Differences between marketing
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Marketing focuses on understanding customer needs and developing products to meet those needs. It views the business as satisfying customers and takes an outside-in perspective. Marketing includes various activities before and after sale to ensure customer satisfaction. Selling focuses on moving existing products to customers and views the business as producing goods. It takes an inside-out perspective and emphasizes exchanging products for money without ensuring long-term customer value or satisfaction. Selling is a narrower concept that occurs after production. The key differences are that marketing starts with the customer while selling starts with the product, marketing aims to satisfy customers as the purpose of business while selling aims to make sales and profit, and marketing involves various pre- and post-sale activities
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Chapter 5ppt small business and their importance.pptx
Differences between marketing
- 1. DIFFERENCES BETWEEN MARKETING & SELLING<br />Compiled by : Prof.(Dr.) Sameer Sharma, Amity University, NOIDA.<br />S.<br />No.<br />Marketing<br />S.<br />No.<br />Sales<br />1<br />Marketing starts with the buyer and focuses<br />constantly on buyer’s needs.<br />1<br />Selling starts with the seller and is preoccupied all<br />the time with the seller’s needs.<br />2<br />Seeks to convert “customer needs” into<br />‘products’.<br />2<br />Seeks to convert ‘products’ into “Cash”.<br />3<br />Views business as a customer satisfying process.<br />3<br />Views business as a goods producing process.<br />4<br />Marketing effort leads to the products that thecustomers actually want to buy in their owninterest.<br />4<br />The company makes the product first and then<br />figures out how to sell it and make a profit.<br />5<br />Marketing communication is looked upon as atool for communicating the benefits/ satisfactionsprovided by the product<br />5<br />Seller’s<br />motives<br />dominate<br />marketing<br />communication (promotions).<br />6<br />Consumers determine the price; price determines<br />costs.<br />6<br />Cost determines the price.<br />7<br />Marketing views the customer as the very purposeof the business. It sees the business from the pointof view of the customer.<br />Customer consciousness permeates the entireorganization – all departments, all the people andall the time.<br />7<br />Selling views the customer as the last link in the<br />business.<br />8<br />‘Customer satisfaction’ is the primary motive.<br />8<br />‘Sales’ is the primary motive.<br />9<br />External market orientation.<br />9<br />Internal company orientation.<br />10<br />Marketing concept takes an outside in perspective10<br />Selling concept takes aninside-out perspective.<br />11<br />It is a broad composite and worldwide concept,<br />more so in this era of globalisation.<br />11<br />It is a narrow concept related to product, seller and<br />sales activity.<br />12<br />Marketing is more ‘pull’ than ‘push’.<br />12<br />Selling involves ‘push’ strategy.<br />13<br />Marketing begins much before the production ofgoods and services, i.e. with identification ofcustomers’ needs. It continues even after the saleto ensure customer satisfaction through after salesservices.<br />13<br />Selling comes after production and ends with the<br />delivery of the product and collection of payment.<br />14<br />Marketing has a wider connotation and includesmany activities like marketing research, productplanning & development, pricing, promotion,distribution, selling etc.<br />14<br />Selling is a part of marketing.<br />15<br />It concerns itself primarily and truly with the‘value satisfactions’ that should flow to thecustomer from the exchange.<br />15<br />It over emphasizes “the exchange’ aspect, withoutcaring for the ‘value satisfactions’ inherent in theexchange.<br />16<br />It assumes: “Let the seller beware”.<br />16<br />It assumes: “Let the buyer beware”.<br />17<br />Marketing generally has a matrix type of<br />organizational structure.<br />17<br />It has a functional structure.<br />18<br />The main job is to find the right products for your<br />customers.<br />18<br />The main job is to find the customers for your<br />products.<br />19<br />The mindset is “What is that we can make here orsource from outside to satisfy the needs of thetarget customers”.<br />19<br />The mindset is “Hook the customer”.<br />20<br />Conceptual and analytical skills are required.<br />20<br />Selling and conversational skills are required<br />What was required to sell that product? <br />Answer: To sell something, you must <br />have a customer first. Selling begins with <br />a product or a service, whereas <br />marketing begins with the customer.<br />Market: A place where items are brought and sold<br />Marketing : Steps and processes in <br />getting the product from the producer <br />to the consumer<br />