Elevator Pitch
The key to explaining your product or service offering is to define your position based on the target segment you intend to dominate and the value proposition with which you intend to dominate it. Within this context, you then set forth your competition and unique differentiation that belongs to you and that you expect to drive the buying decision your way.
The pitch itself should consist of six key elements 1. For - target customer 2. Who - statement of the need or opportunity 3. The [product name] is a [product category] 4. Which - statement of the key benefit i.e. compelling reason to buy 5. Unlike - primary competitive alternative 6. Our product - statement of primary differentiation Remember, the goal of positioning is to create and occupy a space inside the target customer's head. For example MS Windows could be described in an Elevator Pitch as follows: "For IBM PC users who want the advantages of a Macintosh-style graphical user interface, the Microsoft Windows 3.0 product is an industry standard operating environment which provides the ease of use and consistency of a Mac on a PC-compatible platform. Unlike other attempts to implement this type of interface, our Windows 3.0 product is now or will shortly be supported by all major PC applications software packages."
The pitch itself should consist of six key elements
1. For - target customer 2. Who - statement of the need or opportunity 3. The [product name] is a [product category] 4. Which - statement of the key benefit i.e. compelling reason to buy 5. Unlike - primary competitive alternative 6. Our product - statement of primary differentiation
Remember, the goal of positioning is to create and occupy a space inside the target customer's head. For example MS Windows could be described in an Elevator Pitch as follows: "For IBM PC users who want the advantages of a Macintosh-style graphical user interface, the Microsoft Windows 3.0 product is an industry standard operating environment which provides the ease of use and consistency of a Mac on a PC-compatible platform. Unlike other attempts to implement this type of interface, our Windows 3.0 product is now or will shortly be supported by all major PC applications software packages."