Marketing Information |
What IS the Difference Between Marketing and Sales?
There seems to be a never ending argument among marketing andsales professionals as to what really is the difference betweenmarketing and sales functions. More often than not, bothbusiness activity terms are used to describe any businessactivity that is involved in increasing revenues. For smallbusinesses, with limited resources, there often is no practicaldifference in marketing and sales functions, all revenuegenerating activities are typically implemented by the samepersonnel. As a company grows in revenues and number of personnel, ittypically follows a logical business function progression of"specialization", a process where the lines between moregeneric, departmental descriptions and functions became muchmore definitive and associated functional responsibilitiesbecome much more focused. Marketing and sales functions are noexception. Marketing and sales functions are diverse yet veryinterdependent. Typically "sales" cannot exceed revenueobjectives without an effective marketing planning and support,and "marketing" directives ultimately becomes useless withoutsales to implement the plan. Like many complex business issues, it is sometimes easier todefine something by what it's NOT as it is to define it by whatit is. Let's take a closer look at marketing to better definewhat sales is not. Simply defining "marketing" as the "Four P's", product, price,place and promotion, based on your Marketing 101 class incollege is not practical in today's global markets. In ageneral sense, marketing is more theoretic than sales, focusedon purchase causality and is more prescriptive in purpose thandescriptive. Marketing involves micro and macro market analysisfocused on strategic intentions where sales is driven more bytactical challenges and customer relations. Let's take a closerlook at how marketing is truly different from sales: Marketing responsibilities are distinct from sales in thatmarketing: * Establishes and justifies the company's best competitiveposition within a market * Initially creates, helps sustain, and rigorously interpretscustomer relationships * Locates and profiles potential markets and key participantswithin * Generates quality sales leads * Develops effective selling tools * Formally analyzes and tracks competitor's business strategiesand tactics * Defines, prioritizes and justifies new product or serviceimprovements and developments * Promotes an explicit company product or service image * Facilitates information transfer from customers to the rest ofthe company * Simplifies the customer's product or service procurementprocess A full time Marketing Manager would be responsible for thefollowing tasks: New Product Rollouts: Agency Evaluation: Customer Database Management: Market Research: Pricing Analysis: Product Audits: Public Relations: Trade Shows: Product Promotions: Marketing Communications: Media Selection: Internal Communications: International Marketing: Strategic Planning: Board Meeting Participation: Corporate Vision Statement: Corporate Identity and Image: To a "pure" marketer, the marketing role in a company is notjust a business function, but a business philosophy. Aneffective marketer truly believes "dominating" their targetmarket is "owning" their market. The more a marketer can do tomaintain market leadership the more effective they areperceived within the organization and within the industry. As customer retention has become more of a business priority inour intensifying competitive markets, the marketing functionhas evolved from influencing potential customers to involvingthem the company's business planning and advancement. Effectivemarketing also has blurred the distinction between product andservice and continues to apply more influence on the company'ssales representation priorities. In conclusion, marketing and sales functions are deeply rootedin each other's purpose and revenue growth intentions. Thereare few functional areas in business that relate more to eachother. So the next time you hear someone say the word "sales",when the appropriate description would have been "marketing",or vise versa, think of this article and choose from any one ofthese documented business functions to make your point ofdistinction! About the Author: Mark Smock is President of http://www.business-buyer-directory.com, theFIRST international business buyer directory of its kind.Business Buyer Directory provides a non-traditional means forproactive business buyers to locate businesses for saleworldwide that meet their exact registered purchase criteria.
