I would like to spend more money on Advertising: Why? 1) To be known in the market. 2) To raise and satisfy customer exceeding expectations. 3) It is an strategic media which bridges the gap between the client and the company. 4) To acquire more database of customers. 5) Trend analysis. 6) To reach right audience. 7) To be competitive. 8) To be more proactive.
By
Satya Prakash Choudhary, BD & Sales, AlphaBricks Technologies
| 02 22 2010 15:24:08 +0000
Advertising is one of the promotional medium to attract sale. Sales follow promotion and therefore a Marketer would prefer spending on a medium that helps him generate leads. Profits are booked on booked sale volume. his focus thereon is to keep the customer satisfied by rendering good service, and not to spend again over a sale.
By
Resmi Maxim, GENERAL MANAGER - OPERATIONS, SI PROPERTY (KERALA) PVT.LTD.,
| 12 30 2009 13:05:37 +0000
The END RESULT OF ADVERTISING IS SALES!! Making a comparision is utterly foolish. Advertising provides the impetus for the buying process to begin. An MBA would ideally begin with Advertising. Thats what he / she is trained for. It always has to begin with the BRAND. The values and attributes the Brand stands for give way to a communication that needs to reach the mass for it to generate interest and inquiry into the Brand. The brand defines the product verticals and thus the rpoduct is born which in turn represents the values and attributes and even the strength that the Brand stands for!! An MBA or not, any process that requires its culmination into Sales requires Advertising.
By
Makrand Bhave, Marketing & MICE, WIZCRAFT International
| 12 10 2009 11:35:22 +0000
advertising play key roles to promote sales. If your product is available at everywhere but people are not aware regarding the same then it is useless. So to keep aware people regarding product & company it is important to advertise. Apart from this Advertising help company to build up image & position itself in the market. Until unless we advertise we cant push sales as we expected. Advertising is only mean which together sellers & buyers.
By
prakashraj kumavat, MBA/PGDM student, Omegan School of Business (ICFAI Tripura)
| 09 09 2009 09:45:21 +0000
The job of the sales department is to make the product available in the market. Advertising must be given a priority in order to support the sales force to achieve the increase in sales through repeat orders, especially when the coverage of product placement is so huge, say for the whole country.
By
Teoderico Vergara, sales supervisor, San Miguel Corporation
| 06 23 2009 12:56:36 +0000
It Depends!! When i joined IIM-I, the first thing i was taught was, the types of concepts, ex. selling concept, production concept, marketing concept.... and some other few.... now which MBA are we refering to here is not known to me.... because as an MBA myself i would prefer to spend more on that segment which is the life line of my company...... for major player in the market promotion(advertising) plays this role as they are dealing with certain type of product..... but when its about products which souly depends on your sales force to sell them.... then please.....spend more one selling not adverting ... So it souly depends on what type of product are we dealing with to give a Correct answer to this question. ex. 1) if you want to sell a chocolate you would need to advertise more.... because you distributors work is done when the chocolate reached the retailer shelf..... your advertising an only make your cusotmers aware of your product..... 2) if you are a Pharma company and you have launched a Non-OTC drug or a prescription drug... then it your sales force who will promote your product with the doctors as they would priscribe it... so put money on sales..... cool
By
Dhiraj Wohra, Dy. Manager, Centum Learning Ltd
| 05 15 2009 16:48:57 +0000
I would go for Advertising as Ads is the one which registers first in the mind, as the saying goes it is of no use who comes first to the market first but who or which product registers first in the mind of the customers is more important. So i would go with advertising and a quality product to go with..
By
Amit Madhav, Senior Consultant, GKC
| 02 17 2009 10:02:28 +0000
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According to me exepnditure for sales includes expenditure for marketing, objective is sales, any expenditure for marketing of a product is the expenditure for its sales, there is no need to segregate these two. Ofcourse to study the impact of marketing over sales it is required to know the magnitute of the marketing cost otherwise it is not required to be segregated, it is cost of sales itself.
By
RAMANATHA PRABHU N, Chartered Accountant
| 01 03 2010 07:41:14 +0000
I agree with Makrand that end result od advt is sales. There is a need for advt but money should be spent minimum . if the product is good and the benefits of the product is advertised in the best possible way such that it impacts public, then it is worth money spent on advertising the product The rest is sales. less advertising is value for money for the product
By
Charles davison, Project Manager, Douglas OHI LLC
| 01 01 2010 07:01:30 +0000
Initial sales will only give an idea about the worthyness and extent of advertisement that has to be done on the product. More over only when the sale is strong enough will there be any effect on the money spent in ADs
By
Carol Santosh, Sales Executive/Officer, Naukri.com
| 03 28 2009 21:00:44 +0000
Vision to accelerate revenue is through Sales, Part utility for Advt is thum support to sales,Hence sales in must with force .
By
NIRAJ , FDM, RELIANCE RETAIL LTD
| 02 09 2009 15:41:57 +0000
Vision to accelerate revenue is through Sales, Part utility for Advt is thum support to sales,Hence sales in must with force .
By
NIRAJ , FDM, RELIANCE RETAIL LTD
| 02 09 2009 15:41:37 +0000
Advertising can be treated merely as a tool for sales Optimization.It is only the Sales which is beneficial for the growth and the profit maximisation of the organisation.So I will without any hesistration give preference to sales activities.
By
Yashpal Ganpatrao Bdime, BD Manager, Havells India Ltd
| 01 28 2009 09:13:48 +0000
sales as word of mouth gets you new clients if the product is good. also when revenue flows in extra revenue that might flow in due to economies of scale, can then be put forward for advertising later on. Cheers!!!
By
Amit Garg, Sales/BD Manager, Amar Ujala
| 01 21 2009 07:09:54 +0000
I think if an MBA is given a chance to decide then in my opinion he would spend more on training of sales staff because there are they who are going to generate revenue for the company.
By
Anil Kumar Singh, Senior Consultant, GKC
| 12 24 2008 19:41:07 +0000
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