Do your VP, USP and UBA give you an unfair advantage?

They should do … but do you know the difference between a VP, USP and UBA? Indeed how do they relate to each other

Lets start by finding out what Wikipedia has to say on the subject…

  • The value proposition is an analysis and quantified review of the benefits, costs and value that an organization can deliver to customers and other constituent groups within and outside of the organization. It is also a positioning of value, where Value = Benefits – Cost (cost includes risk)”
    so a socially responsible organisation should have one to communicate its value to customers. A VP  is a distillation of all that business stands for in a few sentences. Some of it may even be expressed subliminally by the real estate [physical or virtual] that the company occupies,  the atmosphere its projects and the way it is maintained [or not]
  • The Unique Selling Proposition (also Unique Selling Point) is a marketing concept that states what is unique about a company’s product so that a customer can identify why he should buy it rather than one similar made by someone else so an effective marketing strategy must have one to express why the company’s product is remarkable
  • The Unique Buying Advantage is the benefit that your prospect perceives that actually convinces him to buy that product

    so the UBA is in the customer’s head and the USP is in the company’s head. If  the two are the same, you have bonded with your market successfully. If they are different, your marketing is off pitch and needs refining. Remember, its not about what “you” sell. Its about what  “your customer” buys .

So the Value Proposition projects your company value. The Unique Selling Proposition states what remarkable benefit your product delivers and the Unique Buying Advantage is your customer’s view of the unique benefit that he or she perceives.

To be successful, all of these unique messages have to be congruent.

Your Customer Avatar

So logically before you lift one finger to develop a product, you must first know your ideal customer really really well.

Perhaps the easiest way to do this is to build up an imaginary picture. An avatar as Eben Pagan calls it. Give your avatar a name. Let’s call ours, Jon. Now find out how old Jon is. Whether he went to college. how much he earns. Is he married? How many kids does he have? what age are they? where does he live? What websites does Jon visit?  and therefore  what are his wider interests [this will help with your media buys]? Find out as much as you possibly can. It may require a bit of detective work but really get inside Jon’s head and know what makes him tick. What really pulls his chain? What are his hot buttons and why? what causes him pain and what does he enjoy?

Do some lateral thinking and brainstorming to piece Jon together. Your time will not be wasted.

Your Company Avatar

Your Value proposition is your company avatar. It should mirror your ideal customer. It must reflect his beliefs. He must be able to bond with it emotionally and feel comfortable with it. This is why major brands choose to sponsor sportsmen or women. These champions are the company avatar, the embodiment of the company’s value proposition.

Conclusion

Your customer will not be convinced if he senses something incongruent in the messages that he is picking up so be real and be authentic.  You must walk the talk and talk the walk.

There are no short cuts. No quick buck. Do the work and you will be  rewarded by not having to ‘sell’ your product. It will seem like a no-brainer. Why would anybody NOT want to buy it. They’d be mad to pass up an offer like that. They cannot even understand how you can even make such an offer AND make a profit. The scales are weighted in their favor by the value that your deliver. The price is a strictly secondary consideration.

Getting your offer right is vital but sadly, not every business or product is ready for the level of inspired launch marketing that we deliver.  Take 5  minutes to tell us why you and your product really are different. We’ll get back to you within 48 hours.

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Rory Ramsden

Specialist focusing on getting new products ready to launch and re-launching ever-green products to the online community. What can a Product launch marketing do for you? - Significantly increase your ROI - Explode the size of both prospects and client email lists - Build strong rapport between your clients and your company - Dramatically increase the number and quality of your JV partners and affiliates - Make your business the 800lbs Gorilla in your market - Leverage your newly found cash flow and positioning to accelerate your growth - Send employee morale soaring to new undreamed of levels To get these benefits, we'll assist you to develop a strategic and tactical plan for your coordinated launch…There are a myriad of tools and tactics to use in an online product launch including - email lists - blogs - surveys - special reports - sales letters - autoresponders - video and audio presentations - webinars - squeeze pages - Social Media - Networking As professional product launch manager, we will help you select the most appropriate for your needs. Remember Product Launches work for all types of products and services, evergreen or new so contact me to find out more +33637500988 Specialties The Launch Systems Toolbox This limited consultancy will assess your state of readiness in 6 key areas. The fee is typically set against our fees for piloting your complete launch. [http://www.prolaunchmanager.com/launch-ready]