Why Have Marketing in Manufacturing?
Today we have a guest post from Andrea Olson.
Industrial organizations rely heavily on a direct, distribution or dealer sales force for growth. Many of these companies have built themselves from the ground-up through street smarts, sweat, and hustle. With many sales build upon long-term relationships, why does a manufacturer need marketing? Aside from creating the brochures, maintaining the website and coordinating trade shows, how can marketing help grow the business? It’s a frequent misconception that many manufacturing leaders have a hard time getting their minds around.
The function of marketing has degraded in recent years, with the advent of “do-it-yourself” tools, allowing the tactical nuts-and-bolts of marketing implementation to be done by more junior staff. In addition, many mid-market manufacturers really never had the need to utilize marketing 50, 60 or 70 years ago – having built the business on a unique invention (at the time), penetrating an under-served market, or establishing a contract with a few large OEMs.
The problem today is that things have changed. Most notably: (more…)