There are so many small businesses out there and we all face competition from other businesses every day.

These days consumers are very tech-savvy, so they invest time researching their options before they buy anything, so in order for you to gain their business, you need to stand out from the crowd.

That’s where your Unique Selling Proposition or USP comes into play. This is what differentiates you from your competitors and makes your brand more appealing.

This can take some time and effort – and a bit of creativity to identify as there are few brands who are truly unique – but there are parts of every business that have their unique points.

A USP is often confused with the elevator pitch, which I’ve written about before, so just as an aside, here is the difference:

Elevator Pitch

An elevator pitch is about being engaging and friendly, clear, concise, and informative, which is a few sentences stating who you are, what you do and the value you offer your customers, which is the ‘hook’ to attract them.  

It’s called an elevator pitch as it’s designed to take no longer than 30 seconds to say – roughly the amount of time spent in an elevator between floors, to keep you focused on being succinct.

This is primarily used at networking events to attract potential customers and start a discussion.

USP

Your USP is what makes you different to your competitors. This is often used in marketing materials or when talking to customers who are ready to buy. So, let’s expand on this and find out how to find your USP.

How do you find your USP?

Your USP is based on the strengths of your brand and what you do or provide for your customers/potential customers. At the bare minimum, you should be able to answer the question…

“What makes your brand different?”

Yes, it’s not an easy question to immediately answer, so it’s worth spending some time thinking about it. Your USP needs to resonate with your target audience and focus on why customers should buy from you – what do they care about the most?

A USP could include:

• Lower prices
• Higher quality
• Fastest delivery
• A unique location
• Innovative products or services
• Fabulous, long-term aftersales service

Or anything else that will influence your potential customers’ purchasing behaviour, but these will just form part of your USP.

Top of the list is that your USP puts your customers’ needs first.

OK. Let’s dig deeper.

To define your USP, you need to…

Focus on your customers.

I’m always banging on about this, but the customer experience is the most important part of your business and is at the heart of your USP. These days people are bombarded with persuasive ads every day and face so many choices, it’s important you understand your target audience and understand their needs and challenges, so you can be that solution!

So, look at…

• How do your customers shop? Do they shop online, or do they prefer to see and feel products before they buy?
• How will they use your product or service? This is important to know so you can help them picture themselves doing just that!
• How does your brand align with your customers’ experience? What’s it like to interact with you either face to face or online?

Once you’ve answered these questions, write down what you offer your customers in a basic statement – for example (fill in the gaps) …

My business makes xxxxx (products) or provides XXXX (services) that are unique to us. We are targeting these customers (your target audience) because we provide them with XXXX (enter the value you give or the solution your products or services offer to a challenge or problem).

This is a good starter for ten! Now, dig deeper!

What are your business values?

You created your small business for a reason. What are your values and how do you stand by them? Look at your mission or vision statement and see how your customers’ needs fit into that.

Your USP will change over time as you incorporate new products or services and as your business evolves.

Look at your strengths and weaknesses!

Here’s where a bit of brainstorming comes in, so you might want to recruit the help of a friend, employee or partner who knows your business well.

Start with your strengths and make a list – ask ‘what do we do best?’ When answering, keep your customers needs in mind. How does what you do best solve a problem or challenge for your customers?

Then look at your weaknesses – be honest here – it might be that you identify a weakness that actually wouldn’t need much work to make it a strength – and it addresses a potential customer problem or challenge.

It could also be that you identify a weakness that needs urgent attention!

Look at your competitors.

To ensure your USP will stand out, you need to know what you do better than your competitors. This takes a bit of research. Look at three of your competitors – check out their social media pages and their website. Look at their product or service descriptions and try to identify what their strengths and weaknesses are. Sometimes it’s hard to find something, but 9 times out of 10, you’ll notice a gap – something that either you do – or could do – to fill that gap. That can then be something you do different to your competitors.

It might be that:

• Your overall customer experience is better.
• Your website is easier to navigate and find what they’re looking for.
• You make it easy for your customers to pay for your products or services.
• You may have stronger processes or better knowledge in certain areas than your competitors.
• You might have a better delivery service.

On their own, none of these examples are a USP, but when combined with your strengths and the unique customer experience you offer compared to your competitors, it’s that contrast that forms the core of your USP.  

Still unsure about your USP?

If you’re still not sure about your USP, answer these questions:

1. What are the features and benefits of what you sell or offer? Think about them from a customer’s perspective.
2. What inspires you? You might be inspired to fill a gap in the market, provide a solution to a common problem, or be inspired to have innovative products or services. It might be that you’re inspired by artistic or creative tendencies that give your products the edge over your competitors.
3. Can you split your customers into groups, (segment them)? By this, I mean knowing your customers and how their needs vary – and that they may be on different parts of the journey to buying your product. They might be in the ‘I’ve just found you’ segment, or at the other end – in the ‘I’ve bought from this business before and want something new.’ Similarly, you could have a product that people use in different ways, so how and why they find you could be completely different.    

Answering these questions will help you see more clearly what is unique about your products or services, so you can then write your USP. And it doesn’t have to be hundreds of words. It needs to be short and to the point, getting across exactly what makes your business unique and what makes you stand out from the crowd.

You can then share your USP on your social media introduction, in your bio on Instagram or on the homepage of your website.

A USP will change as your business evolves so it’s worth going back to it once a year to ensure it’s still relevant to both your business and your customers.

If you need any help with your USP, I offer coaching sessions to help you better understand your brand and marketing. Just contact me if you need help.