Pro-actions - Business Improvement Specialists

Helping you build a remarkable business

03333 440 517

Facebook Twitter LinkedIn Google+

Go back

Looking at your Product/Service through the Eyes of your Customer

Posted on 09/04/2015, 09:50

P&G pioneered the use of a Concept Statement and uses them to deliver a seemingly endless stream of successful products into the market place. Many larger companies also use Concept Statements because they are a simple and effective way of ensuring that you and the customer are aligned.

A concept describes a product, service or brand and how it will improve a consumer’s life. In short it forces you to think about your product and service through the eyes of the customer – not a bad discipline

So what is a concept statement: the concept statement answers several very basic questions:

  • Who is it for and How does it fit into their life?
  • What will it do for them and Why should they believe you?

There are three basic components; the accepted “Consumer” belief; a single minded statement of Benefit; supporting reasons to believe:

Accepted “Consumer” Belief: This should create a context or perspective for the rest of the concept (the Single Minded Statement of Benefit and Reason to Believe) acknowledging the customer’s point of view with understanding and empathy and having them believe “You understand me”. If you were describing the pain / the problem to a group of your customers you should be getting nods. Put simply it is the rasion d’etre for the product or service.

Single Minded Statement of Benefit: The benefit statement is a promise which answers the question: “What’s in it for me?” It fulfils the customer need or want. Benefit statements can be tangible or emotional but must hold the promise of making the customer’s life better and should be single-minded (do not use the words and / or).

Reasons to Believe: We are a suspicious lot so the benefit statement must be supported with other key information answering the (unspoken) question “Why should I believe you?”  You need to provide permission for customers to believe that the benefit will be delivered and their pain or problem resolved. It can be a feature (unique ingredient) or special process, or an endorsement. Brand equity also contributes.

Many companies use Concept Statements to help guide their product development. Others use them to crystallise their marketing messages. In both cases their use brings clarity of thinking and whilst the big boys use their resources to do expensive market research, this simple discipline need not be expensive; but be warned though, done properly it does test the little grey cells!

Want to talk further with your business coach?


5 Key Measures to Grow Sales and Improve your Profit

In or last article, “Measuring What’s Important” we discussed key performance indicators or KPIs. There are lagging KPIs such as financial measures that tell you what just happened and leading KPIs that indicate what your financials are likely to look like.

Read More

Measuring what’s important

Following on from our previous blog in this series, “The Most Important Thing”, the next step is to translate your goals into action.  For this, setting your targets and measuring your performance against them is vital to making them happen.

Read More

The Most Important Thing is the Most Important Thing

What do you want to achieve in your business? Every owner manager had their reasons for why they started out on that journey – what are yours? And more importantly, are they still valid, are you on track, or are your hopes and desires being frustrated?

Read More