Posts Tagged ‘selling products’

Three Keys to Business Success

Posted in Advertising Related on March 13th, 2010 by liz – Be the first to comment

success

Ted Turner:
“Early to bed and early to rise, work like hell and advertise.”

Apple’s Steve Jobs:
“The only thing that works is management by values. Find people who are competent and really bright, but more importantly, people who care exactly about the same things you care about.”

Jimi Hendrix:
“Knowledge speaks, but wisdom listens.”

Advertisers should ask: Where’s the pain?

Posted in Advertising Related on March 8th, 2010 by liz – Be the first to comment

Advertising a laundry list of product features doesn’t tell the prospective customer how the product or service being advertised can fix a problem he or she is having. So smart advertisers always ask, “Where’s the pain?”

Are you underwater on your mortgage? Do you have migraine headaches? Is your dog getting fleas all over your house? These are pains a product or service might solve.

tacoIt doesn’t always have to be a major pain. One of the smartest new products I’ve seen is the taco shell with a flat bottom. It lets you stand the taco up on the plate while you add the fillings. And if you put it down to take a drink of water, it won’t fall over and spill meat and lettuce all over the table, chairs and floor.

Where’s the pain? For the mom, it’s having to clean up after her kids on taco night. The flat-bottomed shells eliminate most of the mess. A time-saver, a tension-tamer, a neater way to eat tacos, wow! Why did no one think of this before? Maybe because nobody bothered to ask, “Where’s the pain?” for the consumer (the mom, who usually does the grocery shopping).

Pain relief in taco shell form. Brilliant! So it’s not just advertising that makes the sale; it’s also a smart new product idea. But the bottom line, for manufacturers and creators of advertising, is the same: Where’s the pain? and how can we make it go away? If you can answer those two questions and follow up to create a product or message customers see as some kind of salvation, you’re in business. Otherwise, you’re just a me-too. And nobody wants to be that.

“What do I need a banana for?”

Posted in Advertising Related on March 5th, 2010 by liz – Be the first to comment

So it’s up to you to create compelling advertising for a product. All the information you have to go on is a list of product features in a brochure. It does this, it looks like this, it costs this much. Really basic stuff. But you want to get prospective customers excited enough about your product to buy it. Just describing its features the way Mr. Spock would — from intellectual observation — won’t do the trick. You have to find a benefit in the product that will show prospects they need, want or desire it.

banana-splitSo how do you turn features into benefits? By following the WIIFM method. “What’s in it for me?” is the first question the prospect will ask. And it’s the crucial question you must answer. A fact sheet for a banana might list features like “attractive yellow hue,” “soft texture,” “delicious flavor,” etc. But does that make you want to buy a banana? If you’ve never heard of it before? No. Only if it has a benefit for you. In selling, WIIFM (What’s In It For Me) applies to bananas and every other thing under the sun.

“What do I need a banana for?” your prospect asks.

You reply, “Well, bananas are delicious and handy to take on a trip, ’cause they have their own wrapper. They’re great for snacks or sliced on cereal. Each banana has only 100 calories and no fat. They provide the potassium you need every day to stay healthy. And they’re natural and unprocessed, with no food additives. Oh, and by the way, kids love ‘em.”

“Okay, sounds pretty good, but I’m looking for new menu ideas. Got any?”

“You can make fantastic banana nut bread with it, or ring a fruit salad with alternating slices of banana and kiwi, or — well, here — here’s our new banana cookery booklet, ‘Go Bananas With Bananas!’ There are literally hundreds of ways you can use bananas in salads and desserts!”

“All right — I’m sold!”

What’s the difference between a feature and a benefit? A feature is a “so what?”, while a benefit is the “what’s in it for me?”, the sizzle of the steak, the one thing that makes prospective customers sit up and take notice.

The old AIDA formula still holds:

• Attention

You must get the prospect’s attention so they’ll listen to your message. A great visual, a compelling headline, or on TV or radio, a curious sound (or silence)…

• Interest

You must tell him or her something that interests him or her in your product. Some way to use it to solve a problem, some way the product enhances their life, makes them look more attractive, saves them money…

• Desire

What would make your targeted prospect desire the product? (Better health, wealth, quality of life, convenience, deliciousness, fun?)

• Action

You’ve hit the prospect with the benefits that should appeal to them. If they have a need that your product can fill, then they may go out and buy it.

Sounds simple, doesn’t it? It is, but often, advertisers present a list of features, thinking surely the prospect can figure out how the features are beneficial to them. It’s best not to count on their taking the time to connect the dots.

So as an advertiser creating a campaign, always ask, “What does my prospective customer need this (product or service) for?” If you can’t think of an answer, well… think harder.