• Blog
  • About
  • Contact
  • Disclosure

TeensGotCents

Why wait to live a centsible life?

  • Common Cents
  • Job Cents
  • Shopping Cents
  • College Cents
  • Mom Cents
  • Blog Cents

Everything Teens Need to Know About Elevator Pitches

by Anna 6 Comments

As a teen first stepping into the entrepreneurial world you will hear a lot of strange terms–things like MVP, an Elevator Pitch, and The Golden Circle. Yes, it can get confusing. But I promise these words ARE English!

What is an elevator pitch and why do teen entrepreneurs need to know? Anna breaks it down into simple steps that will help you know exactly how to develop a great elevator pitch for your business!

Let’s talk about Elevator Pitches

What is an Elevator Pitch?

Why is it important?

How do I create an Elevator Pitch?

Last year my siblings and I attended a business class at our library and learned about elevator pitches. We came up with a fake business plan, walked through the steps of creating an effective elevator pitch, then practiced delivering it in front of everyone! I am in no way a professional at this yet, but I shall attempt to talk about elevator pitches as a teen– to teens, and then help you make one! Let’s dive in. 🙂

What is an Elevator Pitch? 

 

Thank you, Google! Now let me expand:

What is an elevator pitch and why do teen entrepreneurs need to know? Anna breaks it down into simple steps that will help you know exactly how to develop a great elevator pitch for your business!

An “elevator pitch” is a sentence or two that is used to create interest in something. It is a short sales pitch that quickly and simply describes a business, product, service, or organization and its value to whom you are speaking. A good elevator pitch should only last as long as a short elevator ride of 20 to 30 seconds, thus the name.

Why is it important?

Reason #1:

Creating a clear elevator pitch helps you narrow down exactly what your business is and what it offers to others.

Reason #2:

Gaining elevator pitch skills will come in handy as you eventually look for the support of investors for your growing business.

As a young entrepreneur much depends on making a good first impression when talking about your business.

Stumbling over your words can get you quickly tuned out as “just another cute kid”.

With a strong, engaging, and concise elevator pitch you will be prepared to give a confident, clear answer no matter the situation! It is sure to impress and maybe even gain an investor!

So… thus the next question.

How do I create an Elevator Pitch?

Good question! This one is a little harder to answer.

The elements of an elevator pitch are your answers to these questions:

  • How would you introduce your business/business idea?
  • Who are your customers?
  • What one sentence defines what your product is or what your service does.
  • How will this product or service be useful to someone? Why do they want it?
  • How can you follow up your pitch with a call to action?

Go ahead and answer the questions. Now you have a rough sketch of your business! As an example I will use a business idea my siblings and I had a while ago when we lived in a green, rainy state.

How would you introduce your business idea?

During the autumn months everyone’s yards are covered in thick, mushy carpets of leaves that will eventually kill the grass beneath if it isn’t raked up. Let us do it for you!

Who are your customers?

Elderly people, yard-work haters, soccor moms, and busy adults with jobs. Everyone willing to trade a little bit of money for convenience!

What one sentence defines what your product is or what your service does?

A team of reliable, efficient teens will rake up your yard for a small fee and transport the leaves to your preferred location.

How will this product or service be useful to someone? Why do they want it?

Encourage the next generation of entrepreneurs and get rid of those leaves!

How can you follow up your pitch with a call to action?

Anytime you are knee-deep in leaves make sure to give us a call! *hand them a business card*

Now take what you have stated about your business and condense it down into an elevator pitch!

Here is what I put together from my example answers:

“A year ago I noticed that lots of people are much too busy to rake the leaves that cover their yards and are willing to pay a team of reliable, efficient teens to do it for them! So some other young entrepreneurs and I started a business, and we now service three different neighborhoods. Anytime you are knee-deep in leaves make sure to give us a call. We would love to help!” *offer a business card*

  • Your elevator pitch should never be a mouthful and should only take 20-30 seconds to say.
  • Be sure to shake hands, be genuinely friendly, and smile a lot. You know what you’re talking about so speak confidently!
  • Practice delivering your elevator pitch to a friend!

I hope you enjoyed this simple guide to elevator pitches! Feel free to leave further questions in the comments, and I will do my best to answer them! Success stories are always fun and encouraging too. 😉

Test how much you learned from this article and cement the information in your memory with this quiz!

