
I have always had a
bad reaction whenever anyone mentions the 'elevator pitch'. Pitching
is one of the least effective ways to sell anything. Like most people
I don't like being pitched to and I don't like the supposition/assumption that someone can sell me something in the time
it takes to ride an elevator. Have you ever noticed that elevator pitches often start as
a 30 second pitch but have a bad habbit of ending up as a 5 minute sales monologue ......and have
I mentioned yet, that I hate pitching because it is one of the least
effective ways of selling anything.
And yet, I have seen
more than one sales person rattle off a 15 minute monologue (while
forestalling and fending off interruptions) ....and at the end the
client is more confused about what it is exactly that they offer and
what value their product or services could be to the client.
They not only confuse their potential
clients but they also bore and annoy them by spending far too much time talking instead of taking an interest in the clients unique issues and requirements.
I recently asked the participants at a sales coaching workshop to deliver a 30 second elevator pitch. This exercise clearly demonstrated that:
Many
sales people don't have a clear visualisation of the value
proposition(s) that their products/services offer their clients.
There
are a large number of sales people who can't provide a clear and
concise description of their service or product.
- That putting yourself into a posistion where you have to listen to elevator pitches is a horrifying experience more unpleasant that being hit over the head repeatedly with a mallet.
- There
is more value in the task of creating
the pitch than delivering it. I think
most of the real value lies in what you learn creating it.
- While using any prepared pitch is definitely not be my
preferred method of opening a sales call, it can be a very helpful as
a response to the question “what is it that you do?”
- The only place for a prepared pitch is when you are doing a presentation to a group.
Rather
than try and justify the above comments I invite you to take the one minute
challenge below to create an 'elevator value proposition'.
I ask that you observe the following three rules for this elevator pitch.
One: The
'elevator pitch' needs to be very concise. It must take no more than 30 seconds to deliver!
Two: Your
elevator value proposition needs to be plain and simple enough to be
instantly understood. No tech talk. No industry jargon. No clichés.
As an acid test your mother should be able to 'get' your elevator
pitch the first time she hears it.
Three: There
must be a focus on the goal of your elevator value proposition.
You're hardly likely to make a sale directly from your elevator
proposition. Remember, you're only using it to create initial
interest. Your goal might be to use it to book a meeting with the
customer or introduce yourself to a business group.
Ok
start your stop watch. Your one minute 'write a elevator value
proposition' starts now....
Jot
down the answers to the following five questions on the back of an
envelope:
Write
down a possible hook. A "hook" is a question or statement
that piques the clients interest to want to hear
more........................(e.g.
The number one business limiting issue currently being lamented in the media is...)
Who
you are.............................(e.g. company name or your
name. No more!)
What
it is that you specialise in.....................................
What
your products/services do for your clients.....................
What
is the Return on Investment for clients who adopt this product or
service.......................
The
goal is to .......................... (e.g. gain a sales
meeting)
Now on the other side of the envelope plug the answers to your five questions into the
following template.
Thank you for asking.
(The hook is) _ _ _ _ _ _ _ _ _ _ _ _ _
(insert your company name) specialises in _ _ _ _ _ _ _ _ _ _ _ _ _ _
The typical results for our clients are $ _ _ _ _ _ _ _ _ _ _ _ _ .
If these results would be of interest to you I would like to _ _ _ _ _
_ _ _ _ _
OK stop the watch, your one minute 'write a elevator value
proposition' stops now.
Review what you have just created: Read your elevator value proposition out
loud to a colleague. Does it take
you more than 30 seconds? If yes, shorten it!
Did your colleaue groan and hold their head in their hands?
Was I right that much
of the value is in the creation of it?
Was I right that there
is more value in the task of creating
the pitch than delivering it? If so my suggestion is that you
experiment with creating a written elevator response value
proposition for each of your key products and services...and then never deliver it to a client.
Using the format above a 30
second elevator value proposition for SalesFish might read like this:
Thank
you for asking.The
most common business growth limitation we hear is "It's very hard to obtain and retain top sales
achievers. If we could clone our top sales person we would be dramatically more profitable. SalesFish specialises in maximising the results of everyone in the sales team. Typical results for our clients are an initial increase of between 10 and 20 percent with understanderbly higher longer term
gains as sales people become more proficient using our methodology.
If these results would be of interest to you I would like to have an hour of your time to see if the same sales growth might be achievable for you.
by
Liam Venter: Author of the popular sales training manual
'The
Consultative Sales Professional'
You can obtain a copy here