If you want your business to dominate your marketplace and your competitors you must have a unique value proposition or UVP.
Did you know that the biggest reason businesses don’t succeed is usually because they’re products or services they offer are just not that different from their competitors?
When you don’t have a UVP, your customers just can’t differentiate what your business has to offer over its competitors thus slowing your growth and/or having your business fail.
Your UVP is everything especially if you’re entering a highly competitive niche where there’s already some proven businesses with solid track records. Without a UVP there’s just no reason for people to rush to your product or services and will not create any sort of buzz or word of mouth.
However the great thing is you don’t have to re-invent the wheel either, you don’t need to be the next Steve Jobs, Bill Gates, Elon Musk, etc. to build the next superior technology. And you definitely don’t have to offer your products or services cheaper than your competitors. In fact this may be the biggest mistake you can make.
Instead you need to figure out one or two things that will separate you from your competitors and turn your prospects into raving customers.
Here’s a few strategies that allow companies to create buzz and grow so fast.
- Deliver Superior Service
- Change How You Charge
- Reduce Risk
All of these strategies listed above have one commonality and that is they reduce or eliminate the customer or client pain points.
Remember you don’t need superior technology to compete in the marketplace against your competitors. But what you can do is create a better solution than what your competitors are offering by researching how your competitors conduct business and what pain points their customers and clients are experiencing.
So the first takeaway from this blog post is to take a look at your business and ask yourself is your product or service different from your competitors. And if it’s not so different then figure out a way to be different and stand out from your competition!
Think about ways you can make your products or services have a UVP or unique value proposition.
I’ll leave you with this question…How will you differentiate your business from its competitors?