As pointed out by Tom Sant, if you can’t establish that you deliver superior value then the customer will choose based on price. In a previous post, “Value Propositions – what you do, why it’s important, how you do it” I reviewed articles from the Harvard Business Review, Forrester Research and other sources that discussed how to prepare your value proposition. Since writing that post we have started to use Tom Sant’s NOSE framework. It’s a simple approach to help you develop a compelling proposition focused on your customers’ needs.
Can you describe the value you deliver to customers? Is it sufficiently different from what your competitors do? Can you persuade prospects that you are their best choice? Understanding how to communicate your value proposition is essential for generating leads and acquiring new customers. For online marketers, you have to communicate the value to a web visitor in a few seconds or they may leave your site. For B2B sales teams, you have to describe a convincing value proposition in your sales proposals or you won’t win the deal. Read More