Sep 10
Can you explain what makes a good pitch?
Very interesting question because a pitch is like a piece of art. That’s why its “Art of the Deal” or “Art of the Pitch”. It can be anything from your hand movements and eye contact to the information you’re providing. To the way your voice fluctuates during key moments or the silence and the way you reply to the questions that have been asked. It is for YOU to maximize all the attributes you have as a person when communicating and to try to stay away from your weakest points to provide the best pitch possible. Of course, it’s always best to have as much information that you can provide, but they say 70% of communication is body language, 20% is how you say it, and 10% is what you’re saying.
Good Luck!
Daymond John
Sep 10
To be considered for Shark Tank, how much detail on their business does a contestant have to provide? I was surprised that the Turbobaster lady got a deal with no understanding of the market, costs, or even a working prototype. Don’t get me wrong, I was happy for her, just surprised!
The contestants are screened to see if they have criminal records, AND, if they own the actual business or domain that they are pitching. The reality is that a lot of people do not know market share, the cost of prototypes or have great business plans. Shark Tank allows people to come onto the show and pitch in that exact format! Naturally, that is apart of the entertainment, as well as the education. If you don’t know your own business, you will sink.
Good Luck & hope to see you soon on the show!
Daymond
