There are no magical short cuts to the top in small business. But a killer elevator pitch can expedite the trip.
Your elevator pitch is the concise statement of the value you provide to your customers. When a prospect hears it, it has to grab their attention, and make real for them the benefits that you can deliver to their business or life.
When it really works, your elevator pitch will engage your prospect so that they want to hear more. You know it’s working when they say in response, “How do you do that?”
Now the door is open to continue the conversation, engage further with the prospect, and possibly convert them into your newest client.
How do you craft a statement like that? There’s a bit of homework involved before you sit down to write.
Start by putting yourself in the shoes of your prospect. And not just any prospect, but the one who is perfect for you. That would be the one who, upon becoming a customer is going to:
- Love what you do for them
- Come back again and again
- Not require a high level of maintenance
- Pay on time
- Refer others to you
You’re speaking directly to this person, so you want to know all about them:
- What challenges they face
- What concerns they have
- What unmet need you could fulfill for them
- The language they use to talk about their issues and concerns
You can try to intuit this things on your own. But unless you’re an accomplished mind-reader, you would do well to interview your existing customers.
Ask them what they like most about your product or service. Ask them what other products and services they like. Find out what kind of car they drive and where they live. Really get to know them — and focus your attention on the problem you solve for them.
How does it feel to face that problem? And how does it feel to finally have it resolved?
Now you’re ready to write your pitch. My best advice for this part is to:
- Omit needless words (per Strunk and White)
- Be brief. Everyone is time-challenged.
- Write in the active voice.
- To get it right, be prepared to revise it dozens of times. No one is brilliant in the first draft.
Once you’ve got it down on paper, settle on two or three finalists. Run these draft elevator pitches past people you trust. Ask if it works for them — if it really gets to the essence of your business. Decide on a winner, and then start using it in all of your marketing materials, over and over, until everyone knows what your business stands for.
This is how you build mind-share — and market share.
Old media continues to cover new media as if they are discovering something the rest of us haven’t yet noticed.
Case in point: Driving to work this morning I was listening to On Point with Tom Ashbroo
k at WBUR in Boston. The entire hour was devoted the question “what’s next for advertising?”
The host had on a couple of ex-Madison Avenue ad men who had written books on the death of their industry, and a mommy-blogger who shills for Wal-Mart, Disney and other corporations — not that there’s anything wrong with that.
The ad guys were bemoaning the changes happening in their industry — one of them saying that this is an institution that has shaped our culture for 350 years!
I’m not sure about that. I know I did not hear anything about the self-inflicted damage done when an “industry” coalesces around persuading people, by hook or by crook, to buy things they do not need. Read more
It’s a fact of life: Whenever you sit down to write something, you can presume that the audience is in some state of attention deficit.
The person you are trying to reach (that’s you, right now) is multi-tasking in one way or another: monitoring the e-mail coming in through Outlook; maybe taking a call or a text message on the cell phone; keeping an eye on the TV and/or carrying on a conversation with someone else who is actually in the room. Or scrolling through TweetDeck, for crying out loud.
When you are trying to reach this person, less is more. People don’t have a lot of time to 
waste, so you want to get to the point quickly, because you are considerate of their time.
Maybe you have a lot to say, and it’s all important. You’re going to have to be patient. Marketing is a conversation, and in every conversation, there’s a give and take.
Sure, there is a thud factor that can be impressive when you have volumes of information. This can be good if people have paid you for CDs and binders full of printed content. Online, this kind of info-bloat works against you.
Online, everyone is scanning and trying to catch the whiff of a particular scent. It’s the scent that tells them they are right track — getting closer to what they want.
That scent is in your headlines and subheads, in the copy you choose to put in boldface, in your tone, your graphics and your entire presentation.
It’s in the fact that you do not demand too much of your audience’s precious time, and you choose not to insult them with epic, long-copy sales letters full of outrageous half-truths in all caps.
Speak to people in their language, and get to the point, and you may find that you have an audience — and that is a precious asset indeed.
“… many experts in the art of self-marketing agree that the rapid rise over the last five years of Internet-based social networking sites is a game-changer. Such sites allow like-minded people to forge connections, not just at lunch, but across the country or even overseas, leading to unprecedented opportunities for ambitious people to expand their list of contacts, generate business leads or even develop a new career.”
- Advertising Yourself: Building a Personal Brand Through Social Networks, Knowledge@Wharton
The word is out: There’s a lot to be gained by establishing an online presence for your business. But where do you start?
One week Facebook is hot, and the next week Twitter is all the rage. Are podcasts still a good idea? What about MySpace? Not to mention the couple dozen traditional media channels, from direct mail to radio and TV spots.
Here’s a good way to think about it. My colleague Kevin Popovic at Ideahaus Communications has developed the concept of Satellite Marketing(TM).
