the perfect elevator pitch, we’ve brought together all of the resources you need. From a guide on what to include and a free pitch deck template to advice on how to use body language to make your speech more impactful.
Read on to discover what your elevator pitch should include and how to take a pitch from “good” to “great.”
An elevator pitch is usually a short, impactful speech, but it can also be delivered as a presentation or “pitch deck.” Your pitch tells your audience what your business does, who your customers are, and summarizes your key accomplishments. The goal of an elevator pitch is to intrigue the listener, inviting further conversation or inspiring them to take action.
There are situations where a more extended version of your pitch is appropriate. This longer presentation, sometimes called a “pitch presentation,” typically lasts between 5 and 20 minutes. This extra time allows you to delve deeper into your ideas, products, or services, providing more detailed information while maintaining a clear, concise, and persuasive tone.
This format is often used in formal business situations like investor pitches, business plan presentations, or when addressing larger audiences at conferences or public speaking events.
Here are the steps you’ll need to take to create a convincing elevator pitch.
Aside from catching your audience’s interest, there are seven specific things you must address to be sure your audience understands your business.
Are you speaking too fast? Is there vital information missing? You probably wouldn’t know unless someone takes the time to review your pitch. Here’s how to approach getting feedback on your presentation.
You need to have a short and meaningful pitch. You also should be able to tailor your pitch to fit the expectations of different audiences. So, start by defining what should be in your pitch with more or less time.
If you’re presenting to investors or lenders, you’ll want a visual presentation to compliment your elevator pitch. Ideally, this deck should describe your business so well that it works without a verbal explanation.
Before you start pitching, you need to have a business plan. If investors or lenders like what you’re saying, they’ll expect you to share a plan that goes into greater detail and backs up what you’re saying.
There are many factors that go into creating a good elevator pitch. Whether you’re improving your poise, ability to tell a story, or ability to answer investor questions, we have several guides to help strengthen these specific skills.
Aside from a well-developed elevator pitch here are nine other things to elevate your presentation and set yourself apart.
We’ve covered the basic sections you need to include in your pitch. But there are other things to consider covering to convince investors that your idea is worth their time and money.
Don’t want to bomb your pitch? Be sure to avoid these costly mistakes.
Not every investor will be won over by an impressive bottom line and high growth potential. Some care more about the mission or culture of the companies they’re investing in.
Even with the most thorough preparation you’re bound to have questions you simply don’t have a good answer for. Here’s what to do when you can’t quickly present a good answer.
You may have a killer pitch, a captivating pitch deck, and a well-written business plan to back it all up—but if your posture, hand motions, and eye contact aren’t hitting the mark you may fall short.
No one knows how to craft a compelling story better than the creatives at Pixar. While their focus is on animated features that pull the heartstrings—their methods can actually help you develop a more enticing pitch.
There are numerous roadblocks to small business funding—even more-so for women who must combat a legacy of underfunding due to the predispositions of many investors. Here’s what to prepare for.
When pitching to investors you’re going to hear ‘no’ more than ‘yes’. It’s a necessary process for you to learn from. But, you can also take away some insights from the public pitches shown on Shark Tank.
You’re not always going to pitch in a formal or traditional setting. It’s important to understand the different types of pitches you may have to give, including virtual, written, and spontaneous pitches in social settings.
If you’re starting to network or rub shoulders with industry veterans there will likely be an opportunity to pitch your business. It’s not a formal setting and you need to fine-tune your pitch to fit the spontaneity.
Meetings over video calls are becoming the norm and that also applies to pitch meetings. While your overall pitch shouldn’t change that much, there are some nuances to doing things virtually that you should consider.
If you’re struggling to secure time to pitch to investors then you may be better off skipping the meeting and trying to convince them directly in their inbox.
Resources and templates to help you successfully pitch your business idea.
Free investor pitch deck template
Visualize your business pitch and wow investors with this free pitch deck template.
Download Template
Business plan template
Back up your pitch with a detailed and investor-ready business plan. Get started with our fill-in-the-blank business plan template.
Plan and pitch with a single powerful tool
Create and share your investor-ready plan, pitch, and financial forecasts with LivePlan.
Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.
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How to Give a Great Elevator Pitch (With Examples) was originally published on Forage .
Though people are complex and so much more than just their jobs, in a new social situation you’re often asked, “So, what do you do?” or “What are you majoring in?” While you probably have a stock answer ready to go (I’m in sales; I’m majoring in English), the person asking may be able to help you achieve your career goals — but they won’t know unless you’ve got an elevator pitch ready to go.
An elevator pitch is an enticing and interesting three or four-sentence summary of you. But you do more than talk about yourself. Your elevator pitch gets the listener interested in what you’re capable of.
In this guide, you’ll learn:
How to write an elevator pitch, elevator pitch examples, elevator pitch bonus tips.
Mike Gardon of CareerCloud sums up elevator pitches like this: “When meeting someone for the first time, we all get asked what we do, right? Well, an elevator pitch is how you answer that question.”
At its core, an elevator pitch is a brief synopsis of who you are and what you do (or are trying to do). It’s named so because of the idea that you’re in an elevator with the one person who can make your career dreams come true. You’ve got the length of that elevator ride (approximately 30 seconds) to convince that person to keep listening to you.
In many respects, an elevator pitch is all about you. And though it may seem strange — uncomfortable even — to talk about yourself, a well-designed elevator pitch starts with you and ends with the listener.
Gardon explains, “The elevator pitch is designed to engage the person with whom you are communicating, and get them to take some next action. Think about it like this: if you were writing an email, the elevator pitch would be the subject line plus the next couple of lines that are shown in an inbox. The purpose is to get the recipient to open the email.”
In the case of your elevator pitch, you’re attempting to spark a longer conversation (or later meeting) with someone who could potentially help you professionally.
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Your elevator pitch comes in handy when you’re looking for a job. But you’ll also use various versions of your elevator pitch in situations like:
While elevator ride times vary, the general rule of thumb is that an elevator pitch is no longer than 30 seconds, which means your pitch needs to be concise.
So, you can’t include every accomplishment from your last three jobs, just the top most recent ones. As you’re honing your pitch, write it down and limit yourself to four sentences. This will help you focus on your top highlights.
In general, an elevator pitch includes four essential elements: who you are, what you do, what’s unique about you, and what your “ask” is. Though the “meat” of your pitch likely doesn’t change often, you should prepare multiple elevator pitches that you can tailor to your situation.
For example, if you’re a student, the pitch you use at a career fair may not be the same one you use at a networking event. Likewise, if you’re changing careers, you may need to switch up what your “ask” is depending on who you talk to.
Gardon offers an example. “I wear so many different hats and am involved in different businesses. So, if I want someone to be a guest on my podcast, I might tell them how we’ve done over 400 episodes, instead of telling them that I’m a former derivatives trader.”
Also, while the below elements are crucial, they can go in almost any order. While a good elevator pitch usually begins with your name, you may find that listing your skills before your accomplishments is better for your pitch.
Your elevator pitch starts with your name, of course, but also consider throwing in a “hook” that gives the person you’re speaking with an opening to ask you questions. Here are some examples:
“I’m [your name], a recent graduate of [university] with a degree in [your degree].”
“My name is [your name] and I’m a junior at [university] majoring in [your major].”
“I’m [your name] and while I’m currently in product development, I’ve decided I want to change gears and go into graphic design.”
