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© 2014 AIPMM www.aipmm.com
AIPMM Webinar Series
www.aipmm.com
© 2014 AIPMM www.aipmm.com
© 2014 AIPMM www.aipmm.com
Follow: @AIPMM @SteveRankel
@hmdelcastillo
Use: #AIPMM #ProdBOK
Tweet!
© 2014 AIPMM www.aipmm.com
Participate and Win!
Must be present to win!
One lucky winner will get a free copy of
the Guide to the Product Management and
Marketing Body of Knowledge (ProdBOK®)
© 2014 AIPMM www.aipmm.com
Moderator:
Hector Del Castillo, CPM, CPMM @hmdelcastillo
Today’s Speaker
Presenter:
Steve Rankel
President
RJR Venture Group
781-760-2070
@SteveRankel
steve@rjrventuregroup.com
www.rjrventuregroup.com
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Value Proposition Secrets:
Building with the Pros
Steve Rankel, Founder
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Value Prop Secrets – Building with the pros
KVP Insider Secrets
• KVP No-no’s
• Examples of good and bad value propositions
• Pitfalls
• Demonstration of KVP Tools
• Hands-on Q&A
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
A Few Questions
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
A Recap
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Successful Selling Is About…
What you TELL THEM
Getting people’s
ATTENTION
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Value Proposition Sickness – 60 tech / services firms…
“we provide enterprise-class, best-of-breed,
productivity solutions that maximize your ROI for
mission-critical initiatives and drive bottom-line
results in support of your corporate objectives.”
Do you sound like this?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
What is a KVP?
A crystal clear statement of how your product or service:
Presented in a compelling way that causes someone
to ENGAGE in further buying activity…
2. Delivers some benefit
3. Improves their situation
1. Solves a customer’s problem
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
What Question Does a Killer Value Proposition Answer?
The MOST important question in sales & marketing:
Why should I buy from you, instead of any other
option I have, including the option of doing nothing?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Other Value Proposition Particulars…
→ Short
→ Specific
→ In the customer’s language
→ Passes the ‘Seat of the Pants’ Test
FOR YOUR CORE VALUE PROPOSITION
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
How do you know you DON’T have one?
1. Missed revenue targets
2. Long sales cycles
3. Discounting & price wars
4. Angry salespeople
5. Show up & throw up
6. Price wars
7. Marketing spews features with no ‘Aha’
8. Indifference in the market
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Warning… if you don’t have one…
Customers will
invent their own.
And judge you based on that.
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
What is Value?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
A fool is someone who knows the price of
everything, but the value of nothing.
Oscar Wilde
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Is This Value?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Or This?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
It Depends.
Recliner, Cairo
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Value Proposition NET
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Examples
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
THESE ARE NOT KILLER VALUE PROPOSITIONS
We provide an operating framework for companies to drive out inefficiencies in
their productivity and maximize the return on human capital investments.
Keeping You 1st Always
Delivering business process improvement and maximum productivity.
The good hands people.
I can save you up to 20% on your IT spending
We are the global leader in delivering productivity solutions which drive
operational throughput, competitive advantage, and ROI from all enterprise
activities via cross-functional communications.
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
What Companies Have Powerful Value Propositions?
GEICO
• One call can save you 15% on your car insurance
Domino’s Pizza
• Fresh, hot pizza in 30 minutes – or your money back.
Wal-Mart
• Low prices, every day.
ADP
• Story
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
No-No’s
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Would you marry for money?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Then why assume people BUY
only for money?
2 stories:
- GR conversation
- MW consulting
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
Sell Holes, Not Shovels
Why does anyone buy a shovel?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
“Stuff” that matters to us
Scalability
Methodologies
Features
Functions
Upgrades
Process
Acronyms
Techno-Latin!
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
“Stuff” that matters to customers
Scarcity
Proximity
Timing
Prestige / Exclusivity
Hope
Promise / Dreams
Note: What’s absent from this list?.
Uniqueness
Speed
Risk Minimization
Innovation
Service
Safety
Insurance
Time
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
I don’t sell makeup. I sell hope.
