What Is A Value Proposition Statement?
Importance
- Your value proposition articulates the resulting experiences and value received by your client.
- Your brand is the identity that you build around your value proposition.
Deceptively Simple and Powerful
The
value proposition is deceptively simple, yet powerful. It is a statement that articulates the resulting experiences and value received by your prospects and clients from your service offering. It captures "why" your client will be better off tomorrow, by working with you today.
A value proposition's power lies in the fact that your value proposition brings you and your client together. Your value proposition sets the course for your business plan, and it is what can set you apart from your competition.
Essential To Your Success
Hidden within its simplicity, there are numerous traps and pitfalls in designing a Value Proposition. In order to avoid them, a tremendous amount of skill and expertise are necessary to navigate you through the terrain of analysis, criteria, and processes that are essential to arriving at a powerful value proposition.
Although it seems simple, it is a challenge to arrive at a clear, concise, and compelling value proposition that surpasses your competition. If you do not arrive at this value proposition that is so essential to your success, your business can go astray, your overall effectiveness will suffer, your efficiency will be diminished, and your competitors will gain an edge against you.
So how do you start to create a Value Proposition that will drive your success?