Value Proposition Worksheet: Identifying Differentiators in Record Time
Last time, we discussed the importance of identifying real differentiators that resonate with your target market. Without this, you risk blending into all existing solutions and alternatives.
Now, it's your turn to apply the steps we identified to flesh out differentiators.
(For further explanation of any of the steps below, see the related article on Differentiators)
Â
đŞ´Â Discover how Joyful Ventures, an innovation agency, empowers you to drive community impact with bold vision, dynamic teams, and scalable processes
Request access. I give access to those who fill the form out above.
Â
Step 2: Fill out the Value Proposition Worksheet
This is the key information that will generate a ârough draftâ of your differentiator, which is the second part of a positioning and messaging statement.
Go to the tab âValue Proposition Worksheet.â Scroll past the below. This comes later.
Â
Â
Open up your âPersonaâ worksheet for immediate reference. For instance, refresh yourself on the top limitations youâve prioritized to solve with your differentiator.
Add in all items with the blue header under âYour Answerâ
Â
Â
List Convincing Differentiators. Do so by going through Step 3 below.This clarifies which of your differentiators is most worth highlighting.
Â
Step 3: Identify Differentiators
List differentiators that will convincingly and uniquely address their top unmet needs and limitations of existing solutions.
Commit to checking your optimism bias. To counter this, actually go through existing competitors and substitutes to see what they offer and where your strengths and weaknesses are. You might find your differentiator isnât that unique after all. If thatâs true, adjust your differentiator or reframe to think about how you can achieve better results for your shared target market.
Â
Audit differentiators. Open tab âDifferentiatorsâ and brainstorm options. (For more specific guidance on brainstorming questions, see Messaging & Positioning Template: Differentiators).
Â
Â
If you need tie-breakers, fill out the columns to the right of the âtie breakerâ column.
Â
Â
Add to the reasoning column. This helps others understand the âwhyâ behind your scoring.
Â
Step 4: Generate your Customer Unmet Needs Statement
Back in the âPersona Worksheetâ tab:
Fill out the rest of the section âConvincing Differentiator.â Draw from your work in the tabs above.
Â
Â
View the draft generated, once all rows with a â are filled in.
Â
Â
Refine and clarify. (As also mentioned in the first post in the messaging and positioning template series, consider using AI to help generate options, but donât overly wordsmith).
Â
Step 5: Send Me Your Completed Worksheet
Check off and confirm completion of every key step in tab âChecklistâ
Â
Â
Share this sheet with me providing âeditâ access
Â
Next: Marketplace Category
Now review the post about choosing a solid marketplace category that positions you well to succeed.
Â
â Whatâs your biggest challenge in this process? Share your feedback here or toggle by clicking.
Â
See the next article in the series below
Â
đĄ
This is part of a series about creating and validating your positioning and messaging systematically (Hit Toggle)