Stand Out: Create Offers That Drive Sales.
Arjita A. Sethi
Advising Unconventional Entrepreneurs at New Founder School | Bringing Wellness and Joy to Busy Professionals at Shaanti | Professor of entrepreneurship and business management
Imagine you're at a busy market, surrounded by stalls selling similar products.
How could you make your offering stand out and encourage customers to choose you over the competition? The answer lies in crafting an irresistible offer – a compelling value proposition that becomes impossible for your target audience to resist.
In his book "$100M Offers," Alex Hormozi emphasizes the power of a well-crafted, irresistible offer in driving sales and business growth. I recently read this book and loved the insights! According to Hormozi, an irresistible offer is one that speaks directly to your target audience's pain points, desires, and objections, positioning your product or service as the ultimate solution they've been seeking.
So naturally, the first thing YOU need to do before going and launching your offer is..... DRUM roll ????????????????????
Understand Your Target Audience
Before you can craft an irresistible offer, you must first profoundly and empathetically understand your target audience. This means answering questions like:
What keeps them up at night? What are their biggest frustrations and challenges? What desires or aspirations are they striving to achieve? Where are they stuck?
Answering these questions is crucial to creating an offer that resonates with your audience on an emotional level. This can be done through really following your ideal client or online reasearch.
But know that this is only the beginning of truly understanding your user! The next step is actually to validate your findings with potential customers!
This can be done by conducting market research through surveys, interviews, social media polls, and other methods to gather valuable customer insights where the potential customer actively engages and provides you with valid information.
For example, a fitness app targeting busy professionals might identify pain points such as lack of time, motivation, accountability, and desire for convenience and measurable results.
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Now that you really understand who your target customer is, chances are that ideas are already buzzing in your entrepreneurial head on what offer to build! So let's.........
Craft an Irresistible Value Proposition
With a clear understanding of your target audience's pain points and desires, you can craft a value proposition that positions your offer as the solution they've been searching for. A compelling value proposition should clearly communicate:
An example that Alex Hormozi gives in $100M leads of a Value proposition is:
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For a fitness app: "Achieve your fitness goals with our convenient, personalized workout plans and daily motivation delivered straight to your phone. No more excuses – we'll hold you accountable and help you stay on track to become the best version of yourself."
This value proposition addresses the pain points of lack of time, motivation, and accountability while promising the desired benefits of convenience and measurable results.
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And just when you think you know the customer, the offer, and are READY TO LAUNCH......?? Just Wait a second!
Because, entrepreneurship is nothing if not a constant experimentation of testing and improving!! So before you celebrate your offer's launch, let's get to the last but PERPETUAL step as an entrepreneur.
Testing and Refining Your Offer
Crafting an irresistible offer is an iterative process. Continuously gather customer feedback through surveys, split testing, and sales conversations to refine and optimize your value proposition for maximum impact and conversions.
Alex Hormozi gives an example: if customers consistently express skepticism about the app's ability to hold them accountable, you might tweak your value proposition to emphasize the app's daily check-ins, progress tracking, and personalized coaching features.
At the NFS Advantage Program, we understand how important it is to craft an irresistible offer that resonates with your target audience. Our industry experts and I work closely with aspiring or new entrepreneurs like YOU to refine your ideas and value propositions, ensuring they address your customers' valid pain points and desires.
Through personalized guidance and feedback, the NFS Advantage Program equips you with the tools and insights needed to create an offer that stands out in a crowded market, driving sales and paving the way for long-term success.
For the first eight weeks, we engage in intensive knowledge mastering, followed by a full year of support to help you with your business so you can build and grow at your pace! You can access office hours, co-working sessions, networking sessions, legal and accounting support, and SO MUCH MORE!
The only cohort for 2024 will start with ten entrepreneurs on April 3rd! Want to jump in and do some REAL entrepreneurial work? Book a call with me to see if we are fit on this link.
Just Remember.....
In today's competitive landscape, having an irresistible offer is essential for capturing your audience's attention and driving conversions. By deeply understanding your target audience's pain points and desires, crafting a compelling value proposition, and continuously refining your offer based on feedback, you can create an offer that your customers simply can't resist.
Love and Light to build and create your vision,
Arjita