{"id":1930,"date":"2019-10-16T18:16:49","date_gmt":"2019-10-16T22:16:49","guid":{"rendered":"http:\/\/blog3.canny.io\/wordpress\/?p=1930"},"modified":"2024-04-19T16:16:31","modified_gmt":"2024-04-19T20:16:31","slug":"communicate-product-value","status":"publish","type":"post","link":"https:\/\/canny.io\/blog\/communicate-product-value\/","title":{"rendered":"How to communicate product value to potential customers"},"content":{"rendered":"<p>So, you\u2019ve built a software product. Well done! You think your product value is through the roof. It\u2019s useful, functional, beautiful, valuable, and overall absolutely amazing. There\u2019s a problem though.<\/p>\n<p>The problem is that <em>you<\/em> think these things because <em>you<\/em> built it. To make your business succeed (and, let\u2019s be honest\u2014survive), you have to convince <em>others<\/em> of these things.<\/p>\n<p>Potential customers don\u2019t immediately see your product as the best solution out there. They see it as <em>a<\/em> solution, usually among many others.<\/p>\n<p>In the saturated software market we\u2019re dealing with, very few products are truly unique. You\u2019re one in ten. Or a hundred. Or a thousand. Why should you be the top choice?<\/p>\n<p>Let\u2019s be real\u2014nobody out there is dying to use your product just because it\u2019s there.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"gif size-full wp-image-1931 aligncenter\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/giphy-1.gif\" alt=\"\" width=\"488\" height=\"275\"><\/p>\n<p>Sorry!<\/p>\n<p>Fret not though\u2014there\u2019s a way to make sure you\u2019re at least one of the top choices.<\/p>\n<p>People and businesses use SaaS products for one thing only\u2014their own benefit. Whether it saves them time or makes them money, the only thing people choosing a software care about is the value it adds to them.<\/p>\n<p>Depending on your business, there can be many value elements:<\/p>\n<figure id=\"attachment_1932\" aria-describedby=\"caption-attachment-1932\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/snowball.digital\/blog\/the-elements-of-value\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1932 size-large\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-17-at-12.53.38-AM-1024x818.png\" alt=\"Your product value depends on the product\" width=\"1024\" height=\"818\"><\/a><figcaption id=\"caption-attachment-1932\" class=\"wp-caption-text\">The elements of value pyramid by Snowball<\/figcaption><\/figure>\n<p>This value is never obvious to anyone but yourself. This means you have to be smart with communicating it. You have to put the value your product offers front and center in every external bit of communication.<\/p>\n<p>If you manage to prove the value well, you have to worry less about the price tag, too.<\/p>\n<p>Here\u2019s how to clearly present the value of your product to your potential customers.<\/p>\n<h2>Figure out what value means to your target group<\/h2>\n<p>You can\u2019t communicate anything unless you know what it is you\u2019re trying to put out there.<\/p>\n<p>Every product has a target group (or even a few)\u2014the people or companies the solution is made for. This target group should be the only thing you think of. Leave yourself and what you think the value is out of it.<\/p>\n<p>To define the value of your product, you need to understand the challenges your target group(s) face. This is a very practical exercise that involves the following steps:<\/p>\n<h4>1. Write down who your target group(s) are and the people they involve<\/h4>\n<ul>\n<li>If your target group is individuals, you\u2019re good on the \u201cpeople\u201d aspect\u2014just write down a description of the person who buys your product.<\/li>\n<li>If you\u2019re selling software to companies, write down the persona(s) within the company who would be making the purchase decision.<\/li>\n<\/ul>\n<p>For example, at Canny, our main target group is SMB-s (small and medium-sized businesses).<\/p>\n<p>Within these businesses, the people who would be looking for a solution like ours are:<\/p>\n<ul>\n<li>Product managers<\/li>\n<li>Customer-facing roles (customer support, customer success\u2026)<\/li>\n<\/ul>\n<h4>2. Figure out what the goals and challenges are for these targets<\/h4>\n<p>\u2026based on:<\/p>\n<ul>\n<li>Your own experience (if you have any\u2014be honest with yourself if you don\u2019t)<\/li>\n<li>Research in relevant circles<\/li>\n<li>Public discussions<\/li>\n<li>Asking your existing customers (and anybody else that matches your defined personas)<\/li>\n<\/ul>\n<p>For example, let\u2019s take \u201cproduct managers\u201d for Canny:<\/p>\n<p>Their goal: building a product that offers value to their customers<\/p>\n<p>Their challenges with this goal:<\/p>\n<ul>\n<li>Feedback getting lost in cracks because of too many channels<\/li>\n<li>Wasting time on building useless features<\/li>\n<li>Not being able to prioritize clearly<\/li>\n<\/ul>\n<h4>3. Figure out how your product fits into it<\/h4>\n<p>Now, write down how your solution helps your targets get rid of these challenges or get closer to their goals.<\/p>\n<p>For example, for our Canny target group issues:<\/p>\n<ul>\n<li>Feedback getting lost\u2014Canny directs all channels to one place<\/li>\n<li>Wasting time on building features nobody will use\u2014clear overview of which features are most wanted and needed in the customer base<\/li>\n<li>Not being able to prioritize\u2014segmentation of most crucial customers and their requests<\/li>\n<\/ul>\n<p>And there you go\u2014you have your official value points!<\/p>\n<p>Keep in mind that this is a very generalized process to get you started. Feel free to go as in depth into this as you want.<\/p>\n<p>The important thing is that before communicating anything to the outside, you need to make it clear to yourself what your value is. And again\u2014this value needs to be based on what your customers need, not what you think they need.<\/p>\n<p>If your product doesn\u2019t help with these challenges your target group has\u2026 well, you need to either pick a different target market, or rethink your product\u2014sorry!<\/p>\n<h2>Highlight your main value first in all your materials<\/h2>\n<p>Now that you\u2019ve figured out your value points, you can start including them to all of your external communication.<\/p>\n<p>This means:<\/p>\n<ul>\n<li>Your website and other online properties<\/li>\n<li>Your sales pitches<\/li>\n<li>Your marketing campaigns<\/li>\n<li>Your support communications<\/li>\n<li>Your product itself<\/li>\n<\/ul>\n<p>To make it easier to put your main value front and center, figure out the short version of it.<\/p>\n<p>This is usually one sentence or phrase, a \u201cslogan\u201d if you will, that summarizes the main benefit of your product.<\/p>\n<p>For Canny, this is \u201cbuild better products\u201d. Here it is as the first thing you see on our website:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"border aligncenter wp-image-1933 size-large\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.11.34-PM-1024x397.png\" alt=\"\" width=\"1024\" height=\"397\"><\/p>\n<p>More examples, you say?<\/p>\n<p>Here\u2019s one of our favorite companies, <a href=\"https:\/\/ahrefs.com\">Ahrefs<\/a>, with \u201cgrow your search traffic\u201d:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1934\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.14.00-PM-1024x263.png\" alt=\"\" width=\"1024\" height=\"263\"><\/p>\n<p>Here\u2019s <a href=\"https:\/\/bench.co\/\">Bench<\/a>, another awesome company, with \u201cdon\u2019t spend your valuable time staring at spreadsheets\u201d:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1935\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.15.54-PM-1024x276.png\" alt=\"\" width=\"1024\" height=\"276\"><\/p>\n<p>\u2026 you get the gist. Make sure the benefit for the customer is the first thing they see when they look at your\u2026 well, anything.<\/p>\n<p>Lead with this main thought in every conversation about value you have. Supplement it with the more detailed value points that go under it.<\/p>\n<h2>Benefits before features<\/h2>\n<p>Your product has features. Well done. Every product does. However, features describe <em>functionality<\/em>.<\/p>\n<p>Describing functionality isn\u2019t information that is going to sell your product. Remember\u2014when people are looking for a solution, they\u2019re thinking about the challenges they have.<\/p>\n<p>For example, \u201cCanny helps you collect feedback\u201d.<\/p>\n<p>\u2026<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"gif size-full wp-image-1936 aligncenter\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/giphy-2.gif\" alt=\"\" width=\"478\" height=\"268\"><\/p>\n<p>\u201cI already \u201ccollect feedback\u201d. Why do I need a tool for it?\u201d<\/p>\n<p>Seeing a random feature doesn\u2019t translate into \u201cthis solves a problem for me\u201d for anyone.<\/p>\n<p>This is why you also have to explain what the benefits of your features are. Try to follow up with a relatable value example for every feature you have, or plan to have.<\/p>\n<p>Here\u2019s another Canny example:<\/p>\n<p>\u201cWe have a changelog feature where you can announce product updates.\u201d<\/p>\n<p>\u2026 vs:<\/p>\n<p>\u201cWe have a changelog feature, where you can <a href=\"https:\/\/canny.io\/blog\/announce-product-updates-features\/\"  data-wpil-monitor-id=\"55\">announce product updates<\/a> to engage people with your newest features.\u201d<\/p>\n<p>The first example provokes no value feelings. The second one clearly states what the benefit is for the person using the changelog. Obviously, we went with\u2026<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1937\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.24.47-PM-1024x321.png\" alt=\"\" width=\"1024\" height=\"321\"><\/p>\n<p>Getting people to engage with new features is a benefit that our target group wants.<\/p>\n<p>Always focus on benefits, not features. We\u2019re all selfish here. Features aren\u2019t exciting. Benefits are.<\/p>\n<p>Always segment your audience when talking about value<\/p>\n<p>This comes back to the target groups you defined in the first step.<\/p>\n<p>If you only have one target group, it\u2019s a little easier for you. If you have several, you\u2019ll want to adjust your messaging depending on who you\u2019re talking to.<\/p>\n<p>Remember\u2014you\u2019re not the only solution out there. Someone is giving you the time of day to explore your product as an option. You need to capture their attention immediately by describing the value to them.<\/p>\n<p>Here are some ways to make sure you don\u2019t generalize your messaging:<\/p>\n<h4>Write content that highlights specific use cases for your target groups<\/h4>\n<p>For example, we have a \u201cCanny best practices\u201d series that is easy to find for people looking for a solution for their use case specifically.<\/p>\n<h4>Build targeted landing pages for your different target groups<\/h4>\n<p>These will come up when someone searches for a specific use case that your product offers, and spares them the time of going through functionality they don\u2019t need.<\/p>\n<h4>If you offer demos (or someone requests one), do your homework<\/h4>\n<p>Learn about the company (or customer) and what they do, who the person is you\u2019re going to be talking to, and what their challenges are.