Famous makeup magnate
What Do You Really Sell?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
What Does YOUR MARKET Value?
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
It’s right here…
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
What is Value? How do you ADD IT?
Value Component Analysis Tool
— © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
© 2014 AIPMM www.aipmm.com
Moderator:
Hector Del Castillo, CPM, CPMM @hmdelcastillo
Q & A
Presenter:
Steve Rankel
President
RJR Venture Group
781-760-2070
@SteveRankel
steve@rjrventuregroup.com
www.rjrventuregroup.com
© 2014 AIPMM www.aipmm.com
Join AIPMM!
For a limited time, get a
one-year AIPMM
membership when you
purchase a copy of the
Guide to the Product
Management and Marketing
Body of Knowledge
(ProdBOK®). Learn more
here: http://bit.ly/1iUknEx.
© 2014 AIPMM www.aipmm.com
Call For Speakers
We are seeking qualified speakers, authors, and
subject matter experts to discuss topics of
interest related to innovation, product
management, product marketing and brand
management for our weekly webcast series.
To learn more, visit:
http://bit.ly/1aZVXvh.
© 2014 AIPMM www.aipmm.com
Upcoming Courses
Certified Product Manager®
Sep 8-9, 2014 – Boston Metro Area
Dec 8-9, 2014 – DC Metro Area
Certified Product Marketing Manager®
Sep 10-11, 2014 – Boston Metro Area
Dec 10-11, 2014 – DC Metro Area
Click on the dates above for more information.
If you have a team of 10 or more that you want to
certify, contact certification@aipmm.com.
© 2014 AIPMM www.aipmm.com
Please Join Us Again!
Why You Should Conduct User Research July 11th
AIPMM Webinar Series:
http://aipmm.com/aipmm_webinars
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  • 3. © 2014 AIPMM www.aipmm.com Follow: @AIPMM @SteveRankel @hmdelcastillo Use: #AIPMM #ProdBOK Tweet!
  • 4. © 2014 AIPMM www.aipmm.com Participate and Win! Must be present to win! One lucky winner will get a free copy of the Guide to the Product Management and Marketing Body of Knowledge (ProdBOK®)
  • 5. © 2014 AIPMM www.aipmm.com Moderator: Hector Del Castillo, CPM, CPMM @hmdelcastillo Today’s Speaker Presenter: Steve Rankel President RJR Venture Group 781-760-2070 @SteveRankel steve@rjrventuregroup.com www.rjrventuregroup.com
  • 6. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Value Proposition Secrets: Building with the Pros Steve Rankel, Founder
  • 7. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Value Prop Secrets – Building with the pros KVP Insider Secrets • KVP No-no’s • Examples of good and bad value propositions • Pitfalls • Demonstration of KVP Tools • Hands-on Q&A
  • 8. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales A Few Questions
  • 9. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales A Recap
  • 10. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Successful Selling Is About… What you TELL THEM Getting people’s ATTENTION
  • 11. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Value Proposition Sickness – 60 tech / services firms… “we provide enterprise-class, best-of-breed, productivity solutions that maximize your ROI for mission-critical initiatives and drive bottom-line results in support of your corporate objectives.” Do you sound like this?
  • 12. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales What is a KVP? A crystal clear statement of how your product or service: Presented in a compelling way that causes someone to ENGAGE in further buying activity… 2. Delivers some benefit 3. Improves their situation 1. Solves a customer’s problem
  • 13. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales What Question Does a Killer Value Proposition Answer? The MOST important question in sales & marketing: Why should I buy from you, instead of any other option I have, including the option of doing nothing?
  • 14. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Other Value Proposition Particulars… → Short → Specific → In the customer’s language → Passes the ‘Seat of the Pants’ Test FOR YOUR CORE VALUE PROPOSITION
  • 15. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales How do you know you DON’T have one? 1. Missed revenue targets 2. Long sales cycles 3. Discounting & price wars 4. Angry salespeople 5. Show up & throw up 6. Price wars 7. Marketing spews features with no ‘Aha’ 8. Indifference in the market
  • 16. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Warning… if you don’t have one… Customers will invent their own. And judge you based on that.
