What is a Value Proposition and How it Helps Increase Revenue

Marketing experts often throw the term, value proposition around in conferences and workshops, and many of these marketers are unaware that they have an entire roomful of people wondering just what is a value proposition anyway.

The Answer to the Question What is a Value Proposition

The value proposition is a term that’s used, to sum up, a product/service that attracts members of a target market to a company. The elements of the value proposition include;

• Identify the type of person who makes up the target market and what their shopping and buying habits are;

• The creation of a recognized brand that will attract members of the target market;

• How to properly showcase the product being sold or service being offered;

• How to use all of this information to create a highly effective marketing program.

Why a Value Proposition is Important

In addition to wondering what a value proposition is, many business owners and managers wonder why they should create one. The reason is simple. Once a value propos…