I’m really just getting back into the rhythm of things after traveling to Baltimore last week to attend one of my favorite bloggers conferences Blogalicious. This was my third year attending and my first year speaking (woo hoo!). I shared the speaker stage with my blogger buddies Christine St. Vil (MomsNCharge.com), Diana Ramsey (SisterswithBeauty.com) and Te Espinoza (TheStyleMedic.com) in our session ‘Stealing is the New Wack: Google Images Are Not Your Friend!’ One of my favorite events at Blogalicious is the Perfect Pitch contest. It’s an intense business pitch contest with the winner walking away with $5,000 to fund their business and priceless business advice from the judges which included Alfred Edmond, Jr. SVP/Chief Content Officer of Black Enterprise Magazine.
It was a great competition again this year. I commend this years’ finalist and congratulate this years’ winner. I was glued to my seat this year during the competition but I also viewed the competition as a learning experience. I learned three valuable lessons from the ‘Perfect Pitch III’ contest. Want to know what they are? I wrote a song about it…here we go (lol)…
- Be clear, concise and on point! An investor meeting or in this case the pitch contest is not the place/time to beat around the bush with your product concept/idea. Time is money and when you’re making your presentation to a potential investor aka the judges, you have to be clear and concise when communicating your product and what problem your product solves. A potential investor should NEVER have to ask you after your presentation what you’re selling.
- Relevant information only please. Investors want to know what the funds will be used for but you must walk this line with extreme caution. Only reveal plans that are relevant to bringing your product to market, marketing/promotion efforts or driving future sales. Revealing any other plans or not communicating your plans thoroughly may alienate potential investors and make them think you’re going to waste their investment funds.
- No WAG’s! By WAGs they do not mean wives and girlfriends of professional athletes as the new reality show suggests. WAGs means no ‘wild ass guesses’ in terms of your financial projections. Google is real and free! In short do your research, do your homework and add real financial projections and data to your business plan and your presentation.
Because there was way too much dope content and info to cover, I got together with some of my favorite blogger boos to bring you some more great #BYOE15 recaps. So be sure to check out some more blogging tips for success by:
Christine of MomsNCharge.com – From Rookie to Expert: Blogging Tips for Success #BYOE15 Style
Mimi of MimiCuteLips.com – Building My Empire: Blogalicious Recap Part
T. Espinoza of TheStyleMedic.com: Event Recap: Blogalicious ’15 #BYOE15
Diana of SistersWithBeauty.com: 5 Ways to Maximize Engagement at a Blogging Conference
Be Happy. Be Fabulous. Be Well Traveled.
By The Travelin Diva ~ Kirstin N. Fuller