{"id":4133,"date":"2020-03-18T16:58:19","date_gmt":"2020-03-18T08:58:19","guid":{"rendered":"https:\/\/www.brand360.com.my\/?p=4133"},"modified":"2024-12-20T15:59:58","modified_gmt":"2024-12-20T07:59:58","slug":"value-proposition","status":"publish","type":"post","link":"https:\/\/www.brand360.com.my\/chinese\/brand-purpose-vision-values\/value-proposition\/","title":{"rendered":"Value Proposition, the Foundation of Every Brand Strategy"},"content":{"rendered":"<h1 class=\"post-gap\" style=\"font-size: 30px; line-height: 35px; font-weight: bold;\">Value Proposition, the Foundation of Every Brand Strategy<\/h1>\n<h5>A value proposition is a set of benefits a brand promise to deliver to its target customers. You might have heard something about the Unique Selling Proposition (USP), where you offer something different than your competitors. Well, USP is a part of the value proposition, since the latter encompasses a bigger part of your brand strategy.<\/h5>\n<h5>So yes, a value proposition <strong>proposes a set of values<\/strong> that customers need and\/or want. It is a promise from a brand to the audience and it states how a brand is unique and different from their competitors. While a USP only says what the unique factor is, value proposition covers physical, functional, emotional and social benefits.<\/h5>\n<h5>The value proposition is <strong>not<\/strong> a slogan, tagline, vision, mission or a brand positioning statement. Instead, it is a clear statement of how your product or service solves a customer problem, satisfies a need and makes their lives better. It\u2019s usually written on the homepage of the company\u2019s website to tell customers from the get-go on what to expect.<\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4135 size-full\" src=\"https:\/\/www.brand360.com.my\/wp-content\/uploads\/2024\/12\/Untitled-design-10-e1734681572270.jpg\" alt=\"Value proposition the foundation of brand strategy\" width=\"1921\" height=\"1050\" \/><\/p>\n<h5>You can see an example of our value proposition. It highlights our professional services that help businesses grow and add value to their end customers.<\/h5>\n<h5><strong>What makes a good value proposition statement:<\/strong><\/h5>\n<ul>\n<li>Short, sweet, and comprehensive<\/li>\n<li>State their benefits to the customers<\/li>\n<li>Clear and understandable<\/li>\n<li>Use terms that the target audience can understand<\/li>\n<\/ul>\n<h5>Now that we know what value proposition is, let\u2019s look at how to develop a value proposition statement and kickstart an effective brand strategy.<\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4136 size-full\" src=\"https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1.jpg\" alt=\"Value Proposition to start your brand strategy\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1.jpg 1080w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-300x300.jpg 300w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-1024x1024.jpg 1024w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-150x150.jpg 150w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-768x768.jpg 768w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-146x146.jpg 146w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-50x50.jpg 50w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-75x75.jpg 75w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-85x85.jpg 85w, https:\/\/www.brand360.com.my\/wp-content\/uploads\/2020\/03\/Brand360-Infographic-16.1-80x80.jpg 80w\" sizes=\"(max-width:767px) 480px, (max-width:1080px) 100vw, 1080px\" \/><\/p>\n<h5>We love to use the Brand Ladder framework as an exercise for the value proposition. Here, the ladder has four levels of benefits (i.e. values) that your brand promise to provide. These benefits are physical attributes, functional benefits, and emotional benefits. You can even up the top level for social benefit.<\/h5>\n<h5><strong>\u2018Physical attribute\u2019<\/strong> is the first level of your value proposition. It states the tangible aspects of your product or service. These attributes have to be what your customers are seeking. If you\u2019re targeting weight-watchers, common attributes can be \u2018zero MSG\u2019 \u2018natural flavours\u2019 or \u2018stevia as sugar substitute\u2019.<\/h5>\n<h5>The second level is <strong>\u2018functional benefit\u2019<\/strong>. How does the thing you\u2019re offering works to solve the customer\u2019s problem or add value to their life? A shampoo brand can say that their product makes hair more voluminous in 30 days. A fashion brand can say their clothes can be worn for both work and casual events.<\/h5>\n<h5>The next level is <strong>\u2018emotional benefit\u2019<\/strong>. This is where you state how your product or service makes customers feel. Thick luscious hair can make the customer feel more confident and attractive, for example. Stevia coffee can lower sugar levels and help them live healthier, safer lives. Ultimately, customers want to feel happy, so your value proposition should help them achieve happiness.<\/h5>\n<h5>The last level of the Brand Ladder is optional if you want to go a step further in providing benefits to your customers. <strong>\u2018Social benefit\u2019<\/strong> is how your product or service can contribute to the social aspect of the customer. Luscious hair makes one attractive and therefore more appealing to the social circle, be the centre of attraction. Healthier diets enable one to do activities with the family.<\/h5>\n<h4><strong>In Conclusion<\/strong><\/h4>\n<h5>As you look at the Brand Ladder and figure out your benefits, try to ingrain a unique factor that other competitors have not offered. Thus, your brand would be built by a robust strategy that is competitive from the core.<\/h5>\n<h5>And with the value proposition, you can move forward on the next step of the <a href=\"https:\/\/www.brand360.com.my\/chinese\/brand-consulting-services\/brand-building-strategy\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>brand strategy development<\/u><\/a> and grow your brand. As the foundation of your brand, the value proposition is a valuable and useful method of making your brand relevant to the customers, differentiating from the competition while staying true to your identity. Since it is an essential brand-building tool, we recommend <a href=\"https:\/\/www.brand360.com.my\/chinese\/ceo-brand-strategy-playbook\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>our guidebook<\/u><\/a> on the topic as well as other brand strategy elements that you can try.<\/h5>\n<h6><em>Article updated on March 2020 to keep content relevant and fresh.<\/em><\/h6>","protected":false},"excerpt":{"rendered":"<p><span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":3,"featured_media":4134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[109,110,105],"tags":[],"table_tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Value Proposition, the Foundation of Every Brand Strategy - Brand360<\/title>\n<meta name=\"description\" content=\"A value proposition proposes a set of values that customers need and\/or want. 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