I'm just demonstrating the power of the marketing strategy I'm about to reveal.
ake a moment to imagine what kind of success your business would have if your product or service were similarly imprinted into your customers? minds.
Each of these brands and businesses ?owns? a unique position in your mind. They mean something special to you.
I can almost hear you protesting, ?But Dan, those companies spent millions of dollars to position themselves. I don't have a million-dollar marketing budget! How can I position my business, in my customers? minds, with little or no marketing budget to work with??
The answer is to create a Unique Selling Proposition (USP).
The concept ?USP? is the brainchild of Rosser Reeves, once the chairman and chief copywriter of the Ted Bates & Co. advertising agency. In the 1950s, their advertising agency single-handedly set the stage for creative television commercials, something that had never been done before.
Reeves was an outspoken and larger than life character with a passion for advertising. One of the reasons the company soared was because of his USP theory.
His definition of what makes a USP holds true today:
* All advertising must make a proposition to the customer: Buy this, and you will receive a specified benefit.
* The proposition must be unique; something competitors cannot claim, or have not chosen to emphasize in their promotions.
* The proposition must be so compelling that it motivates millions of people to act.
A USP is not just a slogan or a phrase that will appear in your advertising, although that's one potential use for it.
A USP is a concise and memorable phrase that answers your prospects? implicit question: ?Why should I choose your business, product, or service versus any other??
You may have a hot product or service, but if you cannot powerfully describe its unique value to your prospects (and create some excitement among potential buyers), you may not truly have a basis for long-term success.