  • 17. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales What is Value?
  • 18. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales A fool is someone who knows the price of everything, but the value of nothing. Oscar Wilde
  • 19. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Is This Value?
  • 20. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Or This?
  • 21. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales It Depends. Recliner, Cairo
  • 22. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Value Proposition NET
  • 23. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Examples
  • 24. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales THESE ARE NOT KILLER VALUE PROPOSITIONS We provide an operating framework for companies to drive out inefficiencies in their productivity and maximize the return on human capital investments. Keeping You 1st Always Delivering business process improvement and maximum productivity. The good hands people. I can save you up to 20% on your IT spending We are the global leader in delivering productivity solutions which drive operational throughput, competitive advantage, and ROI from all enterprise activities via cross-functional communications.
  • 25. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales What Companies Have Powerful Value Propositions? GEICO • One call can save you 15% on your car insurance Domino’s Pizza • Fresh, hot pizza in 30 minutes – or your money back. Wal-Mart • Low prices, every day. ADP • Story
  • 26. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales No-No’s
  • 27. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Would you marry for money?
  • 28. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Then why assume people BUY only for money? 2 stories: - GR conversation - MW consulting
  • 29. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales Sell Holes, Not Shovels Why does anyone buy a shovel?
  • 30. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales “Stuff” that matters to us Scalability Methodologies Features Functions Upgrades Process Acronyms Techno-Latin!
  • 31. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales “Stuff” that matters to customers Scarcity Proximity Timing Prestige / Exclusivity Hope Promise / Dreams Note: What’s absent from this list?. Uniqueness Speed Risk Minimization Innovation Service Safety Insurance Time
  • 32. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales I don’t sell makeup. I sell hope. Famous makeup magnate What Do You Really Sell?
  • 33. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales What Does YOUR MARKET Value?
  • 34. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales It’s right here…
  • 35. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales What is Value? How do you ADD IT? Value Component Analysis Tool
  • 36. — © RJR Venture Group LLC. All rights reserved.—Marketing for Sales
  • 37. © 2014 AIPMM www.aipmm.com Moderator: Hector Del Castillo, CPM, CPMM @hmdelcastillo Q & A Presenter: Steve Rankel President RJR Venture Group 781-760-2070 @SteveRankel steve@rjrventuregroup.com www.rjrventuregroup.com
  • 38. © 2014 AIPMM www.aipmm.com Join AIPMM! For a limited time, get a one-year AIPMM membership when you purchase a copy of the Guide to the Product Management and Marketing Body of Knowledge (ProdBOK®). Learn more here: http://bit.ly/1iUknEx.
  • 39. © 2014 AIPMM www.aipmm.com Call For Speakers We are seeking qualified speakers, authors, and subject matter experts to discuss topics of interest related to innovation, product management, product marketing and brand management for our weekly webcast series. To learn more, visit: http://bit.ly/1aZVXvh.
  • 40. © 2014 AIPMM www.aipmm.com Upcoming Courses Certified Product Manager® Sep 8-9, 2014 – Boston Metro Area Dec 8-9, 2014 – DC Metro Area Certified Product Marketing Manager® Sep 10-11, 2014 – Boston Metro Area Dec 10-11, 2014 – DC Metro Area Click on the dates above for more information. If you have a team of 10 or more that you want to certify, contact certification@aipmm.com.
  • 41. © 2014 AIPMM www.aipmm.com Please Join Us Again! Why You Should Conduct User Research July 11th AIPMM Webinar Series: http://aipmm.com/aipmm_webinars Global Product Management Talk http://www.blogtalkradio.com/prodmgmttalk Call For Speakers: http://www.boldpm.com/call_for_speakers Topic Suggestions: support@aipmm.com Announcements: http://www.aipmm.com/subscribe LinkedIn: http://www.linkedin.com/company/aipmm Membership: http://www.aipmm.com/join.php Certification: http://aipmm.com/html/certification/