the johnson agency 1 what do customers buy? defining features, advantages & benefits

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THE JOHNSON AGENCY THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

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Page 1: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 11

What Do Customers Buy?

Defining Features, Advantages & Benefits

Page 2: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 22

CU

STO

MER

C

US

TO

MER

B

EH

AV

IOU

RB

EH

AV

IOU

R Are Customers Are Customers

RationalRational?

Page 3: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 33

How Rational is Absolut ?

CU

STO

MER

C

US

TO

MER

B

EH

AV

IOU

RB

EH

AV

IOU

R

Page 4: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 44

CU

STO

MER

C

US

TO

MER

B

EH

AV

IOU

RB

EH

AV

IOU

R You either You either have ithave it

or you don’tor you don’t

Page 5: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 55

FEATUREFEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SWOW IT HAS 4 WHEELS!

Page 6: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 66

ADVANTAGEFEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SDISTINCTIVE

DESIGNwhich means?

Page 7: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 77

BENEFITBENEFITFEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SHI!

Page 8: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 88

FEATUREFEATURE

DESCRIBES DESCRIBES CHARACTERISTICS CHARACTERISTICS

OF A PRODUCT OF A PRODUCT

FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

S

FEATURES ARE NOT FEATURES ARE NOT

PERSUASIVEPERSUASIVE

Page 9: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 99

EXPLAINS HOW A EXPLAINS HOW A PRODUCT CAN BE PRODUCT CAN BE

USED OR HELPUSED OR HELPFEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SADVANTAGEADVANTAGE

MUST BEMUST BE INERESTED INERESTED OR OR NEEDNEED IT IT

Page 10: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1010

SOURCE OF SOURCE OF COMPANY’S COMPANY’S

COMPETITIVE COMPETITIVE POSITION IN MARKET POSITION IN MARKET

FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

S REASON TOREASON TOBUY FROM BUY FROM

YOUYOU

ADVANTAGEADVANTAGE

Page 11: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1111

EXPLAINS HOW A EXPLAINS HOW A FEATUREFEATURE MEETS MEETS THE CUSTOMERS THE CUSTOMERS

NEEDNEED

FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SBENEFITSBENEFITS

A A SOLUTIONSOLUTION TO TO WHAT THEY WHAT THEY

WANTWANT

Page 12: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1212

OUR TOWELS OUR TOWELS ARE BIG AND ARE BIG AND

SOFT SOFT FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

S

SO WHAT!SO WHAT!

FEATUREFEATURE

Page 13: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1313

Our “exclusive’ Pima Our “exclusive’ Pima cotton dries you cotton dries you

faster”faster”FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SADVANTAGEADVANTAGE

MUST BEMUST BE INERESTED INERESTED OR OR NEEDNEED IT IT

Page 14: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1414

FEEL DRY FEEL DRY FASTERFASTER

PLUSPLUS

SOFT SKINSOFT SKIN

FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SBENEFITSBENEFITS

A A SOLUTIONSOLUTION TO TO WHAT THEY WHAT THEY

WANTWANT

Page 15: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1515

WE HAVE WE HAVE 2,000 field 2,000 field

service engineersservice engineersFEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

S

SO WHAT!SO WHAT!

FEATUREFEATURE

Page 16: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1616

LARGE SALES LARGE SALES FORCE ENABLES FORCE ENABLES

US TO FIX WITHIN US TO FIX WITHIN 12 HOURS12 HOURS

FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

S MUST BEMUST BE INERESTED INERESTED OR OR NEEDNEED IT IT

ADVANTAGEADVANTAGE

Page 17: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1717

WITH OUR WITH OUR WORKFORCE YOU WORKFORCE YOU

HAVE LESS HAVE LESS DOWNTIMEDOWNTIME

FEA

TU

RES

AN

D

FEA

TU

RES

AN

D

BEN

EFIT

SB

EN

EFIT

SBENEFITSBENEFITS

A A SOLUTIONSOLUTION TO TO WHAT THEY WHAT THEY

WANTWANT

Page 18: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1818

SEGMENTATION

MARKET MAPPING

Page 19: THE JOHNSON AGENCY 1 What Do Customers Buy? Defining Features, Advantages & Benefits

THE JOHNSON AGENCY THE JOHNSON AGENCY 1919

Thank Thank You!You!