Double your business? Just thinking what it would take is scary, isn’t it? Almost regardless of whom you are or what you do, you have bigger and often better competitors. The market leaders. And if you have no competitive advantages, no understanding of the secrets of unique selling points (USP’s), you really can’t compete.
But with extraordinary unique selling propositions, it certainly is another matter. And knowing these 10 secrets can help you with building fantastic unique selling points for your business.
Here is a 3-minute video that will refresh you on this subject:
Value Proposition Canvas Explained
So let’s turn our attention to these 10 secrets to deriving the best unique selling points possible.
Secrets of unique selling points … # 1 Best value
The most useful definition of unique selling propositions (USP) is a believable collection of the most persuasive reasons people should notice you and take the action you’re seeking.
This way, it guides your decisions much more clearly and can be used as the basis for marketing messages.
If you don’t have strong selling propositions, people don’t have good reasons to do either of those.
For example, if your online bookstore has average selection, decent prices, delivery, a guarantee, good customer service, and a website, why would anyone buy from you? There’s surely a competitor who beats you in at least some of those aspects.
You don’t have to be the best in every way. Sure, it’s great if you are. But realistically, it’s difficult enough to be the best couple of ways.
However, if you’re the best in at least several ways, you’re the best option for the people who value those propositions.
Starbuck’s doesn’t have the lowest prices. Amazon isn’t the most prestigious book seller. Zappos’ isn’t the easiest way to shop. People buy from them for other reasons.
So, if your bookstore has the largest selection, for example, but the other things are just average, the people who value a large selection have a reason to buy from you.
You must have some product or service elements that are unique. Something has to make you the best option for your target customers.
Otherwise, they have no good reason to buy from you.
Secret #2 Heart of the proposition
The heart of a winning unique selling proposition is the end result experiences of value a business intends to deliver to its target customers. The end result experiences. For example, a customer shopping for an electric drill is looking for one that can deliver holes as easy and conveniently as possible. Also one that can deliver the most multiple functions.
Unique selling points examples … secret #3 Articulate for customers
Unique selling propositions need to be articulated for customers … not for your products, services or business processes. Products, services, processes are the vehicles for the proposition delivery.
Secret #4 All businesses have unique selling propositions
Customers perceive relative value in any proposition, even implicit ones … so every business delivers a unique selling proposition (explicit or implicit). You need to design it explicitly. Don’t let it happen by chance.
Become your customers.
Secrets of unique selling propositions … #5 become your customers
“Become” your customers instead of just asking them what they want from your business. Listen, observe and study to creatively infer from what customers DO.
Secret #6 Multiple unique selling propositions
When your customers have customers, different USPs are required for different players in the value delivery chain.