Marketing is the one thing every company does, but nobody can agree on.
A marketer could spend their time writing blog articles, designing marketing emails, recording podcasts, sharing content on social media, managing PPC channels, producing virtual events, gathering product feedback from customers…we could list a dozen more things and it would barely scratch the surface.
But what is marketing, in its essence? That’s what this guide is all about. Keep reading for some insights into the purpose of marketing, marketing tips, and one-sentence definitions of marketing from 25 of our favorite marketing leaders.
Marketing is the process of crafting and distributing intentional messaging to attract potential customers to your company’s products or services.
Marketing teams use strategies like customer segmentation and market data analysis to determine the best method, time, and medium to engage with potential buyers and convert them into customers.
The purpose of marketing is to draw potential buyers to your business’s offerings by demonstrating product value and establishing trust in your brand and expertise, all with the ultimate goal of driving more sales.
There’s a reason why nearly every business and organization uses marketing strategies to generate more sales. Take a look at some of the top benefits of marketing:
The four P’s of marketing are product, price, place, and promotion. These concepts form the foundation for what companies need to market their product or service. The four P’s of marketing were popularized by professors Neil Borden and E. Jerome McCarthy in the 1950s and 1960s and have been used to successfully market products ever since.
Here’s a quick breakdown of the four P’s:
There are many ways to market your products and services to potential customers. Here are six of the most common and successful types of marketing you might use in your company:
With the rise of digital marketing, email has become a popular platform for sending marketing messages. With email marketing, people provide their email addresses to a company to receive marketing messages or newsletters directly in their inboxes.
A company’s blog or website is also a great place for marketing content. Businesses can post informational videos and articles to educate people searching for information and increase familiarity with their brand.
Search engine optimization (SEO) is a form of marketing that attempts to increase website traffic through search engine results. Companies can use various SEO techniques to naturally increase their rankings in search results. Search engine marketing is a related technique that involves placing paid ads on search engine results pages.
Building a presence on social media is part of social media marketing. Companies use social media to share videos and photos of their products, connect with customers, and post engaging content in line with their brand. This type of marketing can also include paid ads.
Video marketing involves writing and filming commercials, videos for your company’s website, seminars, and other types of video content. Video marketing can also include creating videos to be posted on social media.
Sharing knowledge is a great way to establish your brand. With content marketing, marketers produce eBooks, webinars, infographics, and other downloadable content to spread awareness of their products.
While these definitions and types of marketing are helpful in understanding its importance, marketers also have different takes and strategies. Here are 25 inspiring quotes from some of our favorite marketing experts on what marketing is that will spur you on in your marketing efforts:
“Marketing is being able to understand a customer or potential customer’s pain points, and effectively communicate and articulate how your product or service can solve that issue.”
Nadya Khoja, Head of Content Strategy at Boast.AI
“Marketing is a creative four-step process:
“Marketing is the art of influencing public perception of your brand, and the science of keeping your company’s cost per acquisition to a fraction of your LTV.”
Ben Goldstein, VP of Marketing at Nutshell
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“Marketing is the method in which your brand or company reaches out to their prospective customers to inform them about a product or service that can genuinely benefit them in their day to day lives.”
Azeem Ahmad, Digital Marketing Lead
“Marketing is a catch-all term to represent the methods and tactics of positioning of a brand, service, or product to influence purchasing choices.”
Mike McPeak, Director of Performance Marketing and Operations at Hale Trailer Brake and Wheel
Defining marketing concisely is no easy feat, and it doesn’t help that marketing responsibilities vary by industry, job title, and so on. Whether it’s subconsciously building relationships, or taking a company to market outright, marketing is nuanced and varied in its approaches.
The predominant themes of our one-sentence answers indicate that marketing is:
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