Showing posts with label elevator pitches. Show all posts
Showing posts with label elevator pitches. Show all posts

Tuesday, April 06, 2010

Can you get your message across in five words?

Today sees UK Prime Minister Gordon Brown travel to Buckingham Palace and ask the Queen to dissolve Parliament, triggering a General Election next month. Cue four weeks of campaigning, debating and electioneering as the major parties try to capture swing votes in an election that's currently too close to call.

A big factor in deciding who wins the election will rest on a handful of words. The BBC News this morning included a picture of the Liberal Democrats' 'Battle Bus', with their campaign slogan 'Change that works for you' proudly pasted across the vehicle. Expect to see similar coaches from the other major parties, with Labour campaigning under the slogan 'A future fair for all', while the Conservatives are urging the electorate to 'Vote for Change'.



In each case the Parties are attempting to get across in as few words as possible their core message. They know that a large part of the electorate won't listen to much of the detail of the debates, watch Election Broadcasts or read their manifestos. Their best chance of capturing swing votes is to make an impression with a strong phrase that reflects what they stand for.

In the US elections, Barack Obama said 'Yes we can'. And he said it time and time again. Pretty clearly, enough of the American electorate believed him.

Other memorable political slogans include:

Britain deserves better (Labour Party, 1987)
Catch up and overtake America! (Nikita Kruschev, USSR 1957)
Labour is not working (Conservative Party, 1979)
Vote yourself a farm (Abraham Lincoln, 1860)

In each case, and many more, a strong message is carried in a few words, leaving voters in no doubt about what they are voting for.

Just as this technique is so important in elections, so it is in business. People won't necessarily read your promotional brochures from cover to cover or listen intently to your 'elevator pitch'. If you can, however, sum up your core message in just a few memorable words, they may well take that away. Make them intriguing, easy to understand and strong enough to recall at the right time and, if appropriate repeat.

I use 'Connecting is not Enough' to get across my stance on networking and give an idea of my approach.

Please feel free to share here what you use for your business or ask for some feedback.

Friday, February 26, 2010

You had me at....'Full Stack Systems Integration'!

Many companies spend a lot of time and effort putting together their 'elevator pitch'. The intention is to have a confident, concise response whenever anyone asks them 'what do you do?'

I have talked elsewhere at some length about why I think Elevator Pitches are wrong. Among the many common mistakes made by businesses putting together their short presentation is not putting themselves in the shoes of the person they are speaking to.

Of course, as soon as you put together a general statement for use whenever such a question is asked you will struggle to engage with individuals. A good response to any question about your business is tailored to the knowledge, expertise and relevance of the person asking. A standard response cannot achieve that.

Planned elevator pitches often come from the perspective of the business giving the pitch, rather than looking from outside. As a result they can contain a lot of jargon and assume knowledge others simply don't have.

Earlier this week one of my clients showed me the results of their Board's marketing brainstorm the evening before. They had decided to work on a single statement about what they do, their elevator pitch. After much discussion they came up with the following:

"What we do?


Full stack systems integration for the UK mid-market delivering rapid business change using advanced technology."

How would you react if you asked someone what they do at a networking event and this was their response? Interestingly, this only represents one part of their business, yet they came up with this summary of their activity as a whole. It is overloaded with jargon, with their own perspective and assumes a high level of understanding.

I have a problem with terms like 'mid-market', 'business-change' and even with 'networking'. They all assume a certain level of understanding. Yet if people aren't involved in your business they may have a different perspective on or understanding of those terms. It's so important to explain your business in simple language, so that a child can understand it, if you want others outside your business or your industry to help you.

Friday, September 12, 2008

Two Golden Rules for Business Networking

Regular readers of this blog may not be surprised at what is to follow!

I gave a brief talk last night at Business Scene's Herts Connections networking event. Some two hundred local businesses attended to meet representatives from a range of local business networks and to listen to a number of speakers, including Syed Ahmed, who originally found fame on The Apprentice.

My task was to get everyone networking, and to help them do so effectively. I frequently rage against people who treat business cards like confetti, but twice recently I have seen extreme behaviour by people whose sole reason for attending networking events seems to be to see how many business cards they can hand out. On one occasion recently, one person simply stood by the door giving every guest one of his cards as they came in!

I also wanted to help people have conversations they could enjoy, enabling them to get past stilted elevator pitches into genuine rapport-building.

