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Sigma                           Free
                                      Presents…
What’s Your Business? 
The Art of An Elevator Pitch
                          Tuesday, June 15th, 2010
                       Sigma College of Small Business
                           6611 Jefferson St., Ste. 103
                                Haymarket, VA  20115



      Provided by Sigma College of Small Business, Inc.
Agenda
             Introductions

                    Keynote Topic
               What’s Your Business?
             The Art of An Elevator Pitch


             Break – Refreshments and Networking
  Ask 
Questions                                     Keynote Conclusion
Any Time                                What’s Your Business?
                                      The Art of An Elevator Pitch

                 What's Your Business? The Art of An Elevator Pitch      2
                  Copyright 2010 Sigma College of Small Business, Inc.
Review of the 7 Steps
for Choosing the Right Promotion Method
 Describe Audience(s)    • Segment the market
                         • Audience priorities and needs
                         • Buying behavior                                                                                    Audience

 Promotion Objectives    • Desired audience action – now and future
                         • Frequency of response
                         • Response volume                                                                                    Objectives

 Message                 • Audience priorities and needs
                         • VALUE proposition                                                                                  Message
                         • General and specific messages
 Budget                  • Investment
                         • Expected return v. cost                                                                             Budget
                         • Risk
 Methods                 • Channels

                  Networking
                         • Mix
                         • Frequency
                         • Set goals for response and measure results
                                                                                                                              Methods


 Measure the Results                                                                                                           Results
 Follow‐up on Response   • Plan for follow‐up – start the sales process
                         Philip Kotler, Marketing Management, 9th Ed. (Upper Saddle River, NJ:  Prentice Hall, 1997), ch20.   Follow‐up


                         What's Your Business? The Art of An Elevator Pitch
                          Copyright 2010 Sigma College of Small Business, Inc.                                                             3
Know Your Audience
• How Many?
  – One – Build the conversation
     • Listen first, then respond in context
  – Many – Research and fit message
    to group average or target
                • New or Recurring?
                     – New – Cover basic core of value
                     – Recurring – Frequency, review, build
                • Type?
                     – Potential Buyer – Value to customer
                     – Lead Generator – Stimulate referral activity
                    What's Your Business? The Art of An Elevator Pitch
                     Copyright 2010 Sigma College of Small Business, Inc.   4
Objective
• Awareness
  – Audience more aware that you exist and your value
• Attitude
  – Audience builds a more positive
    attitude towards your business
• Behavior
  – Audience performs a desired action
     • Arranges follow‐up
     • Contacts you later
     • Talks to you during event

                  What's Your Business? The Art of An Elevator Pitch
                   Copyright 2010 Sigma College of Small Business, Inc.   5
General Messaging
• Focus! Focus! Focus!
  – Too many points dull the total impact
• Show Value to Listener
  – It’s not about what you do,
     it’s about the value you provide
• Differentiate
  – What sets you apart from the others in your field
  – Multiple levels – independent agents
• Provide Visualization Through Examples
                  What's Your Business? The Art of An Elevator Pitch
                   Copyright 2010 Sigma College of Small Business, Inc.   6
Messaging for Lead Generation
• Build Credibility
   – Relationship!
   – Example ‐ “Yesterday I helped a customer…”
• Make Them Sales People for You
   – They understand the value
   – Provide situations they can look for
       • Job change, new baby, starting a business, tax issues
   – Name specific leads and verticals you want
• Focus the “Feature List”
   – Your Specialties
   – Features they don’t know, but could help their contacts
   – Present value – with numbers if possible
       • Think “We could save you hundreds in 15 minutes” ‐ Geico

                      What's Your Business? The Art of An Elevator Pitch
                       Copyright 2010 Sigma College of Small Business, Inc.   7
Available Time
• Name and Company
    – Loud, Slow and Clear
    – Add 2‐4 word “clarifier” if it is not clear by 
      name
           • Smith, Smith and Smith ‐ full service insurance 
             agency
• 30‐60 seconds
    – Two, maybe three key points
    – Repeat brand
• The Ten Minute Talk
    – Build Credibility
    – Sell them on your value
    – Make them your sales force

