Summary of feedback received from Elevator Pitch No. 1:
Emote some more – use different
facial expressions rather than the same one for the entire duration of the
video.
Provide a better explanation of the
logistics behind the venture – remove convoluted pricing. Make the logistics
more streamlined in order to maintain lower prices but also make a reasonable
profit.
Introduce the fact that the venture
is aimed towards college students as its main customer demographic earlier in
the pitch.
The most important advice would be the explanation of the
venture’s logistics. Honestly, I even found myself somewhat confused by my own
venture’s plan. That was obviously not a good sign. I had to change the
venture’s structure in a few ways. If I did not, applying actual cost and
pricing numbers would most likely reveal high prices or low profit. There were
factors in pricing that would have eliminated the venture’s differentiator
which is organic ingredients at lower prices. Because of that, I made the
venture’s plan simpler compared to the initial logistics so that both the
potential customer and I can understand it better.
Based on the feedback, I focused more on displaying
enthusiasm and providing a more efficient plan for the venture’s revenue
drivers. I also tried moving my hands in different ways in order to emote a
little more.
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