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October Contest - Elevator Speech

By
Real Estate Agent with Falcon Property Company

October Contest - Elevator Speech
New month - new game

Recently I wrote an article asking the question What makes you special?  As Realtors and related professions, we all have similar credentials, similar jobs, similar experiences, similar marketing tools, similar markets.  But what sets you apart from your competition?


elevator speechHere is your opportunity to share with others your Elevator Speech.  If you don't have one yet, this is a great opportunity to develop one.  There are going to be times in your life where you have a captive audience (like in an elevator from the first to the fifth floor?).  The idea of an Elevator Speech (also known as an Elevator Pitch) is for you to be prepared with a 30-to-60-second presentation of what you do, what makes you unique, and expressing the passion of your profession in a few words, but one that grabs attention.  You want to know your Elevator Speech and present it in such a way that people would want to know more about you, and that they might want to do business with you in the future.

Several decades ago I helped to start a young upstart company called TeleCheck.  As I hired and trained new employees, we developed their Elevator Speech, made it unique to them and their personality, and perfected it until it was interesting, concise, and thorough.  I then made them memorize it until they could say it in their sleep.  They knew it as well as they knew their own name, and they were comfortable enough with it that there was nothing 'canned' about it - their passion and their personality and their perspective came thru whenever they conveyed it.  The more they presented it, the better they became, and in that profession, the more sales they made.

Your Elevator Speech can be used anywhere you meet people ~ at the grocery store, at a conference, at church, standing in line at a movie, ANYWHERE that you are in a situation that someone might ask you, "What do you do?"  The whole idea here is to NOT say, "I'm a Realtor" or "I'm a Mortgage Lender" or "I'm a Stager."  The idea is to answer that question with YOUR unique SOLUTION that you offer to people, not the TITLE of your profession.  The more you use it, the better you will become, the more people will respond positively to you, the more you will not think about the words that you are saying but you will know the words so well that your passion will start coming thru.  People will REMEMBER you and want to do business with you.  At the very least, they will want to know you better.

To develop your Elevator Speech, you should:

  • Write down your niche market (that does NOT mean a specific area, but WHO is your clientele?)
  • What problems do they have that you can solve ~ as many things as you can think of.  You will edit later.
  • What makes you unique ~ as many things as you can think of.  You will edit later.
  • Write down what you do - as many things as you can think of.  Good, bad, funny, sad, tedious, interesting ~ everything you can think of.  You will edit later.
  • Write a story, long or short, of what you do for people, someone you have helped, or someone who didn't fare well for not using your services.  You will edit later.
  • What is your desired outcome (make a sale? get a prospect? get a referral?) With that answer,  
  • Write as many action statements as you can think of that would spur someone to want to work with you, or what you want to accomplish.  Use visual words. You will edit later. 

Now begin to take the best of what you have written and edit it.  Find the best ideas from all that you have written down.  Pare it down until you have the best of the best in 60 seconds or less (you will be surprised how much you can say in 30 to 60 seconds).  An Elevator Speech might start with problems that your clientele might have that you can solve, what makes you unique, a short story.  Edit, perfect, edit some more ~ and then learn it.  Learn it until you could say it in the middle of the night asleep. While you DO NOT have to do video for this contest, you MAY do a video for extra points.

The Rules of the Contest

Rebekah Radice has posted the Rules and Requirements.  When you have completed your Elevator Speech, it must be posted to Rebekah's link.  Rebekah, Mimi Foster, and Pamela St. Peter will be the judges.  Contest ends October 31 at Midnight ET.

HAVE FUN!

Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

It was so amazing, Rebekah.  They weren't allowed 'in the field' for the first two weeks while we perfected this.  Without fail, if they went thru the training, they were successful when they 'hit the streets'

Oct 05, 2011 06:40 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Mimi - this is so helpful and what a great compliment to Rebekah's Elevator speech contest. You two, actually three women, (Pamela) are such generous and inspirational people. I love you all. Need to get busy now...:)

Oct 05, 2011 06:41 AM
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Mimi - As a member of Business Networking International (BNI) that's what we do each week; give our 60 "elevator" speech (we call it our 60 second commercial) and incorporate all the things you've suggested. You only have seconds to keep people's attention so it better be compelling and showcase why you are the best at what you do.

Sounds like not only a fun contest, but great for members who havn't nailed down their quick pitch! Of course I SUGGESTED!