  What's Your Business? The Art of An Elevator Pitch
   Copyright 2010 Sigma College of Small Business, Inc.         8
Sigma                           Free
                                      Presents…
What’s Your Business? 
The Art of An Elevator Pitch
                          Tuesday, June 15th, 2010
                       Sigma College of Small Business
                           6611 Jefferson St., Ste. 103
                                Haymarket, VA  20115



      Provided by Sigma College of Small Business, Inc.
Value Statement Worksheet
Audiences I Face Time Available                         Key Message Points
                 • Name and 
                   Business
                 • 30‐60 seconds
                 • 5 minutes
                 • 10 minutes

                 Objective
                 • Awareness
                 • Attitude
                 • Behavior

                   What's Your Business? The Art of An Elevator Pitch        10
                    Copyright 2010 Sigma College of Small Business, Inc.
Value Statement Worksheet
 Sigma College Example
Audiences I Face Time Available                            Key Message Points
• B2B Builders,       • Name and                           • Help business owners grow 
  Leadshare             Business                             their business
   – Many,            • 30‐60 seconds                      • By making them better 
     recurring, lead                                         business managers
     gen              • 5 minutes
                                                           • Practical, convenient and 
• Business After  • 10 minutes                               affordable classes
  Hours
   – Many, new,                                            • Programs available
     pot. Cust.     Objective                              • Valuable sponsor 
• Brown Bags        • Awareness                              opportunities available
   – Many, mix,                                            • Class topics and schedules
     mix            • Attitude                             • Credibility Message
• One on one        • Behavior                             • Contact Me

                      What's Your Business? The Art of An Elevator Pitch             11
                       Copyright 2010 Sigma College of Small Business, Inc.
Sigma College of Small Business
• Upcoming SigmaFree Classes                                              Critical Business 
  – 6/22 – Setting the Course! Build Your                                       Areas
    Business Strategy                                                     Strategy and Planning

• Focus Workshop                                                          Marketing and Sales

  – 7/13 – Leveraging the Online Social                                     Accounting and 
                                                                               Finance
    Network
                                                                             Operations and 
     • 10am – 2pm, $199                                                         Quality
                                                                             Leadership and 
                                                                             Administration
                                                                            Technology and 
                                                                              Innovation

                  Dedicated to the Learning Needs of Small Business!
                   Copyright 2010 Sigma College of Small Business, Inc.                        12

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What's Your Business? The Art of An Elevator Pitch

