Third, begin to write down and crystallize your ideas. Don’t worry about length at first, just write down key points of your USP concept. Focus on benefits to your customer of each concept. Develop a list of 5 to 10 possible USPs.

Show this list to your staff, friends, family and current customers. Get their input and suggestions and use these suggestions and comments to narrow your USP concept down to a single main differentiating concept.

Once you’ve settled on most unique and compelling feature of your product or business, begin to distill it down to one paragraph that clearly communicates and sums up why your customers should buy from you. Use this paragraph on your website or in your print marketing materials where you have more room to explain unique benefits that you bring to your customers. However, it’s still too long to for an effective tag line or slogan.

You still need to distill your USP down to one or two focused sentences that clearly and concisely communicate benefits of your USP to your customers. This statement should leave no question in your customers mind about what you do and what makes you different than your competition.

This USP statement will become your tagline or slogan. This process will take some time and your USP statement may require several revisions before you’re comfortable with final draft.

Fourth, integrate your USP statement into everything you do. Put it on every page of your website, on your letterhead, in all of your advertising and marketing. Communicate it to your employees, managers and staff. Let it infuse into your corporate culture. Every time you talk to your customers, employees or suppliers you should mention this USP. You cannot just give lip service to your USP, you must live it and breath it! It must become a part of you.

Every product, business or service needs a USP that will make it stand out from competition. It’s up to you to discover or create this element of uniqueness. Differentiate yourself, your business and your products from your competition and watch your profits soar!

Want to improve your conversion rates? Eric Graham is the CEO of several successful online companies. Internationally recognized as a top authority on eCommerce & Website Conversion , he's an in-demand speaker & consultant.

As popularity of debtors' prison declined, concept of giving debtor a fresh start became one of primary purposes of bankruptcy process. It is important to remember that a bankruptcy is a personal action which at time of discharge gives petitioner (formerly debtor) a fresh start. The property owned by petitioner does not get fresh start, individual does.

The fact that bankruptcy is a personal action may shed some light on effect of a homestead exemption in a bankruptcy proceeding. The bankruptcy code acknowledges validity of homestead exemption. A homestead exemption is a personal exemption which, in an effort to preserve a person's home, protects a certain amount of an individual's equity in homestead property. State law determines extent and effect of a homestead exemption. Thus, if state law says that a person can declare a homestead up to $45,000 and if there is less than $45,000 equity in property, that equity in property is protected by homestead exemption. This principal operates without regard to Federal Bankruptcy Code.