"They don’t want quarter-inch bits. They want quarter-inch holes."
So, the customer wants to make a quarter-inch hole for some reason. They buy a quarter-inch bit for their drill in order to achieve this. Marketing the drill bit based on its features (it fits into your drill) wouldn’t be as successful in this case as marketing it based on the benefits (you can create a quarter-inch hole).So after all of this reading, I finally distilled the difference into a sentence that I think makes it easy to distinguish between features and benefits:
A feature is what your product does; a benefit is what the customer can do with your product.
If a feature is what a product does, then isn't making quarter inch holes a feature of drill bits?