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FAQs versus Elevator Speeches

February 24, 2009 By Susan Gunelius

Post by Frances Cole Jones, contributing Women On Business writer

We’ve all heard how important it is to have an “elevator speech” about ourselves, our idea/product, or our business: a package of words that clearly and memorably conveys the essence of yourself, your firm, or your passion to “The CEO when you share a thirty second elevator ride.” What’s sometimes missed is the need for clearly articulated answers to the frequently asked questions (FAQs) that we, our idea/product, or our business receive. These should be designed not only to convey what you want to tell quickly and easily, but also to convey what most people want to know about you, your business, or your idea (hopefully, there’s a lot of overlap between these two, but only the most egoistical people think that they’re indistinguishable.) in language that’s precise, colorful, and concise.

In addition to stating what you believe in/your mission, what your unique value-added is, and who you are not (and why), you might also consider including the answers to the questions you most dread getting: “How’s business in this economy?” “Weren’t you the ones who ‘masterminded’ last year’s ‘growth strategy’– what happened?” “You’re expensive—are you worth it?” As well as a quite précis of who your dream customer or consumer might be– curious, value-conscious, informed, etc—as that is a useful tool for enticing the “armchair buyer”: for example, “If you’re someone who appreciates quality, this choice is for you,” Or, “If your friends say you’re a thrill seeker, but know the value of adventure…”

With these answers in-hand you can make decisions about where and to whom they should be available. In my experience, a FAQ one-sheet should be part of every company handbook; an FAQ page on your website should be a mandatory feature; and anytime you are headed into a large event or tricky situation, answers to any potentially disquieting questions should be worked out and disseminated to all key personnel prior to their engaging with their teams or the outside world.

Sample Script: FAQ’s

Following are three questions applicable to any business to which you should have memorable, considered answers:

  1. What’s your brand promise?

The answer to this includes not only your values but explains how your adherence to those values is going to make your customer’s life better/easier. For example, “Your health is our first priority, so we are committed to using only organic ingredients in our products.”

  1. What’s your best selling product/idea? Why?

You will, of course, know your best selling product. The “why?” here should tell a story about how your product will make your listener’s life better or easier. It does not include useless modifiers such as, “great, amazing, wonderful,” etc; for example, your night cream isn’t just “amazing,” it “protects against sun damage, reduces redness, and smoothes away fine lines.”

  1. Who is your biggest competition?

Your answer to this one should not name names—why give your competition free advertising? Instead, I recommend, “To compete is to imitate. There are some companies that have similar products, but none have X, Y, Z features (be specific) that ours does.”

Susan Gunelius

Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).

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Filed Under: Marketing Tagged With: business women, businesswomen, elevator pitches, faqs, frances cole jones, women in business, Women On Business

Comments

  1. Debbie Josendale says

    March 2, 2009 at 11:44 am

    Hi Susan,
    I love the three additional questions that you pose. In today’s intense market place being able to think on your feet and provide cohesive information goes a long way in building trust with prospects and clients.
    I also think that the pre-planned answers provide a strong foundation to use as you travel the social web. It’s like having your company cliff notes in your back pocket.
    Every time you build a company profile or leave a message or respond etc, you don’t have to reinvent the wheel. Simply use the information to build a consistent message about your company. Instead of creating a chaotic image, you will create a cohesive message that builds trust offline and online!

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