Creating A USP That Wins In Any Market
July 27th, 2008
What Is Unique Selling Proposition (USP)
What is USP?
A unique selling proposition (USP) defines your competitive advantage. Your must identify what makes you uniquely different from your competitors and emphasize these benefits in your marketing.
How To Create a USP
The basis for your strong USP is your customer value proposition. In other words, we describes the customer problems, the solutions that addresses the problem, and the value of this solution from the customer’s perspective.
Today, customers have more requirements and expectation. Their perspectives extend beyond best price and best products. They look for the complete solution to the problem they are facing. Hence, before jumping into any business, first carry out a survey of the existing problems faced by the consumers for your niche market. We can do that easily through forums, keyword research and from articles directories.
In addition, customers desire fast results from the services and products they use; hence providing value through customers’ intimacy is a key to make ours different from the rest.
Questions To Ask Before Creating A USP
1. Have you created a new product or service?
2. What customer value have you created?
3. Were you offering something new to the market, or to fulfill the needs of the customers and helping them to solve their problems?
Make a list of key features and unique benefits to the customers. Ask customers what they like best about your product, your services, or your company. Make a competitive analysis of what you offer compare to your competitors. Then brainstorm to generate a choice of ideas that will give you the basis for writing a strong, specific and differentiated USP.
Stressing On a Specific Benefit to the Customer
As many products are similiar in offering the main benefit, you must single out the main advantage your product offers over the competition. In your sales page message, you must find an important benefit unique to your product or service in one of three ways.
1. Product feature. This USP may be based on product features related with the product, ranging from what it does to the quality of your support services.
2. Emotion. The USP may carry an emotional appeal, such as love, humour, or fear.
3. Association. The USP may be communicated by connection with a well-known personality, marketers and etc
Common Problems Faced By Customers And Why They Reject Your Offer
a) Not Enough Time, I’m Very Busy
b) Not Enough Budget, Your Product Is Too Expensive, I Cannot Afford It
c) Is Your Product Really That Good, Prove To Me
d) Do I Really Need Your Product
e) What Kind Of Benefits I Had By Purchasing Your Products
f) Insecure, I’m Not Sure If It’s Another Scam
In fact, if we are able to tackle the all the questions above, we can open the doors of our customers’ heart to trust our proposition and business. Sales is definitely on the way.
Customers for Life
By: Brian Tracy
What is the purpose of a business? Every time I ask this question during a business seminar, the immediate answer that I get back is, “To make a profit.”
The Real Purpose of A Business
But this answer is wrong. The purpose of a business is to create and keep a customer. If a business successfully creates and keeps customers in a cost-effective way, it will make a profit while continuing to survive and thrive. If, for any reason, a business fails to attract or sustain a sufficient number of customers, it will experience losses. Too many losses will lead to the demise of the enterprise.
Why Businesses Fail
According to Dun and Bradstreet, the single, most important reason for the failure of businesses in America is lack of sales. And, of course, this refers to resales as well as initial sales.
So your company’s job is to create and keep a customer, and your job is exactly the same. Remember, no matter what your official title is, you are a salesperson for yourself and your company. And the best way to increase your value as a salesperson is to build your customer base.
Why Businesses Succeed
The two most important words to keep in mind in developing a successful customer base are Positioning and Differentiation.
Positioning refers to the way your customers think and talk about you and your company when you are not there. The position that you hold in the customer’s mind determines all of his reactions and interactions with you. Your position determines whether or not your customer buys, whether he buys again and whether he refers others to you. Everything that you do with regard to your customer affects the way your customer thinks about you.
The Key to Competitive Advantage
Differentiation refers to your ability to separate yourself and your product or service from that of your competitors. And it is the key to building and maintaining a competitive advantage. This is the advantage that you and your company have over your competitors in the same marketplace – the unique and special benefits that no one else can give your customer.
Select Your Customers Carefully
When you begin to think about acquiring and keeping customers for life, you need to think about the particular types of customers for whom your competitive advantage is so important that they would be poorly served by using anyone else’s product. You need to then emphasize again and again that the special features and benefits you offer are so important that they should not even think of going somewhere else. If, for any reason, you fail to do this, you may lose the customer and all the work you’ve done in building that relationship in the first place.
Action Exercises
Here are two things you can do immediately to put these ideas into action.
First, determine exactly what your current positioning is today with your customers. How do they think about you and what do they say? How could you improve your positioning?
Second, determine your exact competitive advantage, your area of superiority in what you do. How can you increase in your area of excellence and then convey it better to your customers?
Note: Brian is one of America’s leading authorities on the development of the human potential. He is the best selling author of 23 books, has trained 2 million people in 23 countries and his clients include IBM, Verizon Wireless, Bank of America and thousands of people just like you
“Give your customer three options that they can compare without memorization. Make it quick, make it easy, and add value. – Just like that.” – John Mehrmann
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