Friday, January 12, 2018

Difference between Marketing & Selling



Marketing
Selling
  • Marketing includes selling and other activities like various promotional measures, marketing research, after sales services, etc
  • Selling is combined to persuasion of consumers to buy firm’s goods and services

  • It starts with the research on consumer needs, wants, preference, likes, dislikes etc and continues even after the sale have taken place.
  • Selling starts after the production process is over and ends with the handing over the money to the buyer.

  • Focus is on earning profit through maximization of customer’s satisfaction
  • Focus is on earning profit through maximization of sales
  • Customer’s need is the central point around whom all marketing activities revolve
  • All activities revolve around the product that has been produced

  • It is an integrated approach to achieve long-term goals like creating, maintaining and retaining the customers
  • Fragmented approach to achieve short-term goals
  • Stress on needs of the buyers
  • Stress on needs of the sellers
  • In marketing, the consumer is king
  • In selling the product is king

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