[Note: This is more applicable to techies and nerds out there, but is useful to all]
When you are pitching your business to someone (be it to the VCs, or to your friend), do you know the average success rate ?
Only 1% of all pitches are actually a success and 99% fail!
And do you know the reason why the success ratio is so low, because most often than the person sitting on the other side of the table does not understand what you speak – Yeah that is true, and I have experienced this personally, more often than not!
A slideshare presentation which I just came across – How to pitch Bullshit by Moritz Haarmann – tells you exactly how you can increase your success percentage – here are some suggestions!
If you want to increase your chances of success, here is the key – Use the Mother-in-Law rule!
What it means is – Explain like the one you are talking to is your Mother-in-law! and yes, completely eliminate jargons and use buzzwords where ever possible!
Bad Pitch Vs Good Pitch
Bad Pitch
Good Pitch
The presentation beautifully tells you couple of very important points that you HAVE to follow when making pitches – and chances are you might just make a successful one !
How to make a Successful Business Pitch
[Note: If you are not able to see the presentation in Email / RSS read click on title link]
Let us know what you think of these suggestions :)
Comments
It is also important to present the historical data of the business growth whenever you are pitching for your business.
Wonderful.. Thanks for sharing. liked the example picture :)