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In this issue, Jeff Hopkins of Blog Shark Tank discusses the key elements and steps to giving a successful pitch in the Shark Tank to Kevin O'Leary, Daymond John, Robert Herjavec, Lori Greiner, Barbara Corcoran, and Mark Cuban. Many entrepreneurs blow their chance in the Shark Tank due to a lack of preparation and skill set in presenting their ideas and business. To be an entrepreneur, and be successful in the Shark Tank, you must learn how to master the art of the pitch and present you idea in a way that will get you to close the deal with one of the investors. Check out more Shark Tank Classes at http://www.blogsharktank.com.
Citation preview
The Art of the Pitch
Season 5Issue 2
By: Jeff Hopkins,Owner at BlogSharkTank.com
Table of Contents
Making an Entrance Capturing Attention Keeping it Short & Sweet Samples & Demonstrations Pivoting like a Pro Closing the Deal
Making an Entrance
From the second you
walk into the Shark Tank, all eyes are
on you. Make every second
count.
Capturing Attention
The Sharks sit and listen to pitch after pitch for hours on end. Do something to grab their attention and keep them interested throughout the presentation. You only get one opportunity to do it right.
The difference between a good pitch and a bad pitch
Keeping it Short & Sweet
Remember these
2 rules:
1)You’re not giving a speech, you’re presenting your idea.
2)Confidence is key.
Samples & Demonstrations
The Sharks, particularly Robert, love samples. If you are pitching a product, it can never hurt to pass out some samples or give a quick demonstration. Unless of course the Sharks dislike the product.
Pivoting like a Pro
There are 2 times to pivot during a presentation:1) You realize that for some reason, no one is interested in what you are saying.
2) You’re dwelling on your business’ weaknesses as opposed to its strengths.
SWITCH TRACKS
Closing the Deal
The fact that you got the chance to pitch to the Sharks is almost miraculous. Thousands of applicants try out, and so few are chosen to be featured. If you get to the point where you receive offers from the Sharks, don’t let the opportunity slip through your fingers because you are nervous to proceed. Hesitate and make a counter-offer if you
must, but don’t leave the Tank to speak to your friend or wife, because we all know what happens when you walk back through those doors. Close the deal and don’t leave the Tank without accepting an offer. Unless you have a really good reason not to.
COMING UP NEXT…
Negotiating like a Shark
Choosing the Right Partner
Don’t forget to share this with your friends and check out
the latest Shark Tank critiques on
BlogSharkTank.com