There are a lot of marÂketers and busiÂness ownÂers who tend to use marÂketÂing and adverÂtisÂing interÂchangeÂably. The two terms and the processÂes they covÂer are relatÂed, natÂuÂralÂly, but there are some difÂferÂences between the two concepts.
For busiÂness ownÂers, knowÂing the difÂferÂence between marÂketÂing and adverÂtisÂing might be optionÂal to scale and grow, but the knowlÂedge can become handy in hanÂdling a few busiÂness processes.
For starters, when knowÂing how to difÂferÂenÂtiÂate marÂketÂing vs. adverÂtisÂing, you will be able to make smarter deciÂsions in your marketing/advertising camÂpaigns. You will be more proÂducÂtive when you conÂverse about these topics.
That said, the team here at Rosy StrateÂgies brings you the inside scoop about the main difÂferÂences between adverÂtisÂing vs. marketing.
Advertising vs. Marketing: Defining the Terms
What Is Marketing?
MarÂketÂing refers to an ongoÂing process of ensurÂing that your serÂvices or prodÂucts are and remain comÂpelling to your audiÂence, potenÂtial marÂket, and buyÂers. GenÂerÂalÂly, marÂketÂing is an involved process where you have to mainÂtain a good relaÂtionÂship with your cusÂtomers and clients. You need to put in the effort to make your cusÂtomers satÂisÂfied and keep them loyÂal to your brand with effecÂtive after-sales support.
When disÂcussing marÂketÂing vs. adverÂtisÂing, one may say that the latÂter is only a subÂset of marÂketÂing. The core goal of marÂketÂing is to creÂate a strong busiÂness presÂence that’s appealÂing to cusÂtomers. It involves marÂket research, brandÂing, pricÂing, posiÂtionÂing, and the like.
What Is Advertising?
As disÂcussed above, some experts conÂsidÂer adverÂtisÂing a subÂset of marÂketÂing because every ad camÂpaign supÂports your overÂall marÂketÂing goals.
AdverÂtisÂing mostÂly refers to paid forms of marÂketÂing where you specifÂiÂcalÂly proÂmote the serÂvices and prodÂucts your comÂpaÂny offers through paid conÂtent. AdverÂtisÂing may also include creÂatÂing seaÂsonÂal camÂpaigns, ad placeÂment, or colÂlectÂing valuÂable prospect and cusÂtomer info.
OthÂer adverÂtisÂing activÂiÂties may include the following:
- Brand buildÂing to boost your reputation
- BuildÂing awareness
- ReachÂing more peoÂple with social media posts
- Service/product highÂlights
Think about it like this: marÂketÂing tells us what the brand mesÂsage is, while adverÂtisÂing gets the mesÂsage in front of your customers.
5 Major Differences Between Marketing and Advertising
Now that we cleared the funÂdaÂmenÂtal difÂferÂences in the marÂketÂing vs. adverÂtisÂing debate, let’s give more conÂtext by explorÂing them furÂther. By the end of this blog post, you will be able to tell how the two terms are different.
1. ResponÂsiÂbilÂiÂties
MarÂketÂing
MarÂketÂing strives to ensure that a busiÂness is profÂitable from every segÂment. As such, it takes care of things like:
- BrandÂing: marÂketÂing creÂates the idenÂtiÂty, vision, misÂsion, and repÂreÂsenÂtaÂtion of your busiÂness. It’s who you are in the marÂket and the thing that will stick in the mind of your customers.
- ComÂpetiÂtor analyÂsis and trend trackÂing: ensurÂing you are always up to date with the latÂest trends and keepÂing a sharp eye on your comÂpeÂtiÂtion to remain relÂeÂvant in your industry.
- BuildÂing cusÂtomer relaÂtionÂships: conÂductÂing interÂviews and surÂveys to ensure that the busiÂness meets cusÂtomer expectations.
- MarÂket stratÂeÂgy develÂopÂment and research: marÂketÂing also ensures that a busiÂness stays profÂitable with comÂpreÂhenÂsive research to see what’s trendÂing in the marÂket and creÂate strateÂgies to suit those needs.
- TrackÂing return on investÂment: MarÂketÂing experts also ensure that the busiÂness isn’t overÂspendÂing. With the help of data, experts can creÂate a marÂketÂing budÂget that will covÂer all marÂketÂing expenses.
AdverÂtisÂing
Now, let’s see what the responÂsiÂbilÂiÂties of adverÂtisÂing are:
- AnaÂlyzÂing your cusÂtomers: adverÂtisÂing helps to get to know your cusÂtomers betÂter and, in turn, can help you creÂate more preÂcise and effecÂtive campaigns.
- AdverÂtisÂing plans and strateÂgies: SpeÂcifÂic processÂes and strateÂgies to creÂate awareÂness of your business/products/services and, ultiÂmateÂly, conÂvert prospects to buyers/clients.
- CreÂative proÂducÂtion: from short social posts to video mateÂrÂiÂal, adverÂtisÂing experts plan, research, creÂate, and disÂtribÂute these creÂative assets.