The second part of your elevator pitch explains what you do. However, you shouldn’t limit yourself to a job title. This is the place to mention one outstanding accomplishment from your job, internship, or even a class that will wow your listener.
Like all parts of your elevator speech, this needs to be brief, but it should also be detailed and help the listener get an idea of what you’re capable of:
“During my marketing internship at [name of company], I grew social media engagement by 43%, which resulted in an uptick in newsletter sign-ups year over year.”
“Our business is small, but that lets us have more personal interaction, which has helped us keep a small but loyal and profitable client base for 15 years.”
“After learning about the stock market, I wanted to test what I learned as well as my skills, so I created a mock portfolio that’s realized a 24% gain over the last year.”
The next section of your elevator pitch includes something unique about you. While this can include specific skills, you can also trace your career path or accomplishments to illustrate how you use your skills.
Because you only have 30 seconds, you might be tempted to list your skills or accomplishments like a grocery list. But try to link them to an outcome or something you can do.
“I enjoy analyzing data and using the results to plan my content calendar, including social media posts.”
“I worked on my college newspaper, starting on the sports beat, eventually moving my way up to chief editor.”
The first example mentions one skill (data analysis ) and two outcomes (planning the content calendar and social media posts). The second example doesn’t mention any skills but illustrates the speaker’s career path (sports beat to chief editor), demonstrating an increase in skills and responsibilities.
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The final part of your elevator pitch includes a call to action. Or, more specifically, what are you asking for?
Much like networking, you may not want to blurt out “a job!” even if that’s your desired outcome. This section is what you hope will happen, which could be a job, internship, or just a new networking connection.
“I would love to speak to you about being a potential mentor, if you have time.”
“I’d like to follow up with you about how I can get involved in and conduct summer research.”
“Can you tell me how you decided on [this] career?”
Each of these invites the listener to continue engaging with you either right now or in the future.
Finally, depending on the situation, you might want to include something memorable in your pitch. This is situation-dependent and only something you should do if you’re comfortable.
For example, the pitch on Gardon’s LinkedIn profile says, “Earned the Title ‘World Champion Funniest Person In The World (to my kids)’ 10 years running.”
Of course, not everyone can be the “Funniest Person in the World,” but your memorable moment could be your love of science fiction, who your favorite author is, or the fact that you just adopted a cat.
Here’s what all the elements look like when you put them together:
“I’m David, a rising senior at XYZ University and an education major. I spent last year student teaching at my old high school, and it was quite the experience being on the other side. I’m graduating in the spring and am looking to teach high school biology.”
“I’m Ella, and I’m currently an individual contributor at XYZ company running the social media accounts. I use Google Analytics to analyze and improve content performance, and my personal TikTok has XXX followers. I’m looking to move to a leadership role at a mid to large-size company where I can mentor others.”
“I’m Mike and I’m a sophomore at XYZ university. When I was a kid, I really wanted to communicate with animals, which is partly why I’m majoring in zoology. I’m not sure what career is best suited for me. Can you tell me how you ended up in yours?”
Once you’ve written (and rewritten) your elevator pitch, you’re almost ready to try it out. Before you do, though, ensure your delivery is memorable — for the right reasons!
An elevator pitch is useful in all sorts of professional (and even personal!) situations. By taking stock of what you do and what you want to do, you’ll find the perfect elements to include in yours and impress the next person you pitch it to.
Want more insights into creating the perfect pitch? Check out Ashurst’s Building Your Personal Brand Virtual Experience Program .
Image credit: Canva
The post How to Give a Great Elevator Pitch (With Examples) appeared first on Forage .
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Telling other people what you do and why it’s important isn’t always easy, especially when you’re pressed for time.
An effective elevator pitch can help.
An elevator pitch is a brief, persuasive speech that you use to spark interest in what your small business does. You can also use your pitch to foster interest in a project, idea, or in yourself.
Whether it’s during a chance encounter at the coffee shop, a formal business meeting, or a big networking event, delivering a perfectly crafted elevator pitch sets you apart from the competition.
Without an elevator pitch, you run the risk of missing out on opportunities to build your network and promote your business.
Here are the essential parts of a strong elevator pitch, along with tips and tricks to make your speech stand out from the crowd.
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When crafting your perfect elevator pitch, there are a few rules you should keep in mind.
Any shorter and you won’t convey enough information. Any longer and you run the risk of bogging down your audience, losing their attention or getting interrupted. Aim for a written paragraph of about 150 to 250 words and an unrushed speaking time between 30 and 60 seconds.
Choose clear, concise language and keep it jargon-free. You don’t want your listener to get lost in heavy wording, and a lot of people find industry jargon off-putting (even if it’s their own industry).
Your pitch should be powerful and illustrative. You’re trying to hook your audience in without alienating them, so make sure your passion for your work shines through.
There’s a delicate balance here: While you do want to highlight your skills and abilities, you also want your listener to be aware of how this information could be useful for them .
Don’t just say “I write marketing copy.” Say something like, “I write marketing copy to promote products and services similar to the ones you offer .”
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Now that you know the basics, follow these steps to construct an elevator pitch that stands out and delivers the right information the right way.
Keep in mind that you won’t get it perfect the first time — in fact, you should write a couple of versions and revise them over time.
Before you start, decide who your audience is and determine what you want them to take away from your conversation.
Are you speaking to a potential client interested in your company’s services? Or will you be interacting with potential investors at a networking event?
Decide on your audience and purpose, and then keep this in mind as you write your pitch. You might even write a few versions so that you can whip out the right one at the right time. Just think about your audience as you follow these steps.
Start with a sentence about who you are, what you do and where you currently do it. This doesn’t have to be anything fancy — just state the facts. You’ll build from here.
In two or three sentences, explain what you do in more detail — and how you do it better than anyone else. What makes your business unique in the industry? What can you do for this person that no one else can do? Which top achievements are you most proud of?
Brag on yourself a little, but be sure to stick to the achievements that will service your listener — don’t brag just to brag.
Here’s where your elevator pitch really needs to be specifically tailored and targeted. At the end of the 60 seconds, your listener should know exactly what it is you hope to gain from this conversation. Are you looking to gain clients? Are you looking to expand your network? Are you looking for a potential investor or a business partner?
While you don’t want to be so direct that you make the listener uncomfortable by begging, “ Please, please, give me a job ,” you also don’t want them to walk away from the conversation wondering, “What was that all about?” Dancing around the point will only leave your listener frustrated, so be direct.
End your pitch with an action plan. Let them know what you want to happen next.
Whether you want to schedule a meeting over coffee or simply exchange business cards and keep in touch, be sure to make your intentions clear and let them know what they can expect from you.
If you have the time during your brief encounter, be sure to ask them about what they do, too, to make the conversation feel more like a two-way street and less like a stuffy sales pitch. Plus, hearing their statement may help you further identify any potential needs you can fill.
Once you have a draft you’re satisfied with, stand in front of a mirror (or a friend) and practice saying it out loud. You want it to sound natural, not like you just spent six hours rehearsing in your bathroom (even though you did).
A confident and friendly voice will signal to your listener that you’re open to continuing the conversation.
Also, remember that your body language often says more in seconds than words can say in hours. Make sure your body language is on par with the version of yourself you’re trying to present — eye contact and a firm handshake are key!
Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder. She focuses on retirement, Medicare, investing and life insurance.
