What is it that your customers want, and what are you promising to deliver them that they understand fits with their expectation of value? There are many definitions to the question, what is the value proposition, but this is how I ask it of those I work with – because it’s easy to break down and work through to arrive at an answer.
Let’s break it down a little:
What is it that your customers want… Do they know? How do you know what they want? And if you do know, how can you relate that to the features, benefits and advantages of your product or service?
For example – if you are selling accounting services, first identify whether your particular customers are most interested in general compliance, taxation/trust/business planning or other specialist services. Once you know the answer to that, then spend some time considering what the features, benefits, and advantages are of your particular range of services.
…and what are you promising to deliver… so if they want specialist taxation services, what exactly are you promising to deliver around that. ’That’ being their most desired or sought after service. For example, the benefit to that client of having specialist taxation help from you as an accountant, might be that they have peace of mind and a clean record of compliance as it relates to their complex taxation issues. Are you able to deliver on THAT level of peace of mind?
… that they understand fits with their expectation of value?… Are you able to convey clearly to your client that you will charge them X dollars, and in return for that investment in your services, that you will deliver on making their complex taxation issues easy to understand and deal with?
It doesn’t matter whether you are selling decorating,construction, hair dressing, software, or cream pies. The question is the same – what do your customers want, and what are you promising to deliver them, that they understand fits with their expectation of value?
When was the last time you really thought about this? And has your value proposition changed since then? Maybe this is something you should re-visit every 2-3 years just to be sure that what you are offering is of the same perceived value to your clients.
Why is it so important to know what your value proposition is?
When you want to market your business, you need to know what the real juicy parts are to put forward and promote that will most appeal to your target market. What exactly do they want to resolve? How can you make someone pick up the phone and make an inquiry with your business? Its easy when you think about the solutions your clients are seeking and how you can deliver on exactly what they want, and better yet, exceed their expectations of value when you do it.
If you wish to discuss this further we are planning aWEBINAR about this subject, and to touch on the previous topics raised in recent newsletters on the 28th May. Registration is FREE and details are here. Don’t want to wait that long? Then let us know if you would like to book one of 3 complimentary 20 minute sessions with either Maria or Quentin before the end of May.
When was the last time you got something in the mail that looked really interesting?
Are you bored with your own marketing?

You might have heard this before but it’s really hard to be a prophet in your own village. This is simply because everyone knows you as the local carpenter, or baker, or teacher… and despite the fact that maybe you haven’t warmed up your ovens or built a new house for a decade or more, the villagers find it very hard to re-position you in their own minds and so it won’t matter how enlightened, smart, savvy you may become in a whole new area, most of your local community will still mentally ‘see you’ as your old self.


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