So you’re the biggest, the best, the fastest, the first? So what. Big deal. How do you know if any of that answers the question your customer is asking, “What’s in it for me?” (WIFM).
“Features versus benefits” is Marketing 101. But as I look around the Web, I wonder if anybody heard that through their college-day hangovers. Very few people even talk about benefits, much less make the effort to get really good at translating features into benefits. Yet power-packed words describing benefits are what trigger the emotions that motivate us to spend our money, time, or energy. People (including you and me) buy because of the positive emotions associated with the benefits.
“The 2001 model has a 220-horsepower V8 engine, antilock brakes, traction control, automatic safety restraint system, and both front- and side-impact airbags.” This statement may excite some of you out there, but the average consumer (and by “average consumer” I also mean “most of them”) is lost after the word “model.” Speak to consumers in their language: “This car has a very powerful engine, so it won’t need to work as hard as one with a smaller engine. You’ll find it a pleasure to own, especially when you want to merge or pass. The extra power will also help you avoid obstacles and quickly get you and your family out of harm’s way, while the extra safety features ensure you’re all safe and secure. And it’s great fun to drive!”
Here’s another example: “This ring features a 1.4 carat, pear-shaped cut white diamond with an SI1 clarity grade and an H color rating.” Huh? Unless you’re a gemologist or you understand the four Cs (cut, color, clarity, and carat weight), that’s just gibberish. Here is what might sell diamonds better: “Imagine that special evening when you gently slip this on her finger and stare intensely into her eyes. She peers at this symbol of your devotion, the promise of your future together, and tears begin to glisten. An adoring smile spreads across her face, and at that moment your love is sealed forever.”
Would it be indelicate to ask that gentleman if he cared about the four Cs the next morning?
Focus on emotions, not intellect. Emotions are the gateway to making a buying decision. Zig Ziglar, a world-renowned sales trainer, explains, “People usually buy on emotion and then they justify it with logic.” Therefore, appeal to their emotions first and foremost. Benefits are the language of emotion. Features are the language of logic. Even people who insist they buy logically or based on features do so because that’s what makes them feel better.
One of the common problems companies have translating their product or service features into benefits is that they are “looking at the label from the inside of the bottle,” in the words of best-selling author and ad guru Roy H. Williams. In other words, because they know too much about their businesses, they often assume that others, too, not only want to know them but also should know them. These companies spend time (and money) “assuming” and “shoulding” all over themselves.
How does one get out of this thought trap? I thought you’d never ask. Here is a process to use to identify benefits.
Products’ attributes usually have four principal levels:
- Features — what products have. For example, “This application is able to handle multiple users concurrently.”
- Advantages — what features do. For example, “This application provides essential information in real time.”
- Benefits — what features mean. For example, “This information will allow your managers to keep their fingers on the company’s financial pulse at all times.”
- Motives — what features satisfy. For example, “This feature will provide cost-savings, control, and efficiency.”
List all of the features of your product or service, including standard, technical, supportive, and abstract features. For each feature, develop a subsequent list of relative advantages, then list benefits, and finally motives.
I’ll close this article with a simple question: Would you prefer to read an article that will provide you with data on sales, marketing, usability, consumer psychology, and Web site design, or one that can actually show you how to increase online sales?
“You cannot succeed in analytics and marketing unless they are central to business operations and are helping business answer the questions that will drive dollars to the top or bottom line,” says Kerem Tomak, Sears Chief Digital Marketing & Analytics Officer.
The use of psychology in marketing and sales is not new, but it may be more useful than ever in an attention economy where time is precious and focus is rare. How can you tap into a demanding consumer to check whether there is an actual interest in your product?
According to a survey conducted as part of OnBrand Magazine's State of Branding Report 2017, marketers are well aware of the new technologies that are expected to be important to their brands in coming years, but the majority aren't rushing to invest in them before they're fully-baked.
Two weeks ago, Foursquare announced what could be the most important component of its data business: the Pilgrim SDK. So what does it do, and what does it mean for location-based marketing?