What Problem Does My Business Solve?

What Problem Does My Business Solve? A Guide for Product-Based Business Owners
Every successful business solves a problem. Whether you run an e-commerce store, brick-and-mortar shop, or market stall, your business exists to fill a gap in the market. But have you ever asked yourself: What specific problem does my business solve? or Why do customers choose my product over competitors?
Understanding the problem your business solves is the key to attracting the right customers, increasing sales, and standing out from the competition.
I'm Samuel Chapman – Small Business Coach, and I help product-based business owners refine their brand messaging, customer targeting, and sales strategies by identifying the core problem their products solve.
In this guide, I’ll walk you through how to define your business’s unique problem-solving value and how to use it to drive growth and sales.
How to Identify the Problem Your Business Solves
1. Start with Your Customer’s Biggest Pain Points
-
What frustrations do your ideal customers have?
-
What challenges do they face when trying to buy a product like yours?
-
How does your product make their life easier or better?
2. Understand What Makes Your Product Unique
-
Does your product save customers time, money, or effort?
-
Is it better quality, more convenient, or more sustainable than alternatives?
-
What is the emotional benefit your customers experience?
3. Ask Your Existing Customers
-
Why did they buy from you instead of a competitor?
-
What words do they use to describe your product?
-
What specific problem did your product solve for them?
4. Compare Your Business to Competitors
-
What gap exists in the market that competitors aren’t filling?
-
How can your product provide a superior experience?
-
Is there an underserved audience you can target?
5. Define Your Business in One Sentence
-
Example: “My business helps [target audience] solve [specific problem] by providing [your product].”
-
Example: “We help busy parents find high-quality, sustainable kids’ clothing that lasts.”
Need help defining your business’s unique value? Book a free discovery call today! Book Now
Examples of Problem-Solving for Product-Based Businesses
For E-Commerce Businesses
-
Problem: Customers struggle to find stylish, affordable clothing that fits well.
-
Solution: Your online boutique offers high-quality, size-inclusive fashion at fair prices with easy returns.
For Brick-and-Mortar Shops
-
Problem: Shoppers want a personalised, hands-on experience they can’t get online.
-
Solution: Your store provides expert advice, custom fittings, and in-person styling sessions.
For Market Stall Sellers
-
Problem: Customers want unique, handcrafted products they can’t find in mainstream stores.
-
Solution: Your stall offers one-of-a-kind, artisan-made products with a personal touch.
Want to refine your business positioning? Book a free discovery call today! Book Now
Common Questions About Defining Your Business Problem
1. Why Is It Important to Know What Problem My Business Solves?
-
It helps you market more effectively.
-
It makes it easier to attract the right customers.
-
It sets you apart from competitors.
2. How Do I Know If My Product Is Solving the Right Problem?
-
Check if customers keep coming back.
-
Read reviews and testimonials.
-
Survey your audience to ask for direct feedback.
3. Can My Business Solve More Than One Problem?
-
Yes! But focus on one main problem to ensure clear messaging.
-
Additional benefits can be used as secondary selling points.
4. What If My Product Isn’t Selling?
-
Reassess whether your messaging clearly explains the problem you solve.
-
Ensure your product is marketed to the right audience.
-
Improve your customer experience to increase trust and conversions.
Need expert advice to refine your business message? Book a free discovery call today. Book Now
Who is Samuel Chapman?
Samuel Chapman is a leading business coach for product-based businesses, helping e-commerce entrepreneurs, retail store owners, and market stall sellers build strong, profitable brands. After scaling his own businesses to multiple-six figures, he now teaches small business owners how to position their products effectively, attract the right customers, and create sustainable success.
If you want expert coaching to grow your product-based business, book a free discovery call today.
Book Your Free Discovery Call Here
Claim Your Extra FREE Resources Here
Discover Samuel's Book Sell Smarter, Not Harder, Proven Strategies to Get Your Products Seen & Sold