How do you make your investment pitch more memorable? It’s a real challenge these days. Investors have more opportunities than ever to invest. So if you are pitching to investors, it’s much harder to stand out.
One essential strategy you want to deploy when pitching is to be more memorable. If you are memorable (for the right reasons) you increase your chances of progressing beyond “just a first meeting”.
According to US Professors Chip and Dan Heath*, there are six essential attributes to becoming memorable. If your investment pitch demonstrates these six characteristics, you increase the chances of raising the money you want.
Much of the work we do at BBA is to help funds and businesses craft their investment propositions so that they are memorable and therefore more investable.
If it’s easy to explain, it’s easy to remember. But complexity is easy; achieving that simplicity is hard. One challenge when raising money is to strip back your investment proposition to its bare essentials. If you are too complex you become forgettable.
DON’T BE BORING. If your pitch sounds just like everyone else’s, you’ll be forgotten quickly. Instead, intrigue us and appeal to our natural curiosity. Is there something counter-intuitive about your approach? Get us thinking (not too hard) and we’ll more likely remember you.
If your business plan has you with ‘just’ 5% share of a $50bn market in 5 years, you’ll lack credibility. Help us believe. Show (don’t tell) what you have done, what you are doing and what you will do so that we can all have faith in you.
When Steve Jobs launched the iPod he talked about “1,000 songs in your pocket”. That was concrete. No MB, no Hz, no bit rates, no hard drives. You can do the same – even with the most obscure hedge fund strategy.
In the logical investment world, it’s easy to forget the critical role that emotions play when making decisions. If our gut says yes, then we may well take a second look, even if uncertainties remain. How do you harness emotions? You can use stories, appeals to greater things and make it personal. For example: do you offer investment returns, or do you offer security in retirement.
Facts get forgotten; stories get repeated. Turn your pitch into a story. Tell stories within your pitch. Get away from the dull “deep” dive into detail on every page and instead help us understand the big picture. Then you can fill in the details where we need them.
Of course, being memorable is not the only tool in your fundraising arsenal. But it is important – and many people forget how important. It’s much easier to believe something and to talk about something if you can remember it clearly.
If you want help transforming your investment proposition into something more memorable, get in touch. Speak to one of our expert advisors about how we can help you become more memorable and therefore more investable.Email Louise or call her on +44 (0)20 7018 0922 to book an initial chat with a member of our team.
*Made to Stick, Chip and Dan Heath, 2007, Random House
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