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Reviewed byÌýKathryn Uhles, MIS, MSP,ÌýDean, College of Business and IT
 
    
    
    
AÌýunique value proposition (UVP) is a single sentence that clearly defines a product’s or service’s specific benefit, how it answers buyers’ needs and what distinguishes it from the competition. Let's look at how savvy marketers write a compelling UVP.
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As part of a company’s brand messaging strategy, a unique value proposition acts as a beacon statement, like a slogan, drawing customers to a marketing message amid the flood of competitors with their own propositions. A well-crafted value proposition makes a brand stand out and creates a strong connection with the target audience.
At its core, a UVP should be strong, simple, and memorable enough to attract new customers and reinforce existing customers' belief that they made a good buying decision. A UVP should also align with the business's mission/vision.
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A unique value proposition focuses on three main things: what a company or brand does well, how that meets the customers’ needs, and how the product or service is better, or substantively different, than what competitors are offering.
Building a successful brand is all about a company or brand distinguishing itself from others in the same space and highlighting the specific benefits that it provides to customers.ÌýTo write a compelling value proposition, focus on four core elements.
Relevancy refers to how well a brand addresses customer needs. Make sure the UVP speaks directly to what problem customers are trying to solve and why the brand is uniquely placed to help them do it. Consider the following:
Messaging should align with target markets and customer bases so that it’s relatable. Additionally, while UVPs shouldn’t measurably change over time, the slogans, images and language used should resonate with customers and may need to be updated in accordance with changing market and societal needs.
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A unique value proposition defines product features and uses simple, easy-to-understand marketing language to answer the customers’ burning question: “What’s in it for me?â€
For example, let’s say a company is selling a revolutionary new vacuum. A feature of this product might be its cyclonic suction technology. One benefit the UVP might include could be that the vacuum picks up pet hair that other vacuums leave behind, leaving customers’ homes spotless and allergy-free.ÌýThe more specific and relevant a value proposition is to the ideal customer, the better it is.
Here are some ideas for highlighting customer benefits:
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The definition of value is that the solution must outweigh the energy or effort that buyers have to expend to use it. This energy could be anything from time or money to learning a new system or changing established habits.
ImagineÌýa company that sells a meal delivery subscription service offering a unique value proposition based on convenience and ease of use. Customers are unlikely to be enticed, however, if it requires them to spend hours cooking the meal or frequently update their menu preferences.
The UVP, in this scenario, should focus on:
An effective value proposition communicates a clear, easy path to reach a desired solution or outcome.ÌýMarket testing is key to determining which product or service features resonate most with buyers.Ìý
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When customers consider a product or service described in a value proposition, they may weigh the potential rewards against the risks. These risks could be financial, like wasting money on a product that doesn’t deliver on its promise. Or they could be functional, like the risk of a new software system disrupting an established workflow.
A unique value proposition should assure customers that the risks are minimal. To do this, it can:
Every buying decision involves a leap of faith. Make that leap as small and safe as possible. For example, customer testimonials, loyalty programs, online communities and influencers/spokespeople are all great ways to reduce buyer fear. After all, if others seem satisfied with the product/service, then the potential risks won’t seem so bad.
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Here are a few tips to help create an effective value proposition statement:
Imagine a company is selling eco-friendly, reusable water bottles. Instead of “High-quality, reusable water bottles,†they might try something like, “Sleek, leak-proof bottles that save the planet, one sip at a time.â€
Highlight characteristics of the product or service that consumers want to highlight in themselves. That way, it's easier for them to see themselves using and benefiting from the product or service.
Use brainstorming to develop unique ways of communicating the value by jotting down the product’s or service’s features and benefits, and the customers’ needs. Engaging in thoughtful discussion with team members can enrich and fine-tune each idea until an impactful UVP is crafted.
A few brainstorming techniques include:
Create a strong statement by tapping into the power of collaboration and ideation. In fact, feedback is critical.ÌýThe UVP needs to resonate with the largest group of people, so it will generally go through several iterations until it's refine to just the right key components that appeal to the widest audience.Ìý
Everyone has been a customer, so personal experience shows that when selecting a product or service, customers are looking for solutions to their problems. Therefore, a company must understand its audience’s pain points and how to address them. Ask questions like:
Think about what led to the creation of the product or service in the first place and use that to craft a value proposition that truly resonates. Here are some specific steps to take when creating a UVP.
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It all boils down to identifying and communicating the value of the offer. Sure, features are important, but “high-tech†and “innovative†don’t mean anything if customers can’t see how those features will solve their problems. Consider the following:
If there’s no clear benefit, the unique value proposition will fail to generate customer interest.
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A unique value proposition should describe the brand’s differentiators in a context that illustrates to customers why the product or service is worth their time, money or attention.
For example, instead of saying “We offer the highest quality,†try something like, “Our products exceed industry standards and come with a satisfaction guarantee.†The value proposition should clarify how the product or service is tailored to customers’ needs.
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When a value proposition connects a product's or service’s value to customers’ issues, it incentivizes them to purchase. For example: “Our ecofriendly, reusable water bottles are leak-proof and easy to use — so you can reduce your plastic consumption and feel good about your daily hydration routine.â€
That marketing statement emphasizes the practical benefits of the product and tells customers how it answers another, sometimes unspoken desire; in this case, making a positive environmental impact.
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Plenty of competition exists, so ensure the UVP stands out. Think about things like:
Product innovation can also help differentiate the offering. By staying on top of trends and leveraging new technologies, companies can offer products or services that make writing an effective value proposition even easier.
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A good value proposition statement may be the key to a successful brand, so it’s important to craft one that will make consumers stop and notice. Here are some examples:
These UVPs are short, direct and creative. While each has its own style, all of them effectively explain the benefits of a given product or service and how it will help customers.
While anyone can create a value proposition statement, having business and marketing knowledge can go a long way toward making the statement powerful and effective.Ìý
To write a successful unique value proposition, it’s important to understand the basics of marketing. If you’re looking to learn more about business and marketing, consider the following online programs and certificates at UOPX:
Contact °®ÎÛ´«Ã½ for more information.
 
    
    
    
A graduate of Johns Hopkins University and its Writing Seminars program and winner of the Stephen A. Dixon Literary Prize, Michael Feder brings an eye for detail and a passion for research to every article he writes. His academic and professional background includes experience in marketing, content development, script writing and SEO. Today, he works as a multimedia specialist at °®ÎÛ´«Ã½ where he covers a variety of topics ranging from healthcare to IT.
 
    
    
    
Currently Dean of the College of Business and Information Technology,ÌýKathryn Uhles has served °®ÎÛ´«Ã½ in a variety of roles since 2006. Prior to joining °®ÎÛ´«Ã½, Kathryn taught fifth grade to underprivileged youth in °®ÎÛ´«Ã½.
This article has been vetted by °®ÎÛ´«Ã½'s editorial advisory committee.Ìý
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