Guest post from Tom Gable, founder and CEO of San Diego IPREX partner firm, Gable PR
Whether working with a CEO who loves to spin long tales
about his company and his successes, a Ph.D/M.D. who knows too much, or a
startup or anyone else who is new to trying to connect with financial, media
and other audiences, we’ve found a good starting point in the communications
process is drafting a classic elevator pitch.
The challenge is writing short copy, especially for
engineers and scientists who are used to citing published articles, case
histories and other resources ad infinitum. The long approach is perfect for
pitching peers and colleagues, less so for connecting with analysts, the media
and non-industry audiences. Thus, the following was created by Gable PR as a
starting point for honing a one to two minute pitch (also referred to as the
cocktail party pitch) to grab the attention of your audience in the shortest
amount of time and set the stage for next steps.
TAG LINE/SOUND BITE
– The opener – an instant picture or quick summation of your positioning. What you do, what you stand for, to what
effect and why it’s important. One sentence is best. Practice with people who
don’t know what you do and keep honing this one sentence (two at the most)
until it rings like Shakespeare.
PROBLEM, SITUATION
ANALYSIS – What exists – the pain or problem you solve?
DYNAMICS AND
OPPORTUNITY – Quick historical overview of how it got to this point, how
the challenge has been addressed, what is the sweet spot for your company or
organization (keep it to three important points, no more!).
WHAT (solving the
problem) – Your company (or organization) has been working X years to plan
for and develop D, E and F to solve the problem, take advantage of the market
opportunity and grow and succeed over the next Y years.
OVERVIEW FROM 30,000
FEET – We have done it: the macro view, the big picture of how your great
concept all comes together and grows market share, sales, traffic, profits,
benefits the community, whatever – the BIG PICTURE vision of future success
rather than technical details and features.
SO WHAT (benefits)
– You will succeed because of the creative planning, results and ultimate value
you deliver. Create a mental picture of
the benefits to science, patients, customers, the world. If there is a good
case history, cite the proof of principle in a sentence or two. Do it in two
sentences and you get a Pulitzer Prize (plus the desired result).
THE TEAM – The
team includes executives with national credentials in A, B and C. It has a
combined ZZ years in the industry, has built MM, helped YY other companies or
institutions grow and knows the market and how to provide an expanding array of
products and services to help it succeed (make it relevant to the big picture).
THE CLOSE (call to
action on the elevator) – “We have the people, the plan and the commitment
to succeed in a rapidly growing new market.
I can provide incredible detail that I believe will convince you to …
(invest, interview, buy, etc.). How
about a follow up meeting? Where would
you like to meet? What else can I
provide?”
Ask questions that will take it to the next
step!