Last week I hosted one of my regular mastermind meetings for my Private Client Group and a fair amount of time was spent discussing how to differentiate your business and the importance of having a Unique Selling Proposition (U.S.P.). I am not going to spend time today discussing the importance of having a U.S.P. because a quick Google search will turn up more than enough articles how on how to create one, what’s the difference between a U.S.P. and a slogan, etc.
[As an interesting side note, after that meeting I dusted off my copy of Reality in Advertising by Rosser Reeves, the gentleman credited with coming up the Unique Selling Proposition, and re-read what Reeves thought about the U.S.P. In its day (1961), the concept of a U.S.P. was revolutionary, but today is a different time and you and if you read Rosser's book, you might even disagree with him on some of his points as they relate to today’s world. Marketing and differentiating your business in 2014 is much harder than it was 50 years ago. Sure technology has made some things easier to do, but for most business owners trying to rise above the noise, trying to get attention and trying to differentiate their business is very difficult these days and more than just a U.S.P is needed.]
Yes, you should work on coming up with your Unique Selling Propositions (notice that’s plural), but today I want to discuss something else. Something I’ve preached for years, but find little information on the Internet or in books discussing it.
It’s your Unique Value Process (U.V.P.) and it’s an important, yet often overlooked strategy for clearly positioning your business value and how it’s different from your […]