Share the Wealth!

About the Author
Anna

Anna loves to read (she has twelve pen pals for goodness sakes!), write fiction, and watch movies with her party-size family of nine! When not writing or sketching out one of her characters you might find her discovering a new DIY project or figuring out how to make her budget stretch just a little further!

You May Also Like These

Time management is important for everyone and especially for us teens. You don't have to have some complex system, if you have a timer this can work for you!The Pomodoro – Part OneHow To Keep IOUs StraightPopmoney

Join thousands of other teens on the path to a secure financial future!

Get my eBook Seven Days to Centsible Savings when you sign up for my FREE email newsletter!

< Previous Post How One Student’s Essay Earned Her Free Tuition
Next Post > How to Save at Sephora

Comments

  1. Jordan Meek

    March 1, 2018 at 11:26 am

    I really like the way you explain the elevator pitch. It is a very good way to get your business out there and it makes it clear to the customer what your product is. A elevator pitch is very useful in all businesses. I see the elevator pitch on a lot of commercials.

    1
    Reply to Jordan Meek" aria-label=' Reply to Jordan Meek'> Reply
    • Eva

      March 9, 2018 at 12:39 pm

      Thanks Jordan!

      1.1
      Reply to Eva" aria-label=' Reply to Eva'> Reply
    • Anna

      May 1, 2018 at 8:53 pm

      I agree, they are very helpful! I think also that having an elevator pitch can really bolster someone’s self-confidence, now knowing how to speak about their business.
      Yep, commercials do a phenomenal job at slipping a compelling pitch in there and making us certain we need their product! 😉
      Glad you enjoyed this post and thanks for commenting! 🙂

      1.2
      Reply to Anna" aria-label=' Reply to Anna'> Reply
  2. Sammy Bubbles

    March 21, 2018 at 7:00 pm

    You are a very good author! This will definitely be useful to me in the future! (〃⌒∇⌒)

    2
    Reply to Sammy Bubbles" aria-label=' Reply to Sammy Bubbles'> Reply
    • Eva

      March 29, 2018 at 11:43 pm

      Thanks so much! 🙂

      2.1
      Reply to Eva" aria-label=' Reply to Eva'> Reply
    • Anna

      May 1, 2018 at 8:55 pm

      Thanks bunches! So happy you found this helpful!!

      2.2
      Reply to Anna" aria-label=' Reply to Anna'> Reply

Leave a Comment Cancel reply

Your email address will not be published - required fields are marked *

Hi guys, I’m Eva!

Welcome to TeensGotCents, my name is Eva Baker and I founded this site when I was sixteen. I'm a complete money nerd and I love helping teens learn how money works. Also, I watch too much Netflix. Although I still have a lot to learn about personal finance I hope you will use my successes and failures to help reach your own goals whether you want to go to college debt free, get a part time job, work on a fun DIY project that will save you money or just read about ways you can learn to manage your money well as a teen. So glad you're here! Read more about my story here.

Become a subscriber

Get my eBook Seven Days to Centsible Savings when you sign up for my FREE email newsletter!

Be sure to check out these popular posts

Losing your wallet or (eek!) finding out that your purse was stolen can be terrifying and frustrating. If you find yourself without your cash, license, IDs, or credit cards, there’s a few steps you have to do right away. This article walks you through what you can do now to keep your money safe and possibly even get back what you lost or was stolen.

Lost Or Stolen Wallet? 7 Things To Do Now

Dog-sitting is an awesome job for responsible teenagers who love to be around animals and can work independently. Plus, it’s perfect to work around your school or work schedule. I had my first dog-sitting experience (with a super cute Australian Labradoodle), and now I’m convinced this may be the most perfect first job for teens looking for a little extra cash. Don’t forget to check the pics to see the cute dog snaps I took!

Make Extra Money Dog Sitting!

What is a gift closet and why should you have one? There are so many reasons to have one if you are a teen, especially if you like to get nice gifts for your friends but don't have a lot of money. Here are some gift closet ideas for you!

Gift Closet Ideas For Teens

How To Keep Your Room Clean

  • Facebook
  • Twitter
  • Google Plus
  • Pinterest
  • Instagram
  • Blog
  • About
  • Contact
  • Disclosure

Copyright © 2021 Teens Got Cents  |  All Rights Reserved  |  Site Design by Emily White Designs