12
4 Comments

5 lessons I learned from pitching

I consider every conversation that I have about our business with new people a pitch, and learned on my own flesh a few lessons that I'd like to share. I hope that the mistakes I made will shorten the learning curve for others:

  1. Hear/research the needs of who you pitch to. Then connect your pitch to it.
    A pitch is about conveying value in few words. You have a slim chance of doing that if you don't know what the other side wants or needs. Steer the conversation towards them at first to learn more about what they do. Adjust your pitch accordingly.

  2. Pitch to relevant people.
    Your pitch may have more chance of finding enthusiasm if you pitch to people from your field. If they're not then you'll have to explain it to them and why it's needed. You can do it as a practice but don't expect them to connect right away.

  3. Don't use jargon
    Use plain words and no self-compliments unless you add data to it.
    LESS: "All-in-one, end-to-end, platform for self-learning"
    More: "We help self-learners find learning resources, discussion partners, jobs, and motivation"
    LESS: "Most self-learners have a job problem. Our superior integration platform eases the process for them"
    MORE: "Of the 420 self-learners we interviewed, 80% reported they can't find a job. We already helped 200 of them find jobs."

  4. Don't defend your idea.
    Once you spoke your pitch, if they reply or criticize your idea/pitch, listen. Take a mental note of what didn't click for them and ask more about it. Write it all down afterwards.
    Choose very carefully what to defend, a thumb rule is only further explain if they didn't understand something, not if they disagree.

  5. Let your pitch sink in.
    People need time to digest. I've had people criticizing the very existence of my business only to join the team a couple of weeks later. Let them think. Let them connect the dots. Connecting to the lesson #4, if you start defend it you'll only dig them deeper in their first impression. Let their minds work.

  1. 2

    Excellent! Much appreciated!

    My favorite lesson learned is to notice when they have "bought in" and stop talking. When they start designing the product, or suggesting new features or uses, then they are thinking like an owner. I've seen too many people talk their way in, feel compelled to add one more thing, and then talk their way back out. Know when you're done!

    I enjoyed this. Thanks!

    1. 2

      Thanks for the feedback, and for contributing another point :)

  2. 2

    Thanks for this Yarden, super valuable!

Trending on Indie Hackers
26 B2B Cold Outreach Templates - all for free... 🤝🏾 21 comments I Bought a Year of Time for $200,000 19 comments Launched PH: SwipeTwitch – today! 12 comments Businesses launched by solo founders are more successful than those launched by multiple founders (research) 11 comments I made 1300 Free Geometric shapes 6 comments I acquired Upmostly (React JS Tutorial Website): The Plan and Looking for Help! 6 comments