Wednesday, March 16, 2016

Elevator Pitch No. 3

1) The pitch. 


Opportunity

My Wife and Children are avid pinners on Pinterest and various other craft sites and apps.  The issue we face constantly is that one cool project that we see and immediately want to try. The only issue is, a lot of the projects call for tools that we don’t currently own or have never used before.  This leads us to buying or renting tools we may never use again, and worst of all have no idea how to use.

Solution

The solution to this problem lies in the opportunity that I am here to present to you today.  My Companies name is called “Nailed it!” and the opportunity that it presents will revolutionize Pinners, DIYers and craft junkies everywhere.  We will offer a warehouse size workshop, filled with the latest tools and gadgets, big and small, required for completing any project that you can imagine.  This workshop will be staffed by trained professionals who can instruct and guide individuals with no experience in these fields on how to safely and successfully use the equipment.   Need a table saw to rip sheets of plywood to complete that latest closet hack?  College students, trying to decorate your dorm room and need access to tools that you don’t own?  No problem, we have them and will gladly show you how to use them.  We even offer a project of the week, which will help people gain new techniques or introduce them to skills that they have never performed before.  These classes are perfect for the beginner or anyone who may want to try something out before investing a lot of time and money into it. 

For a flat hourly rate you can come in to our workshop, safely perform your project and then take it home to enjoy.  We will take care of the clean-up, and have professionals standing by to ensure that at the end of your next project that you “Nailed It!”
2) A reflection on the feedback you received from your last pitch. 
 The feedback that I received from the last pitch was very positive.  Everyone really seems to think that I have a great business idea. Some of the feedback pointed out the need for this type of service by college students, and helped me rethink the process of projects of the week. I feel that the feedback regarding the different market segments was very important. I was surprised the most by the fact that I didn’t think of college students myself!  I appreciated all the feedback and did not feel that any of it was wrong or silly.
3) What did you change, based on the feedback?

Overall, the majority of the pitch was the same.  I did add portions trying to touch on this need for college students, and the thought that even somebody who has completed projects in the past might be able to pick up a new skill from the guided weekly projects. 

3 comments:

  1. Hi James! I love this idea! I use Pinterest all of the time and run into this issue very frequently. I think your plan is well thought out and could really turn into an exciting business venture. My only critique for your pitch though would be to try to use some more hand gestures. Great job! Here is a link to my blog if you want to check it out!
    http://thereseverything.blogspot.com/2016/03/theres-my-elevator-pitch-no-3.html

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  2. Hi, I like what you have done here. It seems like you are taking the feedback and actually applying it very nicely. It is good to learn from what a general audience thinks. I personally have benefited from hearing honest reviews. Keep up the good work and best of luck with the idea. Feel free to check out my blog as well:
    http://phatblogz.blogspot.com


    Ben

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  3. I like the idea. Gainesville would be a great place to launch this workshop because of how many students there are. I feel like many students could benefit from this project. Good pitch too, very clear and concise. Feel free to check out my blog, http://alexandvon.blogspot.com/

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