Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
How to Stand Out From Competitors With Unique Value Proposition
1. How to differentiate your business
from the rest of the pack
Speaker:
Fiona Spencer
@ciminfo_sw
@fionaspencerltd
#GrowGlos16
2. The Chartered Institute of Marketing
Supporting the development of the marketing profession
• Professional Marketing Qualifications
• Marketing Expert
• CIM Library
• Practical Insights Webinars
• Chartered CPD Programme
• Mentoring
• Sector Interest Groups
• Learn Local Events
13. Value Add
A value proposition is a promise of value to be delivered.
It is the primary reason a prospect should buy from you.
RELEVANCY
Explains how your product solves customers’ problems or improves their situation
QUANTIFIED VALUE
Delivers specific benefits
UNIQUE DIFFERENTIATION
Tells the ideal customer why they should buy from you and not from the competition
14. A different approach to difference
“People don’t buy what you do,
they buy why you do it.”
Simon Sinek – “Start with Why”
44. So what’s the offer?
“Shawbrook is a specialist UK lending and
savings bank founded in 2011 to serve the needs
of SMEs and individuals in the UK with a range
of lending and saving products.”
45. So what’s the offer?
“Slack is a workplace productivity and messaging app. It’s
deceptively simple to use, yet robust enough for large teams
working on complex projects”
46. So what’s the offer?
“Pink Ladies provide safe transport for women
Pink Ladies guarantees a lady driver
We employ a "Through the door" policy
We don't use cash in the cars providing safety for the driver
Prepay and book, no cash needed to get home safely”
58. Engagement engages
The email included a video.
A 25 second video narrated by Dave who was working on my car. It showed what issues
he had found and what he was going to do.
It ended with a lovely thank you and a 'have a great day message'.
I actually said 'Thanks Dave' to my computer. It made me smile - so so simple.
The video was also embedded in a page where I could see all the work being
recommended as a checklist - and where I could select what to go ahead with today
(brake pads) and what I needed to be aware of in the future (tyres).
Thank you Stratstone.”
Luan Wise blog
“My car was serviced today.
Not overly exciting news to share I know, but half
way through the day I received a phone call to tell
me how things were going and that an email had
just been sent to confirm the details.
62. A proper proposition
“What We Do
Since 1955, we've offered simple products that simply work. It's always been that easy.
We value locally made and USA made products
We honor the past and respect tradition
We sell low-tech items in a high-tech world
We carry what others don't
We stock non-electrical products that are dependable and reliable”
63. Think outside the… (cliché alert!)
With thanks to Dave Trott & Campaign Magazine