A strong sales function doesn’t just depend on scripts, software, or talented representatives for small to mid-sized businesses. Instead, it begins with clarity. Clarity is achieved when everyone selling is on the same page.
By formally defining your company’s unique selling proposition (USP), you can achieve clarity. A USP is a clear, concise statement explaining the value of your products or services and why customers should choose you over other competitors. If your USP is well-crafted, your sales team can unite under one, strong, consistent message that they are confident in delivering.
Narrowing It Down
If you’ve never written a USP before, identifying one may require careful thought — and periodic revisiting as your company or markets evolve. To get started, hold brainstorming sessions that include employees from every level of the organization. Ask participants to answer questions such as:
- What makes our offerings distinctive?
- What drives our business’s growth?
- What’s hardest for our competitors to copy?
- Why should customers buy from us instead of them?
Indeed, understanding your competitors is essential. You can’t differentiate your business unless you know what competitors are selling, how they’re selling it, and how their marketing and customer service functions support sales.
A certain amount of “competitive intelligence gathering” may be in order. This doesn’t necessarily mean conducting elaborate or costly research. And it certainly shouldn’t involve any unethical activity. Rather, competitive intelligence gathering can be as simple as:
- Reviewing competitors’ websites
- Monitoring their social media accounts
- Signing up for email campaigns
- Speaking with customers familiar with multiple providers
Also consider asking your sales team to document what prospects say about competing options. Over time, these insights may reveal meaningful differences between your business and the alternatives customers are considering.
Making Your Mantra
Your USP should be a powerful proclamation that customers immediately understand. A well-known example is FedEx’s former slogan, “When it absolutely, positively has to be there overnight.” Although no longer in use, it remains clear and memorable.
However, your USP must be more than words. Once established, it should serve as a mantra for your sales team. Reps should use the USP — or a tailored version — to explain why your products or services are the right choice. Just be careful not to overuse it in marketing materials; express it in various ways to maintain impact.
Going Beyond Sales
A strong USP can influence pricing power and financial performance. When customers clearly understand what sets you apart, they’re often more willing to pay for that added value. To help ensure your USP resonates, validate it with customer input — through surveys, feedback from sales calls, or message testing.
Also, use your USP to inform decisions across the company. You can strengthen operations, customer service, marketing, and even hiring practices when these functions align with your essential message. Finally, measure your USP’s impact over time to determine whether your messaging is working or needs refinement. Track indicators, such as conversion rates, sales cycle length, customer retention, and pricing consistency.
Getting It Right
Today’s businesses must navigate competitive markets and an uncertain economy. That makes crafting a sharp USP more important than ever. Getting it right can lead to stronger brand identity, improved sales performance, and more predictable revenue. Contact us for help evaluating the financial impact of your USP, measuring its effectiveness and aligning it with broader strategic goals.
