Key Takeaways
An elevator pitch is like a first impression—you only get one shot at it, so it had better be good. But what does ‘good’ look like? Imagine you step into an elevator and find yourself face to face with someone who could change the game for your business. You’ve got just a few floors to make an impact. This is where your pitch comes in. A successful elevator pitch is concise, clear, and compelling. It’s not just about what you say, but how you say it. You need to be memorable.
Your pitch should answer three key questions: What do you do? Why does it matter? And what do you want the listener to do next? Nail this, and you’re on your way to making that impactful first impression.
If you think the ‘elevator’ concept is outdated, this story may change your mind. Recently, I went to the US and Mexico on holiday. On my way home I ended up in a hotel elevator with a group of Salesforce executives who were at their annual conference. They asked the question: “What do you do?” – and my answer impressed them so much that we ended up exchanging business cards because they’re interested in having me train their sales team. That’s a powerful elevator pitch!
So, what are the ingredients for that perfect pitch? Think of your elevator pitch as a mini-advertisement for your idea or business. It should include:
Remember, the goal is to engage your listener, not to close a deal on the spot. You’re opening the door to a conversation, not trying to barge through it.
Before you even start crafting your pitch, you need to know who you’re talking to. Tailoring your message to your audience is crucial. A pitch to a potential investor should highlight different aspects than one to a prospective customer or partner. Ask yourself: What’s important to them? What are their pain points? How does my idea fit into their world?
This means you need to research your audience. The more you know about them, the more you can personalise your pitch to resonate with their specific interests and needs. This isn’t just about being polite; it’s strategic. It shows you’ve done your homework, and it demonstrates respect for their time and expertise.
Let’s break this down with an example:
Imagine pitching a new health app. If you’re talking to an investor, you might emphasise the market opportunity and revenue potential. But if you’re speaking to a doctor, you might focus on the app’s ability to improve patient outcomes. Same product, different angles.
Now that we’ve covered the basics, let’s dive into creating your pitch. This is where you turn your idea into a compelling story that will stick in people’s minds long after the elevator ride is over.
First, grab a pen and paper, or open up a new document on your computer. You’re going to want to write this down. Follow these steps to build your pitch from the ground up:
Once you’ve got the bones of your pitch, it’s time to practice, practice, practice. Say it out loud. Time it. Make sure it’s under two minutes. The more natural it feels, the better you’ll deliver it when it counts.
Besides that, there are some common traps many fall into when delivering their elevator pitch. Let’s make sure you sidestep these:
Remember, an elevator pitch is not a monologue. It’s the start of a dialogue. You’re not just talking at someone; you’re inviting them into a conversation about your idea.
Brevity is your friend in an elevator pitch, but so is persuasiveness. It’s a delicate balance to strike. You’ve got to be quick, but you also need to make a strong case for your idea. This is where every word counts. You want to distil your message down to the essentials without losing the punch. It’s like a poet crafting a haiku; the constraints force you to be more creative and impactful.
For example, instead of saying “We’re developing a multifaceted platform that leverages user-generated content to drive engagement,” you could say, “We’re building a community where everyone’s voice can be heard, and that’s driving our explosive growth.” The second is not only shorter but also packs more of an emotional punch.
Humans are wired for stories. They’re how we make sense of the world. So, when you’re crafting your pitch, think about the story you’re telling. Who’s the hero? What’s the challenge they’re facing? How does your idea help them overcome that challenge? A good story makes your pitch not just heard but remembered. It can be as simple as: “Imagine Sarah, who’s juggling a career and a family. Our app helps her find ten extra hours a week by streamlining her tasks.” That’s a story that sticks.
One size does not fit all when it comes to elevator pitches. You need to tweak your message depending on the scenario. Whether you’re at a networking event, in a meeting with potential partners, or deliberate a presentation to potential customers, your pitch needs to adapt. The core message remains the same, but the emphasis shifts based on what your audience cares about most and how long you can hold their attention.
Let’s break it down further. When you’re at a networking event, your pitch might be more casual and focused on building a relationship. In a formal meeting, you’ll want to be more detailed and data-driven. And when you’re talking to potential customers, it’s all about the numbers and the potential for return on investment.
At networking events, your pitch should be like a friendly handshake – warm, inviting, and not too forceful. You’re there to connect, not to sell. So, focus on what’s interesting about your idea or business. Make it conversational. You might start with a question or a surprising fact that leads naturally into your pitch. And always be ready to listen and adjust your message based on the response you get.
When you’re pitching to potential customers, it’s a whole different ball game. They’re listening with their wallets, not just their ears. They want to know about the opportunity. So, while you still need to be brief, your pitch should be packed with solid facts and figures that show you’ve done your homework and that your business knows what it’s doing.
No matter how good your pitch is on paper, it’s your delivery that will seal the deal. Public speaking can be nerve-wracking, but it’s a skill that can be honed with practice. Your confidence, clarity, and charisma can make all the difference in how your message is received. So, take every opportunity to practice your pitch: in front of the mirror, to friends, or at local pitch events. The more comfortable you are with your pitch, the more naturally it will come across.
