Although this is a good definition of a sales transaction, the process leading up to the sale, whereby a prospect is converted into a client, usually involves a lot more. Longer sales cycles and higher prices demand even more time to build client trust and requires more effort for them to stick with your product or service offering. Marketing, defined in offline terms, is what you do when you are not in front of the customer to persuade them to buy what you are selling. The act of sales is what you do or say on the phone or in person. By dissecting the definition between sales and marketing, we start to take a very different view of how we "sell" offline vs. online.
The promise of ecommerce was to give the consumer the lowest possible price. By cutting out brick and mortar retail centers, overhead costs are reduced and products were delivered more conveniently to a customer's home or businesses. Price and convenience have now become commoditized in many ecommerce verticals, causing companies to look more closely at their online marketing activities to attract prospects, increase sales and retain clients. In the online world, one could argue that there is no such thing as sales. There is no face time with the customer to persuade them or interact and appeal to their emotions. However, companies have learned to ask prospects what they want and then use technology to tailor their sales message to better connect with the problem or need. Also, companies like Amazon have pioneered predictive buying and can bolster sales by offering products related to items already purchased. These two examples best emulate offline selling by creating an artificial intelligence at the point of sale.
Online marketing can be best described by what the prospect experiences before and after the sale. The pre-sale activities are: Identifying prospects, sifting and sorting them into buying groups, raising the demand for a product and then lowering the barrier to a sale. After the sale, promotions, education, webinars and email drip letters can all be effective stick strategies. The key to successful marketing is the online message must be persuasive enough to get a prospect or client to act. Without action there can be no sale. So the area between marketing and sales become even more blurred when the entire process is strung together.
For business owners this gray area is not critical operationally and it's dangerous to get hung-up on the terminology. The important thing is to generate more sales. To best analyze a businesses current process, break the sales cycle into 5 parts:
1. Prospecting (identifying, sifting and sorting)
2. Conversion (raising demand and lowering barrier)
3. Creating a unique buying experience (what happens at the point of sale)
4. Saying thank you
5. Keeping in touch (retention)
Sounds simple right? You'd be amazed at how many companies drop the ball during most of these steps. By breaking your own sales cycle into these 5 steps and brainstorming with your team how each can be improved, you'll see large increases in revenues and profits.
Sales Vs It Guy
Marketing is everything that you do to reach and persuade prospects to give you a
chance to sell them. The sales process is everything that you do to close the sale and
get a signed agreement or contract. However it's not uncommon for a company to be
unbalanced when it comes to these two ingredients of business success. If given the
choice I would much rather be a better marketer.
Don't get me wrong, sales people are great and they are very successful
(truth be told I've been a successful salesman for years). But the sales person would
have no people to sell to if it weren't for the marketer.
The marketer is the one who places the ad in paper to get the phones ringing off the hook.
The marketer is the one who drove people to the website, and got them to fill out a form
stating they were interested
The marketer is the one who has developed a list of people who are all interested in a
certain niche market (or opportunity), formed a relationship with them, and now can tell
that list about things and a solid percentage of them will be already sold.
(Special note: This last statement is the key to everything...more on this later)
The bad marketer is the one who made the commercial that got no-one to buy a widget...
The great marketer is the one who made a few subtle changes to the same commercial
and got every one to buy the widget.
The marketer is the one who gets visitors to the website...
The better marketer is the one who has it set up so that once the people are there they
end up buying without having to talk to anyone.
Let me give you one example of what is arguably the most genius marketing ever.
Have you ever watched television and seen a 30 minute advertisement for some product
or service?
Did you notice how that 30 minute advertisement did a great job of answering all
your questions and overcoming all of your objections?
Did you notice how you were sssooooo compelled to pick up the phone or go to the
website and buy the widget?
Marketers created INFOMERCIALS, and they are able to make more sales in less time
than the best door to door salesman ever!
If you get nothing else from this one lesson please understand this.
THE MONEY IS IN THE MARKETING, if you want to make more money then become a better marketer.
So...what does all this sales and marketing talk have to do with MLM?
Well I'll tell you...
I remember one time my marketing for this new mlm company was so effective that I signed
up 20 new reps in 3 days without talking to a single person.
I didn't have to talk to my friends and family
I didn't have to explain anything to anyone
Because I could market, I didn't have to sell (at least not in person).
Both Brett Nordin & Devon Brown are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Brett Nordin has sinced written about articles on various topics from Property Investment, Credit Loans and Network Marketing. To view one of the most valuable prospecting and retention systems I've uncovered, Brett Nordin is an entrepreneur and small business owner who writes ab. Brett Nordin's top article generates over 22200 views. to your Favourites.
Devon Brown has sinced written about articles on various topics from Multi Level Marketing, Emotional Intelligence and Multi Level Marketing. Devon Brown (a.k.a The Success Renegade) Is one of the fastest up and coming superstars in the Network Marketing Industry.Devon is showing the Network Marketing world why the MLM companies and Gurus have it all wrong! Learn more about Devon and take adva. Devon Brown's top article generates over 1900 views. to your Favourites.
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