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How to Rewrite an Elevator Pitch (Pt. 3)

August 6th, 2008 @ 11:30 am

5 Comments

Categories: Cold Calls, General, Marketing, Pitches, Sales Process, Sales Skills

Tags: Story, Elevator, Chances, Sales Strategy, Blogging, Sales Force Management, Sales, Internet, Geoffrey James

More elevators!

I just checked the comments to the “How to Write an Elevator Pitch (Pt. 1)” and discovered that a reader (named “bnetgeo”) posted a comment that contained an elevator pitch that I think is much better than my rewrite.  Here it is, with my annotations:

I’m in the corporate story telling business. [1] ABC Company specializes in helping corporate clients figure out exactly how to tell their story in a way that will compel customers to buy. [2] Human beings — you, me, your customers — connect better when the message is in story form. If you want your customers to listen, and want what you’re offering, you’ve got to capture them with a story. [3] And we’ve helped clients like Charles Schwab and Warner Bros, increase their lead conversion rate by up to 25 percent with a story we’ve helped them craft. [4] What’s your company’s story?[5]

  1. A more natural response to the “so, what do you do for a living” question.
  2. Qualifies the original statement, illustrating that it’s really a business issue.
  3. This is the same as my rewrite, but I like it better here. More natural.
  4. See how nice this comment flows out of the rest of the pitch?
  5. This question is pure brilliance. I’ll explain why in a second.

Note that this wonderful rewrite is also concrete/emotional rather than abstract/intellectual. It complete lacks business buzzwords and speaks to the “heart” of the matter. This one will work…better than my original rewrite.

The best part of this final rewrite is the leading question at the end. Here’s why:

  • It’s socially acceptable. The question is really just a clever way of saying “ok, I told you what I do for a living; how about you?”, but in way that builds on the rest of the pitch. The clear implication is that the prospect should be able to tell a story in order to explain what he or she does.
  • It creates its own proof. Because the phrasing of the question uses a popular colloquialism (as in “what’s the story about that?”), the phrase itself creates “social proof” that people explain the world through stories.In other words, that short question makes the psychological point about human nature that took two sentences in my rewrite.
  • It challenges the prospect. Most people don’t have a good elevator pitch about their own firm. Chances are the prospect is going to flub it or stammer or come out with some meaningless blather and then stop and say something like “Gee, I guess we do need somebody like you to help us out.” Bingo! You’re in the sales cycle.

I supposed that this is as good a time as any to thank you readers for helping me with this blog.  This kind of comment, which reflects so much sales wisdom, goes far beyond anything that I could come up with on my own.  In a very real sense, YOU are the experts, not me.  That’s one of the reasons that I’m doing this blog.  I learn as much as anyone.

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  •  
    1

    tarnow19

    08/08/08 | Report as spam

    RE: How to Rewrite an Elevator Pitch (Pt. 3)

    Any suggestions on how to use this approach in cold calling?
    SAN

  •  
    2

    Geoffrey James, Sales Machine

    08/11/08 | Report as spam

    RE: How to Rewrite an Elevator Pitch (Pt. 3)

    QUOTE: Any suggestions on how to use this approach in cold calling?


    Sure. Check out the following post:



    http://blogs.bnet.com/salesmachine/?p=74

  •  
    3

    benz.thomas

    08/12/08 | Report as spam

    RE: How to Rewrite an Elevator Pitch (Pt. 3)

    Hi James,

    I make cold calls to journalists over email. Can you help me in making my sales pitch about why should the journalist write about my company stronger and more appealing?

    Any suggestions?

    BT

  •  
    4

    Geoffrey James, Sales Machine

    12/16/08 | Report as spam

    RE: How to Rewrite an Elevator Pitch (Pt. 3)

    From a reader:



    I thought that pitch 3 was still a little contrived. My 2 cents:

    I tell stories for a living. Actually I help companies figure out how to tell their stories so that people like you will listen. We all understand stories a lot better than buzzwords, features and benefits. I'm great at helping companies like Charles Schwab and Warner Bros. tell their stories in a way that gets people like you to listen and buy. So what's your company's story?

  •  
    5

    Stephen Isienyi

    02/27/09 | Report as spam

    RE: How to Rewrite an Elevator Pitch (Pt. 3)

    Geoffrey, I think that your original elevator pitch revision sounds more appealing and sociable than the one you included above and adore.

    The fourth sentence in that final sales pitch included above states: "If you want your customers to listen, and want what you?re offering, you?ve got to capture them with a story." Such statement may easily be construed as the sales person saying that a business exec does not already know that good gabbing skills is what captures customers. Business execs usually find such statements to be extremely offensive even though they may be true.

    The only factor that interests me about this last revision is the ending - it is a more creative and playful way of asking a prospect to let you do their pitch crafting for them. However, were I to be a prospect listening to the final sales pitch revision, I would have left the elevator at the end of that 4th sentence, and therefore would not have been present to hear the final sentence.

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