Pitch Perfect

Test your pitch out with 3 people. Look for 3 things when listening to a pitch.

1) Was their hook effective? Did they peak your interest in the first 5 seconds?
2) Are they passionate? Do they sound interested or bored?
3) What was their request? Did they invite you to take action in a particular way?



Step 1: Come up with Business idea
- run idea by teacher
- fill out package. 

Step 2: Money. Help. Time. 
- Answer these on a seperate page.

Step 3: Market research
- Make your own mini questionnaire to ask (50 minimum) students in the school. 

* Improve your market research by describing your product to people before asking them your survey questions. You can also show them your product if you have one made!
* Also note that criticism and feedback is good so you can find out what the customer wants!

What did you learn from your research?
- Are there any new changes/colours you will be adding to your product?
- What is the highest price point people will pay for your product?
​*(Remember just because they say they'll pay that amount, it doesn't mean it's a promise).

Step 4: Writing Product description.
- Create a product description from what you've learned during your market research.
- Use catchy words and phrases to make it appealing to customers. Think about why someone would want to buy your product. What makes its different and special?
- Write this on a separate page. 

Example: 
I am  selling Pokemon Stickers. Each one is handmade with peoples favourite Pokemon (according to market research). They are about 8cm wide and have a shiny surface. They are perfect for trading and collecting.

Step 5: Money Money Money.
Where will you get your money? If you don't have money in your savings account which is very normal, you may have to borrow for a parent. You can fill out a loan certificate.

How many products will you even make? That depends on your market research. 
* Entrepreneur have completed business plans and product samples (prototypes) to show banks and investors to receive loans. 
* Remember to check different stores  to find the best deal. The more you save in cost means more profit!

Q: How much money will I need?
A: Find out how much it will cost to make your products/services.

Q: How many products should I make?
A: Make an estimate (guess) from data gathered from market research.

Q: What if I don't have enough of my own money to buy the products?
A: Get a loan from your parents.

Q: How do I get a loan from them?
A: Have all your costs calculated beforehand.
**Have real prices from stores
Then fill out a Loan application form. 
Yes. You need to fill one of these out. 

Q: What if my parents don't want to give me a loan?
A: Come speak to the teacher. ​

Step 6: Elevator Pitch

Create a 1 minute sales-talk for your product.