Here's how to uncover your USP (as in: unique selling proposition) and use it to power up your sales:
Put yourself in your customer's shoes.
Too often, entrepreneurs fall in love with their product or
service and forget that it is the customer's needs, not their own, that they
must satisfy. Step back from your daily operations and carefully scrutinize
what your customers really want. Suppose you own a pizza parlor. Sure,
customers come into your pizza place for food. But is food all they want? What
could make them come back again and again and ignore your competition? The
answer might be quality, convenience, reliability, friendliness, cleanliness,
courtesy or customer service.
Remember, price is never the only reason
people buy. If your competition is beating you on pricing because they are
larger, you have to find another sales feature that addresses the customer's
needs and then build your sales and promotional efforts around that feature.
Know what motivates your customers' behavior and buying
decisions.
Effective marketing requires you to be an amateur psychologist. You need to
know what drives and motivates customers. Go beyond the traditional customer
demographics, such as age, gender, race, income and geographic location, that
most businesses collect to analyze their sales trends. For our pizza shop
example, it is not enough to know that 75 percent of your customers are in the
18-to-25 age range. You need to look at their motives for buying pizza --
taste, peer pressure, convenience and so on.
Cosmetics and liquor companies are great examples of industries
that know the value of psychologically oriented promotion. People buy these
products based on their desires (for pretty women, luxury, glamour and so on),
not on their needs.
Uncover the real reasons customers buy your product instead
of a competitor's.
As your business grows, you'll be able to ask your best source of
information: your customers. For example, the pizza entrepreneur could ask them
why they like his pizza over others, plus ask them to rate the importance of
the features he offers, such as taste, size, ingredients, atmosphere and
service. You will be surprised how honest people are when you ask how you can
improve your service.
Since your business is just starting out, you won't have a lot of
customers to ask yet, so "shop" your competition instead. Many
retailers routinely drop into their competitors' stores to see what and how
they are selling. If you are really brave, try asking a few of the customers
after they leave the premises what they like and dislike about the competitors'
products and services.
Once you have gone through this three-step market intelligence
process, you need to take the next -- and hardest -- step: clearing your mind
of any preconceived ideas about your product or service and being brutally
honest. What features of your business jump out at you as something that sets
you apart? What can you promote that will make customers want to patronize your
business? How can you position your business to highlight your USP?
Do not get discouraged. Successful business ownership is not about
having a unique product or service; it's about making your product stand out --
even in a market filled with similar items.
Sincerely,
Chris Wilkinson.
Certified Business
Behaviour & Attitudes Analyst.
Business Coach.
Tel: (905)
275-2907 (Mississauga--CANADA).
E-mail: buspilot@bell.net
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