Workbook © Mary Cummings, 2014 LET’S DRILL DOWN TO YOUR UVP 1. Do You Already Have a UVP, if you do, what is it? enter text here 2. How Effective Do You Think It Is? enter text here © Mary Cummings 2014 1. Target Market Profiling Demographics (Use the space below to list specific details about your ideal or prospective clients. Use your own blog, social media platforms, forums and networking events offline to help you with all the details. The more specific, the better). Age (or age range): Click here to enter text. Gender:Click here to enter text. Geographical location:Click here to enter text. Level of education:Click here to enter text. Income level:Click here to enter text. Family Circumstances (Married/Single, etc):Click here to enter text. Favourite Social Media Platforms:Click here to enter text. Target Market Profile (continued) © Mary Cummings 2014 Lifestyle and/or Hobbies (Describe your ideal client’s lifestyle, hobbies, interests and habits.) enter text here What’s important in their life? (Describe your client’s values, what’s important to them, etc. How do they view themselves in the world? What are their general attitudes and beliefs? What are their hopes and dreams?) enter text here Pain Points (What problem is your client trying to deal with? What keeps them up at night? Why? Once again, the clue will be in comments to your blog posts, or alternatively, look for complaints/problems © Mary Cummings 2014 that they’re posting in relevant forums. If you’re really stuck for clues, create a survey with SurveyMonkey.com) enter text here Buying Habits (How does your client prefer to buy? How do they make decisions? When? How often? Where?) enter text here Other important information (Note anything else you’d like to add about your ideal client here.) © Mary Cummings 2014 enter text here © Mary Cummings 2014 MY IDEAL CLIENT Using all the data you’ve gathered, write down a few short sentences describing your ideal client. Once completed, print this and keep it by your computer. It will help you when you’re writing blog posts (remember, you should ONLY be writing to your ideal client), social media posts and when you’re creating new products/services. © Mary Cummings 2014 Insert an image of your client here, to help you visualise them. You can even give them a name. Step 2: Your Existing Offering A: List everything that you currently offer to your clients (or prospective clients). So for example, let’s suppose you provide a bespoke wedding dress design service. Your list might look something like this: 1. 2. 3. 4. Design beautiful wedding dresses Bespoke service Each design and fabric individual to the bride Wide range of fabrics, silks and laces List as much as you can think of. On the next page, you’ll compare this with your competitors’: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. © Mary Cummings 2014 Step 3: Spy on Your Competitors Research your top 3 competitors. What’s the difference between your offering and theirs? What are YOU offering that they aren’t? What are THEY offering that you aren’t? Your Offering 1 2 3 4 5 6 7 8 9 10 © Mary Cummings 2014 Competitor 1 What’s different Click here to enter text. Competitor 2 What’s different Competitor 3 What’s different Click here to enter text. Click here to enter text. 11 12 13 14 15 © Mary Cummings 2014 Step 4: Competitor Comparison Your Offering Competitor 1 Competitor 2 Competitor 3 What people like about them Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. Click here to enter text. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 What people don’t like about them © Mary Cummings 2014 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Marketing methods Relationship with customers / Customer Service © Mary Cummings 2014 Click here to enter text. Click here to enter text. Click here to enter text. Other Information Click here to enter text. Click here to enter text. Click here to enter text. Step 5: Putting It All Together © Mary Cummings 2014 OK, so what have you learnt? What differences are there between you/your competitors, or between the competitors themselves. What’s your advantage? What can you offer that they can’t? Remember, smaller/leaner isn’t necessarily a disadvantage. In many respects, it’s an advantage, as you may be able to pass on savings with less overheads. After extensive research, our wedding dress designer decided to provide a bespoke service for curvy women, as this was lacking in her area. She provided an exclusive fitting service with bucks fizz and canapés to make the fitting experience extra special, and she partnered with a local jewellery designer, so that the bride to be could, if she wanted to, have beautifully designed bespoke jewellery. And that, by the way, is a true story. So, what ideas have you come up with? Make a note of them below: New products Click here to enter text. Click here to enter text. Products for subsections of market (niche) Click here to enter text. Click here to enter text. © Mary Cummings 2014 Click here to enter text. Click here to enter text. Other ideas (try looking at other markets to see what ideas you can “borrow” for your own) Step 6: Write Down Your Value Proposition You’ve carried out extensive research (well done) all of which has been extremely valuable. This may have thrown up some surprises (we often make assumptions about our target market/ideal clients), but at least you are armed with solid data. © Mary Cummings 2014 Now, you can use draft a clear, compelling value proposition. Don’t worry about getting it right the first time. It will take some brainstorming, so why not rope in someone to help you. As you write your Unique Value Proposition, test it against these 5 criteria: 1. Is it short and to the point? 2. Is it memorable? 3. Does it make an emotional connection with your market? 4. Does it speak to the most urgent needs of your market? 5. Does it clearly tell people why you’re different? Use the template on the next page to give you some ideas, play around with it to see what fits comfortably for you/your business and brainstorm with others to see if they get it. Finally, when you’re done, send your completed idea(s) to me by email at [email protected] and I promise I’ll respond with some further tips or ideas (if appropriate, I won’t red-pen anything just for the sake of it). Just to be clear, I can’t and won’t promise unlimited amendments – but I promise I will take a look. Mary x Use this template to write your compelling, unique value proposition Product/service/name :____________________________________________ Example: I’m Mary Cummings, a business woman, mentor and author (b) Ideal Client/Target Market: ________________________________________ © Mary Cummings 2014 I help self-employed parents .. (c) Need/problem/opportunity: _______________________________________ learn how to transform their business into a successful, profitable platform in less time and with less stress .. (d) How they Benefit: _______________________________________________ so that they can live the life they truly desire, on their terms. The format isn’t written in stone, so play around with it to see what fits comfortably for you. Your business name can be inserted instead of your name. Equally, if you’re launching a product, use that instead. Using a template like this will help you write a proposition so clear, it will immediately connect with the people who matter. My unique value proposition © Mary Cummings 2014 © Mary Cummings 2014
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