Startup Funding Espresso – What Is a Value Proposition

What Is a Value Proposition

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

A value proposition is a feature that makes the startup valuable to the customer.

It’s not your mission statement, which is the overarching goal of the business.

It’s not your mantra that shows what your business stands for.

A good value proposition aligns with the customers' needs.

A unique value proposition shows how your business differentiates from others.

Those who identify with your value proposition are your ideal customers.

To identify your value proposition, look at the customer’s problem and ask how you can solve it in a new and different way.

Analyze the competition to see how your solution differs.

Test the value proposition with customers to see how well it resonates with them.

Good value propositions focus on the customer and are unique.

It’s important to write out your value proposition so that you clearly understand it and can communicate it to others.

Every startup should identify its primary value proposition and promote it to the market.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_________________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact [e-mail]   

Please follow, share, and leave a review.

Music courtesy of Bensound.