Have you done a F.A.B. analysis of your business?
Going back to marketing 101, students are taught to take a product and break it down into Features, Advantages, and Benefits.
Features are the characteristics of the product/service.
Advantages describe what that feature does.
Benefits explain what's in it for the customer.
For example, let's say you were selling a waterproof tent.
Feature: Our canvas tent is coated in our patented "Never-get-wetium" coating.
Advantages: "Never-get-wetium" prevents water from seeping through the seams of the tent.
Benefits: Wake up warm and dry even in torrential downpours.
I know, it's a VERY simple example but I wanted to have a little fun with it.
Ok, so thinking about our industry, what would you say are the features, advantages and benefits of our businesses?
Put your thinking cap on and let's talk....
Barbara.
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