How deep will you dig?

Written by Richard Baldwyn ATT, CTA
August 7, 2014

Here’s a picture to get your attention:

I'll explain what he's doing there in a minute…

…but first, here's a question every customer asks but which absurdly few marketers bother to deal with in their messages.

"Why should I choose you?"

In fact, Dan Kennedy puts it even better:

“Why should I, your prospect, choose to do business with you versus any and every other option?”

If you can’t answer that question, you’re dead in the water.

Today's hint: always make sure you differentiate yourself.

Make sure that you do so in every single message you send out or run…

Because if you don't, you're making things needlessly hard for your customers.

They have to base their choice on little more than guesswork. And if they can’t differentiate you from your competitors, then they’ll choose on price.

One man, Rosser Reeves, built a huge advertising agency by finding and promoting a kind of differentiation: he called it the USP – the unique selling proposition.

Rosser's idea – simple, like all good ones – was to find one benefit nobody else could offer and hammer it home relentlessly.

Outstanding businesses have been founded on a USP alone. For example, here's a very well known USP…

"Red hot pizza delivered to your door in 30 minutes or less – guaranteed."

Tom Monahan of Domino’s Pizza created one of the most successful fast-food franchises in the world from the strength of this USP.

So did Fred Smith of FedEx (“When it absolutely positively has to be there overnight – FedEx”).

Of course, finding your USP may be easier said than done. Many businesses are similar.

So here's a list of 21 things to start you thinking:

Are you unique?
Cheaper?
Quicker?
Better value?
Safer?
The most trusted?
The friendliest?
The first?
The top seller?
The most tested?
Give quicker service?
The most advanced?
The latest?
The oldest?
The most loved?
The one experts prefer?
The most reliable?
More fun?
Sold in a special way?
Easier to deal with?
More helpful?

And don’t get side-tracked by the word ‘Unique’.

It doesn’t matter if everyone else in your industry does the same.

f you're the only person saying it, you own it. A good example is Carphone Warehouse. Were they the only firm offering advice to phone buyers? No. They were just the only ones saying so.

What's more, if others start talking about the benefit you're promoting, they can even end up selling for you. That's because you've fixed that particular benefit in people's minds and they associate you with it.

And don’t stop with just one USP. The more reasons you give, the better you do. And sometimes by bundling a few together you end up with a sort of packaged USP.

Why the mole? Because to find the things that make you different, you have to dig.

So go ahead. Get digging.

About the author

Richard Baldwyn ATT CTA

Richard is Co-Founder of The Friendly Accountants and has more than 30 years' experience in tax, including 3 years spent inside HMRC before moving into private practice. He advises individuals and owner-managed businesses on a wide range of UK tax issues, including the tax challenges created by digital platforms and online business models.

Richard has specialised in UK crypto taxation since 2016 and was one of the first UK tax advisers to write publicly about the taxation of cryptoassets. His work includes advising individuals, investors, founders and owner-managed businesses on complex crypto transactions, HMRC disclosures and enquiries, DeFi, NFTs and the tax issues facing businesses operating with digital assets.

He also has first-hand experience of cryptoassets and Web3 projects, combining practical knowledge of how crypto is used with wider UK tax experience.

He particularly enjoys making complex tax transactions easier to understand and helping clients apply tax rules to transactions and technologies that do not always fit neatly within traditional tax categories. More about Richard and the TFA team

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