  • 1. Sigma Free Presents… What’s Your Business?  The Art of An Elevator Pitch Tuesday, June 15th, 2010 Sigma College of Small Business 6611 Jefferson St., Ste. 103 Haymarket, VA  20115 Provided by Sigma College of Small Business, Inc.
  • 2. Agenda Introductions Keynote Topic What’s Your Business? The Art of An Elevator Pitch Break – Refreshments and Networking Ask  Questions  Keynote Conclusion Any Time What’s Your Business? The Art of An Elevator Pitch What's Your Business? The Art of An Elevator Pitch 2 Copyright 2010 Sigma College of Small Business, Inc.
  • 3. Review of the 7 Steps for Choosing the Right Promotion Method Describe Audience(s) • Segment the market • Audience priorities and needs • Buying behavior Audience Promotion Objectives • Desired audience action – now and future • Frequency of response • Response volume Objectives Message • Audience priorities and needs • VALUE proposition Message • General and specific messages Budget  • Investment • Expected return v. cost Budget • Risk Methods • Channels Networking • Mix • Frequency • Set goals for response and measure results Methods Measure the Results Results Follow‐up on Response • Plan for follow‐up – start the sales process Philip Kotler, Marketing Management, 9th Ed. (Upper Saddle River, NJ:  Prentice Hall, 1997), ch20. Follow‐up What's Your Business? The Art of An Elevator Pitch Copyright 2010 Sigma College of Small Business, Inc. 3
  • 4. Know Your Audience • How Many? – One – Build the conversation • Listen first, then respond in context – Many – Research and fit message to group average or target • New or Recurring? – New – Cover basic core of value – Recurring – Frequency, review, build • Type? – Potential Buyer – Value to customer – Lead Generator – Stimulate referral activity What's Your Business? The Art of An Elevator Pitch Copyright 2010 Sigma College of Small Business, Inc. 4
  • 5. Objective • Awareness – Audience more aware that you exist and your value • Attitude – Audience builds a more positive attitude towards your business • Behavior – Audience performs a desired action • Arranges follow‐up • Contacts you later • Talks to you during event What's Your Business? The Art of An Elevator Pitch Copyright 2010 Sigma College of Small Business, Inc. 5
  • 6. General Messaging • Focus! Focus! Focus! – Too many points dull the total impact • Show Value to Listener – It’s not about what you do, it’s about the value you provide • Differentiate – What sets you apart from the others in your field – Multiple levels – independent agents • Provide Visualization Through Examples What's Your Business? The Art of An Elevator Pitch Copyright 2010 Sigma College of Small Business, Inc. 6
  • 7. Messaging for Lead Generation • Build Credibility – Relationship! – Example ‐ “Yesterday I helped a customer…” • Make Them Sales People for You – They understand the value – Provide situations they can look for • Job change, new baby, starting a business, tax issues – Name specific leads and verticals you want • Focus the “Feature List” – Your Specialties – Features they don’t know, but could help their contacts – Present value – with numbers if possible • Think “We could save you hundreds in 15 minutes” ‐ Geico What's Your Business? The Art of An Elevator Pitch Copyright 2010 Sigma College of Small Business, Inc. 7
  • 8. Available Time • Name and Company – Loud, Slow and Clear – Add 2‐4 word “clarifier” if it is not clear by  name • Smith, Smith and Smith ‐ full service insurance  agency • 30‐60 seconds – Two, maybe three key points – Repeat brand • The Ten Minute Talk – Build Credibility – Sell them on your value – Make them your sales force What's Your Business? The Art of An Elevator Pitch Copyright 2010 Sigma College of Small Business, Inc. 8
  • 9. Sigma Free Presents… What’s Your Business?  The Art of An Elevator Pitch Tuesday, June 15th, 2010 Sigma College of Small Business 6611 Jefferson St., Ste. 103 Haymarket, VA  20115 Provided by Sigma College of Small Business, Inc.
  • 10. Value Statement Worksheet Audiences I Face Time Available Key Message Points • Name and  Business • 30‐60 seconds • 5 minutes • 10 minutes Objective • Awareness • Attitude • Behavior What's Your Business? The Art of An Elevator Pitch 10 Copyright 2010 Sigma College of Small Business, Inc.
  • 11. Value Statement Worksheet Sigma College Example Audiences I Face Time Available Key Message Points • B2B Builders,  • Name and  • Help business owners grow  Leadshare Business their business – Many,  • 30‐60 seconds • By making them better  recurring, lead  business managers gen • 5 minutes • Practical, convenient and  • Business After  • 10 minutes affordable classes Hours – Many, new,  • Programs available pot. Cust. Objective • Valuable sponsor  • Brown Bags • Awareness opportunities available – Many, mix,  • Class topics and schedules mix • Attitude • Credibility Message • One on one • Behavior • Contact Me What's Your Business? The Art of An Elevator Pitch 11 Copyright 2010 Sigma College of Small Business, Inc.
  • 12. Sigma College of Small Business • Upcoming SigmaFree Classes Critical Business  – 6/22 – Setting the Course! Build Your  Areas Business Strategy Strategy and Planning • Focus Workshop Marketing and Sales – 7/13 – Leveraging the Online Social  Accounting and  Finance Network Operations and  • 10am – 2pm, $199 Quality Leadership and  Administration Technology and  Innovation Dedicated to the Learning Needs of Small Business! Copyright 2010 Sigma College of Small Business, Inc. 12