Do you use the words
marketing and sales interchangeably? Learn the difference and have informed
conversations.
While marketing and
sales functions are interrelated and highly relevant for each other, there’s a
need to differentiate between them. For a sole proprietor or small firm, the marketing
and sales functions may overlap indistinguishably and be carried out by the
same people. However, for any sizable business, marketing and sales are
specific specializations that require distinct approaches.
Marketing (Strategic)
Marketing is a
strategic function focusing on need analysis, awareness and consumer-brand
alignment. It’s an aggregate of various units including segmentation,
targeting, positioning, marketing mix (product, price, placement, promotion,
people, processes, physical evidence) and communications mix (advertising,
personal selling, public relations, direct marketing) among others. It’s a
strategic role that defines the best way to position the organization’s
products and services in the minds of customers. The focus is on understanding and
resonating with stakeholders, building a brand and aligning cross-departmental efforts
in this direction.Sales (Tactical)
Sales on the other
hand is a tactical function that operates as the execution arm of marketing. It
is the actual act of selling the product or service in return for money or
other benefits. Sales too has a strategic element, whereby the sales personnel
have to device an appropriate plan to map demand, attract and engage prospects,
close deals and maintain relationships.
Subscribe to:
Post Comments (Atom)
Search
Popular Posts
-
Over the past few years, India has seen a sudden mushrooming of startups across various industries, specifically in the technology sector...
-
Facebook has finally allowed us to express in more ways, much beyond the ‘thumbs up’ like button. In September, Facebook CEO M...
-
Searching (often paraphrased as Googling) is an extremely important action on the World Wide Web, growing in double figures each year ...
-
This specially consolidated post of simply explained terminology puts the ultimate digital marketing glossary at your fingertips. Wo...
0 comments:
Post a Comment