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Home > Business Plan > Elevator Pitch for your Business Plan
…we have this idea…
The elevator pitch gives the investor a framework for the rest of the business plan, encourages them to read on giving you a chance to tell the rest of the story, and hopefully leads to a meeting.
The ideal elevator pitch needs to deal with and answer the following questions:
The elevator pitch sets the framework for the rest of the business plan. Although it should be possible to draft an initial version before completing the business plan, it is important to review the pitch following completion, to ensure that they are consistent with each other.
This is part of the financial projections and Contents of a Business Plan Guide a series of posts on what each section of a simple business plan should include. The next post in this series is the management team .
Chartered accountant Michael Brown is the founder and CEO of Plan Projections. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.
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Quick: Tell me what your business does in under a minute and a half. Can you do it? Probably not—for one of two reasons. First, we can’t hear you. And second, you may not have nailed down your entrepreneur elevator pitch yet.
Concisely articulating your business idea or business is hard. It takes significant practice, know-how, and tweaking. Read on to learn more about the elevator pitch in entrepreneurship.
An entrepreneur elevator pitch is a short speech (generally less than a minute) detailing a business idea or existing business. The point of an elevator pitch in entrepreneurship is to hook investors in the time it takes to ride an elevator. Business owners use elevator pitches to market their company.
So, how much could you say in a typical elevator ride? Depending on what floor you’re going to, not much. That’s why it’s important to have a strong opening and dive right into the point in an elevator pitch.
If you’re riding an elevator with a potential investor, what would you need to say to get them interested in your business? What could you say that would make them want to learn more, and possibly invest, in your company?
Think of your elevator pitch as a (very) short company description for a business plan . Give a brief overview of what your business does, why it’s unique, and why it matters.
Keep it short and simple. An elevator pitch shouldn’t be a long-drawn-out spiel. Instead, it should be clear and concise and leave your audience wanting to contact you for more information.
Effectively, your elevator pitch is a marketing and sales pitch. Elevator pitches can differ, but there are some main parts they should all have in common.
An entrepreneur elevator pitch typically includes:
Take a look at the following five tips to help you craft and deliver a successful entrepreneur elevator pitch.
Don’t go blindly into your elevator pitch with nothing more than the knowledge of what your business offers or is going to offer. You need to be able to share information about your target customers and competitors.
And to do that, you need to do your research ahead of time. If you haven’t already, conduct a market analysis to learn more about your industry, competitors, and customers.
Find out about your industry’s current state and its projected growth. Is it a strong industry that’s growing? What kind of potential does your business have in the industry?
Next, move onto the customers your business is targeting. Who are they? Research details like their age, income, gender, location, and occupation. Determine how much they would be willing to pay for what your business is offering, how frequently they need your offerings, and how your offerings fill a need.
Your competitor research should analyze their strengths and weaknesses. What are they doing well at? Where are some opportunities they’ve missed? Analyzing your competitors can help you to find and articulate your business’s unique value proposition.
After you do your market analysis, you likely report your findings in your small business plan . There are a number of sections in your plan, including your company description.
An elevator pitch is a condensed version of a company description. So, let’s go over the parts of the description.
A company description should include your business name, goals, target customers, products or services, competitive advantages, mission statement, and business location and structure.
You won’t be able to cover all of that in a short, minute-long speech. But, you can use it as a baseline for coming up with your pitch. Shrink it down, prioritize the information in your description, and get to drafting your elevator pitch.
Flowery language is hard to avoid. And more often than not, it’s probably found its way into your first elevator pitch draft.
The best way to get your elevator pitch down to a concise speech is to make a few drafts. Write it out, read it out loud, and cut out any filler words.
Remove the things that don’t matter. Sure, some things might make you and your business look good, but does it belong in your initial pitch? Will it convince a potential investor to want to talk more? If not, cut it out.
Remember that your elevator pitch isn’t the only contact you’ll have with the person you’re talking to. It’s the first contact—the one that’s meant to reel them in. You can mention things you’ve cut from your first draft at a later time.
Practice makes perfect. If you don’t practice your elevator pitch before delivering it to a potential investor, you may get tripped up or ramble.
Once you’ve settled on your final elevator pitch, practice it out loud. Work on your inflection and ability to engage your audience. Time yourself. Eventually, with enough practice, memorizing your elevator pitch will become easy. And when you have your pitch down pat, you can focus on channeling your passion into it.
Practice on your family or friends and get their thoughts. Again, time yourself. Your speech duration might be different between when you’re talking aloud to yourself and when you’re actually speaking to people.
Elevator pitches should end with an overview of the next steps. Most culminate with the speaker giving their entrepreneur business card to the person or people they’re talking with.
So, if you want your audience to be able to contact you post-pitch, you need to first create some business cards—and remember to carry them around.
Your business card should have your name and position, as well as your company name. Don’t forget to include pertinent information like your business website, phone number, and email address.
Once you talk in-depth with potential investors about your business, you need the records to back up your claims. That’s where your accounting books come in. Manage your books with Patriot’s accounting software . Start your free trial now!
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Several variations on a business plan might be relevant to you and your specific business needs. There are several varieties of business plan outputs. The lean plan, the traditional plan, summaries, pitches, and so forth. Obviously, if you don’t need it, don’t do it ; but here are some variations that come up often:
There are also some common variations on these main themes. For example, some people recommend a “one-page business plan,” which is really a variation on the executive summary. And there is a variation on the pitch presentation that is effectively a wordy slide deck. This one can stand alone, to be read. I prefer to call a “leave-behind,” or “leave-behind slide deck,” or “summary deck.”
Don’t think a pitch presentation or summary deck can replace a business plan. This idea stems from the Lean Startup rejection of the “elaborate” business plan. Furthermore, it has become cool for successful entrepreneurs to claim they didn’t start with a business plan. And also some investors like to claim they don’t read them. It’s like it’s cool for successful people to claim later that they never studied in school – whether that’s true or not. But even the lean startup authors agree that all businesses need strategy, tactics, milestones, priorities, and sales and expense and cash flow projections. And pitches and summaries should be business plan outputs, not replacements.
Important: A lean plan alone might well be enough, without the full elaborate plan, to serve a business plan event, especially when it is communicated along with a good summary and good pitch deck. Tweet
The most serious problem with using only a pitch instead of a plan happens, ironically, if the pitch is successful. Interested investors will almost always respond to a pitch with additional questions, and they are disappointed and discouraged when the entrepreneurs can’t answer those questions in depth, with projections, from the context of a real business plan. However, for this use, the simple lean business plan may be enough.
However, it is also true that sometimes, for entrepreneurs they know and trust, investors will fund a startup that doesn’t have a formal business plan. I’ve had real experience with this, from close up. Also, professional investors will invest in ongoing high-growth companies based on formal financial statements and demonstrable traction, plus team credibility, without requiring a formal business plan. Furthermore, investors quite frequently reject a deal without ever reading a business plan, just from a summary or pitch presentation. The business plan becomes important for deals the investors like, especially during the due diligence process. Here too, however, the simple leans business plan may be enough to meet the need.
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By Joe Weller | October 17, 2022
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Students, professionals, and entrepreneurs should always have a personalized elevator pitch they can deliver at a moment’s notice. With help from experts, we’ve created a guide to developing, writing, and delivering an effective elevator pitch.
