• How to Develop an Effective Elevator Pitch

    elevator pitch

    Copyright (c) 2016 Mr. Inside Sales

    Many inside sales reps (outside reps, too!) struggle when trying to describe their company, products and services, in a succinct and compelling way that engages a prospect and makes them want to hear more.

    Instead, a typical opening delivered to an unsuspecting prospect usually sounds more like a monologue meant to repel interest and generate the impulse to get off the phone as soon as possible. I’m sure you’ve been accosted in this way with something like:

    “Oh hi, this is _______ _______ with ________ and my company, XYZ, is a leader in national and international shipping and freight services with offices in the top metropolitan cities across the world. We offer one of the lowest overall freight charges on transportation, and also on packaging and supplies. We’re going to have a representative in your city next week and we’d love to stop by to share some information with you and learn more about your business to see how we can help save you money and time as well. Would you be available next Wednesday at 2pm or would Thursday at 4pm be better?”

    And companies and sales reps wonder why they aren’t successful…

    Rather than break down everything that is wrong with this opening (how about everything?), what I’m going to do instead is give you two rules for developing an effective elevator pitch and then some examples that you can plug your product or service into.

    Here are the two rules:

    1) Make it brief – one sentence is best, two short ones if absolutely necessary.
    2) Focus it on the direct benefits to your specific type of customer.

    Remember, this is an “elevator pitch” designed to inform and grab interest in a prospect during the time you’re in an elevator together. Try working with the examples below:

    Elevator pitch example #1:

    ” _________, we work with small business owners helping them save on average 20% on their shipping costs while also increasing their efficiency and tracking. To see how we can help you, I’d like to schedule a brief, 10 minute meeting next week…”

    Elevator pitch example #2:

    ” ___________, we make inside sales teams as much as 33% more productive by providing them with a best practice approach that helps them cold call more effectively and close more qualified prospects. This means an immediate bump in revenue and profits often within the first 30 days…”

    Elevator pitch example #3:
    ” ________ the ABC company gives homeowners complete peace of mind by eliminating routine maintenance costs and insuring against unexpected expenses. I’ve got just two questions to see which of our plans might work for you….”

    Elevator pitch example #4:

    ” _________, our motto is: “A guaranteed comfortable night’s sleep or your money back.” Now, have you ever tried this luxury brand of mattress before?”

    Elevator pitch example #5:

    ” __________, at XYZ advertising, our small business clients get the most comprehensive online exposure, the certified highest traffic and the most qualified leads in the industry – all at the guaranteed lowest rates. Where are you currently advertising online now?”

    As you can see by the above elevator pitches, not only are they short and focused on the benefits to a specific customer “small business owner” or “homeowner,” but they often end with a qualifying question, “have you ever tried,” and “where are you currently advertising online now?”

    By ending with a qualifying question, you are not only engaging your prospect, but you’re also learning about their buying motives and uncovering their level of interest as well.

    Take some time now to develop your own, concise and compelling elevator pitch and then replace your monologue with a more effective opening. Your customers (and your bank account) will thank you for it.

    Clip to Evernote
Animated Social Media Icons Powered by Acurax Wordpress Development Company
%d bloggers like this: