8 Ways To Make Your Product Or Service Stand Out From The Competition

By: Darcy Juarez on: January 16th, 2014 6 Comments

It turned the worst and last, little no-name hotel in Las Vegas into one of the largest and most successful hotels on the strip.

And it’s one of my favorite Dan Kennedy marketing stories (as related in Dan Kennedy’s Magnetic Marketing program.)

You see the owner didn’t have a tremendous amount of money to do advertising at the time so he couldn’t compete with the larger hotels that used billboards, television and full page ads in magazines.

Instead he created an offer that turned his hotel and casino into a very specific, stand-out destination that got people clamoring to go.

Here is what his offer said:

“Give me $396. I’ll give you two nights, three days in my hotel in one of the deluxe suites. There’ll be a bottle of champagne waiting for you when you arrive. You can have unlimited drinks the entire time you are here, whether you are gambling or not, even if you’re sitting in one of the lounges and enjoying the entertainment, you pay nothing more for your drinks. Most importantly, for your $396, I’m going to give you $600 of my dollars to gamble with in my casino.”

The (obvious) lesson to be learned?

Turn your ordinary offer into an extraordinary one and your product or service becomes completely new and different than your competition. This is especially important if your product or service is a commodity.

You can transform your standard ho-hum offer into a killer offer using some of the following elements:

Develop high perceived value. Create a perceived value for your product or service that is higher than the price you are charging and you make your offer irresistible. In the casino hotel offer, the $600 dollars for gambling alone makes the perceived value higher.

Reduce their risk. When you make risk-free offers, it demonstrates confidence in your product or service and makes people feel more comfortable about choosing you over a competitor who doesn’t make a no-risk offer.

  1. Money back guarantee. People often worry about the “what ifs” –what if I don’t use this, what if I don’t like it, what if it doesn’t do what it promises to do. Give people the confidence to buy your product or service by offering a “no questions asked” full refund.
  2. Generous trial periods. Offer a “try before you buy” period, such as “Try it free for 21 days.”
  3. Low-cost trial periods. Ease the fear of making a large investment by giving a trial for an expensive program or membership for a small fee. “Normally $275 per month, you can try it for 7 days for just $1.00.” (The added advantage for you is that you now have their credit card information which makes it easy to automatically charge their card full membership pricing at the end of the trial.)

Create urgency. Everyone needs an incentive to “hurry up” and order now rather than put it off until later. Five ways to nudge people in your offer are to present:

  1. A limited quantity. If you truly have a limited quantity, you can say, “Only for the first 250 orders.” If you don’t have a limited quantity you can say something like, “Your check will be returned if supplies run out.”
  2. A special combination. Create a combination offer that will expire such as, “Buy two get one free” or a special bundle or package at a discounted rate over buying them individually.
  3. A price increase. Say in order to lock in the lower price, the prospect must act now.
  4. An introductory rate or bargain. Offer a pre-publication rate or an introductory rate and explain that after so many are sold the price will increase.
  5. A limited time opportunity. Let prospects know that only a certain number of widgets are available per region. For instance, a company selling franchise opportunity might only offer one franchise location per every 100 mile radius.

Include a powerful image. The casino hotel offer outlined earlier paints a powerful picture through the story-like wording. Another way to create a powerful impact is by including a powerful picture to help tell the story. You’ll see effective examples of this in ads for restaurants, retailers, travel and charitable organizations where a picture can evoke strong emotion.

Never assume that you’ve made the sale or use a weak close that gently “urges” your prospect to act. You must tell your prospect in clear, simple language what you want him to do and give him a great reason to act immediately. When you add some or all of the elements listed, you’ll create an offer that not only does that, but that stands out and makes your product, service or company completely different from everything else out there.

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    About The Author: Darcy Juarez
    Darcy Juarez has created marketing systems in the direct response and information marketing world that have gained national attention. As the Director of Marketing for GKIC , Darcy has taught thousands of business owners her step-by-step strategies for creating their own success and obtaining more time and more profits. For more money-making marketing tips, tactics and strategies, go to www.GKIC.com

    6 Responses

    1. David Hunter says:

      I love that story and have read it a few times in Dan’s books.

      I’m sure those people who took the hotel up on its offer spent thousands of dollars at the casino. Ding!

    2. Darcy,
      Thanks for sharing this great info. and all the hints on your website.

    3. The book was great and I have implemented a great deal of what I have learned but I know better than ever how this casino owner must have felt when the 80% of the people came through his establishment and ate , drank and gambled every single thing that they could and would not part with a red cent . My hat goes off to him to handle the 80% to get to the 20% that would gamble with their own money and return in the future to pay regular rates that he could build the business with . My question is ( could he do it again in this economy where I feel the deal hunter is planning to get the deal and get out without parting with their own money ? )
      Lets say for example a restaurant owner offered a first meal free or for 2 bucks ( value $14.95 ). I think a lot of people would arrive planning on drinking water and a pre planned effort to not order appetizers or deserts . What do you think ? How could the restaurant owner handle this financially ?

      • I think you would devalue the food by offering it for free or at a reduced rate – just like any other food chain. Offer something of true value – “if you’re celebrating something special, bring along some friends and let me pay for your first round of drinks”, of offer them the chefs table -limited offer etc.
        It all depends on your cost of acquiring a customer and their lifetime value.

    4. Mark Steenerson says:

      I have patients during the webinar. Is there a replay I can watch?
      Mark Steenerson

      • Admin says:

        Mark,
        There won’t be a replay but we’ll be making the recording available Mark. Thanks!

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