Felix Velarde & Michael Nutley

Publishing 4 November 2026

The Proposition
Formula

A practical process for creating a unique value proposition.

An exceptional proposition, built properly, does more selling than everything else you publish. This is how you build yours.

The Proposition Formula book cover, by Felix Velarde and Michael Nutley
Over 25 years of building propositions, laid out clearly.

What clients say
about the process

“In a single day, we made more progress on our proposition than we had in two years.”

Jim Meadows · Founder, Commit

Five
seconds

A client who has given up on their agency gives each website on their shortlist a few seconds, to find the one that truly understands their needs. Your proposition gets those seconds and no more. “We’re a full-service agency” describes ten thousand businesses, and that client has just fired one of them.

Two propositions
the process produced

Both came out of the process the book describes.

01 / White Bear

“Branding
future
unicorns”
A proposition for a branding agency.

02 / Impero

“We make
tired brands
famous again”
A proposition for a creative agency.

Inside the book

The seven
steps

A practical guide for leaders who would rather their businesses be chosen than compared.

  1. Values
  2. Ingredients
  3. Audience
  4. Territory
  5. Proposition
  6. Substantiation
  7. Deployment

Felix has spent over 25 years building propositions, and more than a decade running this process with agencies, tech companies, consultancies and law firms. The book takes you through it step by step, with case studies throughout that show what it feels like to go through the process.

The authors

Who wrote it

Felix Velarde

Felix Velarde

Author of Scale at Speed · Founder of 2Y3X

Felix started one of the world’s first web design agencies in 1994, and has been a founder and CEO for more than three decades. He has run proposition workshops for agencies for over a decade, and his 2Y3X programme scales professional services businesses across the UK, Europe and the United States.

He lectures on entrepreneurship at Hult International Business School.

Michael Nutley

Michael Nutley

Former editor-in-chief, New Media Age

Michael has been writing about and shaping digital media and marketing for over thirty years. He edited New Media Age and the European channel of Adobe’s CMO.com. He also lectured in digital advertising and publishing at the London College of Communication.

He is principal writer at London Research and writes regularly for The Drum.

What clients say
about the process

“Our new proposition speaks to what is at the heart of Beyond and people recognise themselves in it.”

Jess Tyrrell · Former Managing Director, Beyond

Be first
to read it

The opening chapter goes out by email before publication. Leave your address and you’ll have it before it hits the bookshops.