Thursday, June 25, 2009

Concise Elevator Pitch for The Newspaper of the Future.:

Here is a concise elevator pitch for the media business plan outlined below:

It has 14 elements, but listed in 15 bullets. That is because many buildings which have elevators have no 13th floor.

So think of the elevator pitch this way - one bullet per floor. It is a moderately slow elevator, so there is time for about 30 characters per.

In the bullets I also address the points brought up in reviewers' comments.

  • Lobby - Meet the Local Newspaper of tomorrow.
  • Floor 1: - Aggregated and original news from 100's of citizens in area.
  • Floor 2: - Led / trained by small team of trained journalist - mentors.
  • Floor 3: - More than "local forum" - has pointed editorial voice.
  • Floor 4: - Optimized for local breaking news, mobile video, real-time chatter.
  • Floor 5: - Digital media rich - social networking-style posting
  • Floor 6: - Advertisers part of "the conversation" - reviewable and responsive.
  • Floor 7: - Advertorial copy part of the story - but clearly framed as such.
  • Floor 8: - Sponsorship by institutions and companies attractive and rewarding.
  • Floor 9: - Print summary published as local magazine following digital
  • Floor 10: - Print delivery, premium features and recognition to paid subscribers.
  • Floor 11: - Start with (or buy) existing local social networking site(s).
  • Floor 12: - Develop with minimal investment, a few select "pros" and passionate amateurs.
  • Floor 13: - Does not exist.
  • Floor 14: - Expand to regional platform but keep each local site intensely local.
  • Observation deck.

2 comments:

  1. Allen your elevator pitch confuses me...I know you have a lot of experience with this kind of stuff though. Is this how they do it in real life when companies get together with projects and create elevator pitches?

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  2. Well that was the long one for last week. I am getting ready to post the short one for this week. This one is more like a real "elevator pitch."

    To answer how companies (or salespeople) usually pitch things like this - it is usually a very simple "pitch." You have to start with some warm introduction, either now the person or small talk. The you have a small package of points - 1-2-3 get their interest and introduce - give quick details - summarize and "close" (ask for some commitment).

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