Elevator Pitch

I would like to share my humble experience in elevator pitch with you.

Elevator pitch is a powerful way to outline your business and to get invitation to deliver a more detailed presentation.

Image

As entrepreneur you need to present your idea or startup to investors interested in early stage investment.

How much time do you think you need for your pitch?

Well, i thought i will have 30 minutes but actually I only had less than 2 minutes.

What are the main points that should be in the elevator pitch?

1. Describe clients pain.

2. Describe your solution.

3. Your potential Market ; be specific while addressing the market size.

For example do not say internet users, instead internet users ages between 18 – 30 from the Middle East = 5,000,000 users and the market is growing 20% every year.

4. Business Model “How do you make money” ; use simple and straight revenue streams.

5. Competitors, remember every business has competitors; describe how your business is different and better.

6. Money, you are here to raise money:

  • How much money do you need and how would you spend it : Marketing Campaign, Hiring people … etc
  • When your business will break-even

7. Summary

  • Why investors should invest in you

How Should you pitch?

  • Use simple language
  • Try to start your pitch with a simple story that will describe clients pain to create a visual image to investors.
  • Talk with confidence.
  • Practice, Practice, Practice , pitch to friends and family.

This is my first elevator pitch at ArabNet Beirut, I admit that I was a little bit nervous 🙂

http://www.youtube.com/watch?v=Opwv3o88Ais

Advertisements

One thought on “Elevator Pitch

  1. Pingback: 10 Day Blogger Challenge – Day 1 | fibijeeves

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s