What you say is important, but how you say it is just as critical. Non-verbal cues like eye contact, gestures, and posture all play a part in how your message is perceived. For instance, maintaining eye contact shows confidence and helps establish a connection with your listener. And a firm stance conveys that you’re grounded and believe in what you’re saying.
These techniques not only help ensure you’re heard but also that you’re delivering your message with the passion and enthusiasm it deserves. Remember, it’s not just the words you choose, but your voice that carries them to your audience.
And let’s not forget about the power of the pause. A well-timed pause can create suspense, highlight a point, or simply give the listener a moment to absorb what you’ve said. It’s a powerful tool in your public speaking arsenal.
By combining a well-crafted message with polished delivery skills, you’ll be able to make the most of those precious few minutes in the elevator—or anywhere else the opportunity arises.
Now, you might have some questions. Let’s tackle a few common ones to give you an even clearer picture of what makes for a winning elevator pitch.
Ideally, it should be no longer than 60-90 seconds. That’s enough time to intrigue and inform without overloading your listener.
Absolutely! Anytime you need to explain an idea quickly and effectively, an elevator pitch can come in handy.
Focus on your unique value proposition, the problem you’re solving, and why your solution is the best choice. And don’t forget the call to action.
Use a brief, relatable anecdote that illustrates the problem your idea solves. Make it personal and evocative.
As often as possible. The more you practice, the more natural it will feel, and the better you’ll be able to adapt it on the fly.
Armed with these tips and techniques, you’re now ready to craft an elevator pitch that’s not just good, but great—one that opens doors and takes your idea to the next level. Remember, it’s not just about getting it right; it’s about making a connection that could lead to your next big break. So, go ahead, step into that elevator with confidence and watch as your pitch takes you to the top floor.
Knowing what to do is just one piece of the puzzle. The real challenge is actually doing it. Life Puzzle has been working with clients to develop and refine their elevator pitches and Sell From Stage qualities for many years. Our students have sold tens of thousands of dollars’ worth of services and products using the techniques we teach.
Our free Elevator Pitch Tool Kit is a great starting point as it guides you through the thinking behind a successful pitch. In our Confident Conversion Course you can get feedback on your pitch and personalised instruction about how to make it more effective.
Harry Potter found his invisibility cloak extremely useful… but you don’t want to wear yours.
An invisible business is in big trouble. So is a forgettable business.
So, how do you make yourself and your business memorable?
The answer:
You reach out and tweak the emotional response of your target audience… just about any emotional response will do: anger, fear, insecurity, laughter, happiness, irritation, nostalgia…
Do you remember any of the marketing jingles you heard years ago?
Every time I clean the bathroom I think of the Spray ’n Wipe ad that starts, “The cleaning it was easy, even though things were real greasy…” I can still hear my Mum singing it… frequently with a few variations that had my brother and I rolling on the floor squealing with laughter… and the laughter still wells up in me, too.
Maybe you remember, “We’re happy little Vegemites…” or “You’ll live much more, with a roller door…” or one of the others. Unsophisticated… maybe. Annoying… perhaps. Effective… definitely.
I’m confident that if I played a few bars of the jingle, I could get you to sing along. Even if you skipped a few words the product would be clear in your mind. I won’t even bet on the outcome, because that would be stealing. I’ve tried it at events and it works every time.
It should. And to create that response, you need to strike an emotional chord, and you need to repeat your message regularly… long after you are sick of hearing it.
A response… any response is better than blank stares.
Look, successful politicians have their haters as well as their fans because they stand for something recognisable.
You will know that you’re really onto something that stands out when you start getting hate-mail as well as fan mail.
So the question is… when you share your sales message do you get polite responses or do you get enthusiastic interest and questions?
It’s often not until you start to think about how you want to make your ideal clients feel and what you can do to evoke that feeling that you come up with a marketing message that is truly memorable… because it evokes emotion.
If you want to close more sales, then your best tool is to have a USP and Elevator Pitch that creates an emotional response in your prospect. Hey, if they throw up when you point out their problem it means you’ve struck a nerve… and they probably won’t forget you in a hurry.
When you focus on the primary emotion your ideal prospects need to feel just before they buy and craft a pitch that evokes that, you’ll get more opportunities to have meaningful sales conversations and that means you’ll end up with more sales.
Maybe you want prospects to feel:-
Does your current USP evoke this kind of reaction? If not test new variations on every prospect and customer until you find a USP that does. Existing customers like to feel an emotional response too. If you meet this need, you’ll keep them longer. They’re also more likely to refer you to others if they feel enthusiastic (or even angry about their problem) than if they just feel a dogged neutrality.
“We buy on emotion…. Then we use logic to justify our decisions (especially to our spouse or business associates.”
Ask yourself:
If not, it’s time to revisit your USP this weekend and add some emotional zing. Keep working on it until even your family members are fascinated when you tell them what you do.
It’s one of the first things that we work on in the 13-week Profitable Business Accelerator because it can quickly transform your sales closing rate from 20% or less into 80% or higher and immediately affect your profits.
You can learn more and find out when the next program is starting here:
Through expert sales training, NLP coaching, and business development consulting, we’ve helped professionals refine their communications, accelerate their sales and supercharge their personal satisfaction and confidence. Do you want to be one of our success stories?
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