Get All Access for $5/mo

Plan Your Uniqueness USP stands for Unique Selling Proposition. Here's how to establish yours.

First, determine what benefits customers receive when they purchase your product or service. This can be based on how your business operates, the quality of your work, or any other element that makes you stand out.

Then, make sure your competition doesn't offer the same proposition. You can't be as good as they are; you have to be better. This isn't as hard as it sounds. Your competitors might have the same qualities, but perhaps they don't capitalize on them. If you define the benefit and educate the customer, you've gained the advantage.

Don't take your USP lightly. It must be strong enough to continually attract new customers. If handed correctly, your USP will come to define you and your business.

Excerpted from Get Smart: 365 Tips To Boost Your Entrepreneurial IQ

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.