Think of your most recent purchases. What were they? What do you like most about them, or what made you decide to buy them? Perhaps some of your purchases were things like gas for your car (you appreciate being able to get from point “a” to point “b”), lunch (you LOVE the taste of fresh veggie fajitas), and flip flops (great color and so comfortable). Now let's go back- when I asked about your most recent purchases, did you consider any that were for intangible items and services? I bet 90% of you say “no,” and the reason is that for many of these, there is nothing for you to touch, taste, smell, and see; therefore, it’s harder for you to think about these items as actual purchases since you can’t picture them, or their benefits, in your mind (you can't exactly taste or smell what good health insurance is, right?). If you are in a company that sells services, this should give you pause. With few or no tangible characteristics to what you are selling, it is harder for you to differentiate yourselves from your competition. Your customers instead have to consider price, reliability, customer service, and performance when they decide to buy from you.