Pitch Challenge
Pitch Challenge: Module 5
How will you make money?

Greetings!

On the 4th of July, we marked the 244th anniversary of the adoption of the Declaration of Independence. Did you know that the Founders were also inventors and entrepreneurs? For example, Thomas Jefferson invented a swivel chair, Paul Revere was a silversmith, and John and Betsy Ross owned an upholstery shop. And we can’t forget Benjamin Franklin! He concocted the lightning rod and swim fins and operated a printing press. Learn more about his creativity from our friends at the Franklin Institute: click here . Do you have a favorite invention or business idea to share? Post on social media with #PitchWyoming or email us.

The Wyoming Young Entrepreneur Pitch Challenge continues with Module 5: How will you make money ?

Let's get started.

Watch the following video hosted by Heather Heath to learn about ways you can make money.
Selling Your Product

In this video, Heather explores sales, business models, and revenue models. She reminds us that mistakes and failures offer opportunities to make improvements! She is joined by Alicia Bretzman with Piney Island Native Plants and Sara Von Krosigk with Hatch & Handle. 
Now it's your turn.

Take some time to complete the exercises that Heather featured in the video and don't forget to register for Thursday's live meeting to walk through your video pitch upload process.
  • Revenue Model Examples: This resource will help you understand revenue models from Transaction Revenue (a one-time sale like clothing at American Eagle) to Service Revenue (the sale of a service like a haircut at your local barbershop). Click here.
  • Business Model Template: Use this template to develop your own business model. You’ll be better prepared to pitch your product or service to others and to be successful in your business. Click here.
  • Advertising Challenge: Complete this activity to help you learn how to communicate the most important information of your business model that will make customers want to buy your product or service. Click here.
Live Zoom Meeting

Live Zoom Meeting: Join us on Thursday, July 9 at 3:00pm to meet with other WYEP Challenge participants and mentors to walk through the video pitch upload process. Remember, you must register to receive the Zoom link. Register here .

Ready to Submit Your Pitch?

Submission Site Now Open: Wyoming Young Entrepreneur Pitch Challenge submissions are due Friday, July 31, 2020. Access the site here !
Yours in creativity,

Michelle Sullivan, Director
Wyoming Afterschool Alliance
Wyoming Young Entrepreneur Pitch Challenge Handy References
Visit wyafterschoolalliance.org/pitch-challenge | Follow us on Instagram @wyoming_ost | Use #PitchWyoming | Have questions? Call us at 307.335.9922!