Marketing and Sales

MARKETING VS SALES
Marketing and 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.

COMPARISON CHART

MARKETING / SALES

DEFINITION
Marketing is the systematic planning, implementation and control of business activities to bring together buyers and sellers.
A sale a transaction between two parties where the buyer receives goods (tangible or intangible), services and/or assets in exchange for money. 2) An agreement between a buyer and seller on the price of a security.

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.
Make 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

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.

STRATEGY/HORIZON
Pull /Long Term
Push / Short Term


Marketing is…

1) Marketing is one to many.

2) Marketing tells the stories (company, product, etc.) to many people.

3) Marketing looks after the brand’s reputation

4) Marketing needs to keep the stories circulating and resonating with the target markets using the company’s plumb line (the business of the business) as its central reference.

5) Marketing analyses the big data. Marketing brings you the average result not the specifics.

6) Marketing studies what experience customers expect when they buy or try a product, service or solution. That means reading their digital footprint and understanding their online chatter as much as it does focus group discussions. Marketing looks for new metrics about consumer clusters and grouping. Online groups are markets of the near future as more and more people cocoon themselves and shop less.

7) Marketing should not promote special prices and discounts, instead replace these with special offers, focusing on delivering greater value – more bang for the buck is the new mantra and greater value with fair exchange is the principle of pricing today – not cost plus as it has been in the past.

Sales is…

1) Sales is about one to one.

2) Sales is where our business becomes real for the client. It is where the stories and brand come to life.

3) Sales develops relationships. It’s relationship-driven.

4) Sales looks after individuals.

5) Sales deals with the ambiguities and the details of each person. It cannot be averaged.

6) Sales analyses the behavior of the prospects and customers whom they deal with on an individual basis. Sales professionals talk to their customers about the joys of risk free offerings that help them realise their goals and objectives. They tap into their buyers’ Facebook, LinkedIn and other digital pages to gain a deeper understanding of what experiences each individual customers want.

7) Sales moves away from discussing price and discount, instead replacing these with discussions about total cost of ownership which includes price but extends to include deliveries, warranties, support, training and the other contributing things that are delivered as part of the purchase. Sales engages with customers to understand what risks they face when making a purchase and then learns how to position their companies as risk free alternatives.

The one thing sales and marketing must share in common is the company's ‘plumb line’ and its stories. From many people to the individual, the central plumb line – the business of the business – needs to be consistent and help each customer connect in a meaningful and specific manner that is relevant to their situation and their view of the world.