”Why should I buy from your store?”
The quicker you can answer this question on behalf of your customers, the better.
Keep in mind that buyers today are absolutely overwhelmed with choices. In fact, around 50% of consumers have abandoned a purchasing decision because they couldn’t find the right product.
For ecommerce brands facing more and more competition, it’s crucial to highlight why your product is a good fit, as soon as someone lands on your site.
That’s exactly where your value proposition comes into play.
In this guide, we’ll break down a variety of value proposition examples from top brands, and give you tips for writing your own.
What is a Value Proposition, anyway?
Let’s kick things off with a quick workable definition on Value Proposition…
A value proposition is a positioning statement that highlights why somebody should buy from your business. It also explains what benefits they should expect once they become a customer. Most value propositions can be condensed into one sentence or a tagline and should be easy to understand for people that are completely new to your brand.
This term is often used interchangeably with the coined phrase: Unique Selling Proposition.
The key difference is that a unique selling proposition focuses on what makes you different, while your value proposition highlights what you bring to the table for your customers.
In other words, what are the benefits and bonuses of doing business with you? What pain points do you relieve? How do you make your customers’ lives easier or better?
Below is an effective value proposition example from Canva.
The company’s tagline (“Design anything. Publish anywhere.”) speaks to their target audience that might be new to graphic design or intimidated by using more professional tools. Meanwhile, Canva clearly spells out how their product is easy to use (“drag and drop,” “free”) and assists users in achieving a specific goal (“design consistently stunning graphics”).
See how that works?
Value propositions also help brands solidify their identities and serve as powerful marketing messages by themselves. When done right, they can compel visitors to make a purchase with just a few words.
How a Value Proposition helps your business grow?
Each business has a value proposition and taking the time to analyze yours is worth the effort. Let’s take a look at some of the positives.
Uncover your most important selling point
Putting together a value proposition requires you to put your business under the microscope. Specifically, you have to know what sets you apart from the competition and how you can leave a lasting impression on customers.
Maybe you provide unparalleled service. Perhaps your product is built to last for life. Either way, this brainstorming process can help you uncover your business’ hidden gems.
Tweak your marketing messages
In short, your value proposition statement can be your best marketing firepower.
Take Canva’s “Design for Everyone” slogan, for example. Not only is the statement catchy, but it also fully captures the brand’s target audience and their products’ ease of use.
Consider also how many companies promote themselves as “hassle-free,” “budget-friendly,” or “speedy.” These aren’t just buzzwords: they’re brilliant phrases to sprinkle throughout your marketing campaigns based on your value proposition. Such campaigns might include:
- Social media posts
- Ads, landing pages, and calls-to-action
And again, your value proposition is also central to how you position yourself compared to your competitors.
Make meaningful changes to your products or services
Defining your value proposition might also encourage you to make significant changes to your products or services as your business evolves.
For example, a company with a successful value proposition which is centered around being budget-friendly, might introduce flexible payments or lower-cost products (or service tiers) to meet the needs of their audience.
What are some “good” value proposition examples?
Businesses have plenty of creative freedom when it comes to showcasing the value they provide for customers.
Below are some great value proposition examples as well as the different types of propositions that businesses should be familiar with.
Customer value proposition examples
Customer value propositions speak directly to consumers.
The concept here is simple: spell out the value of what you’re selling in a sentence or two.
For instance, Haus hypes up their high-quality alcohol subscription service as “something better’‘ with their unique flavors and natural ingredients.
Meanwhile, they eliminate the headache of choosing between a million different drink options by offering only a handful of flavors and delivering them directly to customers’ doorsteps.
The value proposition example below from Skillcrush brilliantly shows how to highlight the benefits of your product or service.
Their landing page copy and tagline (“Learn to code. Land the job. Change your life.”) both do a brilliant job of explaining how Skillcrush helps their users by relieving a specific pain point. In this case, being stuck in an unfulfilling or low-paying job.
Below is a straightforward value proposition from Red Wing Shoes. “Better With Age” is a simple and to-the-point tagline, signaling the longevity of the company’s products.
Highlighting their boots’ high-quality leather and the fact that they’ve been in business since 1905, this is a great example of how a value proposition can be used to tell a compelling story.
Employee value proposition examples
Employee value propositions are statements that companies use for the sake of hiring. The goal of these propositions is to attract the best talent possible. They convey a strong statement of value and respect by putting the key benefits of becoming an employee front and center.
To effectively manage these propositions, consider using HR management software for its efficacy in talent acquisition and employee development.
Craft compelling employee value propositions for effective talent acquisition, leveraging innovative tools to streamline and optimize the hiring process for attracting top-tier talent.
For example, HubSpot is very adamant about helping employees grow both personally and professionally.
Meanwhile, Dropbox emphasizes giving their workers control over their lives to promote a more “enlightened” way of working.
An alternative employee value proposition could involve a commitment to prioritize the well-being of your staff by offering wellness packages that include activities like yoga, meditation, or even access to anxiety medications.