<\/p>\n<p>You can even go as far as shooting over a few questions before your chat to ask them straight out.<\/p>\n<p>Personalization is never a bad thing when it comes to selling software. You\u2019re already doing a good job of focusing on value. Now take it a step further and segment that value for different users.<\/p>\n<h2>Use case studies and examples of other customers<\/h2>\n<p>Case studies are a great way to have someone else toot your value horn.<\/p>\n<p>Firstly, recommendations are always more reliable if they come from someone else rather than the company itself.<\/p>\n<p>Secondly, case studies are a great way for potential customers to relate to others using the product and liking it.<\/p>\n<p>When putting together case studies:<\/p>\n<ul>\n<li>Again, focus on value first\u2014it doesn\u2019t help when someone just says \u201cyeah this product is good\u201d. Ask your case study buddy to explain how your product adds value to them.<\/li>\n<li>Keep it humble. Yes, case studies are meant to praise your product, but keep it on the DL with the horn tooting. Focus on actionable and useful information.<\/li>\n<\/ul>\n<p>For example, Canny\u2019s case studies consist of three parts\u2014challenge, solution, and results.<\/p>\n<p>Here\u2019s what that looks like in the <a href=\"https:\/\/canny.io\/case-studies\/readme\">case study for ReadMe<\/a>, one of our customers:<\/p>\n<p>Challenge:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1938 size-large\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.45.03-PM-1024x597.png\" alt=\"Product value is highly based on use cases\" width=\"1024\" height=\"597\"><\/p>\n<p>Solution:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1939\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.41-PM-1024x756.png\" alt=\"\" width=\"1024\" height=\"756\"><\/p>\n<p>Results:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1940 size-large\" src=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.52-PM-919x1024.avif\" alt=\"Product value is about results\" width=\"919\" height=\"1024\" srcset=\"https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.52-PM-919x1024.avif 919w, https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.52-PM-269x300.avif 269w, https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.52-PM-768x856.avif 768w, https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.52-PM-108x120.avif 108w, https:\/\/canny.io\/blog\/wp-content\/uploads\/2019\/10\/Screen-Shot-2019-10-11-at-3.46.52-PM.avif 1172w\" sizes=\"auto, (max-width: 919px) 100vw, 919px\" \/><\/p>\n<p>The challenge is what your target group can relate to. The solution is how Canny fits into that challenge. The results show the clear benefits the team has seen from using the product.<\/p>\n<p>It\u2019s a simple principle of social proof\u2014\u201cIf another company like mine is getting value from this product, so can I\u201d.<\/p>\n<p>Use it well.<\/p>\n<h2>Focus on what your potential customers need<\/h2>\n<p>Yes, your main objective is to sell your product and make money. It\u2019s how every business works. We don\u2019t have to deny it.<\/p>\n<p>However, in order to get money, the people giving you money need to get something that\u2019s worth paying money for.<\/p>\n<p>You\u2019re not selling your product, you\u2019re selling what people gain from it\u2014whether it\u2019s time, money, or something else.<\/p>\n<p>Figure out what these worthwhile things are for your target audience. Communicate it to them, clearly and strongly. You\u2019ll already put yourself one step ahead of your competition.<\/p>\n<p>You\u2019ll also be much more aware of the challenges your customers face, and will be able to improve your product based on it.<\/p>\n<p><!--HubSpot Call-to-Action Code --><span id=\"hs-cta-wrapper-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" class=\"hs-cta-node hs-cta-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\"><!-- [if lte IE 8]>\n\n\n<div id=\"hs-cta-ie-element\"><\/div>\n\n\n<![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5705808\/e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" id=\"hs-cta-img-e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa\" class=\"hs-cta-img aligncenter\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5705808\/e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa.png\" alt=\"Canny free trial\" width=\"1300\" height=\"642\"><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(5705808, 'e1d55d08-a2cf-44a3-a9a0-f3ca5ff21dfa', {\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ve built a piece of software. You think your product value is through the roof. It\u2019s useful, functional, and overall amazing. There\u2019s a problem, though.<\/p>\n","protected":false},"author":6,"featured_media":1941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[8,7],"tags":[],"class_list":["post-1930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-feedback","category-product-management"],"aioseo_notices":[],"modified_by":"Maria Vasserman","_links":{"self":[{"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/posts\/1930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/comments?post=1930"}],"version-history":[{"count":7,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/posts\/1930\/revisions"}],"predecessor-version":[{"id":6710,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/posts\/1930\/revisions\/6710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/media\/1941"}],"wp:attachment":[{"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/media?parent=1930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/categories?post=1930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canny.io\/blog\/wp-json\/wp\/v2\/tags?post=1930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}