Strategic Assessment
HOW A BUSINESS PERFORMS IN A FAST-MOVING WORLD
Question #2: We know which are the five foremost “criteria or
attributes” driving customer purchase decisions for the
products/services that make up 80% of our sales.
Caveat. Most businesses
mistakenly think that their product/service “features” differentiate
them in their customers’ minds. However, these are usually similar to
what your competitors are offering (or can be easily duplicated by your
competitors). That’s why customers rarely make purchase decisions
based on features alone. Typically, there are other “attributes” or
characteristics of doing business with you that differentiate the value
of your products or services. These attributes are the actual drivers
of purchase decisions.
By discovering the key
attributes that your customers actually value (for example, by applying
Carlos Dias’ Value Attribute-Finder processes), you can create powerful
Customer Value Propositions that excite your prospects and turn them
into customers, time after time. Meanwhile, your competitors who
are still creating “unique selling propositions” based on features
alone will continue to churn out lackluster products/services that can
be easily commoditized. That is how they get caught in a discounting
death-spiral.