Product Benefits

Product Benefits

Product Benefits Jonathan Poland

A product benefit is the value that a customer derives from a product or service. It is what makes the product useful, desirable, or satisfying to the customer, and is often expressed in terms of the customer’s needs, expectations, requirements, or motivations. Marketing and sales professionals recognize that customers are typically more interested in the benefits of a product than in its technical details or features. Therefore, highlighting the benefits of a product is an effective way to persuade customers to buy it. Examples of product benefits include convenience, performance, reliability, safety, and cost savings. The following are illustrative examples of a product benefit.

Objectives
A product that allows a customer to achieve an objective. For example, a refrigerator that makes small ice cubes allows a customer to make their favorite iced beverage at home.

Cost
A product that saves the customer money. For example, a parent who is looking to save money on batteries for children’s toys finds that rechargeable batteries have a lower lifetime cost than disposables.

Convenience
A product or service that saves the customer time or makes things easier such as delivery of groceries to your door.

Comfort
Comfort such as headphones that you can barely notice you’re wearing.

Usability
A camera that is intuitive to use.

Productivity
Professional software that saves an architect time in developing concepts for a client.

Efficiency
An electric car that can make it from one city to another on a single charge.

Sustainability
An electric bus that helps a city to achieve its sustainability targets.

Peak Experience
A sailboat that helps a customer pursue a life of adventure.

Transformation
A book that helps a person to change in a positive direction.

Style
A pair of shoes that inspire a customer with their style.

Mobility
A game system that allows a customer to play anywhere.

Risk
An airline that has a good safety record and reputation makes a customer feel safe on flights.

Culture
A restaurant in Paris that represents an authentic cultural experience.

Entertainment
A game that is so engaging that you dream about it.

Health & Wellness
A meal that customers perceive as healthy.

Status
A pair of running shoes associated with a customer’s favorite sports hero.

Values
An environmentally friendly product that helps customers to feel good about a purchase.

Performance
A television that doesn’t pause slightly when you turn it on or change channels.

Customer Service
A restaurant that meets customer expectations for service such that they enjoy the experience.

Durability
A customer needs a phone to keep working after they drop it.

Quality
A traveler expects an extremely clean hotel room.

Availability
A customer needs their stock trading app to work at all times with no outages.

Peace of Mind
A customer wants to know that their mobile phone is secure and private.

Flexibility
A customer wants to access their streaming media accounts when they travel without restriction.

Character
An old hotel with character such that customers get a feeling from it.

Sensory
Soap that looks and smells pleasing.

What is the Broken Window Fallacy? Jonathan Poland

What is the Broken Window Fallacy?

The broken window fallacy refers to the idea that the economic benefits of destructive events, such as wars and natural…

Go-To-Market Strategy Jonathan Poland

Go-To-Market Strategy

A go-to-market strategy is a plan that outlines how a business will introduce its products or services to the market…

Qualified Small Business Stock (QSBS) Jonathan Poland

Qualified Small Business Stock (QSBS)

Qualified Small Business Stock (QSBS) refers to a special classification of stock in the United States that offers significant tax…

Product Launch Jonathan Poland

Product Launch

Product launch refers to the introduction of a new or updated product to a specific market. This is an important…

Pricing Techniques Jonathan Poland

Pricing Techniques

Pricing involves carefully considering various factors in order to determine a price that will maximize a company’s profits over the…

Operations Planning Jonathan Poland

Operations Planning

Operations planning involves identifying and implementing strategies and tactics to optimize the core processes and practices that enable a business…

Network Infrastructure Jonathan Poland

Network Infrastructure

Network infrastructure refers to the hardware and software components that are used to build and support a computer network. It…

IT Governance Jonathan Poland

IT Governance

IT Governance refers to the way in which an organization’s executive leadership manages and directs information technology. It is a…

Volatility Risk Jonathan Poland

Volatility Risk

Volatility risk is the possibility that changes in the volatility of a risk factor will lead to losses. Volatility is…

Learn More

Capital Goods Jonathan Poland

Capital Goods

Capital goods are physical assets that are used in the production of other goods or services. These assets are considered…

Manufacturing 150 150 Jonathan Poland

Manufacturing

Manufacturing is a critical phase in business development, especially for companies that produce physical goods. The synergies between manufacturing and…

Alcon Jonathan Poland

Alcon

Alcon is a global medical company that is focused on developing and manufacturing innovative products to improve the lives of…

What is a Product Line? Jonathan Poland

What is a Product Line?

A product line refers to a group of related products that are marketed together as a single unit. Product lines…

What is a Capitalist? Jonathan Poland

What is a Capitalist?

A capitalist is an individual who supports or practices capitalism, which is an economic system based on the principles of…

Customer Service Techniques Jonathan Poland

Customer Service Techniques

Customer service is any person-to-person exchange between a business and a customer. Developing successful customer service is essential for any…

Continuous Production Jonathan Poland

Continuous Production

Continuous production is a method of manufacturing in which materials and parts are continuously processed and kept in motion or…

Artificial Intelligence Jonathan Poland

Artificial Intelligence

Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and act like…

Types of Efficiency Jonathan Poland

Types of Efficiency

Efficiency refers to the relationship between the amount of input used to produce something and the amount of output that…