If You Don't Differentiate, You're Dead!
- Date: 2007-06-26 - Word Count: 526
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This article will explain why a Unique Selling Position (USP) is critical to your success. Your marketing exists in a confusing and complex world. Think for a minute about how many choices you have as a consumer in just about any product category. Its not unusual to have dozens, if not hundreds or even thousands of alternatives when you're shopping for a product or service.
If you doubt me, just jump on the Internet and see how many businesses would love to sell you a pair of shoes or a briefcase or a shirt. My guess is that your alternatives could number in the thousands.
So that's good right? You're sure to like it if you're the buyer. But us markteters will find it a challenge? What are we to do in order for our companies to survive?
If Your Advertising Doesn't Make You Different, You've Missed the Mark. The first thing your advertising must do is show your customer how you're different from everyone else. I was consulting with a small business client the other day and we went to the yellow pages for her product category and saw a perfect example of how advertising should not be done..
We found pages and pages of ads--all so much the same that you could literally substitute one company name for another and not have to change the ads at all!
My client was depressed over this, but I was energized! Why? This was a great opportunity for her to differentiate her business. Whoever differentiates wins the battle for business!
Without Clear Differences--Price is the Deciding Factor. What do you think happens when consumers are barraged with choices and do not perceive any difference between one supplier and another? They evaluate and make their purchase decision based on the one thing they can measure--price! When there is no other point of differentiation, price becomes the deciding factor. That's not good for you and it's not even the best for your customer--especially if you're in a business where your value is best realized when you have an on-going relationship with your customer. Customers who come to you for the best price will leave you just as quickly as they find a better price. It's like being the fastest gun in the West. No matter how fast you are, there's always someone faster. Don't play that game. It's better to differentiate.
You can command higher prices through differentiation. Companies who effectively differentiate themselves from their competitors can demand higher prices for their products or services. The lowest price is not always the winner. Think about this for a minute. You don't always buy the lowest price. Even if you're the world's biggest cheapskate you can differentiate between bruised and fresh vegetables and you'll pay the higher price for the fresh produce. Right?
Are your customers any different? No. Certainly, you must have a reasonable price, but if you have highlighted an important difference in your product or service, customers will pay extra to have that benefit.
If you want more sales, better customers and higher profits, just find the important attribute which makes you different from you competitors. Then make certain you're telling your potential customers about it.
If you doubt me, just jump on the Internet and see how many businesses would love to sell you a pair of shoes or a briefcase or a shirt. My guess is that your alternatives could number in the thousands.
So that's good right? You're sure to like it if you're the buyer. But us markteters will find it a challenge? What are we to do in order for our companies to survive?
If Your Advertising Doesn't Make You Different, You've Missed the Mark. The first thing your advertising must do is show your customer how you're different from everyone else. I was consulting with a small business client the other day and we went to the yellow pages for her product category and saw a perfect example of how advertising should not be done..
We found pages and pages of ads--all so much the same that you could literally substitute one company name for another and not have to change the ads at all!
My client was depressed over this, but I was energized! Why? This was a great opportunity for her to differentiate her business. Whoever differentiates wins the battle for business!
Without Clear Differences--Price is the Deciding Factor. What do you think happens when consumers are barraged with choices and do not perceive any difference between one supplier and another? They evaluate and make their purchase decision based on the one thing they can measure--price! When there is no other point of differentiation, price becomes the deciding factor. That's not good for you and it's not even the best for your customer--especially if you're in a business where your value is best realized when you have an on-going relationship with your customer. Customers who come to you for the best price will leave you just as quickly as they find a better price. It's like being the fastest gun in the West. No matter how fast you are, there's always someone faster. Don't play that game. It's better to differentiate.
You can command higher prices through differentiation. Companies who effectively differentiate themselves from their competitors can demand higher prices for their products or services. The lowest price is not always the winner. Think about this for a minute. You don't always buy the lowest price. Even if you're the world's biggest cheapskate you can differentiate between bruised and fresh vegetables and you'll pay the higher price for the fresh produce. Right?
Are your customers any different? No. Certainly, you must have a reasonable price, but if you have highlighted an important difference in your product or service, customers will pay extra to have that benefit.
If you want more sales, better customers and higher profits, just find the important attribute which makes you different from you competitors. Then make certain you're telling your potential customers about it.
Related Tags: marketing, advertising, business, marketing strategy, sales, promotion, business development, business strategy, marketing communications, business to business marketing
The author, Craig Mecham, is the owner of The Mecham Company The Mecham Company, a marketing consulting firm. With two decades experience in Business to Business Marketing and promotions, Mr. Mecham advises national and international business.Don't reprint this article. Instead, reprint a free unique content version of this same article. Your Article Search Directory : Find in Articles
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