Oct 05, 2011 07:01 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Mimi- I have to make these speeches all of the time but now I will definitely work on perfecting it for the contest!!!

Oct 05, 2011 08:07 AM
Ritu Desai 703-625-4949
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor

Mini with the holidays around the corner, it would be great to have elevator speech ready. 

Oct 05, 2011 08:34 AM
Tatyana Makarov
Century 21 All Points Realty - South Windsor, CT
Your Greater Hartford Area Realtor

Hello Mimi,

what a great idea! I will try to do it... I like the idea of memorizing it until you will say it in your sleep. It does make sense. I will be more comfortable and will not seek for the words if I will be in elevator with my potential client :) I'll be prepared.

thanks for sharing.

Oct 05, 2011 09:34 AM
Deb Brooks
Brooks Prime Properties Wichita Falls Texas - Wichita Falls, TX

You my dear are a compelling salesperson yourself! This is a great idea and I can just see you girls putting your heads together for this one! I know I can come up with the 60 second pitch but it's the video that worries me! Sigh...I will try! Suggested...

Oct 05, 2011 09:40 AM
Sam Giannakakis
Sam Giannakakis, Residential Mortgage Group - Wayzata, MN
Mortgage Officer 612.816.1511

This is a great idea, and probably one that gets overlooked. If you just meet someone and they ask what you do, you need to stand out! Not just be another realtor, or another mortgage banker! I will definately work on my elevator speech! Thanks Mimi!

Oct 05, 2011 09:45 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Mimi, I am all up for another contest. This elevator speech will give us some nice practice on our speaking skills.

Oct 05, 2011 10:00 AM
Karen Baker
Sunset Beach and Beyond Realty - Sunset Beach, NC
Professional Help with Rapid Responses...
Mimi ~ is this similar to advertising yourself as the number # 1 Realtor with a trillion dollars in production and being voted as top agent in the office and blah, blah, blah..... Kidding.... I get the idea and thanks for all the tips for developing the speech!
Oct 05, 2011 11:41 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thanks for such a great post!  I'm definitely going to recommend this to MY networking group as a table top discussion.  I have my 30 - 60 seconds as I'm an avid networker everywhere I go.  Thanks for sharing!

Oct 05, 2011 11:43 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

This is without a doubt the best, most comprehensive instruction for writing your elevator speech that I have ever seen.

Wow!

Oct 05, 2011 12:31 PM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Honestly, I've never thought about what I respond to people when they ask me what I do - I probably just say, "I sell real estate."  I'll have to think about this one.  Cool. -Kasey

Oct 05, 2011 07:03 PM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Great article, very useful information to have.

Oct 06, 2011 10:08 AM
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Mimi, this is a great thing to really perfect. I admit I have not had one that I felt comfy with rolling off my tongue..so this is a great challenge to not only work on one...but get creative and put it on a video. You're going to have fun judging this one based on the couple of entries I checked out already.

Oct 06, 2011 02:46 PM
Niki Fiala
Great Homes Realty - Clearwater, FL
Your Real Estate Consultant for Life

Thanks, great ideas!

Oct 10, 2011 11:42 AM
Doug Bullwinkel
E Mortgage Capital, Inc. NMLS 1416824 - Roseville, CA
Mortgage Loan Officer NMLS #281609

Wonderful idea for a contest and to beef up our sales skills.  Thanks for the great idea and interesting contest that can benefit everyone.

Oct 10, 2011 05:39 PM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

Like Kasey I never gave it a second thought! Now I see I need one too. I may or may not enter the contest but I do need one.... it would be crazy not to have one.

Oct 11, 2011 06:33 AM
Sherri Berry
Reliant Realty, Murfreesboro - Murfreesboro, TN
Murfreesboro TN Homes & Real Estate

This was very helpful Mimi!  I can't wait to see YOUR elevator speech.  Just curious, do you think it should start out saying who we are and that we are a realtor?  I guess I need to see and hear from one on one examples! 

Oct 14, 2011 02:13 AM
Pam Hills
Innovative Artistry - Kendall, FL
ASP/IAHSP- Stager Miami, FL, Creative Minds Innovatively At Work

Practicing............ :-/   What a valuable tool once mastered, thank you.  I can't wait to see/read the speeches!!

Oct 15, 2011 11:26 AM