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:

Can all Entrepreneurs be in same team?

Entrepreneur is someone who takes initiatives and runs a startup. He is the brain behind the latest buzz in every magazine in town about the revolutionary business idea. Sounds great, right? The question is: Would you like each of your team members to be an entrepreneur? That brings us to the perennial question of having just one Entrepreneur vs. multiple […]

0 comments

CSR: Business Strategy for sustainable development

As a reader you might be thinking sustainable development in terms of development of the larger society. An example will be a large corporate doing philanthropy for destitute in a natural resource laden tribal area where they have mining interest or some other interest. Does sustainable development for larger society includes sustainable development of the business itself? Do we assume that […]

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