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<span class="active_member_name">Paul Anderson</span>
Paul Anderson
Business Psychology Consultant
Redmond, Washington
Posted by Paul Anderson, Redmond, Washington | Aug 14, 2008

Subscribe to Starting a business What is Your Value Proposition?

I was puzzled by this terminology when I first came across it. I've noticed many first time business owners are still puzzled by this.

In order to be successful in business, you first need to understand your own Value Proposition.

According to Investopedia:

A business or marketing statement that summarizes why a consumer should buy a product or use a service. This statement should convince a potential consumer that one particular product or service will add more value or better solve a problem than other similar offerings.

Have you done your homework (or paid for market research) to understand what sets you apart? Do you understand your customer's pain points that you can address right NOW? Do you know the terminology your customer is using to describe their wants, needs, desires?

So what is your Value Proposition? Post it here and I and others can give you feedback.

1 Biznik has posted a reply

  • Arne Antos
    Posted by Arne Antos, Gig Harbor, Washington | Sep 20, 2008

    With my services the client will get a 5X to 10X return on their investment. If the client does what we agree on and does not reach the key performance indicators agreed upon, I will return the unearned fees.

This forum is unmoderated, but please keep discussion courteous and not too far off topic.

Members posting in this topic

  • Arne Antos
    Business Process Mentoring
    Gig Harbor, Washington

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  • value proposition
  • new business
  • starting a business
  • understanding customers
  • prolango
  • paul anderson
  • target audience