Monday morning, it is time to think how to get explain your company is all about!
Many people got tangle when start to explain what their company doing and sometimes I get people confuse. Try the below to get some insight!
Step one: No jargon. Ever. “Often we make assumptions that others are familiar with certain business terms,” says Janezic. “But someone [who is confused] may nod their head yes because they don’t want to look uninformed.” No matter how many times you tell your customers that “ninjas” are what you call your customer service reps, most people will still envision throwing stars and leg kicks. A startup that uses a different language is effectively saying, “We’re for people who speak this language.” That may turn out to be a small group.
Step two: Think about what comes first -- your product, or your customer’s needs? “If you describe a problem your product solves to a prospective client, your client can say, ‘That’s me,’” he says. Now your sales job just got a lot easier, because you’ve already hooked them -- by offering your solution for their problem.
That approach is working for ShirtProp founder Jon Rogers, a 42-year-old sales manager from White Plains, N.Y., with a Ph.D. in chemistry. He ponied up $3,200 for a patent (pending) on his creation, which is a clear, self-adhesive strip that fits inside a dress shirt along the buttons. And why would someone need that? Here’s why: Whenever men wear dress shirts unbuttoned at the top, their shirt collars sink into a broken V-shape at their chests. That looks sloppy. But the ShirtProp adds a healthy amount of rigidity to the collar line, keeping it upright and professional.
Now you understand it -- but it took a long paragraph to explain. Rogers needed to move faster than that, and eventually he developed a solution: graphics and videos on his website. “We found you really need to have a ‘before’ picture and an ‘after’ picture,” he says. “After seeing the problem, the lightbulb goes off for people.”
(And if Rogers wanted to go a step further, Richard, the communications professor, has a suggestion for him: “You can go down to business districts and have street teams of people stop anyone who has shirt flop and give them a ShirtProp for free,” he says. The stunt would do more than just raise awareness: After explaining the product over and over, street team members will naturally refine their pitch and figure out what’s connecting best with customers. Then they can report back and help ShirtProp refine its language.)
Even if a business does pitch itself clearly, its language could become outdated. That’s what happened with CampusJob. The company began in 2014 as a platform to help college students find part-time gigs during the school year. Then those same students wanted to use the website to find summer internships. “But why would I go to a site for campus jobs when I am looking for a summer internship?” says cofounder Liz Wessel. “That’s when we decided to expand our horizons to summer internships and jobs.” But after graduation, those same students wanted to use CampusJob to find full-time employment -- and that’s when the company ran into trouble.
“The second your name is a barrier to your growth, there is a huge problem,” says Wessel. “We have an easy-to-use product, so let’s have a simple name.” With more than 500,000 student profiles and 9,000 corporate customers like Google, Uber and Red Bull, the company was afraid that a name change would cause people to think it was changing its core product. But the risk of not acting seemed greater.
So, last summer, CampusJob became WayUp. The company bought a new domain name, hired a student to design its new logo and discovered that business hummed along as usual. “WayUp summarizes what we want to do for everyone -- help them find a way up,” says Wessel. Now its website screams out six simple words that encompass every part of its business: “Students & recent grads -- get hired,” it says.
After three years in business, the CatSpring Yaupon Tea sisters are also contemplating some changes. They’ve scored press in foodie-friendly magazines like Garden and Gun, Lucky Peach and Southern Living, and that’s helped them grow at a steady clip. Revenue rose 400 percent from 2014 to 2015, and they’re up 400 percent year-to-date in 2016. In shipments to customers, they always include a postcard that explains the finer points and heritage of yaupon. “What’s great is that 30 to 40 percent of new customers are coming back for more yaupon as repeat buyers,” Falla says.
But as they talk to those new fans, they’re noticing something unexpected: “A lot of people who enjoy it say they don’t like tea,” she says. That’s because, as it turns out, there’s a big benefit to not being tea: Yaupon doesn’t contain the bitter tannins of regular tea, which makes the drink smoother and not pungent. The word tea may not have been necessary all along. Maybe, for some customers, it’s actually a deterrent.
On August 15, CatSpring Yaupon Tea went through a rebrand. The company’s name became simply CatSpring Yaupon, and its website went from catspringtea.com to catspringyaupon.com. The company will now focus more on the yaupon plant rather than the resulting three-letter word. “Tea will appear as a description,” says Falla. “Yaupon is like a tea. But we’re dropping it from the title.”
Finally, they figured out how to describe their company.
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