Included on this page, you’ll find expert opinions on elevator pitch length and a step-by-step guide to writing an elevator pitch . Learn from our useful elevator pitch examples , and get tips from professionals on delivering your pitch . Also, download a free elevator pitch brainstorming guide , a basic elevator pitch template , a cheat sheet for reading listener cues , and more.
An elevator pitch , or elevator speech , is a short summary of a product, person, or company. A good elevator pitch is usually between 30 and 60 seconds long. Elevator pitches should be well-rehearsed, clear, and persuasive.
Appropriate in any networking scenario, formal or informal, the elevator pitch is the answer to the tricky “tell me about yourself” or “tell me about your company” question. A strong elevator pitch will demonstrate professional aptitude, grab attention, and convey information quickly, clearly, and memorably.
“A good elevator pitch will align a person emotionally and intellectually with your product and brand,” says Morgan Roth, Chief Communication Strategy Officer at EveryLife Foundation for Rare Diseases . “People need to feel good, smart, and safe about their investment of time, money, or other resources before they commit to calls to action. Your pitch puts your value-add on the radar and invites conversation with the potential for a relationship.”
Here is an example of a basic elevator pitch for a software company:
ATS (applicant tracking software) reduces time people spend on hiring by about 20 percent. But these systems also throw away thousands of qualified resumes daily. Our team at Hiring Help has designed an ATS with the fewest formatting restrictions of any option on the market. Hiring Help software keeps hiring times low but discovers 30 percent more qualified resumes than the leading ATS, providing our users the best access to top talent.
An elevator pitch should last no longer than a short elevator ride. Usually this time is between 30 and 60 seconds, or 50 and 200 words. Some experts suggest writing elevator pitches that are as short as 15 seconds.
Most experts recommend erring on the shorter side. “Keep the pitch short — within seconds, not minutes,” says Roth. “Thirty seconds is the max because of our overworked attention spans. That said, have your next steps ready. What are you prepared to do and say if the prospect asks for a prospectus or a meeting? What if they have questions about you at the ready? Have a plan to follow up in the moment or the following day.”
Shorter elevator pitches are best for casual networking events or chance encounters, where your primary goal is to spark interest and open the possibility of a continued relationship. Elevator pitches might go longer, about 45 to 60 seconds, in scenarios such as job interviews or career fairs. In these situations, you have a platform to speak, and the person listening might want more specific, detailed information.
Remember that no matter the case, an elevator pitch should never exceed a minute in length. A good elevator pitch should open up the possibility of longer, more substantial conversations and professional relationships down the line.
Use an elevator pitch when you want to create a professional connection. Have your pitch ready for interviews, semi-formal chats, or career fairs. Break it out to spark interest, get across key points, and ask to stay connected.
“I love using the elevator pitch when working a room — say, at an industry conference,” says Justin Kitagawa, Senior Director of Revenue Operations at MixMode . “You’re there meeting new people, and you want to make a strong impression quickly and find out if it makes sense to continue the conversation later.”
Roth suggests having your elevator pitch ready, even if you don’t have a specific networking event in mind. “Certainly, an elevator speech is a great tool to use at networking events, but a well-practiced pitch is also great for those unplanned encounters when you run into someone, say, on an elevator,” she says. “You may not have planned or expected it, but here is that person you’ve been reading about who has some promising connection to your product or cause, and they are a captive audience for some period of time!”
Finally, Roth stresses the importance of following up after you’ve made a connection. “Don’t assume that your pitch will establish or secure a relationship on the spot,” she cautions. “Your elevator pitch is an introduction meant to generate interest and imagination about possibilities. It represents the start of a cultivation process that can take weeks, months, or even years to mature. You still have to steward the relationship and fan the flames of interest strategically and with sensitivity.”
When writing an elevator pitch, start with who you are, what you do, how you do it, and why you are unique. Pare down those details. Structure your pitch with an intro, relevant experience, goals, the solution, and your plan.
Learn how to write an elevator pitch about yourself, your company, or your product with this step-by-step guide.
The first step to crafting an elevator pitch is to brainstorm some ideas. Think about all the ways you or your product add value.
Devin Schumacher, Co-Founder of SERP , recommends answering several key questions as you brainstorm your pitch: “Who are you talking to? What are their pain points? What are the results they want? What is your solution? When it’s time to write your pitch, you need to answer those questions clearly and simply.”
Use these questions as a starting point in your brainstorming process to ensure you cover all your bases:
Once you’ve finished brainstorming, it’s time to pare down your pitch. Effective elevator pitches are concise. Look through all your points, and select a few key details that you think will have the most impact.
“Your first order of business is to determine the one takeaway you want your prospect to take in,” explains Roth. “If he or she really hears you on one point only, what do you need that point to be?”
Finally, it’s time to write your pitch. Keep the pitch short, usually between 50-120 words. Longer elevator pitches should never exceed 200 words.
Begin your pitch with an attention-grabbing detail. This opener might be a surprising statistic, a pain point that your audience can relate to, or a thought-provoking question. From there, be sure to include the following five components in your pitch:
Use this reference guide to make sure you remember all the key components of a successful elevator pitch:
Tip: When writing your pitch, Kitagawa recommends talking through it aloud. “I prefer to talk through my pitch rather than write it out. If you can do this live with another person, even better. Writing them out tends to be a bit more one-sided and can leave you sounding like you’re reading off a marketing campaign,” he adds.
Download Elevator Pitch Starter Kit
Use this free starter kit to help you get started writing your elevator pitch. This kit includes templates for a basic elevator pitch and an elevator pitch deck. In addition, you’ll find an elevator pitch cheat sheet, which includes a guide to reading listener cues, brainstorming ideas, and the key components of an elevator pitch, all in one comprehensive document. Finally, consult the list of correct elevator pitch examples to help guide you as you create your own.
In this kit, you’ll find:
For more free resources to help you craft an elevator pitch, including templates that have been pre-filled with sample text, see this comprehensive collection of downloadable elevator pitch templates .
Most experts recommend keeping your elevator pitch under 30 seconds. This translates to between 80 and 120 words. Be sure to include the five key parts: introduction, background, goals, solution, and plan.
Here are some examples of each of the elevator pitch components:
Opt for longer elevator pitches when you have a captive audience. A 60-second elevator pitch should be around 200 words and use the same components as a shorter pitch. In the extra time, add attention-grabbing details to prompt a dialogue.
“I would typically start with the 30-second pitch, and then be prepared to go into additional detail in the area where the person you are talking to expresses interest or asks a question. It’s all about matching up with their interests and potential needs,” advises Kitagawa.
“If you have the benefit of a full 60 seconds to make a case and an invitation to keep speaking, be prepared to show that you’ve done your research,” suggests Roth. “Connect your organization’s mission or product to your prospect’s specific needs, interests, or passion.”
If you have 60 seconds for your pitch, you can add the following on top of the basic elevator pitch components:
An elevator pitch needs to be engaging and informative. Speak slowly and clearly, and avoid confusing jargon. Practice saying your pitch ahead of time so that you feel confident and prepared during delivery.
Given the short timespan available, it can be tempting to rush and cram in as much detail as possible. However, this is counterproductive. Speak slowly so that your listener can follow along and ask questions as they arise.
Roth stresses the importance of practicing, and practicing often. “An elevator speech should be articulated fluently and effortlessly and, whenever possible, in the vernacular of your audience,” she stresses.
