You might know what you do, but does the customer?
It’s sometimes hard to explain your business to a new customer, and that’s a problem.
Entrepreneurs may offer a new type of service or a new product that people aren’t familiar with. But more often, they simply haven’t sat down and really analysed their purpose – what they’re doing, what’s in it for the customer, and what makes them different.
In other words, they haven’t worked out their value proposition.
So people often hesitate when they try to describe what they do. But customers are impatient and don’t like to waste time hunting for clues as to whether or not a business is a match.
Customers and investors may give them a second chance and enough time to explain, because the elevator pitch isn’t always as urgent as it’s portrayed.
You have around 3 seconds to get your message across on the web before visitors start itching to leave your site. So it’s vital to express your promise or value proposition quickly and clearly.
What not to do
Here are five mistakes businesses often make with their value propositions online:
- They tell the visitor who they are then bury the pitch in a lot of text below
- They say what they do, alright, and leave it at that. The customer wonders why he should care
- Their value proposition isn’t expressed clearly, so customers don’t understand what they’re all about
- They make a persuasive value proposition but pitch it to the wrong audience
- Above all, they simply don’t show what value they offer, and in a few seconds the customer’s gone, probably to do business with the competition.
Why headlines count
Write an effective headline on your home page and you’re half way to successfully communicating your value proposition in those valuable few seconds you’re allotted. You’re also well on the way to avoiding the mistakes above.
A headline will show what you do, who you do it for, and what value (or benefits) you promise. It should be brief, because people are impatient. It should be clear and packed with nouns not adjectives.
In some cases it helps to explain who your target customer is. If you’re a marketing agency working with small businesses in Wisconsin, tell the reader. If you make cars and deal with a wide range of customers, there are other ways to signal your target audience (a picture of a car wouldn’t hurt).
Headlines count because they’re the quickest way to get a customer thinking “I know what this business does, who they do it for and why they’re better than the competition”. And that knowledge takes them one step further to conversion.