As you might infer, this involves setting up a core presence (your Web site) and then using the various other messaging and presentation technologies (from Twitter to PowerPoint to everything in between, and things beyond) to connect with your audiences, wherever they are, so that you can proactively:
- Manage your reputation.
- Present your products and services.
- Stay in touch with your clients and prospects.
- Build your network.
- Grow your business faster.
What I like about this approach is that it allows you to integrate and orchestrate your media messaging as much (or as little) as you want.
Whether you’re already up to your neck in social media, or just wading into the pool, this is a method for strategizing and executing your social media efforts, so that you’re not just wasting time, but generating positive results for your business.
Check it out — Kevin explains Satellite Marketing in more detail here.
“Words are flowing out like endless rain into a paper cup…”
When they first hear about Twitter and the prospect of sending 140-character messages out, most people go, “Why the hell would I want to do that?”
After you play with it for a while you begin to get Twitter: It’s your own channel, to which you may invite whomever you want.
So what kind of bite-sized programming would you put on your own 140-character- at-a-time channel?
If, for instance, you are:
- One of the millions who have lost their jobs in the last few years
- Running a business that’s stuck or not growing as fast as you’d like
- Someone who understands the power of having a network and a personal brand
Then you probably see how Twitter could become an effective tool.
A lot of people using Twitter are following (or have following them) a ridiculous number of people. Once you get past 20 or so, it’s like watching channels on TV — you have to make choices. It’s just not possible to stay current with every station.
I don’t think so. He had an associate who put in a good word with the Queen, but he didn’t have someone asking him if he was working on the right problem.
Neither (as far as I know) did Leonardo da Vinci, Ben Franklin or Sam Walton. Yet they each pushed themselves to achieve incredible, world-changing feats.
OK, they each had their own special genius.
Guess what? So do you.
I’ve worked for a couple of coaching companies, OneCoach and TEC /Vistage, so I’ve seen how having a business coach in your corner can make a huge difference.
I ran a faster marathon (and achieved one of my life goals) because I had a great coach, pushing me further than I might have gone on my own.
But here’s the thing: You can actually coach yourself.
This is not just me biting the hands that used to feed me. I really believe that while it’d be great to have a Vince Lombardi in your corner, only you can make the commitment to do the things you need to do to get your enterprise (and your life) to the next level.
Sure, new skills, and what they call “out-of-the-box thinking” and are required. But if you’re motivated, you really can transform your business and your life.
Mission statements had value once — they served to get people focused on what the company’s purpose really was, so that everyone could aspire to fulfilling it really well.
Achieving that kind of clarity seemed like a good idea, so pretty soon we were all supposed to create our own individual mission statements, so we could march to our our own well-defined beat and lead more productive, purposeful lives.
Extreme clarity is not for everyone, however, and somewhere along the line, mission statements started getting mushy, full of weasel words that create wiggle room. Today they all seem like they were written by committee and carefully crafted to offend no one — in other words, engineered to be totally meaningless.
Build a better mousetrap, and the world will largely ignore you.
Tell a compelling story about why your mousetrap is the best in the world, and you’ve got the basis for a sustainable business.
Whatever product or service you provide, the success of your business depends on your ability to:
- Let people know about it.
- Compel them to buy.
Marketing really is everything. And it’s not just true in business, it’s a rule of nature. Flowers advertise themselves to bees with scents and vivid colors. Religions market themselves to the masses with promises of eternal redemption. Pitchers sell their curve balls as hittable, while trying their hardest to make them not so.
Everyone loves a winner — but what if it’s the same winner all the time? I kept one eye on the final round of the Buick Open on CBS yesterday. Only one eye because there was no suspense at all about what was going to happen: Tiger Woods was on his way to seven straight PGA wins, and his third straight at Torrey Pines. An endearing Brant Snedeker led for three days, but everyone knew he wouldn’t be able to hang on. Not against Tiger.
I like magazines; anticipating them, and finding things inside that inform and entertain me. I was a Runner’s World reader for years, I still get Men’s Journal, although I’ll probably let it lapse, it’s become too focused on adventure travel for me. I used to get Esquire but I canceled that years ago, I finally found it overly effete and too East Coast-centric for my taste.
But during the years that I subscribed to Esquire, I developed a ritual. It began with my annoyance over those stiff, postage-paid cards intended for would-be subscribers. They wedged about a half dozen of those cards into the spine of every issue, and they stuck out in a way that prevented you from properly flipping through the magazine. That was annoying in itself as it interfered with the serindipitious nature of good browsing, and as I was already a subscriber, I resented being pitched to again. So every month, as soon as I retrieved Esquire from the mailbox, I’d start tearing out those cards. With glee, I must admit.