Here are some simple ways to make the most of practicing your elevator pitch:
Kitagawa also recommends keeping your pitch conversational. If it feels one-sided, it’s possible you aren’t engaging your audience. “I recommend everyone drop the 30 seconds of you talking,” he advises. “Instead, use a question. Why? Because talking doesn’t sell. Listening does. If you’re the one doing all the talking, you’ll often miss the opportunity to learn how you can help that person.”
When giving an elevator pitch, avoid rambling, using jargon, or ignoring your audience. Elevator pitches should be conversational, concise, and friendly. You can avoid most pitfalls by practicing your pitch often.
Here are some elevator pitch don’ts to keep in mind:
Paying attention to your audience can provide vital feedback. Look out for signs such as eye contact and relaxed posture. These signs indicate that your audience is engaging with you. If you notice negative cues such as fidgeting and frowning, have some plans in place to get back on track.
“Imagine meeting someone who interests you romantically,” Roth suggests. “You want to make a memorable introduction and establish what you have in common. But you’re still steps away from asking for a date, let alone proposing marriage. Just like in the dating world, how someone responds to your elevator pitch will signal whether you should stand down, move forward, or move on.”
Look for positive cues as signs that your audience is receiving your pitch well. These cues include eye contact, commentary, and friendly, open body language. “The best cue your pitch is working is when the person you’re talking to starts asking questions. That’s a good sign they’re interested in learning more,” says Kitagawa.
If your pitch isn’t going well, your audience is likely to reveal their disinterest in body language and actions. Lack of eye contact, fidgeting, and frowning are signs that your pitch isn’t establishing the connection you want.
The easiest way to save a pitch is to encourage listener engagement with questions. “If you’re picking up on negative cues, the best thing to do is to ask a question, and then really, genuinely listen to what they have to say,” advises Kitagawa. “This gives the person a chance to explain what they’re thinking, and you a chance to course-correct to get back to how you can help them.”
Refer to the following cheat sheet for a quick overview of the positive and negative cues to look for, as well as some strategies for turning around a pitch that isn’t going well.
We’ve compiled a useful list of correct and incorrect elevator pitch examples for three different encounters: an informational interview, a career fair, and a new business pitch. Use these examples to spark ideas for your own pitch.
Here are some example elevator pitch scripts:
For a more comprehensive list, including elevator pitch examples by industry, see this collection of elevator pitch examples .
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Business tips
There's a trope in late '90s movies where a motivated, ambitious main character does everything they can to get on the same elevator ride as the CEO of some powerful company.
It usually ends the same way. Our protagonist makes a nervous, fast-paced speech that the CEO ignores while repeatedly pressing the elevator button, and we get a five-second scene with sad music of our main character watching them walk away.
That nervous, fast-paced speech is an elevator pitch example—a bad one, because otherwise, those movies would be nine minutes long and uninspiring. In the real world, an elevator pitch can make a powerful impression and pave the way for business ventures, employment opportunities, and networking. It won't get you a corner office and a fancy title one week into your new job, but it can be an important step in the right direction.
To highlight that difference—and to really dismantle "The Pursuit of Happyness" as a plot—I've put together some elevator pitch examples and a guide on how to write one that actually works.
Table of contents:
An elevator pitch is a concise speech in which you introduce yourself and a few key points about what you're pitching, whether it's to acquire investors, promote a product, advertise a business, or even sell yourself as a potential employee. If it takes longer than a minute to get the point across, it's getting too long.
You're not trying to convey your entire business strategy or all your selling points. Your goal here is to raise interest, make a connection, and facilitate an opportunity for business in the future.
Let's say you're in the fintech industry and are attending a networking event full of bank representatives and decision-makers. Instead of spending an hour going through your company's history and how it's aiming to be carbon-neutral by 2157, you'd find more success introducing it concisely, pointing out one or two key features and how they could serve your audience's interests.
The pitch begins with a hook to draw your audience in, veers into the value you offer, provides some proof to support your statement, and wraps it all up with a display of what makes you different.
It's relatively easy to incorporate these elements into a short pitch. The difficulty lies in choosing a good hook and phrasing your proposition in a way that appeals to the other side of the conversation.
The hook: This element doesn't need to be fancy or complicated. Make it simple and get straight to the point. For example, if you're pitching a time management tool, your hook can be a personal story like: "When I first started my business, it felt like there was too much to do and not enough time to do it." It can also be a statistic. If you're pitching an online collaboration tool, your hook can be something like: "73% of all teams will have remote workers by 2028."
The evidence: The person you're talking to may be nodding, but that doesn't necessarily mean your point is getting across. Some proof of past success or stats that speak to your success could make that nodding a lot more genuine.
The differentiator: Let them know that you're different—that your product or service isn't just another iteration of what came before. You get brownie points for originality and not quoting any movies.
I rewatched "The Pursuit of Happyness" to see if there was anything I could salvage, but all I walked away with was frustration at the misleading lesson that passion can overcome anything. Passion cannot, in fact, overcome a busy decision-maker who can't wait for you to stop talking.
If you're at all like me, you'll find the following examples a much better use of your time.
Everyone's got ideas for [shared goal] . But ideas aren't enough.
We took [shared goal] and turned it into a reality.
We developed [solution] at [company name] that's [list of qualities] . We made it possible for [target audience] to [shared goal] .
What sets us apart is our [differentiator, followed by brief overview] .
If you're passionate about [high-level goal] and interested in [benefit of collaborating with you] , let's connect.
This elevator pitch example demonstrates how to approach potential business partners and investors with a clean energy project. The hook is simple. It leans on the issue and the harsh reality of how little the world does to achieve utopian sustainability. Then it introduces the solution as the company's proactive effort to change the status quo. It pitches efficiency, reduced costs, and access to a larger customer base. Finally, it addresses how ease of use sets the solution apart from the competition and invites further collaboration.
This example is ideal for startups in that it focuses more on the product, what makes it unique, and the features that set it apart, rather than the company's past achievements, success stories, or revenue metrics. It can easily be used to pitch investors and potential clients alike.
You can follow this example by making the problem the centerpiece of the hook. Open with the issue, and position your company's service or product as the solution.
It took me [period of time] to [achieve goal] .
It's always been my priority to deliver [high-level result] , but I want to put my [expertise] to use making [high-level goal/impact] .
At [company name] , I [past experience] that [measureable results] .
I love what I do. But I [differentiator, high-level goal] .
If you're looking for a [position/title] who's [differentiator] , let's chat. I'm eager to explore how I can help your organization achieve its [field] objectives.
Since tropes are only a good idea when I propose them, I've decided that our job seeker would be making a pitch to GreenCorp, the company from our previous example. Will Smith will not be playing this role.
In this example, the author of the pitch isn't trying to sell a company or a product; they're trying to sell themselves. The hook addresses their background, expertise, and goals. It then veers into past performance results and highlights the key skill set. The uniqueness factor here speaks to GreenCorp's mission, showcasing that the author shares the company's grand goals, empathetic mindset, and desire to help build something positive.
If you're ever job hunting, open your pitch with a concise and direct overview of your background, share your most impressive achievements, and do your research into the company you're pitching.
Most people [relevant statistic, followed by explanation] .
At [company name] , we've taken the [pain point] out of the equation.
Our [products] are designed for [value proposition] .
They're more than just [product] . They're [differentiator, followed by supporting evidence] .
We're not just salespeople; we're [differentiator] .
So, are you ready to find [product selling point] ? Let's [CTA] .
