How
to Identify and Make the Most of Your
Business's Special Something
How much thought have you given to what's
unique about your ebusiness... its competitive
edge? Many new web entrepreneurs are in
such a hurry to get their site up and
running, they breeze past this extremely
important question.
Your
unique selling proposition (USP) is
what sets you apart from your competitors
and answers your prospect's most pressing
question: "Why should I buy from
you and not them?"
Ideally,
establishing a USP should happen in
the planning stages of any new enterprise.
But it's never too late to do your homework.
Why
bother, you ask?
In
a word, competitiveness. Ability to
compete and thrive. There was a time
when you could open a bakery or a shoe
store and as long as it was the only
one in town, you'd do okay. You didn't
need an edge; you had a monopoly.
But
for those of us operating in a slightly
more competitive environment, our uniqueness
becomes staggeringly important.
In
my work as a website content writer,
I spend a great deal of time getting
to know my clients and finding out what
makes their businesses tick. I ask a
lot of questions but none causes more
grief than this one:
"What
can your product/service offer that
your competitors' cant? In other
words, what is the unique advantage
that sets your company apart?"
Some
ignore the question completely. A shocking
number reply that they dont have
a competitive edge, theyre just
the same as everyone else!
And
most respond with "customer service
that's second-to-none", "the
lowest prices", etc.
Cliché
slogans don't make you unique, they
make you the same... and that's exactly
what we want to avoid!
So
I'm going to ask you to do something
you may find difficult and uncomfortable.
I'm going to ask you to take a step
back from your business and observe
it from a customer's perspective.
Then
ask yourself, "Why should I do
business with this company? Does this
company offer me something I really
need, like..."
An easy-to-use e-store?
Unusually fast delivery?
Unusually fair shipping rates?
A money back guarantee?
Information about a subject I'm interested
in?
A discount or a freebie?
Here's an example of a great USP in
action. A personal coach I know wrote
an ebook on how to succeed in life and
business. There must be a squillion
ebooks on similar topics out there,
but she made hers unique and competitive
by packaging it with three months of
free consulting advice by email -- a
terrific value.
By doing so, she sweetened her deal
and differentiated herself from all
the other self-help book sellers.
Creating
a product of outstanding value is a
great way to create uniqueness. (By
the way, it's okay to have several USPs
because your business may have more
than one competitive advantage.)
So...
if you still think your company isn't
unique in any way, it's time to create
a brand new USP by asking yourself:
How can I help my customers in unique,
value-laden ways?
What do my customers say they like about
me/my business?
What am I most proud of about my company?
What can I add to my range of products
and services that my competitors don't
offer?
Go ahead... get a pen and write down
your answers. But just remember, if
your USP contains words like better,
faster, cheaper, easier, or any other
comparative statement, be prepared to
back it up with facts like performance
statistics, price comparison charts,
testimonials, or whatever proof you
have.
Bold statements without proof are puffery
and there's already way too much of
that floating around!
Now
you need to find out what your competition
is doing. It might take some time to
identify your competitors and evaluate
their USPs, but it's worth the effort
because it will reveal their weaknesses,
which you can then adopt as your strength,
your something special.
Finally,
now that you've nailed down your special
something, it's time to start splashing
it around:
Use it in your promotional copy.
Add it to your logo in the form of a
tagline.
Include it in your ads, promotions,
and business cards.
Mention it in conversations with prospects
and clients.
Add it to the signature file of your
email program.
Make it the subject of a press release.
Above all, keep your business's uniqueness
at the top of your mind. That way it
will show up in everything you do. And
money can't buy that kind of promotion
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