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In order to successfully market itself, every business owner
needs to focus on what's special and different about his or her
business. The best way to do this is to try to express this
uniqueness in a single statement.
Rosser Reeves was the author of the phrase, "unique selling
proposition," or USP, which is a unique message about itself versus
the competition that each business or brand should develop and use
consistently in its advertising and promotion. By USP we don't
necessarily mean a slogan or a phrase that will appear in your
advertising, although that's one possible use for it. However, at
this point we're focusing on its usefulness as a tool to help
you focus on what your business is all about.
If you cannot concisely describe the uniqueness of your idea (and
create some excitement in potential users), you may not have the
basis for a successful business.
There are several questions to ask about your business to
determine a USP:
- What is unique about your business or brand vs. direct
competitors? You'll probably find a whole list of things that set
you apart; the next questions will help you decide which of these
to focus on.
- Which of these factors are most important to the buyers and
end users of your business or brand?
- Which of these factors are not easily imitated by competitors?
- Which of these factors can be easily communicated and
understood by buyers or end users?
- Can you construct a memorable message (USP) of these unique,
meaningful qualities about your business or brand?
- Finally, how will you communicate this message (USP) to buyers
and end users? Marketing tools to communicate USPs include media
advertising, promotion programs (e.g., direct mail), packaging,
and sales personnel.
For examples of USPs, think about different brands of products
you've seen advertised on TV. What's the main message underlying the
ad? Different brands and types of products utilize different primary
themes, attributes, or ideas associated with each brand. For
example, cigarette, liquor, and perfume advertising tends to sell
brands based on emotional, "borrowed values," instead of strictly
product features. Users are encouraged to fantasize that they may
accrue the "benefits" of sex appeal or a more satisfying/fun
lifestyle, perhaps portrayed by the famous or beautiful
spokespersons for a particular brand.
Food products may also utilize borrowed values in addition to
describing product features and benefits. However, products like
medicinal brands (e.g., cough and cold products) work hard at
identifying and promoting unique features that will provide more
relief faster than competitors. For these types of products, the way
the product works is the most meaningful factor for customers.
The simple test of determining whether you've constructed a good
USP for your business is whether it sells for you! If it sells your
business or brand, your USP is meaningfully different. If you've
been in business for a while, you may have constructed a USP
unconsciously. For example, if you decided to provide free delivery
service to your customers because no one else in town is doing it,
you've constructed a USP based on service that you are communicating
to the intended target buyer. If, however, you offer free delivery
service because everyone else in town does so and you need to
provide it simply to keep up with the competition, it's not
something that sets you apart and should not be the focus of your
USP.
For many small businesses, packaging,
sales materials, and sales personnel may be the only marketing tools
affordable. It is even important to clearly determine your USP to
communicate with these limited means. |