2015-09-30
Never mistake selling for marketing
Marketing, definitely, is a disparate discipline
from selling. There are (at least) four implicit characteristics of marketing, rarely
observed, but nevertheless of great importance in practice: 1) Branded products
only (communication needs a name to refer to), 2) Price/value relation (not
supply and demand) decide sales, 3) Positive price elasticity possible (value-enhancing
activities can increase sales), 4) Audience, not market (full value in a
limited audience only) is the primary target. Companies unaware of the
difference may get into trouble with sales people in charge of their marketing
department. To get the full story, read it all!
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