So I made two rules for the rest of the evening and set people a task. I told the group that they should only exchange business cards once a genuine interaction had taken place and there were grounds for following-up on each other. And I banned the phrase 'what do you do?' as the ice-breaker for conversation.

As you may know, I call 'what do you do?' the networking equivalent of 'do you come here often?'! So, instead of 'what do you do?' I told the businesses present to ask each other 'do you come here often?' A few people seemed to like the idea!

An ice-breaker should be designed to stimulate conversation, not kill it. To do that, you need to find something in common. 'What do you do?' doesn't achieve that, there's no guarantee that the person you're speaking to is in the same line of business as you and, if they are, that they are the person you want to meet.

In a networking context, 'Do you come here often?' gets you talking about the group you're in, the people who invited you and your reasons for being there. You may not phrase it quite like that but the idea is key. Either way, it is much easier to find common ground.

As Business-Scene events offer the opportunity for local networks to showcase themselves, I suggested that people introduce themselves and discuss which local groups they attend and their merits or drawbacks.

Faced with this challenge, the room started buzzing again with more networking. This time people seemed more relaxed and conversation was flowing.

Just before the speeches were about to start again, one businessman came up to me, tapped me on the shoulder and said...

"It works!".

It does, I just wish that more people knew.

Saturday, August 02, 2008

Why Elevator Pitches Don't Work

- Do you have your 'elevator pitch' to hand every time you attend a networking event?
- Are you ready for people to ask 'what do you do?' and have a detailed response to hand?
- Do you ask someone you have just met what they do?

Watch this clip for my thoughts on this approach to networking.

Friday, March 21, 2008

Networking to Get Work - "The Elevator Pitch"

I’ve been told that I need an ‘elevator pitch’ if I go networking. What’s that and where do I get one?

The ‘elevator pitch’ is the concept where you find yourself alongside Bill Gates in a lift and have until the doors open to tell him what you do. I hate the idea!

At any networking event you’ll see lots of people asking each other…”What do you do?”. This is the networking equivalent of “Do you come here often?”! Let’s be honest, most people ask out of politeness, not genuine interest.

This is followed by the prepared elevator pitch, a one-minute lecture outlining everything you do, delivered to someone who couldn’t care in the first place and who is waiting to deliver their own pitch!

Networking is about building relationships and trust, not pitching. Find out what you’ve got in common with each other, not what you haven’t. You’ll find it much easier talking about football if you’re both big fans, than you will talking about accountancy when you have no interest at all.

Thursday, July 26, 2007

A Networking Man of Mystery

When someone asks me what I do at a networking event, I always respond "I network", "I'm a networker" or something similar. I do this because I want to intrigue people and get them to ask me what I mean, and listen to the answer. After all, when someone asks you what you do in that situation, it is no more than the networking equivalent of "Do you come here often?"!

Last night I was at a networking event. Over dinner one attendee, who had asked me earlier what I do, asked me how being a networker could be a business. This was exactly the reaction I look for, it had obviously been on her mind for some time and she really wanted to know the answer.

This led our group into a discussion about when to let people know what you do. If you tell people straight away, they will immediately decide how relevant you are to them and how much more they want to listen. Because they haven't bought into you yet. Intrigue people so that they really want to know and they'll listen far more carefully.

But to what extreme can you take this intrigue?

I had been in a meeting earlier in the day and was describing a contact from my network. As I described him I suddenly realised that I don't really know what he does. He has an excellent reputation as a successful businessman with great contacts and as someone really worth knowing. But I don't know what he does. I had enjoyed a 1-2-1 with him only a couple of months ago, but still I don't know what he does.

At my next meeting I asked my colleague, who also knows this person, what he thought he did. He has known him for four years...and he doesn't know! And at last night's event I saw someone else who shares this contact, and he doesn't really know!

The upshot is that I (and I'm probably not along in this) am very keen to get in touch with my contact to arrange another meeting as soon as possible and really try to understand his business and what opportunities he is looking for. I don't know if that is the outcome he is looking for, if so it's brilliant networking, or if he simply doesn't know how to communicate his business.

At what stage do you tell people what you do and how effectively do you communicate this? Do you trot out the standard 'elevator pitch' fare as soon as someone asks what you do? Do you make your answer relevant to the person asking or give everyone the same response?

Or do you make them wait for an answer, ensuring that they really want to know?