How to Develop Your Value Proposition Your value proposition is a concise, easily understandable description of the primary reason why your customer should buy a product or service from you. It brings together the analysis you have done of your customer, your market and your competitors. It is the promise you are making to the customer. A few key things your value proposition should do: Describe specific benefits to a specific customer Tell why that customer should buy from you and not a competitor Be readable by real humans. Include industry-specific terms only if your product is designed for a customer who will understand them. Building a value proposition For … Describe the customers Who want or need … Describe the compelling feature of your product Our organization/program/product/service is a … Category or type of product/service That provides … Describe key benefits Unlike … Competition We offer… Key differentiation from competition The Value Proposition can also be summarized in a very simple phrase: “We help X do/have Y by providing Z.”
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