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Unique Selling Proposition
Often businesses define themselves with
what is called a unique selling proposition. Many businesses
market their unique selling proposition to illustrate
the advantages of their product or services. When trying
to establish a unique selling proposition, it is crucial
to find ways to differentiate and distinguish your business
from your competitors, place emphasis on the positive
differences between others in the marketplace.
If you can not differentiate your company
based on what you sell, try to capitalize on how you
sell or support your products or services. A unique
selling proposition defines why customers should buy
from one business rather than a competitor.
The unique selling proposition (USP) can
be evident in all aspects of a business. Most often
USPs are conveyed through a slogan, a company motto,
or a brand. Think of the USPs that large brands have
used over the years, and what they are really saying.
Slogan: "Have it your way" - Burger
King
What they are really saying: We care about you,
what you want matters to us. We are willing to do things
different just for you, our customers are special to
us.
Slogan: "Keeps going and going
and going" - Energizer Batteries
What they are really saying: Our batteries are
superior to our competition, no one else has batteries
that last as long as ours.
Slogan: "We bring good things to
life" - GE (General Electric)
What they are really saying: We are a powerful
company. We do more than just one thing, you can rely
on us because we have history.
Slogan: "Can you hear me now?"
- Verizon
What they are really saying: Unlike our competitors,
our cellular coverage is very reliable. You will not
experience dropped calls or spotty coverage if you use
our services.
Slogan: "You've got questions,
we've got answers" - Radio Shack
What they are really saying: We excel at customer
service. We staff knowledgeable professionals to help
you make a purchase decisions.
Slogan: "When it Absolutely Has
to be There" - Federal Express
What they are really saying: Our packages will
be delivered, a competitors may not be.
Each business is highlighting it's strengths
and conveying a message that will instill confidence
and comfort in their customers.
While a USP is one of the best way to
successfully market a business, don't just focus on
the difference that appeals to you. Focus on identifying
and expressing what is unique about the product or service
that is of most importance to potential customers. The
USP should place emphasis on the single item that is
most important to prospective customers and distinguishes
your company above all others. Is it location? Is it
quality of materials? Is it superior level of service?
Another factor to consider when determining
a focus for USP is how easy is it for your competitors
to replicate. Many people make the mistake of using
"price" as their USP. Unless you are able to consistently
sell an exceedingly large volume, price is one of the
easiest things for competitors to compete with. Ideally
your USP should focus on something that others in your
industry cannot easily reproduce.
Leverage your business by defining and
using a USP in all aspects of your business.
About the Author:
Sharon Housley manages marketing for FeedForAll http://www.feedforall.com
software for creating, editing, publishing RSS feeds
and podcasts. In addition Sharon manages marketing for
NotePage http://www.notepage.net
a wireless text messaging software company.
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