2. What is a business?
A business is a Group of activity that works together to deliver
value to a speciļ¬c type of customers in exchange for their
money.
Product/Service Idea Product Creation Targeted Marketing Sales & Distribution
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3. What is value?
For your business to be successful and marketable,
it should focus on delivering beneļ¬ts to your
customers, some of those beneļ¬ts are:
Save TimeSave Money Solve A Problem Lifestyle & Prestige
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5. What is a
unique selling
proposition?
USP = Speciļ¬c
target audience
+ Differentiation
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6. If someone asks
you: Why should I
buy your brand
products?
What does
that mean?
Your unique selling
proposition must
provide a speciļ¬c and
compelling answer!
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7. 3 Steps
For positioning your business.
For your business to success in the marketplace you must place it in the right environment
and offer people a compelling reason to buy which is your USP, to create a unique selling
proposition you have to consider:
Understand your customers Understand your product Understand the competition
1 2 3
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8. Step 1 :Understand your
customers
wiifm
Whatās in it for me?
To better understand your customers, you have to stop
thinking like a business owner who thinks about proļ¬t
and sales and start thinking like consumers.
Consumers always
think of value and
beneļ¬ts; they
always compare the
value of your
product to the price
they will pay.
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9. What problems do they have ?
How can we provide more beneļ¬ts to them ?
Who are our
target customers ?
How to improve their experience ?
1
2
3
4
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21. ā¢ Female
ā¢ Male
Gender
ā¢ > 10
ā¢ 11 - 19
ā¢ 30 - 39
ā¢ 40 - 49
ā¢ 50 - 59
ā¢ 60 +
Age
ā¢ > $5K
ā¢ $ 5K ~ $15K
ā¢ $ 15K ~ 25K
ā¢ $ 25K ~ 50K
ā¢ $ 50K ~ 75K
ā¢ < $ 75K +
Income
ā¢ Modern
ā¢ Bohemian
ā¢ Communal
ā¢ Nomadic
ā¢ Fitness Focused
ā¢ Hyper Organized
Lifestyle
ā¢ Music
ā¢ Motivational Quotes
ā¢ Meditation Music
ā¢ Non-Fiction Books
ā¢ Fiction Novels
ā¢ Documentaries
Interests
ā¢ No Time
ā¢ No Money
ā¢ No Skills
ā¢ No Education
ā¢ No Process
ā¢ Low Self-Esteem
Pain Point
Connect & Match
Your Audience.
Proļ¬le 1
Proļ¬le 2
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22. Name : Mark
Age : 14
Gender : Male
Income : $ 300 / Month
Lifestyle : Bohemian
Interest: Meditation Music
Pain Points : No Money | No
Process
Name : Sally
Age : 30
Gender : Female
Income : $ 1200 / Month
Lifestyle : Hyper
Organized
Interest: Non-Fiction
Books
Pain Points : No Time
Identify
Your
Customers
Proļ¬le
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23. Step 2 : Understand your
Product
How does your product,
service solve your customersā
problems and improve their
lives?
Increase time / work efļ¬ciency
Offer more options
Offer better lifestyle
Offer faster delivery time
Your Offer
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24. Step 3 : Understand your
competition
How does your product or
service create more value
than your competitorās
products?
Is it faster, cheaper, more efļ¬cient, more creative ā¦. ?
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26. Segment : upper class and Upper Middle Class .
Target Group : people who want a blend of style and Comfort .
Positioning : outgoing and stylish quality jeans .
Leviās Jeans USP :
Oldest Jeans Brand yet modern
27. Study their images style and notice how
do they communicate their USP with their
target group.