Transcript
Page 1: Value propositions for profit-seeking entrepreneurs

Value Propositions for Profit-seeking entrepreneurs

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Lisa Princic

lisaprincic.com Facebook@lisaprincicLinkedIn

Strategist | Author | Coach

Lisa helps impact-driven entrepreneurs find true clarity, true clients and true wealth. She is a trained business strategist and coach who believes that in order to move from being self-employed to a true business owner, they need to go to the heart of their business model to discover what’s real and what’s possible.

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A value proposition contains the DNA of your business that

guides your strategy & signals to the world what you

offer.

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Value Propositions for Profit-seeking entrepreneurs

The combination of what do for people, who you are meant to serve and what you stand for

– your sweet spot!

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Value Propositions for Profit-seeking entrepreneurs

Without knowing yours it’s impossible to scale, increase your impact & make a profit.

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Value Propositions for Profit-seeking entrepreneurs

First, let’s look at what it’s not . . .

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Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis– Patagonia's Mission Statement

Spreading the power of optimism. – Life is Good’s purpose

It’s not a mission statement or a company’s purpose – those are too simplistic:

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Value Propositions for Profit-seeking entrepreneurs

A value proposition is also not marketing - a heading, a

visual and a few lines of text . . .

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Spreading the power of optimism. – Life is Good

Build the best product, cause unnecessary harm, and use business to inspire and implement solutions to the environmental crisis–Patagonia's Mission Statement

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Value Propositions for Profit-seeking entrepreneurs

Quite simply, it’s the promise of value you deliver & the main reason a prospect should buy from you.

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I help conscious entrepreneurs, who want to earn more profit, develop customized

business strategies to attract better clients and significantly increase their revenue in

just 3 months.

Example 1:

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Value Propositions for Profit-seeking entrepreneurs

Main components: Target audience Solution you provide Outcomes you promise What makes you different Social proof or evidence

(optional)

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Value Propositions for Profit-seeking entrepreneurs

We help [identify your ideal prospect] succeed by

[outcomes/results you deliver]. [Your solution] [describe main

benefit/unique value] as demonstrated by [evidence].

The template

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We help passionate women entrepreneurs in the early stages of their business

growth increase their revenues through online and offline networking and learning

opportunities.

Example 2:

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Value Propositions for Profit-seeking entrepreneurs

To find your value

proposition start by

understanding what your customers

value.

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Value Propositions for Profit-seeking entrepreneurs

It’s not all the features & cool things your product or service

can do.

It’s what it does for them, based on their desires,

not yours.

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Value Propositions for Profit-seeking entrepreneurs

It’s your job to get into the head of your BEST clients to find out what their burning

needs are, what keeps them up at night & what helps them

reach their vision.

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Value Propositions for Profit-seeking entrepreneurs

Do this in 3 ways:

1. OBSERVE2. ASK3. BE THEM

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Value Propositions for Profit-seeking entrepreneurs

1. OBSERVELook at what they talk about, write about, find important and share in conversations and on social media.

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Value Propositions for Profit-seeking entrepreneurs

2. ASKUse open ended vs. leading questions to get accurate answers so people don’t say what they think you want to hear.

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Value Propositions for Profit-seeking entrepreneurs

3. BE THEMGet into their headspace. Think about what they want in their life more than anything. Imagine what emotions they want to experience.

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Value Propositions for Profit-seeking entrepreneurs

Now let’s look at you . . .

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Value Propositions for Profit-seeking entrepreneurs

You and what you offer in a unique way is the other

half of your value proposition.

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Value Propositions for Profit-seeking entrepreneurs

What you deliver and how you are uniquely designed to do it differently from everyone else

is a very big piece of what makes you attractive to a subsection of your target

audience.

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Value Propositions for Profit-seeking entrepreneurs

Otherwise you have to be the first, best or only ..

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Value Propositions for Profit-seeking entrepreneurs

And that’s

a pretty tall order

!

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How do you grow your organization by being

yourself?

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Value Propositions for Profit-seeking entrepreneurs

To be successful you have to say something. That

something needs to say what you mean.

KNOW YOURSELF!!

Be bold!

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Value Propositions for Profit-seeking entrepreneurs

3 Truth-seeking questions:

• I believe ... • The value I create impacts

people positively because ...• The purpose of my work is

to... • I get really excited about...

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Success comes from having confidence in who you are. Differentiation is how you

communicate it. Leave an impression with

your truth. It’s as simple as that.

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What’s your BIG why?

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Prospects often become attracted to you because they

buy IN to your bigger vision.

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Why you have decided to take this path is another big reason that makes

you STAND OUT from everyone else.

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Value Propositions for Profit-seeking entrepreneurs

Now it’s your turn to create your own meaningful value

proposition!

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Value Propositions for Profit-seeking entrepreneurs

Helpful hints :

Make sure it means something to you.

Make it as specific as possible.

Add movement, evidence or a metric to strengthen it.

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Value Propositions for Profit-seeking entrepreneurs

Ways to use it:

As a statement to guide your whole business strategy.

To steer away from opportunities that don’t fit.

As a positioning statement to put on your homepage.

For the foundation for your brand strategy.

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Value Propositions for Profit-seeking entrepreneurs

Ready to create your own super-powered value proposition?Use this link for 60% off my

in-depth course:Value Propositions for

Profit-seeing Entrepreneurs. (Act fast! Limited # of discounted enrollments

available.)


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