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Product Knowledge. 1.05. Motivation to Attend Events. Cultural Norms/Values Popular Athletes Significant Others. Other Reasons to Attend Events. Low ticket values High scoring event Media coverage Unpredictability = entertainment. Terms. Feature: physical characteristic of product
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Product Knowledge 1.05
Motivation to Attend Events • Cultural Norms/Values • Popular Athletes • Significant Others
Other Reasons to Attend Events • Low ticket values • High scoring event • Media coverage • Unpredictability = entertainment
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
Sources of Feature/Benefit Info Sales people Product literature Consumer review web sites Internet discussion boards
Obvious benefit Immediately apparent to consumer
Unique benefit Sets product apart from competition
Hidden benefit Not immediately apparent to producer and/or consumer
Telephone Orders • Introduce yourself • Offer specials • Write down the order • Thank the customer