SBA Breakfast March 2015
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Transcript of SBA Breakfast March 2015
When Pitching to InvestorsThe Importance of Knowing Your Market & Market Research
SBA Empowerment BreakfastMarch 13, 2015
Must Have ElementsMust Have Elementsof an Investor Pitchof an Investor Pitch
What problem does your company/product solve?Why you? (You & Your Team)Proof- Reason for the Business (Fully Vett the
Market) Why it will Succeed (Competitive Analysis)Show Me The Money (ASK)ROI (Exit Strategy)
Market Research & Competitive Analysis Will Show…Breadth of the Market◦ How big is the market? $$$, Volume
Current way the problem is being solved (or not)
How does your company/product solve the problem?
How is your company/product different than the competition?
Why/How is this possible?
Market Research can direct you to know…How to reach your customers◦Which Social Media Platform ◦ Advertising/Marketing Avenues
Identify Collaborative Partnerships PriceRetention/RepeatReferralsIdeas for GrowthSave Time & MoneyIdentify Potential Objections to the Buy
Know Your Customer = SalesWhere do they live?What kind of car do they drive?What shows do they watch?What do they read?Entertainment preferences?Favorite Stores, Catalogs, E-CommerceWhat kind of products would they buy?
(organic, quick & easy, lactose intolerant)What church do they go to?Education Level, Age, Income
Market ResearchMarket Research
NBDC, Library, SCORE, UNOInternetSurvey a sampling of your targeted market◦Ask open ended questions
Focus Group
Four Real Examples…Four Real Examples…
Thank You,
Melissa [email protected]
One day for women entrepreneurs, (men are welcome) to learn, network, and market their
companies & products for capital funding, media buzz and distribution. www.ownitomaha.com
402-670-5308