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Unique Selling Proposition: Flying Blind Without the 2 Secrets of the
USP
Do you know what your
unique selling proposition is? Can you spout it off to someone in less
than three sentences? If you don't know what it is, or can't succinctly
say it, you may need help. Soon.
Formulating your unique
selling proposition is the most important strategic marketing task you
will ever do. What is the U.S.P? It's defined as the way you do two key
things up front: you differentiate yourself from all your competitors;
you do it preemptively. Let's take each of those concepts in turn.
First, you have to be different from the others. People are attracted to
and buy products or services from those who are "different" from the
crowd. In today's sea of mediocrity with its me-too, commoditized
products, the one that stands head and shoulders among the rest, is the
one that wins.
Unfortunately standing out
is not quite enough. That kid in the fast food joint with the purple
hair and the ugly ring in his nose sticks out as being different, but
that's where it ends. You have to do this well, positively;
preemptively. It's not enough to be different, Anyone working hard and
observing what everyone else is doing, can do that. At least until
everyone else now has purple hair and rings in his nose. Then he's no
longer different, just another sheep: like all the rest.
What's required here is
being the first one into this market space; or being the first one with
a new way of 'being or doing' things. In this case, a way that does not
easily allow others to copy-cat him with their stale rendition of what
he has worked so hard to do. Naturally, this is where patents come in,
but that's another whole discussion. We're talking here about how we
offer or do something in a unique way; in a way that essentially
"preempts" your competition. The key concepts are: "unique" and
"preemptive."
Remember that old example
of Avis up against Hertz. When Avis came out with the slogan: "we're #2,
but we try harder," they did two key things. First, they stole what we
call the "underdog position." They were the first to do so in the rental
car market. Then they also differentiated themselves by claiming
superior customer service in that same market segment. Now they owned
this valuable "underdog" position in the minds of the consumer.
Everyone cheers for the
underdog, right? Now Avis was it, up against huge monolithic #1, Hertz.
Hey, let's hear it for the little guy! The second very smart marketing
thing they did was differentiate themselves by letting their prospective
customers know – in advance – just how much harder they would work for
and to keep his business. In those days, no one was pointing out the
'Emperor's new clothes.' The big guy was weak on service. Avis had done
their marketing research. They learned the weaknesses...and the
strengths...of their bigger competitors. They knew to stay away from the
things the bigger rival could easily do because of size, economies of
scale, or available resources. When the lawsuit launched by Hertz
against Avis finally came to court, Avis now was #2. Really. When Avis
originally launched their campaign, they actually were #5...or worse.
If you are going to succeed
in your business, large or small, you can't do without an incisive
marketing strategy that incorporates the use of the Unique Selling
Proposition. The concept was first developed in the late 1940s by Rosser
Reeves, then working at Ted Bates Advertising in NYC. It has stood the
test of time, and is even more relevant and important to success today,
60 years later. Why? Because now we have many more products, sizes, line
extensions, colors, shapes, you name it. We have more companies
competing for the same scarce dollars in the customers' pocketbook.
There is only room for those marketers who understand this
hyper-competition.
Those who are willing to
sit down, take a bit of time, study the market and the host of
competitors. Those who will produce products, services, or experiences
that are different from the others. Additionally, there are those who
want to be the first one in the marketplace to do so in such a unique
way. They make it very difficult to copy them, without looking exactly
like nothing but a cheap copycat version of the "real thing."
©Copyright, Roy W.
MacNaughton, 2006
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Roy MacNaughton
is a niche marketing coach and business writer. He’s a seasoned
marketer, with more than 30 years of international marketing
experience, including nine years online. His new e-book, (Marketing
Yours), teaches solo practitioners, entrepreneurs and professionals
how to market their most important product. Learn more at his blog:
http://www.UmarketingU.com |
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