- DeterÂminÂing the best adverÂtisÂing chanÂnels: relyÂing on sound data, adverÂtisÂers assess the most effecÂtive marÂketÂing chanÂnels for busiÂnessÂes offerÂing the most valÂue for the investment.
2. Most Used Techniques
When lookÂing at adverÂtisÂing vs. marÂketÂing, we can see that the two terms are chasÂing difÂferÂent goals and, as such, will require difÂferÂent techÂniques to reach those goals.
MarÂketÂing
- Inbound marÂketÂing: using organÂic strateÂgies such as eduÂcaÂtionÂal blog posts.
- SEO or search engine optiÂmizaÂtion: by increasÂing online visÂiÂbilÂiÂty to search engines, marÂketers attract cusÂtomers to your webÂsite withÂout unnecÂesÂsary expenses.
- ConÂtent marÂketÂing: creÂatÂing comÂpelling conÂtent can attract the attenÂtion of cusÂtomers and can keep them interested.
- AffilÂiÂate marÂketÂing: through partÂnerÂships, busiÂnessÂes can leverÂage the credÂiÂbilÂiÂty of their partÂners and reach more cusÂtomers in the process.
- Email marÂketÂing: stayÂing in touch with cusÂtomers through email with the help of proÂmoÂtions and newsletters.
AdverÂtisÂing:
- TraÂdiÂtionÂal radio, print, and TV ads
- Retail adverÂtisÂing
- DigÂiÂtal adverÂtisÂing like guest postÂing, video marÂketÂing, and social ads.
- In-appliÂcaÂtion mobile ads
- BillÂboard ads
- Native adverÂtisÂing
3. PurÂpose
Both strateÂgies want to ensure that a busiÂness stays profÂitable, but still, they can deviÂate in a few ways:
MarÂketÂing
- GenÂerÂatÂing new leads
- New cusÂtomer acquisition
- KeepÂing the acquired customers
- KeepÂing brandÂing consistent
- CreÂatÂing difÂferÂent cross-sell and upsell opportunities
- DevelÂopÂing new or perÂfectÂing existÂing products/services
- TrackÂing the results of every marÂketÂing initiative
AdverÂtisÂing
- AttractÂing first-time customers
- ConÂstant brand awareness
- PushÂing ads to ensure purchases
- KeepÂing cusÂtomers satÂisÂfied and happy
- MainÂtainÂing a strong brand image
- EstabÂlishÂing brand credÂiÂbilÂiÂty and reliability
- MotiÂvatÂing loyÂal cusÂtomers to purÂchase again and again
4. MeaÂsurÂing Success
KeepÂing a close eye on anaÂlytÂics is essenÂtial to marÂketÂing and adverÂtisÂing. TrackÂing and regÂuÂlarÂly reviewÂing your metÂrics can ensure busiÂness profÂitabilÂiÂty even when costs tend to rise.
But what are the difÂferÂences between marÂketÂing and adverÂtisÂing regardÂing sucÂcess metÂrics? Let’s see:
MarÂketÂing
- CusÂtomer satisfaction
- Net ProÂmotÂer Score
- MarÂket Share
- QuarÂterÂly and AnnuÂal Sales Revenue
- CusÂtomer LifeÂtime Value
AdverÂtisÂing
- EngageÂment
- ConÂverÂsions
- Reach and impressions
- Return on Ad Spend (ROAS)
5. GenÂerÂatÂing the Results
LastÂly, let’s see how these two approachÂes genÂerÂate results for comÂpaÂnies. Because adverÂtisÂing is litÂerÂalÂly a part of marÂketÂing, it should be eviÂdent that it will be able to delivÂer faster results. At the same time, marÂketÂing-relatÂed activÂiÂties are more long-term strateÂgies that are meant to creÂate a strong founÂdaÂtion for your brand for the future.
AdverÂtisÂing results can be pretÂty simÂple to monÂiÂtor. For instance, if you are runÂning a month-long camÂpaign, you will see the results you’ve manÂaged to genÂerÂate after a month.
On the othÂer hand, with marÂketÂing, you are lookÂing at a longer process. The busiÂness and the brand will conÂtinÂuÂousÂly evolve, caterÂing to difÂferÂent marÂket and cusÂtomer trends, makÂing the assessÂment of your results a bit more comÂpliÂcatÂed but not impossible.
You can always check brand help, cusÂtomer perÂcepÂtion, and overÂall marÂketÂing budÂget to see just how well you are doing. Chances are that if your marÂketÂing budÂget grows each year, your marÂketÂing efforts are payÂing off.
Make the Best Use of Both Approaches
These two terms seem to be two sides of the coin, but they aren’t entireÂly the same. Still, both should be takÂen seriÂousÂly, and busiÂness ownÂers should make the necÂesÂsary effort to improve their adverÂtisÂing and marÂketÂing strateÂgies to grow their busiÂnessÂes and estabÂlish their firms as credÂiÂble and trustÂed companies.
If you are lookÂing for a seaÂsoned marÂketÂing agency in MiaÂmi that can help you with both marÂketÂing and adverÂtisÂing, feel free to reach out to us.