The biggest challenge in launching a
new product is being able to
articulate, in a
The biggest challenge in
launching a new product is being
able to articulate, in a very
concise and articulate manner, what
marketing people like to call your
Unique Selling Proposition or USP.
Most entrepreneurs do not
understand how their buyer thinks.
They think like a seller. Therefore,
they state their USP like a seller.
For example, a pastry shop I
recently visited had a slogan: "We
provide highest quality pastries for
our community: if you care we care."
Okay. This USP is not only
seller-focused, it is poorly
written. I would prefer to see: "We
offer the tastiest pastries in [XYZ
County], fresh every morning by 6:00
a.m., guaranteed." See the
difference? This USP is specific,
states it in the BUYER's
perspective, and offers a guarantee.
Buyer's like specifics. Buyer's like
guarantees.
Another example of a good USP was
Domino's Pizza: "We deliver hot
pizza to your door in 30 minutes or
less, guaranteed." Now, they didn't
say it would be the pizza with the freshest
ingredients, or the best tasting
pizza, but they did offer a
guarantee and they promised it would
be hot pizza. Bingo - a success.
Do you know your firm's USP? If
not, we recommend hiring a
professional firm to help. The most
successful companies have a
well-defined USP. The companies who
fail do not define their USP
properly. Contact us if you want
ARRiiVE Business Solutions' Identity Team to help
you with your USP (use feedback link
below).