B2B value proposition examples
Recent research from Gartner notes that, much like traditional consumers, Business-to-Business (B2B) buyers are often overwhelmed when researching products. Again, a clear value proposition can help clear up confusion and indecision.
What separates the B2B value propositions from those of B2C (Business-to-Consumer), is that not only are you tasked with explaining the value of your product to your audience (hint: businesses), but also those business’ customers. It’s almost like you’re selling to two different audiences at once.
This value proposition example from Zoho CRM does a great job at this, though. Notice how their landing page does double duty of promoting the power of their product with building better customer relationships and managing them.
Ease-of-use is popular within many B2B value propositions—as highlighted by Bluehost.
The ability to “build your website without breaking a sweat” speaks directly to business owners who’ve been burned by more complicated solutions in the past.
3 steps to writing your own value proposition
We get it: coming up with your company’s value proposition might seem daunting. If you have no idea where to start, consider these three steps to get the creative juices flowing.
1. Brainstorm what sets your business apart from the crowd
As noted earlier, every ecommerce niche is crowded. Standing apart from the competition to communicate your value might seem easier said than done.
However, there are plenty of tried-and-tested characteristics of any given business that can be used to define your value proposition. Let’s look at ‘em one-by-one.
Price point. For example, do you think of yourself as a luxury brand or a budget-friendly brand? If you’re the latter, a sample value proposition might include phrases like “affordable” or “low-cost,” perhaps even providing a specific dollar amount that your customers can spend or save (see below).
Since the desire to save money is such a universal pain point, it’s no secret why it’s central to so many business value propositions.
Familiar with Smile Direct Club? We thought so! They’re very popular.
Ease-of-use. Promoting your product like Zapier does—as simple, straightforward, and hassle-free is particularly compelling to modern customers who are overwhelmed:
Style. Crucial among fashion and retail brands, selling something with a signature style or aesthetic is a surefire way to stand out.
Prana nails it.
Quality. Promoting high-quality ingredients or materials establishes that your product goes above and beyond what’s considered “the norm.”
Take Billie Cosmetics’ approach:
Customer service. Like with Chewy below, personal, attentive customer care can be a selling point in and of itself. Having top-tier customer care showcases your empathy and commitment to your audience.
Security, durability, and/or longevity. When shopping online, people need to be reassured that they’re purchasing from a reliable brand.
For example, companies like Monos are known for their own confidence in their products’ quality (including a lifetime warranty and being crowned “the Apple of suitcases”).
Sustainability. In recent years, a commitment to sustainability has become the cornerstone of so many brands. In just about every niche, there are multiple companies committed to environmental concerns—and that’s no accident.
Companies like Patagonia make it clear on-site—that they’re energy-efficient and support environmental initiatives.
Based on the factors above, you can better understand how you can position yourself to potential customers.
2. Dig into your customer data and personas
Your existing customers are a goldmine of insight when it comes to your value proposition.
Some food for thought: How about popular keyword terms and search queries that highlight the needs of your audience and how people are already finding you?
If your Google Analytics picks up phrases like “affordable [product keyword],” “[competitor] alternatives,” or “longest-lasting [product keyword],” you can hone in on a value proposition that you know will make sense. This is a win-win for both you and new people—as far as both search and find 😉.
You can also collect feedback from both visitors and customers alike to determine what they’re looking for in a business and why they might choose you versus a competitor.
Beyond hard data, think about who your ideal customer is. Then ask yourself:
1. What are your ideal customers’ biggest pain points?
2.What outcomes do your customers want?
3.What does your product (or service) do to address #1 and #2?
With a bit of creative input and fine-tuning, the answers to these questions may very well be the foundation of your value proposition.
3. Look at your value proposition versus your competitors’
To wrap things up, note that your value proposition needs to be unique.
This might seem like a no-brainer, but failing to come up with a one-of-a-kind proposition could hurt your business. You probably don’t want to copy your competitors’ marketing messages or repeat the same talking points your audience has heard before.
For starters, make a list of your closest competitors and understand what their value propositions are. Doing this will ensure that you don’t unconsciously borrow their proposition or come up with something too similar.
To recap, these are the three key elements of a great value proposition that customers will remember:
- Easy to understand at a glance (simple language)
- Short and to-the-point (a sentence or two will do)
- Highlights your brand voice and personality (written by someone who understands their audience).
Take a peek at just about any of the value proposition examples above and you’ll see what we’re talking about. In short, a unique value proposition is truly original and addresses the actual needs of your audience.
So, what exactly is your value proposition?
Figuring out your value proposition not only makes it easier to market to new customers, but also helps you understand how to position your business for the long-term.
Hopefully these value proposition examples provided some much-needed inspiration to guide you in figuring out yours.
Once you do, it’s time to put it front-and-center for your visitors and customers. From your business’ blog posts and landing pages to your newsletter opt-ins, there are plenty of places to communicate your value on-site.
That’s exactly where a tool like OptiMonk comes in handy. If you haven’t already, take a peek at our custom templates which can help you get your business’ message across at the perfect time to every person who is visiting your site.