In this
article I am going to show you the difference between marketing and branding.
Most people assume that both are the same things. Well this is definitely not
true, both are closely related but they aren't the same thing.
In order
to fully understand the difference, let us start by defining both terms.
Marketing
is
promoting a product or a service, it is an active process. You can say that
marketing is a push tactic; it is pushing out a message to get sales results.
It is as if you are providing the reason for your customer to buy your product
or service: buy our product because it is better than others, buy our service
because it will help solve your problem, etc...
On the
other hand, branding is quite different. Branding must precede marketing,
branding is the ultimate truth and values of your business. It is rather a pull
tactic. Branding supports marketing, but doesn't directly say "buy
me". Branding encourages the potential customer to buy by explaining why
the business exists in the first place.
Branding
is strategic, marketing is tactical. Marketing
may contribute to a brand, but the brand is bigger than any particular
marketing effort. The brand is ultimately what determines if you will
become a loyal customer or not.
The marketing may convince you to buy a particular product
but it is branding that will make you a loyal customer. Marketing unearths
and activates buyers, branding makes loyal fans.
Is
marketing a cost center? Poorly researched and executed marketing activities
can certainly be a cost center, but well-researched and well-executed marketing
is an investment that pays for itself in sales and brand reinforcement.
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