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Business Unusual with Barbara Corcoran

25: Finally! Five Secrets To Pitch Perfect(ly)

Business Unusual with Barbara Corcoran

Barbara Corcoran

Entrepreneurship, Careers, Business

4.81K Ratings

🗓️ 23 October 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

Your business idea is so good it’s going to sell itself! Right? Come on now, you know better. Here are the secrets to making the perfect pitch to get your hands on the cash – honed from years listening in the Shark Tank trenches. Plus, I go deep to answer an amazing voice mail question about how to start your side hustle. Got a business question you want to ask me? Tweet it @BarbaraCorcoran and I may just address it in a future show! Follow Business Unusual with Barbara Corcoran on iHeartRadio, or subscribe wherever you listen to podcasts.

Transcript

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0:00.0

If you're going to build something from nothing, you've got to know what really works.

0:07.0

I took a thousand dollar loan and built a five billion dollar business, and now I make smart investments in new businesses on Shark Tank. This is Barbara

0:15.7

Corcoran and you're listening to Business Unusual. This week on Business Unusual

0:21.0

I'm going to be answering all of the great questions you guys keep sending me in. on business,

0:23.0

on unusual, I'm going to be answering all of the great questions you guys keep sending me in

0:25.1

on business, life, how to move forward, how to jump over obstacles.

0:29.4

Come on, I'm good at it and I want to share my advice.

0:32.1

But first, you may think your idea is good enough to sell itself

0:36.6

but without the right pitch, you're smoking dope. You'll not get the cash or the customers to make

0:41.8

your dream come true. Believe you me.

0:45.6

I've been here in business pitches my whole life and I continue to hear them every week

0:49.2

on Shark Tank and I can tell you that successful pitches all have the same important parts.

0:55.0

Here they are. Number one, they have a good hook to draw attention

1:00.0

a reason for people to really want to listen.

1:02.0

A short while ago I invested in a company named the Comfy, which is kind of a

1:06.9

smart cross between a blanket and a sweatshirt. And the two entrepreneurs from

1:11.4

the Comfy Company open their pitch singing a disarming jingle that got me on their side right from the get-go.

1:19.6

It was so stupid the jingle, but so endearing that all the sharks on set were leaning in and paying

1:26.0

attention to the words. Well I say that's called a good hook. You don't have to sing, but you need something that hooks attention. That's why it's called a hook.

1:36.7

Number two, you need to make your point short and clear. Say what your business is, what it does, and why it's a good idea. That's it. If you

1:46.5

can say it in one line only, great. If it takes two line, that's good too. But don't ever

1:52.3

use more than two lines to describe your

...

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