SELLING | MARKETING |
|---|---|
| Focuses on Product | Focuses on Customer Demand. |
| Let the buyer be aware | Let the seller be aware |
| Short term business planning | Long term business planning |
| Profit depends on Sales Volume | Profits depend on Customer Satisfaction |
| convincing skills are important | Communication skills are important |
| The main job is to find the right products for your customers | The main job is to find the customers of your product |
What is marketing definition? Marketing definition belongs to the actions undertaken by a company to promote the buying or selling of a product or service to satisfy the marketing demand of the customers.
Marketing definition includes advertising, branding, selling, and delivering products to consumers or other businesses to engage more customers.
Marketing is the process of creating, communicating, and delivering value to customers. It is a key aspect of business planning and management.
Marketing can be defined as the actions that companies take to identify, qualify, attract, and satisfy customers. This involves four distinct but interrelated processes:
Defining objectives for marketing activities
Developing a strategy to achieve those objectives
Implementing the strategy with appropriate tactics, technology, and people
Monitoring progress and adjusting the strategy as needed.
Marketing is a process of identifying and developing a need, satisfying that need through the introduction of products or services to meet that need, and communicating the value of your product or service to potential customers.
Marketing is all about making decisions based on data and evidence.
Marketing encompasses both product development and promotion—the two key areas in which marketers operate.
Marketing is the process of creating, communicating and delivering value to customers in order to create mutually beneficial relationships with them. It is the process of satisfying customer needs through offering a product or service that is of value to them and at an acceptable price.
Marketing is a mix of business skills, creative thinking and communication skills. The best way to understand marketing is by understanding the different types of marketing:
1) Business-to-business marketing(B2B): A type of marketing that involves selling goods to other businesses.
2) Consumer marketing(B2C): A type of marketing that involves selling goods directly to consumers, such as when you go into that big box store and buy a new shirt because it’s on sale.
3) Public relations (PR): A type of marketing that involves influencing public opinion about a company or its products or services by making people aware of it through various channels such as the media, word-of-mouth or direct mailings or other forms of publicity such as press releases.
The goals of marketing are to identify the target audience, understand their needs and wants, create attractive products and services that meet these needs and wants, and deliver them efficiently, effectively, and profitably to keep customers coming back for more.
Marketing refers to the activities undertaken by the company to buy and sell a product or service. Marketing includes online advertising, search ads, google ads, traditional marketing, affiliate marketing, SEO (Search engine optimization), and many more.
How marketing work? Marketing depends on Product, Price, Place, and Promotion are the Four Ps of marketing
Product :-
A product means an item refer by the company for sale. A product can be a service or an item both the form of virtual and physical to fulfill the consumer demand for a greater amount of a product and service that are already available.
Price:-
Price is the amount of money that your customers are willing to pay in buying goods and service.
Promotion:-
The promotion will depend on the marketing strategy. Promotion includes various activities undertaken by a company such as advertising, selling, branding, sales promotions, public relations, direct marketing, sponsorship, digital marketing, print advertisement, event, discounts, etc. Your marketing team creates to increase awareness and interest in your product, and, ultimately, generates more leads and more sales and gets the best ROI and the goal of the marketing strategy is to connect with potential customers to become easy access to products/services, as well as offer a good company experience throughout the purchasing process.
Understanding Marketing
Marketing is the practice of selling goods and services through various channels, including:
– Advertising
– Buying media such as television, radio, and print media (also called “paid media”)
– Direct selling or door-to-door sales (also called “natural media”)
TYPES OF MARKETING
Your marketing campaign depends on where your customers spend a lot of time.
Examples
° Newspaper
° Magazines
° Radio
° Television
° Digital Marketing
Newspaper :
Newspaper advertisement means being too aware of people about new products or services through newspaper advertisement but they are very costly.
Magazines :
Magazines along with newspapers are the popular print media used by advertisers to reach and also offer a highly targeted, interested audience or specific audiences.
Radio :
Radio is an effective advertising medium because it’s completely audio-based advertising on the radio is a great way to reach your target audience in age ranges from 18 to 54 and gender male or female.
Television:-
TV ads are used for ads containing national television tv channels are usually out of an entrepreneur’s and business owners are specially used for advertising a new product and branding a new product. Every station reaches every audience daily, with schedules that include cartoons, movie channels, sports, news, reality shows, and other programs.
Know a day’s digital marketing plays a very vital role in our lives because we all are connected with social media like Facebook, Twitter, Instagram, WhatsApp, snap chat, etc.
In some ways, digital marketing is not that different from traditional marketing In both, innovative organizations you’ve got a product that you need to sell, and you’re looking for ways to engage with customers to build brand awareness. You Can advertise your product online through search ads, Facebook ads, content marketing, SEO, and affiliate marketing.
Indirect Marketing
Indirect Marketing – This type of marketing uses word-of-mouth marketing tactics like referral programs, newsletters, blogs and other social media sites to attract new customers. The idea is to make it easy for consumers to share information about your brand with their friends and family members.
Direct Marketing
This type of marketing directly reaches customers through advertising or other methods such as direct mailings or press releases. It’s done in order to attract new customers by offering discounts or special offers on products or services.
Personal Selling
Personal selling involves talking with customers one-on-one about the benefits of buying from you over the competition and why they should choose you over someone else when it comes time for them to purchase something. Personal selling relies on face-to-face interactions between salespeople and their customers at least once every three months for each customer