60 Seconds In An Elevator
Today I was a contestant in an Elevator Pitch Contest sponsored by CT Showcase and Microsoft.
There were about 25 of us competing. I decided to pitch my other biz, group88, for the contest. All were small biz folk and ranged from my pal Cherie Griffith-Dunne of VLO Group Northeast who is on a mission to bring affordable but sleek houses to the underserved market of young professionals and the winner of the contest, Dori DeCarlo of S1 Bags who produces see-through bags and backpacks that helps make security check-throughs a breeze for travelers and high school kids.
The first contestant was a cookie lady who brought props, a.k.a. cookies! She handed them out to the judges and the entire room. Dang it! I half thought of running into the back room to grab the tray of fruit for my pitch but I couldn’t figure out how to make the connection from cantaloupe to coworking. The cookie lady was pretty good but I have to say she quickly fell into a classic mode of thinking, “well, I’ve 60 seconds so I might as well fill it right to the brim.” Kind of like a big cookie that has chocolate chips, pecans, butterscotch, craisins and dates. The cookie was great until you hit the craisins. And the dates were just not necessary at all.
Some folks were pretty seasoned pitchers. Others had tons of hootzpah and will be great if they keep at it. I was somewhere in the middle. The night before the pitch session, I was meeting with my top client and I had the chance to bounce my pitch off of them. They had some great feedback which I incorporated. Being able to verbalize my pitch outloud the night before was just what I needed to juice up my confidence and tighten up my goods.
Here was my pitch (although somewhat morphed because verbally it was a bit more cas):
“Hi, my name is Suzi Edwards and I’m with group88. group88 is a community of independent professionals on a mission to stay independent. At our facility in Simsbury, we share work and meeting space, office equipment, wifi, coffee and knowledge. Our members are freelancers, ecomm entrepreneurs, laptop loungers and road warriors. Starting at just $18 per day, members can use group88 when they need it: either 1 or 2 days per month or every day. You can find us at www.group88.us or call us at 860.658.4888. Our motto at group88 is, ‘hey, if you can work from anywhere, why not here?”’
Blech. Well, it was okay but I could have done better and this is how:
“Hi, my name is Suzi Edwards and I’m with group88. group88 is a community of independent professionals on a mission to stay independent. At our facility in Simsbury, we share work and meeting space, office equipment, video conferencing, wifi, coffee and knowledge. Our members include a doctor venturing into ecommerce, a marketing consultant, an executive search professional and other mobile workers. Our relaxed but professional environment helps solo professionals break the chains of solitary confinement and save on the costs of working solo. Starting at just $18 per day, members can use group88 when they need it. Some members drop in 2 days per week and others come and go when they need it. You can find us .88 miles from the Avon line on Route 10 in Simsbury. Check us out at www.group88.us or call us at 860.658.4888. Like we always say at group88, ‘If you can work from anywhere, why not here?”’
In listening to the other pitchers, I have to say that I see three top elements to a great pitch:
1) Pain Point: You need to express pain with pleasure. Connect with your audience by presenting the problem, a.k.a. “pain,” and the solution that will take the pain away. My pitch still needs help on this one but I’m getting there. John Stroiney from Microsoft, our host, picked his personal fav as the winner, Dori, because she hit the pain and solution points perfectly.
2) Illustration: Use stories and examples. Any time your audience can visualize how your schnizit rolls, you can take them 5 more steps into understanding what you offer. The third place winner was Princess Bola Adelani of Royal Proclamations. She was the only person to make personal contact with the judges. She walked right up to them, shook their hands and walked down the table to make direct eye contact with each of them. With her passionate words and interaction, she killed the judges and the crowd.
3) Clarity: Say what you mean and do it 30 seconds or less. Don’t say that you “build relationships” (which I did not hear today thankfully) or that you “provide solutions.” Terms like that mean nothing and get you nowhere darn fast.
So, I didn’t win. But, that’s okay. Dori, the gal that did win, totally blew us all to bits and she deserved it. It was definitely worth my time. I made some great connections and learned some good tricks. I might even steal the idea for a group88 event. The cookie lady will be invited for sure.