Harvard Business School’s Theodore Levitt (1925-2006) wrote in Marketing for Business Growth (1974):
“Why do people buy products? Leo McGivena once said, ‘Last year one million quarter-inch drill bits were sold—not because people wanted quarter-inch drills, but because they wanted quarter-inch holes.’ People don’t buy products, they buy the expectation of benefits.”
Leo McGivena (1896-1980) worked in advertising. It is not known when he first made the saying.
“Don’t sell drills—sell holes” is a shortened form of the saying.
Wikiquote: Theodore Levitt
Theodore Levitt (March 1, 1925, Vollmerz, Main-Kinzig-Kreis, Germany – June 28, 2006, Belmont, Massachusetts) was an American economist and professor at Harvard Business School.
People don’t want to buy a quarter-inch drill, they want a quarter-inch hole.
. Dick Martin (2009). Secrets of the marketing masters: what the best marketers doand why it works. Amacom. p. 74. ISBN 978-0-8144-0943-5.; Clayton M. Christensen, Michael E. Raynor (2003). The innovator’s solution: creating and sustaining successful growth. Harvard Business School Publishing Corporation. p. 99. ISBN 1-57851-852-0.
Marketing for Business Growth
By Theodore Levitt
New York, NY: McGraw-Hill
Why do people buy products? Leo McGivena once said, “Last year one million quarter-inch drill bits were sold—not because people wanted quarter-inch drills, but because they wanted quarter-inch holes.” People don’t buy products, they buy the expectation of benefits.
19 March 1981, The Times-News (Hendersonville, NC), “Business Mirror: America SuffersFrom Shortfall Of Wisdom” by John Cunniff (AP Business News Analyst), pg. 14, col. 3:
1. Know your business. “It isn’t determined by products or profits,” he said, citing an observation by Harvard’s Theodore Levitt that drill makers sell holes, not drills, and another by the inventor of the reaper, Cyrus McCormick, that his product was economics, not reapers.
New, Expanded Edition
By Theodore Levitt
New York, NY: The Free Press
It is characterized by Leo McGinneva’s famous clarification about why people buy quarter-inch drill bits: “They don’t want quarter-inch bits. They want quarter-inch holes.”
From Employee to Entrepreneur:
How to Turn Your Experience Into a Fortune
By Richard Worzel
Toronto, ON: Key Porter Books
If you’re trying to sell drills, you’ll probably fail. If you sell holes, then you’ve improved your chances immeasurably.
Don’t sell drills, sell holes in walls. Sell what you can do for the customer rather than the features of your product or service.
3:08 AM - 22 May 2009
June 2, 2015
Don’t Sell Drills, Sell Holes
With Product Life Nearing Infinity, You’d Better Be Selling Solutions Rather Than Things
BY HOWARD TULLMAN
One of the oldest clichés in business school is the statement that “customers want ¼-inch holes, not ¼-inch drills.” That’s a pithy way of reinforcing the idea that your primary focus and messaging in presenting your product or service to the customer-; and ultimately, properly setting and meeting customer expectations-; should be as closely aligned as possible with the results and benefits they seek. People don’t want copiers; they want clean, quick and inexpensive copies from machines that never break, jam or run out of toner.
Matthew Roszak on Bitcoin’s Killer App: “Don’t Sell Drills, Sell Holes.”
by JACOB DONNELLY on AUGUST 18, 2015
I had the pleasure of talking with Matthew Roszak, Founding Partner of Tally Capital, for an interview series on my newsletter,
“There’s an old adage in business that says, ‘Don’t sell drills, sell holes.’ Consumers and businesses are looking for solutions that leverage this new technology and some of its keystone attributes of security, privacy and decentralization.”