💡 𝟱 𝗞𝗲𝘆 𝗧𝗶𝗽𝘀 𝗳𝗼𝗿 𝗡𝗮𝗶𝗹𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗣𝗶𝘁𝗰𝗵
Consider these essential strategies to effectively communicate your value proposition, key differentiation, and fact-based competitive edge:
📖 𝗗𝗲𝗳𝗶𝗻𝗲 𝘁𝗵𝗲 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗣𝗿𝗼𝗯𝗹𝗲𝗺: Start by clearly articulating the pain points your customers face. Help investors understand the significance of these issues and why your solution isn’t just a “nice to have”. Make sure you’re covering the targeted problems of the customer who is actually the end-customer responsible for buying your solution.
📉 𝗤𝘂𝗮𝗻𝘁𝗶𝗳𝘆 𝘁𝗵𝗲 𝗣𝗿𝗼𝗯𝗹𝗲𝗺: Don’t just provide a laundry list of problems, quantify the result and impact of those problems using numbers (like wasted money spent annually, lost revenue, increased costs, decreased margins, etc.).
💬 𝗣𝗿𝗲𝘀𝗲𝗻𝘁 𝗬𝗼𝘂𝗿 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻: Clearly position your offering as the solution to these exact challenges. Describe how your product or service improves outcomes, again quantifying the results of your solution using individual customer case studies or across the board results.
🥊 𝗔𝗱𝗱𝗿𝗲𝘀𝘀 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗼𝗿𝘀: Segment your competition into a few different category types, and explain how your solution is superior to each type. Whether competing with established companies, other startups, or in-house alternatives, highlight what sets you apart and why your solution is most effective.
🔢 𝗕𝗮𝗰𝗸 𝗜𝘁 𝗨𝗽 𝘄𝗶𝘁𝗵 𝗗𝗮𝘁𝗮: Use metrics to support your claims. Highlight trends in customer acquisition, revenue growth, or any other relevant KPIs that demonstrate the effectiveness and scalability of your business model. Don’t make us take your word for it– prove it with numbers.
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