Unique Selling Proposition (Importance of USP For Jewellers)
Unique Selling Proposition (Importance of USP For Jewellers)
Unique Selling Proposition (Importance of USP For Jewellers)
UNIQUE SELLING
PROPOSTION/POINT
Jewelry Brand USPs and why they are important
• Every brand that conducts retail business
needs its own USPs and thus, so do jewelry
brands. It is crucial to have specific USPs if you
have a jewelry brand because otherwise, you
would not be able to survive in the
competitive marketing environment of the
present. A USP or a Unique Sales Proposition
can be termed as one of the basic
foundational building blocks of a brand that
carries its message.
What is a USP or Unique Selling Proposition?
• As you might have understood from the name, a USP or Unique Sales Proposition
is something that brands offer in their businesses that makes them different from
their competitors. USPs are also called Unique selling points and this is a way for a
business to tell their customers what is unique about their brand and why they
should invest in the brand. In a way, through USPs, you will be answering
questions that your customers might have. These questions are generally-
Hence, the main questions that you would be addressing through USPs are
what makes your products valuable, worth in buying and how they are better
than everyone else’s in the market.
Why do Jewelry Brands need USPs?
• As it happens in any other industry, there would be many jewelry brands that your customers might prefer over yours.
Thus, you would need something to convince them that your brand offers what none of the other brand can. For
example, if you manufacture gold jewelry in wholesale and you are sure that your competitors, you could use an USP
which goes like this- wholesale gold jewelry manufacturers, or wholesale gold jewelry suppliers . That would
attract more customers to your brand since wholesale jewelry would not be sold by other jewelry brands around you. A
good USP has many benefits. These are-
• Clear differentiation: We live in a world where the competition never stops and brand need to adapt to it and do their
best. Hence, a clear differentiation from your jewelry brand from the rest needs to be established so that you can grow
your customer base. As we mentioned earlier, if you specialise in wholesale jewelry, you could use USPs like “the
best wholesale jewelry suppliers in India”.
• Improved sales: It is no surprise that your sales would increase if you provide USPs about specific points in your
business targeting your prospective audience. If your USPs match people’s needs and demands, they would invest in
your brand and hence your brand would attract improved revenue.
• Retaining loyal customers: It is important for you to keep promoting a strong USP and adjust it if and when necessary.
That is becasue with time, people’s demands might change and you have to keep up with them. Doing this would help
you retain loyal customers for your brand.
• Streamlined selling: You have a create a strong and positive product identity through your USPs, which are quite
significant for your business. Since USPs highlight the strong and unique points of your brands, you would be able to
target a specific audience and communicate with them according to their needs. Having a streamlined strategy such as
this, is vital for your brand to succeed.
• It is thus important for you to communicate your USPs to your audience in a clear and compelling way so that they
understand what your brand can offre them and how it suits their needs.
If you have a Jewelry brand, how do your find your USPs?
• If you have just established your own jewelry brand, you will need
to follow the five steps given below to understand what makes
your business unique and then use the research to create USPs.
• Firstly, know what audience you are targeting and what jewelry
they might be looking for. Ask yourself if your jewelry meets any
specific needs for them. If yes, then use those points to create
your USP.
• Explain to your audience how your products are the holy grails for
the problems they have and how your brand can solve those.
• Make a list of the most distinctive benefits of buying your products
and propagate it to your audience in a compelling way
• Highlight the vision your brand is trying to create and a promise
that your brand fulfills
Examples of some of the best USPs
• Manappuram Jewellers Ltd is one of the best jewelry
brands in India. We have a few crucial USPs that you can
take inspiration from. For example, since we manufacture
gold jewelry and you can buy them in bulk, we use USPs
such as “wholesale gold jewelry manufacturers”,
“wholesale gold jewelry suppliers” and “wholesale gold
jewelry distributors”. Since we also specifically specialize
in 917 gold as well, we use USPs like “wholesale 917 gold
jewelry suppliers” and “wholesale 917 gold jewelry
distributors”. Besides gold jewelry, you would find silver
ornaments in our website, we also use USPs like “silver
ornaments manufacturers in India”. Hence, you need to
use USPs that fit in with your brand and highlight the
specifics that are unique to your brand.
Why is a unique selling point important?
a) Desire of Designs
b) Designs of Designs
c) Designs of Desire
d) Desire Designs
Ans . C
TEST
2) Every brand that conducts retail business
needs others USPs and thus, so do jewelry
brands.
True or False
Ans. False
TEST
3) It is crucial to have specific USPs if you have a
jewelry brand because otherwise, you would
not be able to survive in the competitive
marketing environment of the present.
True or False
Ans. True
TEST
4) Manappuram Jewellers Ltd USP are
Ans. iii
TEST
5) if you manufacture gold jewelry in wholesale
and you are sure that your competitors, you
could use an USP which goes like this-
wholesale gold jewelry manufacturers, or
wholesale gold jewelry suppliers is it true
Or false
Ans. True
TEST
6) __________ is a well-thought-out statement that
helps a company distinguish itself from other
businesses in its category.
a) Unique Selling Proposition
b) Unit Selling Portion
c) Unique Sawing Proposition
d) Unite Sale Policy
Ans. A)
TEST
7) A USP or a Unique Sales Proposition can be
termed as one of the basic foundational
building blocks of a brand that carries its
message.
True or False
Ans. True
TEST
8) Defining USP involves
• Ans. Correct
TEST
10) A USP is a competitive advantage because it
does not differentiates you from the rest.
True or False
Ans. False