(last updated April 6, 2022)
A value proposition is one of the most important sentences you'll ever write for your business.
Not only does it clarify how to approach your marketing efforts, but it also helps you clearly articulate why someone would want to buy from your company instead of from a competitor.
As well, it begins the journey from a dream to a successful company.
It describes your ideal customer, the problems you solve, and why you’re better than your competition.
It’s more than a product or service description, a mission statement, a slogan, or a tagline; it’s a vow of value that your ideal customer can expect you to strive to uphold.
If your business were an essay, your value proposition would be its thesis statement, and writing it involves a very similar process.
If it’s been a minute since your last English class, writing a thesis statement involves first outlining what you want to say.
In drafting your value proposition, outline:
When you boil these things down, what’s left is a value proposition that can help steer everything from designing your website to hiring a team.
Technically, there are three main parts to a value proposition:
The headline reveals the benefit your customer receives from choosing to give you their money or time (remember, it’s not a product description. The focus word here is how your customer benefits).
Your headline should be clear and concise, but it can be creative and catchy if that style is part of your brand identification.
The sub-headline should detail what your company offers, whom it serves, and why. Basically, it should be an elaboration on your headline.
A visual element—i.e. a video, infographic, or image—can sometimes show your value proposition better than words alone can. Spend some time thinking about what image you’d like your business to convey then find or create visual imagery to serve as the visual element of your value proposition.
Nature, specifically old-growth forests, represents our value proposition at Growth. You can see that reflected everywhere on our website. It’s meaningful to our clients and our team.
Ask yourself these questions to drill your business down into its value proposition:
For each of these questions, we have some tips, and here they are:
Ask your customer service reps, marketing specialists, and salespeople. They have the most direct interactions with your customers and can offer specific information about what they ask about most (which reveals what they need the most).
List out every product or service you offer and describe its benefits. Each benefit should be clear, concise, and focused on a specific customer need.
Write one sentence that explains why each benefit matters to your customers. Use active nouns and verbs to describe this.
Combine your buyer’s problem with the value of your product or service to illuminate the purpose of your business (your value proposition).
Customer problem + Value of your product/service = Your value proposition
Determine value: Is there something specific about your customer service that your competition doesn’t offer? Do you offer something for free that your competitors charge for? These are points of differentiation from other businesses in your industry or market that make your value proposition special.
What Makes a GREAT Value Proposition?
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