What I Learned from the ‘Perfect Pitch III” Contest @ Blogalicious!

Alfred Edmond, Jr., Me and Zara Green

Alfred Edmond, Jr., Me and Zara Green

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.

If you need help with any part of your business plan visit www.BlackEnterprise.com and Wells Fargo Works for Small Business

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.comEvent Recap: Blogalicious ’15 #BYOE15

Diana of SistersWithBeauty.com5 Ways to Maximize Engagement at a Blogging Conference

Be Happy.  Be Fabulous.  Be Well Traveled.

By The Travelin Diva ~ Kirstin N. Fuller

Author: The Travelin Diva

Self proclaimed 'Travelin Diva,' Kirstin is a DC native and graduate of Howard University! Pursuing her dreams in 2007, Kirstin launched the travel magazine Reservations Travel Guide which led her to start the fabulous travel blog www.Passenger156.com to showcase the latest travel news, innovative travel products and the worlds' hottest destinations and deals. Be Happy. Be Fabulous. Be Well Traveled.

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5 Comments

  1. YOU KNOW I MISSED THE ENTIRE PITCH…. So this post gave me EVERYTHING I needed..:) Thanks for recaping.. One day my pitch will be on that stage right along with yours and honey.. WE WILL BE READY..:) #BloggerBoo

    Post a Reply
  2. These are some really great takeaways and lessons learned! I missed most of it so thank you for capturing and sharing.

    Post a Reply
  3. I am here for this, as a small business owner this is the type of content that speaks to me. I will make note of these tips and apply them to my business. This is a nice chunk of change to win, I could really take the business to the next level.

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  1. Moms 'N Charge From Rookie to Expert - Blogging Tips For Success #BYOE15 Style - Moms 'N Charge - […] Kirstin of Passenger156.com: What I learned from the Perfect Pitch III Contest @ Blogalcious […]
  2. Event Recap: Blogalicious '15 #BYOE | The Style Medic - […] Kirstin of Passenger156.com: What I learned from the Perfect Pitch III Contest @ Blogalcious […]
  3. Building My Empire: Blogalicious Recap Part I - MimiCuteLips - […] Passenger 156 –What I learned from the Perfect Pitch III Contest @ Blogalcious […]

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