Very
often, the terms sales and marketing are used interchangeably, as if they were
the same word or have the same meaning. Even
though they both share the same goal, which is to generate revenue for a
company, they are actually two different functions. My goal is to get you to understand why by
the time you’re done reading this article.
People
who fail at sales try to idealize the product they’re attempting to sell by
making it appear more desirable to the potential buyer, rather than making the buyer
realize that they need the product, even if the need is artificial. A good sales person knows what motivates
people to buy and utilizes the power of persuasion to execute that process.
Marketing,
on the other hand, is more about defining the value rather than the product
itself. Marketing is not forced, but
rather nurtured. Sales translates
literally to the act of selling.
Marketing is the act of promoting products or services, including market
research and advertising. Marketing is a
much more involved process that involves developing a relationship with the
buyer.
In
other words, sales is the process in which the customer is made aware of their
need for the product, whereas marketing develops the need for the product and
fulfills the customer’s needs by presenting the product.
Marketing
involves a variety of tools in promoting products to the marketplace, such as
advertising, trademarks, slogans, packaging, celebrity endorsement, websites and
other forms of media exposure. Another
distinction between the two is that sales is typically targeted at one
individual or small group whereas marketing seeks to inform many people - an
entire market, industry or even the world.
·
Marketing
= identifying and fulfilling the needs of the customer
·
Sales
= Convincing people to buy the product
Selling
is actually a part of marketing but not the other way around. Marketing facilitates the process of
identifying the needs of customers, promoting products by creating awareness
and generating leads. Sales is the
process in which a lead or prospect converts to an actual purchase. Marketing is aimed at achieving long-term
goals whereas sales focuses more on the short-term.
Perhaps
we’re just squabbling over semantics and the difference between the two words
has evolved into what we’ve made of it and perceive them to be. Despite their commonalities, it’s safe to say
that the two are different but related to each other with the same intentions…to
sell and make money.
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