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1.05 Product Knowledge.

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Presentation on theme: "1.05 Product Knowledge."— Presentation transcript:

1 1.05 Product Knowledge

2 Motivation to Attend Events
Cultural Norms/Values Popular Athletes Significant Others html

3 Other Reasons to Attend Events
Low ticket values High scoring event Media coverage Unpredictability = entertainment html

4 Terms Feature: physical characteristic of product
Benefit: what need the product fills for the customer Unique selling proposition: the one reason a product is different/better than competition Feature-benefit selling: matching characteristics of product to customer’s needs & wants Feature-benefit chart: lists benefits side-by- side with features html

5 Sources of Feature/Benefit Info
Sales people Product literature Consumer review web sites Internet discussion boards

6 Obvious benefit Immediately apparent to consumer

7 Unique benefit Sets product apart from competition

8 Hidden benefit Not immediately apparent to producer and/or consumer

9 Feature-benefit chart for a product

10 Telephone Orders Introduce yourself Offer specials
Write down the order Thank the customer


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