4.8 • 793 Ratings
🗓️ 14 December 2017
⏱️ 18 minutes
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You have a great product, produced using state-of-the-art technology. But if you don’t talk about how the product will help your audience (its benefits), and only talk to them about its technical specifications (its features), you are losing lots of potential customers.
Through his Swanwick Sleep company, James Swanwick sells blue-light-blocking glasses. They have a number of interesting technical features, but features aren’t enough to get people to make a purchase.
That’s why the company’s website (swanwicksleep.com) says the product will make you "sleep better", “feel energized”, and “look cool” in large font. The benefits, not the features, are front and center.
And they’re so prominent because an interested customer is always asking, "what does this product do for me?" If you don’t talk about the product’s benefits, you’re not answering their question!
James makes a clear distinction between features and benefits. A feature is a factual statement about a product or service. Examples include a self-cleaning oven, or a product being made 100% from recycled materials.
A benefit is an improvement in one’s circumstances caused by the product or service. Examples include convenience, time-saving, and becoming more attractive to potential partners.
You can see the focus on benefits in everyday marketing. Let’s take weight-loss products for instance. If you watch infomercials about them, you very frequently see portrayals of men using the product having attractive, smiling women walk up to them.
It’s the same for a whole host of products. Marketing for anything that improves your physical appearance very often depicts attractive people entering the frame and looking at the user with adoration.
The inference the marketing establishes is that these products will make you attractive. The focus here is on that benefit, not on the technical specifications of the exercise machine or weight-loss program being sold.
James urges entrepreneurs to audit their sales copy, identifying where features are emphasized over benefits, and making changes to focus instead on the benefits. You should ask yourself why your customers do business with you, and ask them, too! You may discover all sorts of benefits your customers derive from your products that you had not known before.
Benefits you should be highlighting in your marketing!
Hear more from James at his podcast.
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0:00.0 | Step one is just do an audit of all of your sales copy, identify where you are selling features instead of benefits and then change it around to benefits. |
0:09.1 | And then number two, ask your customers, why do you do business with us? |
0:13.7 | Why? What's the benefit that you are getting from using our product? |
0:17.7 | Because that is where the gold could potentially be lying. |
0:23.6 | Thank you. our product because that is where the gold could potentially be lying. You're listening to Freedom Fastlane presented by Capitalism.com. |
0:29.6 | This is the show about building businesses and investing the profits so that you can live life on your terms. |
0:36.6 | And now your host, the future owner of the Cleveland Indians, Ryan Dan so that you can live life on your terms. |
0:42.3 | And now your host, the future owner of the Cleveland Indians, Ryan Daniel Moran. |
0:53.5 | It's James Swanick here, the CEO and founder of Swanick Sleep and the creator of Swanee's blue light blocking glasses. |
0:54.8 | It's great to have you here. |
1:02.4 | And today, we're going to be talking about the difference between features and benefits. |
1:09.6 | If you have a product and you are banging on about the features of your product, then you are potentially losing many sales. |
1:11.6 | But if you're able to articulate the benefit or the benefits of your product, |
1:18.6 | then the chances of making a sale increase exponentially. |
1:23.6 | Thank you very much, Ryan, for having me here to talk about this. It's great to be here. |
1:28.7 | You may have, if you're listening to me right now, you may have heard me on a previous episode |
1:33.0 | of Freedom Fast Lane where I talked about the cognitive biases and why people sell, and I went |
1:39.1 | through about a dozen of those reasons on a previous episode. But let's get stuck into the difference between features and |
1:46.8 | benefits. So let's use my Swanee's blue light blocking glasses as an example. I don't talk about |
1:54.7 | how we have acetate frames and spring hinges and polycarbonate lenses. |
2:01.7 | I mean, I do mention that, but I don't lead with that. |
2:04.5 | What I lead with is sleep better. |
... |
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