Pro Installer September 2013 - Issue 06 | Page 52

52 SEPTEMBER 2013 PRO INSTALLER PRO BUSINESS www.proinstaller.co.uk THE PROFITABLE DIFFERENCE: MARKETING VS SALES Both sales and marketing are ultimately about one thing: making more money. The way in which each concept approaches this ultimate goal, and the way in which an installer applies each unique perspective, can make all the difference. Often, especially in smaller businesses, the two concepts become lumped together so that neither one is properly executed, and so both become largely ineffective. What’s The Difference? In the simplest terms possible, the crucial difference between sales and marketing is that of ‘Big Picture vs Small Picture’. Marketing’s view is looking out over the entire landscape, seeing industry terrain, competition movement, customer migration patterns, business weather patterns etc, and then positioning your company to capture the largest share of the market possible. Sales’ view is about looking right in the customer’s eyes, addressing their individual needs and concerns to close that particular sale. Essentially, marketing and promotion work to entice prospective customers to come to you. Sales and personal salesmanship work to locate and put you in front of the individual customer. Logic and common sense tells us the first concept is the more effective one having customers come to you, eager for your services, is far better than having you running around all day, trying to find customers who might want what you offer, and then convincing them you’re specifically the person they want. But as we will see, sales and marketing fit together like a hand in a glove. for) a product or service. If marketing is properly executed, sales become almost a footnote in the process, a mere formality. Great Marketing does all the selling for you! Here’s an overview of the marketing process: Marketing is the most significant force in stimulating sales for your company. If you do not understand clearly what customers in your particular industry niche are looking for, do not have a product or service that matches that need, and do not get out the word that you have it, you can be the best salesman in the world and still make zero money. 1. Discover what product, service or idea customers really want. 2. Put together a product or service offer with the features and quality that customers truly want. 3. Price the product or service correctly, according to what value the customers actually place on it. 4. Promote the product or service; spread the word about why customers should not only buy it, but buy it from you specifically. 5. Sell (close the transaction) and deliver the service or product to thecustomer. You’ll notice with step #5, that sales is a component of marketing. Selling is the act of persuading or influencing a customer to buy (to exchange something of value Marketing activities support all your sales efforts. Correct marketing makes it possible to make sales. 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