Analyzing Your Buyer Benefits/Drawbacks Relative to Your Competitors
At a minimum, you need to understand what benefits users get from each aspect of your competitors’ products or services versus what they get from you.
Benefits are not features. Features need to be translated to:
What’s in it for the customer? And it must be from the customer’s point of view, not yours!
- Feature: “100 more MB of RAM”
- Benefit: “Cuts your wait time because it runs three times faster”
- Feature: “Waterproof” mascara
- Benefit: “Won’t run down your face”
- Feature: “Condensed”
- Benefit: “We’ve cut all the fluff, so you get all the important content in half the time.”
- Feature: “Half the calories”
- Benefit: “Eat twice as much without gaining a pound!”
- Benefit: “Eat what you normally do—and still lose weight!”
- Feature: “24/7 customer support”
- Benefit: “Your job is safe with us! If something goes wrong, we’ll fix it any time any day!”