In the present competitive world, it is essential for a business to stand apart. Owing to the wide advancement in service industry and consumer satisfaction approach lately being followed by the marketers, the consumers are now spoiled and are always looking for something extra, something unique, something never seen before.
An estimate of what makes you stand apart in the crowd defines your USP. USP is the acronym for Unique Selling Proposition (or Position) which, as the name suggests, determines one unique key point that acts as a catalyst in the selling process.
Knowing your strengths as an enterprise is different from having a USP(Unique Selling Proposition). Strengths do not qualify for a USP as any other firm can have the same infrastructure and resources and offer the same services. Thus this five-step exercise will help you identify the USP of your company or the product or service.
