The Escalator Pitch
Veteran entrepreneurs and financiers have long understood the need for succinct pitches. Enter the Twitpitch. It’s not what you think
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by John Tozzi
Forget the elevator pitch. Forget the press release. Forget the PowerPoint deck. If you were making a "Twitpitch" through your employment, it would be over by now.
A what? A Twitpitch forces you to tell your joint concern’s story in 140 characters (about 20 war of words), the greatest length of a message on Twitter, a microblogging platform that is gaining favor (BusinessWeek.com, 5/15/08). Social media pioneer Stowe Boyd experimented with the idea and coined the term on his blog last month when, overwhelmed by e-mails, he decided to take appointments at the Web 2.0 Expo only via Twitter.
Boyd’s experiment offers a lesson for tiny companies that want the consideration of potential investors, clients, and press: Get to the point. And it applies in almost any business setting, not accurate on Twitter. It’s no concealed that not so much is further in the vale of years of information overload, no matter how you’re trying to ruse people. That’s why Boyd also calls it the escalator pitch. "It’s something you can affirmation in 10 seconds while he’s going up the escalator and you’re going down the escalator," he says.
Google’s Eight-Word PitchVeteran entrepreneurs and financiers understand the neediness for brevity when pitching any business. In a preceding column (BusinessWeek.com, 10/19/07) BusinessWeek.com communications columnist Carmine Gallo writes: “I was once told by an investor at Sequoia Capital that when the "Google (GOOG) guys" (Sergey Brin and Larry Page) first and foremost approached the firm, the two young Stanford students had none track record or experience running companies. But Brin and Page had passion for digital knowledge and a concise chimera: Google would provide "passage-way to the universe’s information in one click" (eight words). The investor said when his team heard this, they understood the vision immediately and were eager to hear more."
So which makes a advantage escalator pitch? "Brevity and relevance," says Brian Solis, principal of FutureWorks PR and composer of the blog PR 2.0. "It’s about focus and precision, and it necessarily to be aligned and presented in a way that reflects who you write to and why it’s beneficial to your readers," Solis says in an e-mail.
That income tailoring your message to your assembly of hearers, he says. Tell investors how you’re going to make riches, tell customers how you’re going to solve their problems, and tell bloggers why their readers should care.
The Foundation of Your BrandHow do you condense your message to escalator-pitch fulness? Profy co-founder Svetlana Gladkova, who took part in Boyd’s experiment endure month at the conference and trade show, suggests the message should start with the people behind the harvest, rather than an outside the world relations or marketing firm. "When you’re in truth. talking about your own product, it’s your idea," she says. "You force of will find the talk." If you can’t, it may be a sign that your product is not plain from competitors, she says. The Twitpitch that won Boyd over? "Profy is a commencing blogging platform focused on social aspects of blogging and providing a blogger by all the tools in one place."
Unknown startups should also judge of escalator pitches as the foundations for their brands, says Vinnie Lauria, co-founder of online forum company Lefora. To pitch Boyd, he started with Lefora’s tagline, then he added a comparison to a familiar service. The result: "lefora.com is forums made easy—it’s like blogger for forums."
Lauria, whose seven-person San Francisco company launched the service in April, takes the same approach when presenting to expose to hazard capitalists, beginning and ending his slide semblance with "forums made easy." "If you have to take more than a condemn to make intelligible your service, people aren’t going to wrap their heads around it," he says.
The Fortune-Cookie MessageBoyd and Solis are working together to abet what they entitle micro PR, where short messages enter the lists for civility in an open forum, more readily than the current body, where long e-mails land in private in-boxes. But using Twitter, let alone pitching on it, is still a big leap for most companies, PR firms, and reporters. In the month since Boyd began Twitpitch, just about 150 messages have been tagged with the "#twitpitch" label, according to a search forward Twitter search hireling Summize.
Boyd, who now takes pitches and nothing else via Twitter, acknowledges some companies may resist the idea. But he also says more PR people have told him they regard with favor the process. "The real value isn’t to what degree many commas you put into an e-mail. It’s really about in what manner effective you are about getting persons who are interested to take a call or a meeting," he says.
And with your audience drowning in more noise than ever, cutting your message to fortune-cookie length may be the best chance you have at acquisition their attention.
Can you rise and fall your assemblage in 140 characters? Try it in the comments section below.
