Marketing Vs. Branding: 5 Key Differences
While marketing and branding work hand in hand to drive sales and increase profits. They are fundamentally different.
While marketing and branding work hand in hand to drive sales and increase profits. They are fundamentally different. Understanding the differences between Marketing vs. branding will help you use each tool to derive maximum benefit for your company.
Digital marketing is the use of digital channels such as social media, mobile applications, emails or websites to advertise goods and services. It helps companies or entrepreneurs to advertise and promote their products, services or brands to online users. E.g. when a brand like Dano uses Google Display ads to promote their new variants to their buyers, That’s digital marketing.
Branding, on the other hand, involves values a company believes in, its mission and how potential customers feel about or perceive the company to be. Simply, the perception and emotional connection a company have with its customers.
The idea of branding bleeds into how companies distinguish themselves through things such as company name, logo, tag line, colour and their choice of fonts (style and size).
These elements come together to set an identification for your brand in the minds of customers and in a crowded marketplace such as Ghana.
Marketing strategies come and go, branding is forever; strategies used in marketing are temporary. Every tactic used to market a product or service has obvious beginnings, middle and end. Here are more ways in which branding and marketing differ but complement each other;
Although digital marketing and branding in 2020 have bled heavily into each other, there is still a difference between the two. As much as both are tools to be used in promoting your business, they are different type of arrows in your business quiver. Simply put, branding is more about perception and connection, whereas marketing is more targeted at ensuring that services are patronised and products bought.