Review for Sessions #18 – #21
Value Proposition Strategy: Everything you need to know in 6 minutes
To help you retain and apply the principles of the last four FastClasses, Flint McGlaughlin reviews lessons derived from the 16 case studies and 40 principles taught in those sessions.
Here are some of the most important insights from this class:
- Separate the means from the end. Focus on the customer’s experience of the value.
- The task of the marketer is to maximize PERCEIVED value and minimize PERCEIVED cost.
- The world does not need “expert” marketers; the world needs marketers who are expert at thinking like consumers.
- Do not make claims; foster conclusions.
- A value proposition focuses on a specific customer segment.
You can watch the full video above, or jump ahead to these key takeaways:
- 0:00 Value Proposition Strategy: Everything you need to know in 6 minutes (review of sessions #18 – #21).
- 0:57 Insights about the definition of a value proposition.
- 1:42 Insights about the force of a value proposition.
- 2:50 Insights about Micro-Yes #3: YES, I understand.
- 3:36 Insights about Micro-Yes #4: YES, I believe.
- 4:12 Insights about Micro-Yes #5: YES, I want this now.
- 4:30 Insights about Micro-Yes #6: YES, I want this from you.
- 4:51 Checklists – questions you can ask yourself and your team to help your marketing.
To get immediate help with your marketing challenges, just contact Flint and his team: F.McGlaughlin@MECLABS.com.
Essential Course Resources
Course Retention Exercise
This quiz is carefully designed based on the latest learning technology in order to help you improve retention of the key principles.
Session Quiz Summary
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#1. Refine your value prop until it becomes a reason… the summation of a ___________ argument.CorrectIncorrect
#2. Marketer is your answer to the ultimate value prop question an ultimate ________?CorrectIncorrect
#3. Are you targeting the ideal customer’s __________of appeal?CorrectIncorrect
#4. The _______ of the marketer is to position the offer with Appeal and Exclusivity.CorrectIncorrect
#5. Value that is not _________ will not be received.CorrectIncorrect