Quite a basic idea really… but is it so?? What exactly is marketing?
One of the definitions of marketing which I love is ” 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.”(American Marketing Association)
Thus the cost of the product is enhanced by Y units owing to marketing, hence if it does not convert its purpose of getting sold to the consumer – Marketing is merely a cost exercise.Rather than enhancing a product’s competitiveness, it does quite the contrary.
 

I came across a definition of selling in one of the blogs as ” a transaction that adds value to the buyer by meeting their needs and results in mutual benefit for the seller and buyer”, which I found to be essentially true. The whole purpose of marketing should be to enhance the buying experience and making the customer realise the value creation involved for him, that essentially is what is better known as effective marketing.

Selling is always a result of effective direct or indirect marketing. While every marketing campaign may not be successful , an effective marketing campaign can always be related directly with sales.
So in brief Effective Marketing = Selling. And besides if you can’t sell, are you a marketeer?
 
Food for thought: Does marketing also lead to parallel value destruction ?
Tags:

You might like reading:

Marketing to Millennials – How to succeed ?

Millennials have captured the world’s imagination. Often called Gen Y, researchers identify millennials as those born between early 1980s and early 2000s although there is no clear definition yet. Millennials have confounded recruiters, marketers and even politicians. This article looks at some of the lifestyle preferences of Generation Y and how it is forcing marketers to reposition their brands and […]

0 comments

IMM Comics: Problems of MBA guy in inflation

Our MBA guy faces lots of problems due to inflation. Are you also facing them? Tags: inflation problems

0 comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Follow us

©2010-2023 IdeasMakeMarket.com |Contact Us | T&C | Privacy Policy

 

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

or    

Forgot your details?

Create Account