In this example, a guitar shop is pitching its unique guitar design to potential customers. It recognizes a very common problem and ties it to a feeling that most guitar enthusiasts know all too well: giving up too soon. It later positions the author as an expert and fellow musician and utilizes customer reviews as supporting evidence.
I'm a [position/title] at [company name] , and I've worked on [past experience] .
Over the past [period of time] , I've had the privilege of working with diverse industries, from [industry] to [industry] , and what truly excites me is [shared interest] .
I'm here to connect with other professionals who share my enthusiasm for creative and innovative [field] ideas. I really want to explore new [differentiators and shared interests] .
Let's connect on [communication channel] . I have quite a few compelling [field] resources to share and talk through.
This networking pitch resembles the job seeker pitch with one major difference: the audience shifts from an employer to a colleague. The objective changes, and that affects the entire approach.
Ahead of your next networking event, tailor your pitch so that it speaks to your expertise and knowledge without going into too much detail.
At [company name] , we [business concept offer] , plain and simple.
We [value proposition] .
Our portfolio contains [supporting evidence] .
Why us? Well, we [differentiator] .
We roll up our sleeves and get involved.
We're currently prospecting [target audience] to join us on our journey. If you're ready to be part of the next [field] disruption, let's talk about how [company name] can help.
Investors have heard it all a million times over. It's why their faces are so hard to read—set in unimpressed silence. So it's best to make your hook short and to the point. "We do X to achieve Y" can be a breath of fresh air when your job is listening to entrepreneurs pitch their ideas five days a week.
In this example, YZTech Ventures aims to secure investors for promising companies. The hook is straightforward and simple, slowly veering into an overview of the company and why it works.
Every day, [pain point] .
[Company name] is working to change that.
We're a nonprofit dedicated to [high-level goal] . We've already provided [supporting evidence/achievements] .
We don't want to treat the symptoms; we want to face the root cause of [pain point] . But this will be a losing battle if we're fighting it on our own.
We're always looking for individuals who share our vision and drive to build a better world where [high-level goal] .
If you're ready to make a difference, let's discuss how you can be part of the solution.
Empathy is the name of the game here, and charities and nonprofits can use it as a unique selling point. The good news is there's very little risk of doing this wrong. The example outlines the cause, its aim, and the efforts being made to find a solution.
If you're pitching a nonprofit or a charity to potential donors, lean heavily on the charity's message and accomplishments.
I'm [name] , and I'm a dedicated [title] . I've helped [past expertise and achievments] .
I do what I do by [value proposition, followed by differentiator] .
I'm here to [offered value] .
There's " [position] " in the title, but I'll be [differentiator] .
Let's schedule a meeting and discuss what you can do.
Personal branding comes into play when you're pitching yourself, the individual. Just as companies share their unique idea, proposition, and values, the life coach does the same at a personal level.
If you're ever writing a personal branding pitch, approach it as you would a business. The key difference is to showcase your values and what makes you unique as a person rather than as a corporate entity.
I'm very excited to share with you [product selling point] .
At [company name] , [products] aren't just a [basic nature of product] . We see them as a game-changer in [selling point] .
This is why we developed our [product] , a cutting-edge [product overview] .
Imagine all of your [value proposition, followed by key features] .
Our product has already received rave reviews during beta testing, with users reporting [survey results] .
[Product] is now available for preorders! [CTA].
This example focuses less on the company and more on the newly revealed product. The new release speaks for itself and the business at the same time.
The hook immediately positions the product as the future or "the next best thing." The pitch dives into what makes the new product unique, utilizing a hypothetical to paint a picture of what it can achieve.
If you're writing a product launch elevator pitch, focus on the product and let it speak for the company.
We've done great things as [company name] . We've helped businesses [services and past achievements] .
We've since been on a journey of transformation, and it's time for a fresh start.
Our company has grown, adapted, and innovated in response to changing market dynamics. We've [outlined change] . Now, [company name] is about to become [new company name] .
Why the change? We've rebranded to [rebranding reasons] .
With [new company name] , you can expect the same quality, expertise, and dedication you've come to trust. But now, we're adding a fresh perspective and a dynamic spirit to our brand.
We invite you to join us in this exciting phase of our journey. [New company name] is ready to [service/value proposition] .
Let's schedule a meeting and explore how our renewed brand can better serve your evolving needs.
In this example, the hook immediately delivers the reasoning behind the change.
Instead of a value proposition, the pitch offers an assurance that the rebranding won't have detrimental effects. It's designed to address stakeholders and clients as well as provide context.
At [company name] , we specialize in [value proposition] .
With a team of seasoned experts in [field of expertise] , we've successfully guided organizations to [high-level goal] .
Our approach is all about partnership. We take the time to deeply understand your unique market and audience. From there, we [differentiator] .
[Company name] can be the catalyst for your business's transformation. Whether you're looking to [goal] or [goal] , we're here to help.
Let's schedule a virtual meeting to discuss where your company stands and where we can take it.
This pitch is designed to attract clients for a consulting service. It takes a collaborative tone in its approach and focuses on areas of growth that pretty much every decision-maker worries about. It makes the solution the centerpiece of its hook instead of the problem, and goes on to briefly outline how the firm's process is structured.
[Relevant statistic].
That's how it goes for your [pain point] .
Imagine you didn't have to worry about [pain point] .
Our [product] is designed to enhance [process] . We help businesses [value proposition] .
One of our recent success stories includes helping a [supporting evidence] .
The thing is, [differentiator] ; we make sure our [product] is specifically customized for your organization's needs.
Are you available to meet next week for a personalized demo?
In this example, the hook is a statistic that lays the foundation for the problem and the value proposition. It's a powerful hook that captures the audience's attention and helps you transition into what you really want to say.
You can be an optimist and decide to improvise an elevator pitch. But you'll likely end up taking too many pauses under the guise of sipping your water, and stumbling over your words mid-pitch might waste a precious conversation.
It pays to be prepared, and writing an elevator pitch beforehand can make a big difference.
Your objective will help you pinpoint the information you want to mention in your pitch.
Tip: Establish success metrics relevant to your objective. Investors will want to know how much revenue your business can generate, while potential clients will want to know the benefits of your product or service. Make sure your success metrics speak to your audience's concerns.
One speech won't work across the board. Hollywood says the up-and-coming manager likes to be impressed with a Rubik's cube, while the CEO likes to hear your heartfelt speech about how much this job means to you and how you're expertly overcoming odds.
Both those things are wrong, but the point remains that identifying who your listener is and what matters to them is a nice way to tailor your pitch so that it speaks to their concerns, needs, and bigger pain points. The more you resonate with your audience, the more impactful your pitch will be, and the closer you'll get to a tearful Will Smith movie ending.
Defining your audience goes beyond knowing the name and nature of what might make a potential client.
Tip: Conduct in-depth audience research by diving into your chosen market, competitors, user data, and digital marketing analytics. Then comb through that information to define your audience's pain points and how you're uniquely positioned to address them.
You know what you want to say and why. Now you need an opening statement—a hook that grabs their attention and gets them invested in the rest of your pitch. You want to set the stage for the elements that come next. Make it clear and engaging, but keep it concise. The goal here is to get an attentive listener, not a bored one.
The hook needs to spark the audience's interest. You need to speak their industry's language, show knowledge and expertise, and put your audience research data to good use by pointing out the difficulties and issues they face.
