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Hitting Your Customer's "Sweet Spot" with Your USP!
1. Hitting Your Customer's "Sweet Spot" with Your USP!
By
Terry H. Hill & Dolly A. Stevens
1
Competition existed long before strategy. As we trace the evolution of strategy, we find that the founding
principle is still in play today: Strategy is about achieving the competitive advantage! If there were no competition,
there would be no need for strategy. Gaining a sustainable edge over your competitors, as efficiently as possible, is
the #1 priority on any businessperson’s "to-do list."
Strategy is a deliberate search…a search for a plan of action that will develop a company's
competitive advantage and compound it. The difference between you and your competitors is the basis of
your competitive advantage. The objective of your competitive advantage strategy is to enlarge the scope of your
advantage, and that happens only at someone else's expense.
How successful you become at competing in your marketplace depends on how you position your
business relative to your competitors. The position your firm occupies against your competitors is--for the
most part--your competitive advantage, and hopefully not your disadvantage. A competitive advantage exists when
a firm has a product or service that is perceived by its target market customers as better than that of its competitors.
Your Unique Selling Proposition is your biggest marketing weapon and is the key to differentiating
your business from your competitors. Delivering value and benefits, that no one else can deliver in the
marketplace, is the foundation of your Unique Selling Proposition. Your USP becomes the cornerstone of your sales
and marketing message. It is this message that builds and reinforces your brand, attracts new customers, and
sustains your competitive edge.
A USP is your statement, your response to the question, "What draws a customer to you, rather
than to your competitors?" It's your USP! When developing your own USP, remember to:
• State a specific benefit of your product/service, not a feature.
• Distinguish your product/service from those of your competitor.
• Propose a solution to a problem or address a customer's needs and desires.
• Focus on your target audience.
Your USP sums up the unique features and benefits of your products/services along with the value
that only you can provide your customer. It is what separates you from your competitors. Your USP must
say, "Buy this product, and you will get this specific benefit."
Why have a USP?
One of the most significant things you can do for your business is to identify and develop your own
Unique Selling Proposition. It is important that you communicate to your customers that it is in their best
interest to buy from you! If you don't tell them this, chances are they won't buy from you… Below are a number of
valid reasons for having a Unique Selling Proposition:
• It gives your customers a reason to buy from you, rather than from competitors.
• It sets you apart favorably from your generic competitors.
• It gives your customers support for their purchasing decisions that are based on valid reasons rather than
on emotional reasons.
Terry H. Hill is an author, consultant, trainer, mentor, and the founder & managing partner of Legacy Associates, Inc., a business consulting firm
based in Sarasota, Florida. Legacy, http://legacyai.com, is the parent company of the online small business, entrepreneurship, and
management training website, http://www.TrainingforEntrepreneurs.com. Dolly A. Stevens is an author, consultant, educator, and the director of
Training for Entrepreneurs.com.