Ah…the Unique Selling Proposition (or USP). If you’ve read through the Mission & Vision section you probably have a high-level view of where you are today.
If you're not quite there yet, try running through the inverted pyramid exercise to arrive at your brand essence.
Now it’s time to figure out where you want to go. What do you want your business—your brand—to become?
Branding starts with goals; all successful brands are aspirational. They ASPIRE to be something.
Subscribe to my FREE e-newsletter, Affordable Branding, and get monthly tips and techniques to take your brand to the bank.
To begin building your brand, you need to have clearly developed objectives for what you want your company to look like in the next year, five years, and ten years. Goals will give your brand direction—a road map. When you know where you want to go, you can focus your brand in that direction.
Although brands are aspirational, powerful brands
are grounded in authenticity and relevance. And all good brands have a
unique selling proposition or, as it's sometimes called, a Dominant Selling Idea.
Your success is directly proportional to how well you acknowledge what your customers really want AND how diligently you apply your company’s strengths, values, passions, and vision. When you align what your company does and how you do it with who you are and what makes you distinct or unique, you’ll be successful.
Your USP should be comprised of the company personality, image, core competencies and characteristics. The impressions that you make as well as the words people will use to describe your company to others will help you arrive at the desired brand model.
What are the objectives that you hope to achieve with your brand?
Your unique selling proposition should help you build credibility, have more influence on your market, and motivate customers and clients to purchase from you. If done correctly, your company will be looked at as a leader rather than a follower. A good USP gives any product, service, or organization the benefit of making people believe there is simply no substitute.
It’s not about what percentage of the existing market you can own, rather how large a market your new brand can CREATE because it owns a single word or thought—an attribute—in the mind. The USP can be thought of as your brand essence , your one-thing attribute.
The “one thing” attribute-ownership challenge:
Here are a series of words. See if you can fill in the blanks for each for the brand that owns the word. Answers are below:
“Overnight” = ________________
“Thick” (spaghetti sauce) = ________________
“Safety” (automobile) = ________________
“Documents” = ________________
“Low Prices” = ________________
“Driving” (automobile) = ________________
“Flame-broiled” (fast food) = ________________
Remember, a brand is a SINGULAR IDEA—the one thing—that you own in the mind of the customer. That’s the tip of your brand pyramid.
According to Don and Heidi Schultz, “Today, brands must stand for something—something inherently relevant and compelling to the customer. Not something borrowed or stolen from a competitor. Not something that registers just because it jars or violates sensitivities or damages the ear drum. Brands must stand for something and that something must be something that will endure, not just fly high and then crash with a thud.”
“Brand messages must be incredibly short. Incredibly clear. Incredibly easy to understand.”
Here's a great example: Altoids--curiously strong. And make sure your
product can back up your value proposition. If Altoids tasted just like
Tic-Tacs, for instance, their promise of “curiously strong” would fall
short. And Altoids advertising is oftentimes curiously edgy, too. Their
marketing and communications are in alignment with their brand.
Answers to the one-word challenge
“Overnight” = FedEx
“Thick” (spaghetti sauce) = Prego
“Safety” (automobile) = Volvo
“Documents” = Xerox
“Low Prices” = Wal-Mart
“Driving” (automobile) = BMW
“Flame-broiled” (fast food) = Burger King
For more great information, plus some resources on how you can develop a USP for your business, read "The ABCs of USPs" here.