Tip: Use a personal story, a statistic, a fact, or an interesting hypothetical to draw your audience in.
Once your audience is paying attention, it's time to dive into the proposition and the value within. What do you and your idea bring to the table? What problems do you solve, and how does that make your listener's life better? How does your solution differ from those they've heard pitched a thousand times before?
Point out the differentiating factors that make you and your business unique, whether it's the groundbreaking tech you've patented or the better pricing options your competitors can't keep up with.
Tip: Write down all the aspects that make your business different, and choose the most compelling ones for the pitch.
Who doesn't like real-life measurable data? Well, Hollywood doesn't, but that's just because no amount of Hans Zimmer music can make your 325% ROI cinematically engaging. You can be confident that your audience will want to hear success stories that support your proposition.
Have a few successful case studies from former and current clients ready to drive the point home and turn a semi-interested listener into an engaged party.
Tip: Draw on your own expertise, and use performance statistics and relevant metrics from previous projects.
It's called an elevator pitch for a reason. You have under a minute to get your entire pitch across to a busy decision-maker who doesn't have all day. Cut the fluff, and only say what you feel certain will convince your recipient to take your side.
Tip: Practice reading your pitch out loud in the mirror. Use a timer to measure how long it takes to deliver it comfortably.
Since the point of an elevator pitch is to generate interest, you'll want to end it with a clear call to action—one that evokes a response and maybe a more in-depth conversation.
If you're pitching a service, you can offer to schedule a meeting to further outline your services and how they can help the listener. If you're pitching a product, you could offer to schedule a demo to prove it can improve their business. Get creative here, and aim to turn that interest into a meeting.
Tip: Lead your audience to connect with you beyond the pitch. Schedule a meeting or a coffee chat, exchange contact information, and make sure there's room for a longer discussion.
You can't just deliver your pitch and then hit the open bar at the networking event. Be ready to answer questions.
Questions at this stage mean your listener is intrigued, curious, and interested. At this point, feel free to provide as much context in your answers as you'd like. The elevator pitch has already ended, and it served its purpose. Go in-depth and provide context.
Tip: Write down a few questions based on your own market research. Ask yourself what your customers, investors, and audience might be curious about. Prepare your answers so you're never surprised.
Opportunities are fleeting, especially when businesses are launching every day. In an oversaturated environment, an elevator pitch can help you make an impression that lasts. And who knows, you might just have what it takes to inspire a 50-million dollar movie that Will Smith can "misty-eye" his way through.
Related reading:
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Hachem Ramki
Hachem is a writer and digital marketer from Montreal. After graduating with a degree in English, Hachem spent seven years traveling around the world before moving to Canada. When he's not writing, he enjoys Basketball, Dungeons and Dragons, and playing music for friends and family.
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Entrepreneurship Influence
Before you launch your product, service, or cause, you need “an elevator pitch.” This is a short summary of your product offering, including your target market and your value proposition.
The name comes from the idea that you should be able to deliver a succinct, compelling description of what you offer in the time it takes to ride an elevator up a few floors—approximately 30 seconds to two minutes.
The idea originated with entrepreneurs who needed to pitch their business proposals quickly to potential investors in order to secure funding. This enabled those same investors to quickly eliminate ideas that were ill-conceived or simply didn’t fit their investment profile.
Entrepreneurs often spend hours honing and practicing their elevator pitches. The stakes are huge. If they are successful and connect with a potential investor, they win the opportunity to present a more detailed business plan. If they don’t, they are sent packing.
The elevator pitch has become so effective that it is used in other fields as well. This includes publishing, movie-making, job interviewing, and even dating. It is a great way for both parties to cut to the chase and determine if there is a connection.
I can think of at least three reasons:
I can’t tell you how many authors I have spoken with over the years who could not summarize what their book was about. They should have achieved clarity on this before they began writing. This is one of the main reasons publishers say “no.” It is also why you should strive for a clear elevator pitch before you do anything else.
If you are going to connect with your target prospects, you must see your offering from their perspective. Moreover, you must understand their problems, their concerns, their hopes, and their dreams. Only then, can you put together an offering that they will find compelling.
In order to be successful in launching anything significant, you need help. You can’t do it all yourself. Whether it is a publisher, a record company, a booking agent, a publicist, a retailer, or a corporate sponsor, you need to be able to explain quickly what you are about. Only then can your potential partner decide whether or not he or she can help you.
First, understand that the pitch will be different depending on whether you are offering an information product (e.g., non-fiction book, speech, consulting service, etc.) or an entertainment product (e.g, novel, screenplay, comedy act, etc.). Note that when I use the term “product,” I am referring to your creative output regardless of the form. It could be an actual product, a service, or even a cause.
Here’s an example from my current project:
I am writing a new [Component 1] business book called Platform . [Component 2] It is designed for anyone who is trying to get attention for their product, service, or cause. [Component 3] I teach my readers how to build a tribe of loyal followers, using social media and other new technologies. [Component 4] I explain that it has never been easier, less expensive, or more possible than right now.”
Here’s an example from a mythical project about the modern composer, Eric Whitacre :
I am shooting an [Component 1] inspirational documentary called Cloudburst. [Component 2] It is about a young, extremely gifted musician who dreams of becoming a symphony conductor. [Component 3] The only problem is he can’t read music. As a result, no one in the music business will give him a chance. [Component 4] Yet he ultimately succeeds because of his honesty, optimism, and hard work.”
Obviously, pitches can vary widely, depending on your offering. Regardless, you want to create an elevator pitch that is clear and compelling. This is a prerequisite to attracting the partners and prospects you need to succeed.
Once you get your elevator pitch fine-tuned, don't deliver it like a mechanical parrot. Instead, do what Michael Port suggests in his excellent book, Book Yourself Solid , Chapter 4: use it as the foundation of a meaningful sales conversation.
Last modified on March 3rd, 2022 at 7:00 pm
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That brings us to the concept of the elevator pitch. In this article, we’ll explore what an elevator pitch is, why it’s essential, and how you can craft one that really sells your business. We’ll also share tips to help you perfect your pitch to make a lasting impression.
Let’s get the basics out of the way first. If you’ve ever watched the TV show “Shark Tank,” you already know what an elevator pitch is. For those who haven’t, an elevator pitch is a short, snappy summary of your business that you can deliver in about 20-30 seconds – the time it takes for an elevator ride.
It’s like the logline in the movie industry, a one-sentence summary that hooks people and makes them want to know more.
To give you an idea, here are some famous sales elevator pitch examples:
What is your zipcode, what is your business name.
Now, as a small business owner, you may not be appearing on TV pitching your business to the likes of Mark Cuban, Daymond John, and Lori Greiner. But that doesn’t mean you don’t need an elevator pitch.
First, you never know when you’ll meet someone interested in your business or a potential investor. It could be at a networking event, a local business meetup, or even in line at the grocery store. Having a polished elevator pitch ready means you’re always prepared to make a great first impression.
Secondly, writing a sales elevator pitch will help refine your business concept and goals. When you’re knee-deep in the day-to-day operations, it’s easy to lose sight of the big picture. Working on your pitch forces you to zoom out and focus on what matters.
It’s a great exercise to narrow down your unique selling points and target audience. Let’s say you run a medspa that offers various services but has a core focus on anti-aging treatments. With all the new services you’ve added over time, you might have forgotten your roots. An elevator pitch exercise will remind you of your initial goal and refocus.
