Here’s a crash course on how to create an Elevator Pitch 🛗
You’ll see:
✅Real examples of what to do
🤡and what NOT to do
A thread 👇🏼
An Elevator Pitch is a short & compelling narrative designed to create intrigue in the prospect.
So in order to create a strong Elevator Pitch, we need a strong narrative:
Step 1
Set the Frame
Here is where you talk about current events and mutually agreed upon perceptions in order to Pace and eventually Lead the prospect.
You also want to talk about how things are changing
Change = Movement
Movement = Prospect pays attention
Step 2
Explain the Impact
Here’s where you talk about the implications of current events, mutually agreed upon perceptions, change, etc
This is the equivalent of “twisting the knife” to increase the prospects perceived Pain level
You’re aiming to elicit SOME negative emotion
Step 3
The Solution
After you’ve done Steps 1 & 2 and built the problem up (raised the stakes) you introduce your solution as the “response to the overwhelming Pain” which frames you guys as the Hero’s of the story!
Talk about the solution that resolves the Pain
So putting it all together. What does a *terrible* Elevator Pitch look like?
Look no further than the 🤡!
Let’s take a look at the Clowns Elevator Pitch:
As you can see, the 🤡 has no real perspective or understanding of wtf is happening in the big picture.
He’s only focused on explaining features / benefits (in a non compelling way)
There’s no contrast and it’s too direct (chasing the prospect)
All sounds the same to prospect
Now let’s look at a Chads Elevator Pitch:
Notice how it stands out:
1) Starts Big picture 2) Tells the prospect a story 3) Talks about the Big problems affecting everyone 4) Frames solution as a RESPONSE to this Big problem 5) Only 2 lines about the actual product (increase prospects curiosity)
NOW they’re hooked.
If you guys like this new format + the use of “Chad Cards” to explain the concepts then be sure to Like / Retweet this!
WAGMI.
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I was tasked recently to get funding from a large corp for a dying SaaS
We walked away securing a clean ~$1.4M in funding
Some thoughts / lessons on the experience 👇🏼
Pitching to the C suite of a multi billion dollar org is just a completely different game
At the top the conversations are even more:
1) Simple 2) Big picture 3) Concise
Competency at that level is a different world compared to selling SaaS to VP’s
Apples to oranges
They were ~20 min late for the meeting
This is a Sh*t test & to be expected. When selling to corporate C suite you just can’t do much in this situation. We had one bite at the apple so we had to wait it out.
Tension increased as time passed so we kept busy by shooting the shit
The Takeaway is such a powerful tool in your Chad Toolbox.
Clown Salespeople are always chasing.
The Chads say something intriguing that pulls the prospect in, and then BAM! drops the takeaway.
It’s all a game.
Here’s an example:
Prospect: Yeah we’re just not sure because you guys don’t have [feature X]
Chad: We do have [feature x] it’s just not publicly advertised anymore. we surveyed thousands of our users and they barely use it, but it feels like you’ve already made up your mind John
Prospect: Wait
Another example
Prospect: We still have concerns over x y z before moving forward
Chad: As much as we’d like your business we’ve been working on this deal twice as long as average and frankly I don’t have anymore time to spend figuring this out so we’ll have to pass on this