There are a lot of marketers and business owners who tend to use marketing and advertising interchangeably. The two terms and the processes they cover are related, naturally, but there are some differences between the two concepts.
For business owners, knowing the difference between marketing and advertising might be optional to scale and grow, but the knowledge can become handy in handling a few business processes.
For starters, when knowing how to differentiate marketing vs. advertising, you will be able to make smarter decisions in your marketing/advertising campaigns. You will be more productive when you converse about these topics.
That said, the team here at Rosy Strategies brings you the inside scoop about the main differences between advertising vs. marketing.
Advertising vs. Marketing: Defining the Terms
What Is Marketing?
Marketing refers to an ongoing process of ensuring that your services or products are and remain compelling to your audience, potential market, and buyers. Generally, marketing is an involved process where you have to maintain a good relationship with your customers and clients. You need to put in the effort to make your customers satisfied and keep them loyal to your brand with effective after-sales support.
When discussing marketing vs. advertising, one may say that the latter is only a subset of marketing. The core goal of marketing is to create a strong business presence that’s appealing to customers. It involves market research, branding, pricing, positioning, and the like.
What Is Advertising?
As discussed above, some experts consider advertising a subset of marketing because every ad campaign supports your overall marketing goals.
Advertising mostly refers to paid forms of marketing where you specifically promote the services and products your company offers through paid content. Advertising may also include creating seasonal campaigns, ad placement, or collecting valuable prospect and customer info.
Other advertising activities may include the following:
- Brand building to boost your reputation
- Building awareness
- Reaching more people with social media posts
- Service/product highlights
Think about it like this: marketing tells us what the brand message is, while advertising gets the message in front of your customers.
5 Major Differences Between Marketing and Advertising
Now that we cleared the fundamental differences in the marketing vs. advertising debate, let’s give more context by exploring them further. By the end of this blog post, you will be able to tell how the two terms are different.
1. Responsibilities
Marketing
Marketing strives to ensure that a business is profitable from every segment. As such, it takes care of things like:
- Branding: marketing creates the identity, vision, mission, and representation of your business. It’s who you are in the market and the thing that will stick in the mind of your customers.
- Competitor analysis and trend tracking: ensuring you are always up to date with the latest trends and keeping a sharp eye on your competition to remain relevant in your industry.
- Building customer relationships: conducting interviews and surveys to ensure that the business meets customer expectations.
- Market strategy development and research: marketing also ensures that a business stays profitable with comprehensive research to see what’s trending in the market and create strategies to suit those needs.
- Tracking return on investment: Marketing experts also ensure that the business isn’t overspending. With the help of data, experts can create a marketing budget that will cover all marketing expenses.
Advertising
Now, let’s see what the responsibilities of advertising are:
- Analyzing your customers: advertising helps to get to know your customers better and, in turn, can help you create more precise and effective campaigns.
- Advertising plans and strategies: Specific processes and strategies to create awareness of your business/products/services and, ultimately, convert prospects to buyers/clients.
- Creative production: from short social posts to video material, advertising experts plan, research, create, and distribute these creative assets.
- Determining the best advertising channels: relying on sound data, advertisers assess the most effective marketing channels for businesses offering the most value for the investment.
2. Most Used Techniques
When looking at advertising vs. marketing, we can see that the two terms are chasing different goals and, as such, will require different techniques to reach those goals.
Marketing
- Inbound marketing: using organic strategies such as educational blog posts.
- SEO or search engine optimization: by increasing online visibility to search engines, marketers attract customers to your website without unnecessary expenses.
- Content marketing: creating compelling content can attract the attention of customers and can keep them interested.
- Affiliate marketing: through partnerships, businesses can leverage the credibility of their partners and reach more customers in the process.
- Email marketing: staying in touch with customers through email with the help of promotions and newsletters.
Advertising:
- Traditional radio, print, and TV ads
- Retail advertising
- Digital advertising like guest posting, video marketing, and social ads.
- In-application mobile ads
- Billboard ads
- Native advertising
3. Purpose
Both strategies want to ensure that a business stays profitable, but still, they can deviate in a few ways:
Marketing
- Generating new leads
- New customer acquisition
- Keeping the acquired customers
- Keeping branding consistent
- Creating different cross-sell and upsell opportunities
- Developing new or perfecting existing products/services
- Tracking the results of every marketing initiative
Advertising
- Attracting first-time customers
- Constant brand awareness
- Pushing ads to ensure purchases
- Keeping customers satisfied and happy
- Maintaining a strong brand image
- Establishing brand credibility and reliability
- Motivating loyal customers to purchase again and again
4. Measuring Success
Keeping a close eye on analytics is essential to marketing and advertising. Tracking and regularly reviewing your metrics can ensure business profitability even when costs tend to rise.
But what are the differences between marketing and advertising regarding success metrics? Let’s see:
Marketing
- Customer satisfaction
- Net Promoter Score
- Market Share
- Quarterly and Annual Sales Revenue
- Customer Lifetime Value
Advertising
- Engagement
- Conversions
- Reach and impressions
- Return on Ad Spend (ROAS)
5. Generating the Results
Lastly, let’s see how these two approaches generate results for companies. Because advertising is literally a part of marketing, it should be evident that it will be able to deliver faster results. At the same time, marketing-related activities are more long-term strategies that are meant to create a strong foundation for your brand for the future.
Advertising results can be pretty simple to monitor. For instance, if you are running a month-long campaign, you will see the results you’ve managed to generate after a month.
On the other hand, with marketing, you are looking at a longer process. The business and the brand will continuously evolve, catering to different market and customer trends, making the assessment of your results a bit more complicated but not impossible.
You can always check brand help, customer perception, and overall marketing budget to see just how well you are doing. Chances are that if your marketing budget grows each year, your marketing efforts are paying off.
Make the Best Use of Both Approaches
These two terms seem to be two sides of the coin, but they aren’t entirely the same. Still, both should be taken seriously, and business owners should make the necessary effort to improve their advertising and marketing strategies to grow their businesses and establish their firms as credible and trusted companies.
If you are looking for a seasoned marketing agency in Miami that can help you with both marketing and advertising, feel free to reach out to us.