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Unit 5 Lesson 1 Lecture

The document discusses unique selling propositions (USPs), which are marketing strategies that highlight distinct features of a product or service to differentiate it from competitors. It provides examples of USPs for various businesses and outlines the key steps in writing an effective USP: (1) reviewing business goals, (2) identifying customer needs, (3) focusing on solutions, and (4) combining these into a concise statement. Entrepreneurs need USPs to attract customers, improve sales, and build brand loyalty through clear differentiation from other options.

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Mary Aaliyah Dy
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0% found this document useful (0 votes)
168 views29 pages

Unit 5 Lesson 1 Lecture

The document discusses unique selling propositions (USPs), which are marketing strategies that highlight distinct features of a product or service to differentiate it from competitors. It provides examples of USPs for various businesses and outlines the key steps in writing an effective USP: (1) reviewing business goals, (2) identifying customer needs, (3) focusing on solutions, and (4) combining these into a concise statement. Entrepreneurs need USPs to attract customers, improve sales, and build brand loyalty through clear differentiation from other options.

Uploaded by

Mary Aaliyah Dy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 29

Unit 5: Product Propositions

Lesson 1
Unique Selling Proposition

Entrepreneurship
Senior High School Applied - Academic
Why do businesses need
to describe their product
uniquely?

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 2
● Recognize and understand the
Learning market.
● Describe the unique selling
Objectives proposition that differentiates
At the end of the
one’s product or service from
lesson, you should be existing products or services.
able to do the
following:

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 33
Did you see a business
wherein they describe
their product differently,
such as using attractive
words?

Can you give an example


of these businesses?

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 4
What may be
the reasons
why businesses
highlight these
special features
of their
product?

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 5
Unique Selling Proposition

a marketing strategy
that focuses on special
features of a product or
services which enable
them to stand out from
the competition and
attract customers
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 6
Example: Unique Selling Proposition

Business/Product USP

Starbucks Coffee Premium Coffee

Domino’s Pizza You get fresh, hot pizza delivered


to your door in 30 minutes or less
or it’s free.

M&Ms The milk chocolate melts in your


ENGAG EXPLOR mouth, not in your hand.
EVALUAT
EXPLAIN EXTEND 7
Sources of Opportunities

Business/Product USP

Papa Johns Pizza Better ingredient, Better Pizza

FedEx Express Guaranteed Overnight Delivery

Facebook Helps you to easily connect and share


with people that you know

AirBnB Finds cheap places to stay


ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 8
Remember

A unique selling proposition is a


statement created by entrepreneurs
to highlight distinct characteristics of
products or services from
competitors.

9
Why do entrepreneurs need to use a
unique selling proposition?

10
Purpose of the Unique Selling Proposition

1.Sympathize with customer needs


2. Motivate the customer
3. Uncover the real reason why the
customer buys the product
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 11
Tip

The unique selling proposition


describes only the features of the
product or service that is different
from others.

12
Why do entrepreneurs need to use a
unique selling proposition?

13
Advantages of the Unique Selling Proposition

Clear Differentiation

Improved Revenue

Loyal Customers

Simpler Selling

Sales Strategy
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 14
What are the steps in writing a
unique selling proposition?

15
Why do entrepreneurs need to use a
unique selling proposition?

16
Purpose of the Unique Selling Proposition

1.Sympathize with customer needs


2. Motivate the customer
3. Uncover the real reason why the
customer buys the product
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 17
Tip

The unique selling proposition


describes only the features of the
product or service that is different
from others.

18
Why do entrepreneurs need to use a
unique selling proposition?

19
Advantages of the Unique Selling Proposition

Clear Differentiation

Improved Revenue

Loyal Customers

Simpler Selling

Sales Strategy
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 20
What are the steps in writing a
unique selling proposition?

21
Steps in Writing Unique Selling Proposition

Step 1. Review the planning process.


Step 2. Identify the target audience’s problem.
Step 3. Focus on the solution.
Step 4. Combine it into a concise statement.

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 22
22
Example: Steps in Writing Unique Selling Proposition

Situationer:

An entrepreneur who has a restaurant


offering fried chicken will create a unique
selling proposition in order to increase the
sales of the business.

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 23
23
Example: Steps in Writing Unique Selling Proposition

Step 1. The mission of the business is


to offer fried chicken to
Review the
customers at a cheaper price
planning
but with high quality. The goal
process. of the business is to expand
into multiple branches.
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 24
24
Example: Steps in Writing Unique Selling Proposition

Step 2. There is no other store


offering fried chicken in the
Identify the
place where the business is
target
located.
audience’s
problem.
ENGAG EXPLOR EVALUAT
EXPLAIN EXTEND 25
25
Example: Steps in Writing Unique Selling Proposition

Step 3. The business will offer a


product that will meet the
Focus on
customer’s needs and
the solution.
satisfaction.

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 26
26
Example: Steps in Writing Unique Selling Proposition

Step 4. The entrepreneur will come up with


a unique and concise statement.
Combine it into
a concise
USP: Affordable homestyle fried
statement. chicken made with 10 herbs and spices
right next to your door.

ENGAG EXPLOR EVALUAT


EXPLAIN EXTEND 27
27
Wrap Up

Unique selling proposition (USP) is a marketing


strategy that focuses on special features of a
product or services which enable it to stand out
from the competition and attract customers.
Clear differentiation, improved revenue, loyal
customers, simpler selling, and sales strategy
are the advantages of using a unique selling
proposition to the business.

28
Wrap Up

29

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