There’s a crucial element to running a successful business — one that many owners overlook, whether they’re on day one or day one hundred of their business. They aren’t sure why marketing is so hard, why the sales are so much work. One possible answer? You need a value proposition.
What is a value proposition?
Value propositioning is summarizing why people should buy your products or use your services.
There’s another term that you should know — a USP.
USP stands for unique selling proposition, and it’s the reason that customers come to you instead of another business.
Here are a few examples:
- Yeti was founded by two brothers who wanted a cooler that would stand up to any kind of wear and tear imaginable and keep drinks and food
ice-coldfor days — one that was built for outdoor enthusiasts, not your average user.
- Zappos sells the same shoes that everyone else does — but their returns and exchange process is incredibly easy, and their customer service is top notch.
Your value proposition should be unique. It is not something like we offer the lowest prices on the market. You don’t want to rely on something as weak as price to differentiate, because then the only reason your customers will stick with you is due to price. As soon as they find another company selling similar products or services for less money, they’ll jump ship.
Your value proposition should be specific, memorable, and something that you can make your own.
If a competitor can easily steal your value proposition, then it isn’t strong enough.
Ideas for your value proposition
Aside from the above guidelines, here are a few more specific
This is the most basic aspect. Yeti, the example from above, focuses on aspects of their product (more durable and effective than any other cooler on the market) as their unique selling proposition.
Two common qualities used to differentiate products are design and durability; Apple’s computers are well designed, Yeti’s coolers are
If your product is more durable, better designed, or functions differently than your competitors, then that can be your value proposition.
What does your brand feel like?
Your brand positioning (the tone used in your copy and branding) and your audience can help differentiate you.
For one example, look to Nerd Fitness — a lot of the basic content there is found elsewhere, but the branding of that content as specifically for nerds and making it feel unintimidating has attracted a huge audience.
Is there a deeper meaning behind your products? When someone supports your store, what are they supporting?
Sudara and TOMS are two examples of this — when someone purchases their product, it benefits a whole community and not just the business itself. If your product/business does something like that, or keeps a family tradition alive, then meaning should be part of your value proposition.
Zappos is a perfect value proposition example — their service is their main USP.
You can buy the same shoes from anywhere, and usually for the same price or lower — but Zappos is renowned for its easy return process, fast shipping, and amazing customer service.
Amazon has also used service as a differentiator with its Prime program, giving people free
Once you’ve brainstormed a few ideas for each of these categories, you can combine them in different ways to create your value proposition.
Here’s an example inspired by Bombas, which is a combination of product and meaning:
We make the best socks you’ll ever wear — and for every pair purchased, we give a pair to homeless shelters.
Once you have a few ideas of what your strongest differentiators are, you can put them together in different combinations to create your unique selling proposition.
You’ll want to refine it over time so that it’s memorable and specific, but don’t feel like it has to be perfect right now — it’s better to have a
Inspiring value proposition examples
Need some more value proposition examples? Here you go, straight from other Ecwid users.
Munchkin Mission is
Taylor Family Farm has their slogan on their front page: Fresh,
The meaning element is a little more subtle here, but when people buy from Taylor, they know they’re supporting a family owned business and a small farm, over a large corporation — and that’s going to factor into their buying decision.
Kokosina’s about page says we sew for people, not catwalks, while also highlighting the quality of their bags (genuine leather).
Their value proposition is a combination of product (high quality,
And PocketLab’s USP is a combination of product and mission — their header image refers to a laboratory in the palm of your hand (product), and directly under that is their mission:
We believe anyone can be a scientist. PocketLab enables students, educators, and makers to explore the world around them. PocketLab brings science, technology, engineering, and math (STEM) to life like never before possible.Pocket Lab
In other words, when you buy from PocketLab, not only are you getting something that’s hard to find elsewhere (a sensor with app connectivity for easy data processing, that doesn’t cost hundreds of dollars) and you’re supporting a company that wants to make the STEM realm more accessible to your everyday person.
I’ve figured out my value proposition — what’s next?
Spent some time brainstorming and you have your value proposition? Make sure it’s unique on the market and move to the next step: make it front and center in your website design.
If you’re struggling with that, our free Instant Site Feature can help you fix it; there’s a nice place for your USP right on the homepage.
Enjoy and have fun!