To most Christians these are familiar words. When I was young old preachers described this verse as 'the gospel in a nutshell'. They meant that this one verse sums up the good news of what Christianity is all about in 25 words.
If you count 12 words from the start of the verse the next word is SON
If you could 12 words from the end the next word is SON
Do you think it is significant that the central word of the verse is SON, I do? Jesus Christ, the SON of God is central to the Christian message.
He was born of a virgin girl as predicted in the Bible.
He is the perfect Son of God but he lived for 33 years in an imperfect world and contrary to all the norms of life he was perfect and faultless - the Bible calls it, sinless.
He lived a life to display what God is like. The Bible describes Him as God revealed in flesh.
He died for our sins. The Bible says this in numerous places i.e. 'Christ died for the ungodly' (Romans.5.6), 'while we were yet sinners, Christ died for us' (Romans.5.8).
He is the only way of salvation. The Bible says 'neither is there salvation in any other: for there is no other name under heaven given among men, whereby we must be saved'
Finally one of the ways of reading the verse that was explained to me was to insert your name into the text. It makes the verse keenly personal to you. Why not try it but best of all believe it.
For God so loved Stephen Baker that he gave his only begotten Son that if Stephen Baker believes in him Stephen Baker should not perish but have everlasting life.
By the way the verse is written to apply to all. If it had my name in it it would exclude you. If your name was there it would exclude me but it says WHOSOEVER which means it includes everyone.