What is product knowledge? Tips for developing effective product training

What is product knowledge? Tips for developing effective product training

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Absorb LMS

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If you’re a fan of Parks and Recreation, you might remember Ron Swanson striding into a hardware store, sidestepping an eager employee with a confident, “I know more than you.” While funny, the moment highlights an undeniable truth in sales: product knowledge builds trust with customers. 

In fact, nearly every business function relies on solid product knowledge. Whether you’re in sales, customer support, or human resources, understanding your product inside and out is key. It helps you handle tough questions, solve complex issues, and lead effective training. 

In this blog, we’ll cover what product knowledge means, explore its types, and share tips for developing product knowledge training that sticks. You’ll get practical strategies to help your team feel confident and ready to sell. 

What is product knowledge? 

At its core, product knowledge is how well an employee understands what they’re selling. This includes its features, benefits, uses, and pricing. But it goes deeper than that. Product knowledge encompasses a solid understanding of external factors—like how the product fits into customers’ lives and stacks up against competitors. 

Why product knowledge matters 

With solid product knowledge, your team can communicate its value with clarity and confidence. Here are examples that showcase the power of product knowledge in action. 

Let’s say one of your sales representatives is on a call, about to close a big deal. The prospect, still hesitant, asks a specific question about the product’s features. Instead of answering confidently, the rep stumbles over the details. This uncertainty derails the conversation, leaving the prospect questioning their trust in the rep—and, worse, the product. 

Next, picture a customer support agent helping someone frustrated with a malfunctioning product. Rather than providing clear answers, the agent fumbles, escalating the frustration. Not ideal, right? 

Strong product knowledge can help avoid these situations. When your team fully knows what they’re selling, they can handle questions, troubleshoot issues, and build trust with customers. And that trust is what encourages customers to buy your product and recommend your brand to others. 

Types of product knowledge 

Product knowledge goes beyond just knowing the specs. It includes different elements that create a well-rounded, expert team. Here’s a look at different types of product knowledge that are essential to know. 

Customer knowledge 

Customer knowledge is about knowing who uses your product—and why. Ask questions like: What pain points does your product address? What challenges do your customers face? What features do they value most? By grasping what truly matters to them, you can offer tailored and relevant solutions. 

Competitive knowledge 

Today, being good isn’t enough. You need to know why you’re better than the competition. Competitive knowledge means understanding the strengths and weaknesses of similar products and explaining why yours stands out. Knowing this information gives your team the edge to close the deal when customers start comparison shopping. 

Industry knowledge 

Industry knowledge puts your product in context. Understanding industry trends, regulations, and challenges helps you anticipate customer questions and answer them confidently. This insight builds rapport and positions you as a trusted advisor. 

Brand and policy awareness 

Finally, your team should know your brand’s story, values, and policies. From your company’s mission to return policies, this awareness keeps messaging consistent and strengthens your brand. 

Benefits of strong product knowledge 

When your company has product knowledge in spades, the benefits ripple across your business. Sales pitches hit the mark, customer service resolves issues effortlessly, and marketing creates messages that truly resonate. 

Here are some of the most impactful advantages of strong product knowledge: 

Better sales performance 

Sales teams that know the product inside out can effectively address customer needs. They can confidently explain how its features solve problems and handle questions with ease. That, in turn, can lead to more sales and, ultimately, more revenue. 

Improving customer support 

When an issue arises, customers don’t just want help—they want fast and easy solutions. A well-trained support team knows the product, tackles problems promptly, and reassures customers. 

Building customer trust and loyalty 

When your employees show expertise, it builds trust that’s crucial for customer loyalty. When customers trust your team, they’re more likely to return and recommend your brand. Word-of-mouth referrals are powerful, and strong product knowledge is key to making them happen. 

How to develop effective product knowledge training 

Clearly, product knowledge matters—a lot. So, how can you improve it across your company? We’ve outlined the key steps to building a stellar training program that’s engaging. 

Step 1: Conduct hands-on training sessions 

One of the best ways to enhance product knowledge is through hands-on training. Product demos or shadowing sessions with experienced team members let your staff experience the product in action. 

The more familiar they are with your product, the more confidence they'll have with customers. So, here’s a tip: schedule ongoing sessions where employees can practice hands-on and ask questions in a supportive environment. 

Step 2: Embrace microlearning techniques 

Another tactic for enhancing product knowledge: start small. By that, we mean breaking product knowledge training into digestible, bite-sized chunks. This ensures employees absorb information more easily over time.

Avoid overwhelming your team with lengthy sessions. Deliver shorter modules that focus on specific product features or benefits. This approach is beneficial for busy teams that need to learn on the go. Mobile apps or online learning modules can deliver these lessons conveniently.

Step 3: Personalize training for different roles

Tailor your training to reflect the needs of different roles. Customization makes learning more relevant, helping employees grasp the pertinent aspects of the product. For instance, sales staff may need a session focused on competitive advantages. Customer support, on the other hand, could benefit from troubleshooting techniques.

Step 4: Incorporate regular knowledge refreshers  

Product knowledge isn’t something you learn once and then forget. Regular refresher sessions or knowledge checks keep everyone updated with the latest changes. Consider scheduling refreshers quarterly or biannually, depending on how often your product is updated.

Step 5: Use role-playing scenarios

Role-playing exercises are a great way to simulate real-life customer interactions. Along with building product knowledge, it prepares teams to deal with customers. Create scenarios your team might face and encourage them to respond, with feedback on hand.

Step 6: Create resource guides

Develop easy-to-use resource guides your employees can reference. This gives them the information they need, even after product knowledge training is done. Examples include manuals, troubleshooting tips, and links to educational videos. Store these resources in a centralized location for easy access.

Common roadblocks in product knowledge training

Even the best product knowledge training can hit some bumps. Here are a few common roadblocks—and tips on how to tackle them:

Information overload

Resist the urge to cover every detail about your product upfront. Overloading your team with information can lead to confusion and overlooked details. Start with the most crucial aspects and build knowledge over time. Incorporate microlearning and hands-on sessions to reinforce understanding in manageable chunks. 

Engaging diverse learning styles  

Some employees prefer hands-on practice, while others are visual learners. To accommodate this diversity, switch up your training methods. Use a mix of training videos, interactive workshops, and quizzes to reflect different learning preferences. This keeps sessions engaging for everyone. 

Measuring knowledge retention 

Assessing how much employees retain after training is a challenge. Implement regular assessments or quizzes to test understanding. Try gamification elements, such as leaderboards or rewards, to motivate employees and spark a friendly competitive spirit.

The final word on product knowledge  

Product knowledge is much more than simply knowing the facts. It equips your teams with the tools they need to create real connections with customers and communicate the value of your product. By investing in product knowledge training, you’re setting your team—and your business—up for lasting success. 

Frequently asked questions

Why is product knowledge important?  

Product knowledge gives your employees the confidence to communicate value clearly, address customer concerns, and provide effective solutions. This expertise builds trust, creates positive customer experiences, and drives business success.

How can I improve product knowledge training? 

To improve training, conduct hands-on sessions, apply microlearning, and personalize content for different roles. Incorporate regular refreshers and role-playing scenarios, and create easily accessible resource guides. This keeps employees informed and confident in their product knowledge.

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