Greetings!
As much as any business owner would hate to admit it, most businesses are not one-of-a-kind. Why do some companies do better than others in a homogeneous marketplace?
They have grasped the concept of their USP.
(see the 2 announcements below)
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What Make You Special?
The marketing term "USP" means 'unique selling proposition' or 'unique selling point,' and can be defined as the key factor presented by the seller as the reason that one particular product or service is distinct and better than the offerings of competitors. As a small business owner in a competitive space, unless you're able to define the USP of your business, you'll be unsuccessful at standing apart in a crowded market.
Here are a few tips to help you better understand the USP marketing term and its application:
- Start by considering the way your competitors use their USPs in marketing. Spend time examining their advertising and marketing messaging. Then take note of the companies that seem to stand out, and pay attention to the way they present their products or services. What are they saying? Are they really different to others? Have they manufactured their own niche?
- A USP can be based on a single or combination of the
four P's of marketing strategy: product, price, placement and promotion. Consider your business' offerings, it would make sense to use this knowledge to help you define your unique market position. - To make use of a USP in marketing strategy, you need to understand what makes your customers tick. Forget about your brand for a minute and consider your customers' needs, and how your business can satisfy them. Take it up a notch by considering how you could exceed their expectations to ensure that you retain repeat business.
- It's not always about price - build your strategy around
what your customers need and also want. Delve into your customers' minds to really try to understand what is their motivation to buy. You could go as far as to ask your customers to rate your business to give you an indication of what they expect and prioritize when using your service or products.
Once you have a better understanding of what your USP actually is, you'll be able to highlight it in your marketing strategy. At the end of the day, running a successful business is more about making your product or service stand out in a monochromatic marketplace rather than actually having a unique product or service.
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FORWARD THIS ARTICLE TO A FRIEND
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Solutions for Growth is Awarded the All Star Award
For the second year in a row, Solutions for Growth has won the prestigious All Star Award from Constant Contact. The award, awarded to the top 10% Solution Providers reflects the solid results we achieve for our clients.
We wanted to share the great news and express our gratitude to our loyal customers and friends, for receiving this honor. It's thanks to you that we get recognized for the work we put behind the email newsletters, invitations, surveys and Social Campaigns we create and manage!
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We're Growing!
Sandra Sarson recently joined the Solutions for Growth team and will serve our clients in the role of Marketing Coordinator. Sandra has a strong background in marketing and client services having worked for some of the country's leading direct marketers.
Clients will enjoy Sandra's expertise in creating and managing their email newsletters, websites and printed material.
We are thrilled to have Sandra join our growing team!
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Upcoming Presentations
Several free presentations are scheduled in the next few months (new subjects too)!
You can view and register for them here.
If you would like to have us present at your organization or know of a group that would enjoy hosting a presentation on small business marketing, please email or call 914-533-7226.
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Wishing you all the best for effective marketing!
David Fischer
914-533-7226
© 2013 Solutions for Growth LLC, All rights reserved.
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 | David Fischer |
Let's discuss how we can grow your business!
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Solutions for Growth is a marketing consulting firm that helps small businesses grow by increasing their sales through practical and achievable marketing tools.
Services include marketing advice and strategy, online and offline customer acquisition and retention tools (new and revised websites, email marketing, social media, Google AdWords and printed material), sales development, retail layout and signage.
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