In this issue I want to reveal a formula for positioning your company as the “Only Choice”.
As you know, positioning strategy is critical to market success. If you are offering the same things in the same way as competitors, you’re doomed to charging low prices for your products and services – if you even survive in the long run.
For years now, I’ve used a formula to help my clients focus on their unique market advantages and create a unique selling proposition. It’s one of the best formulas I’ve seen at forcing your mind to think of the unique advantages that you alone bring to your customers, patients and clients.
It’s fast. It’s intuitive. And once crafted, you can use it with your sales team, your ads and your marketing to knock your competitors out of the game in about 30 seconds.
This formula works face-to-face, in print, radio, TV and on the Web. And it can be used on everything from cars to fur coats to plumbing.
I’ve never made this strategy public before. But, I’ve promised to give you the “good stuff” in the Strategy Matters newsletter, so; here it is…
Meet the “Exclusivity Funnel”.
The Secret Power Of The “Exclusivity Funnel”
Before revealing the Exclusivity Funnel, let me first cover two critical aspects of influence psychology that give this secret formula its power. Then I’ll give a broad overview of the Exclusivity Funnel and how it works.
Here we go…
Influence Fact One: All people go through an almost unconscious series of steps before making a purchase of any consequence.
We search for a solution to a problem, create a set of options for comparison, and narrow the options down to a single choice and then take action.
We all go through this process. It can happen in seconds or take weeks. But we all move through that mental sequence when making a purchase decision.
The power of the Exclusivity Funnel is it uses the natural “narrowing down” phase to your advantage, as you’ll see in a moment.
Influence Fact Two: Consumers are skeptical. More than ever today. When a product or person makes bold claims of superiority over all others, you and I put up our mental guard.
Our first instinct is to dis-believe. “Yea right”. “Prove it”. “You and everyone else”. Those are the thoughts that instinctively come to mind when we hear a product or person bragging.
The Exclusivity Funnel paces this instinct in your prospects. It admits the truth – there are other great providers of this product or service out there. And gives them what they want – a reason to choose you or your products.
The Exclusivity Funnel Formula
1.First you state the facts about the market in the most general terms.
2. Then you narrow the field down a bit using whatever criteria you select.
3. Then you narrow it down to only you or your product based on whatever your unique advantage or USP is.
Let’s use a local loan originator as an example. They sell a commodity product and there are lots of them – so they have trouble making themselves stand apart. Watch how easy it is to separate them from the pack, professionally, using the Exclusivity Funnel…
(Step one) “Right now, there are about 200 originators here in Sunnyville.”
(Step two) “Out of those, 7 really do a great job for their clients and I would be comfortable recommending them.”
(Step three) “But to my knowledge, I’m the only lender who spends a minimum of two-hours doing an in-depth analysis of your long range financial objectives, tax issues, investing strategies and more in order to give you a loan that fits like a glove with your goals for retirement.”
Remember, what you “funnel” down to can be anything that you feel is a real benefit to the client and a unique strength of yours.
Let’s take a copywriter – his or her funnel may look like this….
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