Posted on Leave a comment

The Journey to Better Marketing: Benefits vs. Features

Emotional and financial benefits are great motivators

The basis of capitalism is “the individual will do what’s good for the individual.” When you consider marketing your product or service, you need to consider it from your customers’ perspectives. What’s in it for them?

If you talk about how cold your refrigerator is, you’re talking about a feature. The refrigerator is cold. So what? What does that mean to your customer? The refrigerator will keep food fresher longer because of its cold temperature. The feature is “cold;” the benefit is “fresher food.” Too many businesses list features and think they are benefits.

A feature is not a benefit. A benefit explains how a product or service will make the consumers’ lives better, and just because it’s a benefit for you, doesn’t mean it’s a benefit for someone else. The most compelling benefits are emotional or financial.

A competitive advantage is a special kind of benefit. It is one that is unique to you or it is something that only you talk about. It’s a benefit that gets the buyer’s attention, sells your product, keeps customers coming back, and causes people to talk about your product. The right competitive advantage buries your competition and should become the focus of your overall marketing plan.

Adapted from “Guerrilla Maketing in 30 days.”

Posted on Leave a comment

The Journey to Better Marketing: Build a Marketing Plan

If you want to succeed, you need a plan.

A marketing plan requires information, brain power, and initiative. Brain power is broken down into analysis, ideas, creativity, and imagination.

You can make a seven-sentence marketing plan. It should include the purpose of the marketing, the target market, the niche, the benefits or competitive advantage, identity, the tools you have in your marketing bag, and your budget.  Guerrilla Marketing adds “investigate new markets in the coming year.”

A good marketing plan requires you to know the market, what customers expect and want, and how to satisfy them. Plans need to be flexible. They should include how to attract potential customers, how to convert those potential customers into purchasers, and how to keep them coming back.

Adapted from “Guerrilla Marketing in 30 Days.”