Why Many Marketing Programs Fail at Delivering Sales Growth
Have you ever
spent money on a marketing campaign, expecting to increase sales and been
disappointed with the results? Many
have!
Far too many
businesses are reliant on marketing efforts to fix their slumping sales. Marketing and sales go hand in glove, but
they are very different processes. Did
you know that? Many still cannot tell
you the difference between the two processes and it leads to confusion when a
company sinks a fair amount of money into a marketing campaign that fails to
deliver the desired results in higher sales. The business owner is left
scratching their head and wondering what went wrong.
Defining The Terms
So, “what is
marketing?” you ask. According to Wikipedia
and the American Marketing Association, “Marketing is defined as
"the activity, set of institutions, and processes for creating,
communicating, delivering, and exchanging offerings that have value for
customers, clients, partners, and society at large"
Sales is defined by Wikipedia this way, “Sales are the
activities involved in selling products or services in return for money or
other compensation. It is an act of completion of a commercial activity. A
salesman is someone who sells products or services, thus generating sales.”
Simply put, marketing is analytical research about what
happened or what will happen. Sales teams
can use the marketing data to improve their strategies and sell more.
Do You Have to Have A Sales Team?
Can you sell with out a sales team? Sure. Almost
every industry has examples of selling without a sales team. You can shop for things without speaking to a
sales professional.
Do you need a marketing team to sell? No.
You can sell based on industry standards, experience, guessing or any
method you want. The fact is most larger
companies, that have stood the test of time have some element of both marketing
and sales incorporated into their business.
Best Practices
As a 20+ year
seasoned sales professional let me assure you that good marketing campaigns can
certainly help drive sales as part of a combined sales and marketing effort. Marketing campaigns as a standalone fail
deliver much in the way of sales in most cases.
To garner the best results, the data from the marketing campaign is interpreted
and then implemented by the sales team.
This implementation of the marketing data is used to effectively drive
future sales.
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Any company
that lives solely with marketing teams or sales teams is falling short of their
overall success potential. Truly the
best performing teams will have marketing departments that work hand in glove
with their dedicated sales team. The
marketing team stays apprised of what has happened historically and works to
predict future trends. The sales team
armed with the data of what happened and what will happen can formulate informed
strategies to help minimize wasted resources.
By understanding what happened and having insight into what will happen
the sales department will have an edge over competitors who don’t employ the
same quality marketing research.
What do you do
if you do not have a marketing or a sales team, but you want to incorporate
both into your future strategies? The
easy answer is to hire someone or multiple people to fill the new role in your
organization. If you do not have the
budget to support new full/part time staff, you could also consider sourcing
the work to a company. As a sales
consultant for multiple firms, I help in a part time role at each to work on their
sales needs. Another option is to hire a
coach to help train a current employee or team member to do the sales or
marketing work. I believe it is easier
to learn sales than marketing, as many of us have some natural sales skills we
can tap into.
https://bowmandigitalmedia.com/
The bottom line
is that if you run a company and want to increase sales, it helps to have a
sales professional or team of sales professionals involved in the process. If you’re spending good money on marketing
research that is not helping translate into higher sales results, you likely
are missing the key sales ingredient. The
value of marketing comes from better knowledge.
Allow a sales professional to help you take that knowledge and apply it to
a sound sales process and you are far more likely to realize higher sales.
There is no
need to let your marketing efforts go to waste.
To prevent marketing campaign failure, ensure you have a sales team working
with the data. If you are not sure what to do, contact me for help. I am available as a coach / consultant to help with your sales needs.
Contact me here: https://bowmandigitalmedia.com/contact/
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