In Rob Reiner’s 1984 “rockumentary” This Is Spinal Tap, one of the main characters, Nigel Tufnel, proclaims they are different than other bands because their speakers “go to ll.”   (Click here to see a video clip of the scene).

 

I cannot help but be reminded of good ole Nigel every time I talk to clients who are working on their value proposition.  A few claims I’ve heard over the years:

 

  • “We are more scalable”
  • “We are truly global”
  • “We are more adaptive”

Translation?  "These go to eleven".

 

I hear those claims and think to myself,  “What prevents their competitors for saying the exact same thing?” 

 

Almost every marketing organization I encounter seems to be making a major effort to differentiate or improve value propositions. 

 

So, what happens?

 

A bunch of people (mostly a blend of product or solutions people and marketers) have a series of meetings and word smith a set of ideas into a few paragraphs and then say, “If we can only get our sales force to deliver this message, we will outsell our competitors”.

 

Here is an example.  Given our META Group heritage, we know a lot about outsourcing and continue to advise G2000 IT organizations on selecting vendors to meet their needs.

 

Many of these outsourcers claim they are “truly global” while the others are just globally dispersed.   It is almost comical to watch them try to communicate the idea that they are the only provider that is “truly global”.   With all of the vendors parroting the same concepts, is it any wonder that the outsourcing market is becoming increasingly commoditized, win rates across the industry are about 30% (or less), and the costs of pursing these opportunities are on the rise?

 

Don’t laugh.  It’s happing in your market too.

 

Why?

 

Anything you can say on your website, your competitors can say as well. 

 

Let’s say your value proposition is different than anyone else’s and that you do come up with some concepts that resonate with customers as truly unique, and this helps get you traction.  How hard is it for your competitors to steal this value proposition, reword it, and use it?

 

The approach violates three of the Seven Irrefutable Laws of Customer Centricity:

 

  • Law 1. Customers buy solutions to their problems, they do not buy products.  Creating a generic value proposition implies you have the solution for all clients before you understand their problems.

 

  • Law 3. Only a customer can call it a solution.  The formula for value propositions that people follow today is a legacy of the product-centric marketing world that is dying out in B2B markets.  Basically it is: problem statement, solution, how you deliver that solution, how it’s unlike your competitors, and what outcome your customer can expect.  How can you determine all of that for a specific G2000 organization in a meeting room?

 

  • Law 6. Value is in the eye of the beholder.  For argument sake, let’s assume for a minute that your value statement meets a customer’s needs, is compelling, and has tremendous impact.  Who is it written for?   The stakeholder (or set of stakeholders) this message is delivered to each listen to, as Zig Ziglar likes to say, “radio station WIIFM.  What’s In It For Me”. 

Please don’t fool yourself into thinking you are creating messages for CXO’s.  I’ve yet to meet a CFO whose issues who are identical to those of his CIO.

  

For more information please visit www.blueprintmarketing.com or to discuss this issues in more depth, feel free to contact me directly at scott.santucci@blueprintmarketing.com.