How to deliver the perfect elevator pitch
Posted: Mon 15th Jan 2024
An elevator pitch is a quick synopsis of your business that sparks interest from investors, potential clients or partners. When you're seeking investment, nailing this pitch is crucial – it's often the first impression you make.
The good news? You don't need to be a professional speaker to deliver a perfect pitch. With a bit of preparation and focus, you can create a powerful pitch that leaves a lasting impact and opens doors for growth and investment.
Start with a hook: Capture attention instantly
Your pitch needs to grab attention from the very first sentence. A strong hook will make people want to listen, turning a brief moment into a real opportunity. This is especially important when you're pitching to experienced investors who hear countless pitches daily.
Practical tips for creating a great hook
Ask a question: Engage investors with a question that addresses a common pain point in your industry. For example, "Did you know that 60% of small businesses struggle with [X]? Our solution could change that".
Use a surprising fact: Share a quick statistic or fact that relates to the problem your business solves, making it clear that your work is relevant.
Avoid jargon: Keep it simple and relatable, even if your business is highly technical. Investors appreciate clarity and straightforward language.
With a well-thought-out hook, you'll have their attention – and be ready to dive into the heart of your pitch.
Describe the problem your business solves
Investors want to know if your business addresses a real need. A clear, concise explanation of the problem you solve helps them understand why your business matters and where it fits in the market.
Practical tips for describing the problem
Keep it simple: Describe the problem in plain language, focusing on how it affects people or businesses. Avoid getting lost in details – your goal is to connect with the investor quickly.
Make it relatable: Think about how to frame the problem in a way that resonates with everyday experiences. For instance, if you're providing a solution for cash flow management, you could start with, "Many small businesses struggle to maintain steady cash flow, making it hard to grow".
Show urgency: Explain why the problem is pressing. If the issue is becoming more relevant due to market trends or changes in the economy, highlight this briefly to add weight to your point.
By communicating the problem effectively, you're setting the stage for your solution, helping investors see the value and relevance of what you offer.
Explain your solution: What makes you unique
Now you've outlined the problem, show how your business solves it in a unique way. Investors need a clear picture of what your solution does and why it stands out.
Practical tips for explaining your solution
Keep it brief: Describe your solution in one or two sentences. Focus on clarity, making sure the investor understands exactly what you offer.
Highlight your unique selling point (USP): Identify what sets your business apart, whether it's innovation, affordability or a specific benefit no-one else provides.
Use a simple example: If possible, use a quick story or scenario to illustrate the positive impact of your potential solution, making it tangible and relatable.
A concise, compelling explanation of your solution helps investors see why your business is not only relevant but has the potential to thrive in a competitive market.
Establish credibility: Showcase your progress
Investors want to know they're backing a business with real traction. Demonstrating credibility and growth builds trust and makes you a more attractive investment opportunity.
Practical tips for building credibility
Mention key milestones: Briefly highlight your achievements, such as product launches, customer growth or notable partnerships. For instance, "We've already secured 50 clients in the past six months".
Share metrics: If you have any relevant data – like growth rates, revenue or client satisfaction scores – mention it to give investors confidence in your progress.
Stay modest but confident: Present these points naturally. Avoid exaggerated claims, but instead focus on evidence-based achievements that investors can rely on.
Showing real progress, even if it's early-stage, makes investors more likely to believe in your business's potential and long-term success.
Include a vision: Where you're headed
Investors want to support businesses with a clear, realistic vision for the future. Sharing where you're headed gives them insight into the potential return on their investment.
Practical tips for presenting your vision
State your goal clearly: Summarise your vision in one sentence, such as "Our goal is to become the go-to brand for sustainable swimwear".
Focus on achievable growth: Share specific plans for scaling, such as expanding to a new market or adding a new product feature.
Be realistic: Investors are wary of vague or overly ambitious promises. Keep it practical, highlighting growth areas that are feasible and grounded.
A clear, compelling vision demonstrates that you're not only thinking about today but also building a sustainable, scalable future.
Wrap up with a call to action (CTA)
Ending with a clear next step encourages investors to engage further. A well-placed call to action leaves them with something to think about or do after the pitch.
Practical tips for creating a CTA
Suggest a follow-up: Offer to schedule a follow-up meeting, such as, "I'd love to share more details if you're interested".
Keep it friendly and open-ended: Be inviting rather than assertive, making it easy for investors to say yes. For example, "Here's my card – please reach out if you'd like to discuss further".
Make it specific: If there's an event, a demo or a meeting time, mention it to make the follow-up feel concrete.
Ending with a CTA helps keep the momentum going, increasing the likelihood of turning your pitch into a perfect opportunity for investment or partnership.
Practise, refine and be genuine
Finally, the best pitches are practised but still feel natural. Refining your pitch will help you deliver it with confidence and sincerity.
Practical tips for a successful elevator pitch
Rehearse and pay attention to feedback: Practise with friends, mentors or colleagues, and get constructive feedback on clarity and flow.
Keep it conversational: Your pitch should feel like a genuine conversation, not a memorised script. Adapt your presentation skills depending on who you're speaking to.
Emphasise authenticity: Investors respond well to passion and honesty. Let your genuine enthusiasm for your business come through.
By practising and refining, you'll feel more confident delivering your entire pitch, helping you connect more effectively with potential investors.
Key takeaways
Crafting an effective elevator pitch takes practice, but the payoff can be huge for your business. Remember the key elements: start with a hook, describe the problem, explain your unique solution, establish credibility, share your vision and end with a call to action.
Take time to refine each part, rehearse it and let your passion show. With a polished pitch, you’ll be ready to impress any investor.
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