Before you can execute a successful online advertising
campaign you have to understand what advertising is and what it isn't. Many
people confuse advertising and marketing, assuming they’re essentially two
different words for the same thing. While advertising and marketing do overlap,
it is critical to the success of any business in the long run to have a solid
grasp on the important differences between the two functions.
What is Marketing?
The AMA’s
widely accepted definition of marketing defines
it 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.
If that sounds like a mouth full it is.
Marketing is the broad systematic function within every business responsible
for developing product and service ideas, researching the validity of those
ideas, designing their final form, pricing those products and services,
communicating them to the potential customers, and facilitating the exchange of
those products and services with customers. Marketing also includes, developing
efficient supply chains and effective customer & support programs.
One of the many functions of marketing
includes promotions. Promotions are also commonly confused with advertising,
but again aren't exactly the same. Promotions are broadly any effort to
communicate an offering to a market. This includes, Public Relations,
Telemarketing, Web Pages, Brochures, and drum roll….
Advertising!
What is Advertising?
According to the AMA,
advertising is the placement of any persuasive message placed in the mass media
in paid or donated time or space by an identified entity.
For example, an advertisement would be a spot
on television or a spread in a magazine (Mass Media) that had been paid for by
a person or organization (or on behalf of a person or organization) that is
clearly identified in the ad.
Advertising is merely a single piece of the
broader promotional process which itself is a single piece of the broader
marketing process. So all advertising is marketing, but not all marketing is
advertising. See… Big difference.
Online it can take a little practice to
distinguish between the two. For example, a Facebook page may promote a brand,
but it is not by definition an advertisement since the space is not paid for by
the company that created it. Instead, it’s merely a promotional tool. However,
the strip of pictures running down the right side of the Facebook page are
advertisements because they are paid and identifiable placements.
It’s important to not confuse what is meant
by “paid”. While a company may “pay” a great deal for the design and management
of a Facebook page it is not paying for the space (the page itself) and that’s
required if we’re to consider it advertising. Even if the page was owned by the
company it wouldn't count because the price they pay is not tied directly to
time and space. That is, a company webpage can be as long or short as it
desires and can exist indefinitely. Advertisements have a specific predefined
cost associated with where and when they are displayed.
Now
that you know the difference between marketing and advertising you can truly
begin your journey to developing powerful online advertising campaigns.
I appreciate this supplemental breakdown of these two definitions. Especially with the specific topic at hand.
ReplyDeleteThat has to be the most concise and easiest to understand breakdown of Marketing and Advertising I have ever seen. Well done!
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