Customer Benefits - Identification
Dharmarajan Sankara Subrahmanian
Founder & CEO - Impactsure Technologies | Board Member | Certified Independent Director | Artificial Intelligence, Document Analytics | Banking, Trade Finance, Financial Services, Insurance, Corporates
In August 1997, Sony introduced the Mavica digital camera. In some respects, the new camera appeared inferior to competitive digital cameras that cost less and offered sharper pictures.
But the Mavica offered one benefit that other cameras did not. It stored pictures on floppy disks, which simplified the process of getting digital pictures out of the camera and into the customers computers.
In 1998 Mavica sales accounted for 1.1 million of the 12.2 million point and shoot cameras sold in the United States. One Sony executive explained Mavica's success in very simple terms - "When it comes to pictures, people like it easy and quick".
In fact consumers complained that existing digital cameras were hard to use, but until the Mavica came along, these complaints had fallen on deaf ears. The reason was that other digital camera manufacturers were focused on picture clarity. An executive at one of the companies later admitted that no one foresaw "the Sony Mavica taking off as it did.... because we were all concentrating on the resolution".
The Mavica story illustrates the way executives can become so focused on one benefit that they forget about other benefits that matter to customers. To prevent this from happening, marketers need to begin their analysis of decision making by answering two simple questions:
1. What benefits matter - or might matter - to potential customers.
2. How are these benefits related to each other?
Now, will the same questions matter in the current situation wherein the smart phones have taken over Digital cameras?
Yes! "When it comes to pictures, people like it easy and quick"
Source: Strategic Marketing Management, Mark E Parry
#Customer #Insights #Benefits #Marketing #Strategy #Potential #Products #Brands #Positioning #Features #Digital #Camera #SmartPhones #MSME #StartUps #
People Connector | Bookworm | Business Development Manager at EECOL Electric
4 年Its a good example of the principle. I feel like a Kodak would have had similar success with their EasyShare system, in the early day’s of struggling to manage digital images between camera and PC.
Senior Director - Financial Institutions, M1xchange
4 年Customers “...like it easy and quick” applies to most products & services. Need to periodically ask what is that new functionality that will help get there.
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4 年Polaroid Camera also offered the feature, which no others was offering! But with that the affordability was also the Question. However, I feel that if any Brands want to succeed, they need to showcase value, offer unexpected pleasant experience and works on customer delight than satisfaction, that may work wonder! ??