In short, even if you don’t end up pitching to investors, an elevator pitch can help you get to know yourself (or your business) better. It’s like a mirror that reflects the essence of your business.
There’s an art to crafting compelling elevator pitches. It’s not just about cramming as much information as possible into 30 seconds. It’s about hitting the right notes and leaving a lasting impression. Let’s explore six sales elevator pitch tips to help you do that.
One of the most commonly forgotten elements in a pitch is the goals and audience. People often focus on the idea or the product and forget to mention who they’re targeting and what they’re ultimately trying to achieve.
When working on your elevator pitch, clearly define your target audience and the goals you’ve set for your business. This shows whoever’s listening that you have a clear understanding of your market and what you hope to achieve.
Remember, goals also extend beyond business objectives. You should also know the goal of your pitch. Are you looking for new investors or a partner, or are you simply trying to network and make connections? Knowing this will help you tailor your pitch accordingly.
Your unique selling proposition (USP) is what sets you apart from competitors. It doesn’t matter if you’re offering a service that others are offering, like legal counsel. There should be something that makes your law cabinet stand out. Maybe you specialize in a specific type of law, and that’s your USP. Or maybe you offer competitive pricing or a unique approach to legal services.
This USP should be front and center in your elevator pitch.
While we won’t suggest starting with the cliché “Has this ever happened to you?”, using a template helps guide you to include all essential pitch elements:
Here’s an example of a traditional template: “Hello, my name is [name], and I am the founder/CEO of [business]. Our business offers [product/service] for [target audience] to solve [problem/pain point]. We have seen success by [unique selling point/competitive advantage] and are looking for investment to help us expand our reach.”
Including all these elements in your pitch shows potential investors that you have a clear understanding of your business.
The whole point of an elevator pitch is to be able to deliver it in the span of an elevator ride, which is typically 30 seconds to one minute.
Yet, one of the most common mistakes people make when crafting an elevator pitch is trying to include too much information. It drags on, and by the time you get to the main point, you’ve lost your audience’s attention. Or it looks like you don’t know your business well enough to pick out the most important points.
To keep it short, focus on the most critical aspects of your business, eliminate unnecessary details, and use concise language. Remember, less is often more when it comes to elevator pitches.
An elevator pitch goes beyond cold, hard facts. It’s also about selling your vision and passion for your business. People are looking for someone who truly believes in their product/service and has the drive to make it successful. Your conviction can be contagious.
To show passion, use enthusiasm in your tone, share personal anecdotes or experiences that have motivated you to start this business, and convey your belief in the potential of your business.
Even if you have a great pitch written down, it’s important to practice delivering it. Otherwise, you might freeze up or stumble during an actual pitch.
Practice in front of friends, family, or even a mirror. Get feedback and make adjustments as needed. But also remember that it’s important to sound natural and not rehearsed. The pitch should flow naturally and not sound forced or robotic. Like an actual conversation.
Another tip we recommend is recording yourself every time you deliver the pitch, whether you’re alone or in front of someone. This can help you identify areas for improvement and perfect your delivery.
A well-crafted pitch can open doors for your small business. It can help you network more effectively, attract potential investors, and even clarify your own business goals and unique selling points.
As a small business, another thing you can add to your pitch is that you’re using a platform that handles your CRM, billing, payments, and marketing all in one place for convenience. That’s what you get with Townsquare Interactive’s business management platform .
With Townsquare Interactive, you can streamline your business operations, leaving you more time to focus on perfecting your pitch and growing your business. Contact us for a free demo !
Over the years we encountered confusions between our startup clients regarding whether they should have a business plan before making a pitch deck or if they need one in the first place. So let’s put it like this, the business plan is your house, the pitch deck is your window that shows the indoor beauty and the elevator pitch is your alley to the house.
First things first, you need all three of these materials prepared when you want to start a business. Before we start to talk about the differences between them, let’s go through some basic information.
A business plan is a document that contains a detailed description of your business. You will use it as a roadmap for how to structure, run and grow your new business. It is built to store and transmit your plans for the next 1, 3 or 5 years, including the research of the industry, the competitors. It covers the sales predictions, the marketing strategy and the operational plans.
The document is based on charts, representations of growth and financial strategy, but mainly the information is transmitted through plain text. A common business plan has a length of 10 to 100 pages. As nobody has the patience to go through a 100 pages document you should keep it simple, but well structured.
In the end you are making the business plan for you, to reflect the vision and the direction you are going. After that, the goal of a business plan is to give investors information about your company, to show them how do you plan to use their investment.
Tip: You should be honest with yourself in your business plan, which is why it’s important to consider challenges and opportunities. If you’ve got a strong idea, let it stand on its merit.
A pitch deck is a presentation that summarises the business plan and it gives an overview of your company. It is usually made using PowerPoint, Keynote or Prezi as a visual support and used in face-to-face/ online meetings with potential investors, customers, partners or presented in pitch competitions.
The pitch deck contains 10 – 20 slides and should include all the information required, as you may be asked to send it after the presentation. The structure can vary from business to business, but it must include company details, who it serves and why, the size of the market, you added value.
The goal of the pitch deck is to show investors where you are, where you are going and most important to get a meeting or start a conversation with one about funding you.
If you want to know more about what to put in a pitch deck read
How to create a great pitch deck .
As its name says an elevator pitch is a brief description of your business, like a movie trailer, that can be presented during an average elevator ride 10 – 30 seconds. An elevator pitch should be pre – prepared so when the occasion arises you will know exactly what to say.
You can also look at it as a positioning statement. Start with Who do you help , this is also important to set for yourself. Now they are listening to you so you continue with what you help them with .
The elevator pitch can be used in other situations, such as job fairs, networking events, your LinkedIn bio. It is a great way to introduce you to people that you meet as a conversion starter.
The goal of this speech is to be short and spark interest to your elevator ride so they want to know more about your business.
Focus your elevator pitch around “ We are X and we help Y to do Z “
Basically all three of them have the same content, but it’s a matter of details. You start with the business plan that has everything about the business, then make a more compact version for the pitch deck and finally you create an elevator pitch that has the essence of your business.
We talked about the differences, but now let’s see what is the connection between these three.
As we know the pitch deck and the business plan include mostly the same section and while the business plan is more detailed, the pitch deck offers high level information on some sections ( problem, solution, product, market, team). We can consider the pitch deck a visual summary of the business plan.
The elevator pitch is used without an additional support, but when presenting a pitch deck the first information has the role of an elevator pitch, to catch the attention of the investors for the rest of the presentation. You open the pitch deck presentation with the elevator pitch.
Looking at the big picture we can see that the elevator pitch is included in the pitch deck, which in his turn is included in the business plan.
Download a Free Guide to design your pitch deck
We recommend having all of them prepared. For the business plan you can use all kinds of templates and platforms to build one or having a consultant working with you. The pitch deck should be made with a pitch deck designer as it needs to be compelling, but there are also a lot of tips for how to create one. And for the elevator pitch follow a structure that puts your advantages in the spotlight.
Hope this helped you to have a clear perspective about what is a business plan, a pitch deck, an elevator pitch, when to use them and what are the differences between them.
If you already decided that you need to have an stunning design for your pitch deck we are here to make that for you.
Our team can help with everything from research, to creating your presentation flow, writing the content, designing and building your slides.
Get in touch
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