The "benefit ripple effect" of your product
We've talked elsewhere about a simple framework you can use for defining a company/productβs value proposition.
πππ‘πͺπ π₯π§π€π₯ = πππ₯ππππ‘ππ©πππ¨ + π©ππ§πππ© ππͺππππ£ππ + πππ£ππππ©π¨.
Once you've done this, you can take it a step further.
Instead of stopping with just one βbenefitβ on our list, we can identify multiple βlayersβ or βdegreesβ of benefits that our product offers. (there are often more than you realize).
A fun way to identify multiple degrees of benefits is by playing the good old βso thatβ¦β game.
Hereβs how you do it:
Take the first benefit on your list (remember, βbenefitβ = one way that you make your user's life different/better than it was before they met you).
Say it out loud.
Then, say βso thatβ¦β and simply continue the train of thought.
Sounds silly. But Iβm 100% serious.
So for example, letβs say we were selling a budgeting app. Our train of thought might look something like this:
βOur capability = Our app shows you all of your spending in one placeβ¦β
βThe benefits of our app = β¦So that you can stay more organized β So that you can make better spending decisions β So that you can save money β So that you can get out of debt β So that you can lower your stress levels β So that you can save your marriageβ¦β
Great job! This is a healthy list that shows the βbenefit ripple effectβ of your app.
And why is any of this useful?
Because you'll need to draw on this list when creating your initial content and marketing assets.
See, not every benefit on your list is appropriate for every type of asset you'll create. You'll need to match them up strategically, which I talk more about here.