If you own a web site or if you are going to build a new one,
most important thing about your site is to achieve as high as possible visitors to sales conversion rate. Although they say that "the traffic is king online", if your website converts poorly, your online business will fail, unless you receive tons of free traffic which I doubt.
On
Internet today every website has competitors. So, in order to have a high conversion rate your online business should have a unique selling proposition, sometimes also called "unique value proposition" (USP or UVP).
What is this unique selling proposition? Your USP is
biggest unique benefit to your prospects. A benefit is an answer to your customer's question of "What's in it for me?" You should tell your prospects what makes doing business with your company better than doing business with your competitor.
Here are some guidelines for creating a compelling unique selling proposition - USP:
Write down every possible reason you can think of why someone would want to do business with you. Review
list and eliminate everything that is also true of your competitors. If a competitor can make
same claim, it's not a "unique" proposition.
Some quick guidelines:
1. What is unique about your service compared to your direct competitors? 2. Which of these factors are most important to your prospects? 3. Which of these factors are most difficult for your competitors to imitate? 4. Which of these factors can be understood most easily by your prospects?
Rework your USP until you have it simple and clearly defined that your customers can instantly identify with. USPs work best when they are a sentence or two for
most.
Lowestfare.com is an example of a company whose unique selling proposition is clearly defined in their domain name. This company provides
lowest air fares in
air travel industry.
If your business doesn't have a unique selling proposition, you must create one in order to be successfull on
Internet!
When you have your USP, you should present it in your web site's headline, web copy, in every ad, do so year after year, and... remember that you must deliver what you promise.