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
RELATED ARTICLES
Mortgage Marketing to Realtors - Creating a Memorable Positioning Statement Mortgage marketing to Realtors involves having a crystal clear position that establishes credibility, so that you can develop a consistent dialogue with prospects and guide them at every stage of the relationship building process.Declaring your position begins with creating a Positioning Statement. Digital Printing vs. Press Printing - A Comparison Guide When it comes time to print your brand identity materials, there's one overarching question for you to consider - whether to print the resulting materials on a digital printer or traditional press. There are many differences between the two processes, some of which are outlined below. The Name Game Pop quiz! If you have to say goodbye to your hard earned money to purchase something you've always wanted, who would you rather trust: an unknown provider or one who has an established name in the industry?The answer to that question shows how important branding has become in recent years. And consequently, brand building has taken an equal significance. 4 Steps To Increase Your Job Sign Marketing It's no secret that using a job site sign can be an effective way to market your company's services to neighborhood homeowners. But most job sign marketing isn't done as effectively as it could be. The Power of because... "Do it!", "Do it now!", or "Do it because.. Get Results: Start with Your Marketing Message and Objective Recently I was talking with a very bright traditional marketer on the value of integrating Internet marketing into an enterprise's marketing mix. Personally, I have witnessed significant and measurable increases in the online results of an enterprise when they include traditional marketing strategies like direct mail, radio, television or publicity with their internet marketing strategies. How to Use Marketing Judo to Beat Big Competitors If yours is a small business and you have big or even huge competitors, you may be laying awake at night wondering how can you possibly beat them. You can't out-advertise them, or out-promote them, and you probably won't be able beat to its prices. 19 Ways To Attract Higher Paying Clients Some people have little difficulty attracting and maintaining clients who have higher discretionary funds to spend for solutions. Others can't get to first base. So You Want To Cut The Crap And Get Into The Money? So, you´ve been around for a while, and maybe even made a few bucks, but you still need something.. Direct Mail - Dont Assume, Just Test and Track Where to Start:Most novice marketers have definite fixed ideas about direct mail that are way off base - most often in the area of what to spend and how much to do. You should determine what you are able to spend for your marketing budget, spend it, and determine the maximum number of leads that you can create. Client or Customer? There Really Is A Difference Some people use the words "client" and "customer" interchangeably or generically. I'd like you to think a little about these important words because there is a significant difference - one that can have huge impact upon your long-term business. Wooing Women With Packaging In just one month three California vineyards have introduced new wine product lines specifically targeted to women. The product offerings are intriguing with names such as "White Lie" and "Mad Housewife" to the latest introduction "Working Girl White. Financial Services Marketing Insights: A Marketing Compass What we now call "marketing" began long before the name was coined. In the mid-1800s, traveling salesmen dressed "snake oil" and other tonics in fancy packaging and extolled their virtues to a gullible public. 6 MUST Have Strategies To Make Big Bucks with Big Ticket Items Strategy #1: Change Your Mindset That's right, change your mindset! It's probably the number one most important strategy when selling Big Ticket Items. Plenty of people are uncomfortable selling items that are priced above the $500 - $1000 mark. Does Your Marketing Pass This 10-Point Test? Good marketing, whatever form it takes, always meets certain criteria. That's what makes it good. How to Take Your Law Firm to the Next Level How to Take Your Law Firm to the Next LevelThird in a series of three articlesSO you've done such a good job at bringing in new clients to your firm that you're swamped with business, your firm is large and growing, and all parts of your marketing system are in place and running smoothly? Congratulations!If you can confidently answer "yes!" to the following metrics, then you're ready to take your practice to the next level:? Is your firm's mission perfectly aligned with your market?? Do your marketing efforts create exactly the relationship your customers most want and need?? Are your services well packaged, presented with a What's In It For Me? punch, and priced at various levels?? Do you know exactly where and how to promote your firm's services?? Does your marketing system routinely and predictably create the kinds of new customers your business requires?What happens next in many successful firms, however, is not good news. Instead of sticking with what's created success in the first place, the focus shifts away from a marketing mindset. Marketing Quandaries Being in a quandary prevents you from moving forward in developing and marketing your business. When we're in a quandary, we are in a state of perplexity and doubt. Networking: The Cost of a Connection "Networking is a waste of time," said JoAnne, owner of a busy print shop. "Besides, I advertise in the daily paper. Direct Marketing Puts Information In The Buyer's Hands Direct marketing is advertising from a manufacturer or front-end supplier directed to the ultimate consumer of a product or service. Another way of looking at direct marketing is selling to a consumer directly, whether is from a printed magazine campaign, TV or radio spot, or from a direct mail package. How To Get Celebrities To Endorse YOUR Product How would you like celebrities to endorse your product?Perhaps that sounds crazy. Well, here's the info. |
home | site map | contact us |