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iPOTT          10-Feb-12

                 Getting you there…
                                         A Successful Feature behind a Benefit

Go Goal                                  This is no word game but the very meaning of the two words
                                         feature and benefit is different. Sometimes Product
                                         Entrepreneurs fail to differentiate between these two aspects
Set, Get, Go…                            of their own product or innovation which creates scope for
                                         ambiguity and lack of charisma during product launches and
To visit this blog Click here.           promotions.

iPOTT being an end to end                Speaking in general, benefit is the result of a feature. For
provider of innovative and cost          instance, the basic features of a cell phone include texting,
effective services in the areas of       calling, internet and camera. The benefits of having these
knowledge management, sales              features include social networking on internet or connecting a
enablement and consulting offers         PC to internet using Bluetooth on cell phone.
a unique and unbiased platform
for software product companies           Let me apply this to an innovation. Let us say it is a lab-on-chip
worldwide to reach their target          which supports detection of 20 different diseases. It is a
markets                                  feature. The advantage of using the lab-on-chip is it reduces
                                         need for laboratory equipment required to conduct tedious
                                         tests on blood samples and it is not prone to human-errors.
                        www.ipott.com    That is a benefit. What are the types of diseases detected?
                        info@ipott.com   That is a feature again, but the lesser amount of time taken by
                                         the device to perform the test is a benefit.

                                         Fundamental idea of marketing a product is to highlight its
                                         features and benefits. Many products have identical features,
                                         so what makes a product stand out of crowd at the end of day.
                                         It is appeal to product, its relevance, pricing and positioning in
                                         market. Appearance matters in crowd.

                                         Sometimes, feature by itself maybe a benefit for certain users.
                                         This is influenced by the availability of similar products in the
                                         same market. Too many products offering similar services will
                                         eliminate space for benefits as people do not perceive them as
                                         benefits any longer but as features. Market is constantly


                                         1|P a g e
                                                                  DN: 007/GG/2012 V1.0    Copyright © 2012 iPOTT
iPOTT
                 Getting you there…
                                         growing with people gaining more and more awareness. This
                                         has resulted in increasing needs and more demands. This
                                         creates scope for more product innovations to fulfill that extra
Go Goal                                  need in users that the current product could not address.

Set, Get, Go…                            The overall concept however is that in Marketing strategy a
                                         product is the core and highlighting its uniqueness is critical to
To visit this blog Click here.           stand out in crowd. Features add to the uniqueness of the
                                         product. It enhances the way a product associates itself with
We have blogs targeting a range of       the user’s psyche. Sometimes, brand name and emotional
audience starting from potential         value attached to the product itself act as motivators to buy
product innovators to CEOs               product and therefore it is adding to the benefit cult.

Audience interested in knowing
about Marketing Strategy, Indian
IT trends and Best Practices to be
adopted while kick-starting
company can utilize the
information provided in these
blogs

Technology Trends

CEO Speak




                        www.ipott.com
                        info@ipott.com




                                         2|P a g e
                                                                  DN: 007/GG/2012 V1.0    Copyright © 2012 iPOTT

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A Successful Feature behind a Benefit

  • 1. iPOTT 10-Feb-12 Getting you there… A Successful Feature behind a Benefit Go Goal This is no word game but the very meaning of the two words feature and benefit is different. Sometimes Product Entrepreneurs fail to differentiate between these two aspects Set, Get, Go… of their own product or innovation which creates scope for ambiguity and lack of charisma during product launches and To visit this blog Click here. promotions. iPOTT being an end to end Speaking in general, benefit is the result of a feature. For provider of innovative and cost instance, the basic features of a cell phone include texting, effective services in the areas of calling, internet and camera. The benefits of having these knowledge management, sales features include social networking on internet or connecting a enablement and consulting offers PC to internet using Bluetooth on cell phone. a unique and unbiased platform for software product companies Let me apply this to an innovation. Let us say it is a lab-on-chip worldwide to reach their target which supports detection of 20 different diseases. It is a markets feature. The advantage of using the lab-on-chip is it reduces need for laboratory equipment required to conduct tedious tests on blood samples and it is not prone to human-errors. www.ipott.com That is a benefit. What are the types of diseases detected? info@ipott.com That is a feature again, but the lesser amount of time taken by the device to perform the test is a benefit. Fundamental idea of marketing a product is to highlight its features and benefits. Many products have identical features, so what makes a product stand out of crowd at the end of day. It is appeal to product, its relevance, pricing and positioning in market. Appearance matters in crowd. Sometimes, feature by itself maybe a benefit for certain users. This is influenced by the availability of similar products in the same market. Too many products offering similar services will eliminate space for benefits as people do not perceive them as benefits any longer but as features. Market is constantly 1|P a g e DN: 007/GG/2012 V1.0 Copyright © 2012 iPOTT
  • 2. iPOTT Getting you there… growing with people gaining more and more awareness. This has resulted in increasing needs and more demands. This creates scope for more product innovations to fulfill that extra Go Goal need in users that the current product could not address. Set, Get, Go… The overall concept however is that in Marketing strategy a product is the core and highlighting its uniqueness is critical to To visit this blog Click here. stand out in crowd. Features add to the uniqueness of the product. It enhances the way a product associates itself with We have blogs targeting a range of the user’s psyche. Sometimes, brand name and emotional audience starting from potential value attached to the product itself act as motivators to buy product innovators to CEOs product and therefore it is adding to the benefit cult. Audience interested in knowing about Marketing Strategy, Indian IT trends and Best Practices to be adopted while kick-starting company can utilize the information provided in these blogs Technology Trends CEO Speak www.ipott.com info@ipott.com 2|P a g e DN: 007/GG/2012 V1.0 Copyright © 2012 iPOTT