Tuesday, 21 October 2014

Difference Between Marketing & Sales






Do you know what the difference between sales and marketing is? Let’s have a bird eye view on this question for a second. Without marketing no customer or leads to follow up, but yet without a good sales technique and strategy your closing rate may depress. Marketing and sales must work closely with each other, but most companies have separate units that do not even speak to each other.

If we divide the fundamentals, marketing is everything you do to reach and persuade prospects and the sales process is everything that you do to close the sale and get a signed treaty or agreement. Both are needs to the success of a business. You cannot do without either process. If you work for strategically combining both efforts you will experience a successful amount of business growth. However, for the same reason, if the efforts are unbalanced or departments do not communicate may deviate business growth.

Your marketing should consist of strategies that you can measure your reach and works to convince your prospects that you are the one for them. It's the message that makes your customers for sale. It may consist of promotion, PR, brand marketing, affiliation marketing, viral marketing, DM and social media marketing

The sales process consists of interpersonal interaction. It is often accomplished by a meeting one-on-one, cold calling and networking. It is something that engages you with the prospect or customer on a personal level rather than at a distance. Most of the time the prospect or potential customer has taken you through marketing efforts.

I like to think of it like this, your marketing efforts activate the procedure of the eight contacts that studies show it takes to move a prospect or potential customer to closing the sale. If marketing is done effectively you can begin to move that prospect from a cold state to a warm lead cable. When the prospect hits the level of "hot" is much easier for the sales professional or sales department nearby for sale

Do you see the cycle?

Studies have shown that multiple contacts using both sales and marketing to move the prospect from one level to another are needed. That's why it is important that you develop a process that combines both sales and marketing. This will allow you to reach prospects at all three stages; cold, warm, and hot. It's all about balance. Make sure you have combined the two, sales and marketing. They are not a single body. If they are different departments, departments should speak and communicate in order to be effective.

Not sure how to integrate marketing and sales?

Try this. Take a few minutes and divide your prospect lists and database into categories of cold, warm and hot leads. Then sit down and determine a strategy on how to proceed with each individual group.
For example, you could try the following contact methods:

Cold Lead Strategy - Send a direct mail promotion or special offer
Hot Lead Strategy - Try a follow up call, send a sales letter, or schedule a special seminar or training session for all of your warm leads together.

Once you have moved your prospect to the "warm" level it is time to proceed with the closing of the sale, call if you want to pass the baton. This will be easier to do if you are involved in some way perspective. You can do this by making a call from one-on-one, make a presentation or submit a proposal, estimate or contract.

What if you do not feel comfortable with the process of selling or marketing?

An alternative that is often successful is to partner with someone who has the talents you feel you lack. If you are stronger in marketing, search for the one who knows and aware of the sales process. If you are best in sales to find someone that can help support the message, craft marketing tackles that sell and give you the tactics and ideas. If you work in a company that consists of departments and is working alone you can do this by creating a partnership, outsourcing or hiring that talent.


Remember that the key to success in marketing and sales is balance!

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