FEATURES, ADVANTAGES AND BENEFITS FEATURE • A physical characteristic, that you can see, feel, touch or measure. • Expressed as a noun. • Answers the question -- WHAT IS IT? ADVANTAGE • A performance characteristic, expressed as an adjective, a verb or an adverb. • Answers the question, What will it do? BENEFIT • An asset characteristic expressed as a personalized value. • Answers the questions-– What does that mean to the buyer? – Of what value will that be to the buyer? TYPES OF BENEFITS • Company benefits – Make or save money – Save or make better use of time – Make a job easier or a product better – Save lives or improve health. • Personal Benefits – – – – Recognition Achievement Security Personal profit or pleasure SO WHAT!!!!! MARKET BENEFITS BENEFITS TO USING FAB • Helps organize the mind - market wise • Easier to explain • You think about their needs and how my product or service will fulfill them • Easier for the customer to understand • The advantage backs up the feature • Forces you to get to the benefit