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Art of Marketing - intro - Difference between - Marketing & Sales ... !







MARKETING & SALES 


are both aimed at increasing revenue. They are so closely intertwined that people often don’t realize the difference between the two. Indeed, in small organizations, the same people typically perform both sales and marketing tasks. Nevertheless, marketing is different from sales and as the organization grows, the roles and responsibilities become more specialized

Let’s start with ...


Marketing

According to the American Marketing Association Board of Directors 

 the activity , set of institutions , and processes for creating ,
 communicating, delivering , and exchanging offerings
 that have value for customers , clients, partners, and 
society at large. - Approved October 2007 


Sales

 The exchange of goods or services for an amount of money or its equivalence  





              

    

Comparison chart



                     
                           
                            Marketing                     Sales

Approach        

Broader range of activities to sell product/service, client relationship etc.; determine future needs and has a strategy in place to meet those needs for the long term relationship.

makes customer demand match the products the company currently offers.
Focus             


Overall picture to promote, distribute, price products/services; fulfill customer's wants and needs through products and/or services the company can offer.



fulfill sales volume objectives
Process         



Analysis of market, distribution channels, competitive products and services; Pricing strategies; Sales tracking and market share analysis; Budget




    Usually one to one
Scope           


Market research; Advertising; Sales; Public relations; Customer service and satisfaction .



Once a product has been created for a customer need, persuade the customer to purchase the product to fulfill her needs



Horizon        



Longer term



Short term



Strategy       



pull



push




Priority      






Marketing shows how to reach to the Customers and build long lasting relationship






Selling is the ultimate result of marketing.
Identity       




Marketing targets the construction of a brand identity so that it becomes easily associated with need fulfillment.










Sales is the strategy of meeting needs in an opportunistic, individual method, driven by human interaction. There's no premise of brand identity,
longevity or continuity. It's simply the ability to meet a need at the right time.
SELLING

1 - Emphasis is on the product

2 - Company Manufactures the product first

3 - Management is sales volume oriented

4 - Planning is short-run-oriented in terms of today’s products and markets

5 - Stresses needs of seller

6 - Views business as a good producing process

7 - Emphasis on staying with existing technology and reducing costs

8 - Different departments work as in a highly separate water tight compartments

9 - Cost determines Price

10 - Selling views customer as a last link in business


MARKETING

1 -  Emphasis on consumer needs wants

2 - Company first determines customers needs and wants and then
 decides out how to deliver a product to   satisfy these wants

3 - Management is profit oriented

4 - Planning is long-run-oriented in today’s products and terms
 of new products, tomorrow’s markets and   future growth

5 - Stresses needs and wants of buyers

6 - Views business as consumer producing process satisfying process

7 - Emphasis on innovation on every existing technology and reducing every sphere, on providing better   costs value to the customer by adopting a superior technology

8 - All departments of the business integrated manner,
 the sole purpose being generation of consumer  satisfaction

9 - Consumer determine price, price determines cost

10 - Marketing views the customer last link in business
 as the very purpose of the business

TO BE CONTINUED NEXT SATURDAY ... ! 
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