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:

Deepika Padukone – “My Choice”- An Advertisement

 Little had the controversy behind Deepika Padukone’s alleged ‘cleavage’ settled when she has again stormed the columns with her video that is doing more than its fair share of rounds with the name: Deepika Padukone – “My Choice”, directed by Homi Adajania, who has formerly directed films like Finding Fanny (rings a bell ?) and Cocktail. Although it is just another […]

5 comments

Development of Banking sector & Financial markets- India perspective – Part 1

The key objective of banking and financial market development is to aid economic growth and development, with stability and equity across sections of society, so that the gains of development are shared equally ( or at least less unequally) such that social and political stability is maintained on a sustainable basis. The primary role of banks and financial markets is […]

0 comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Follow us

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

 

Log in with your credentials

or    

Forgot your details?

Create Account