What is Marketing, and What's Its Purpose?

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If you’d asked me early in my career to define what marketing is, I would have no doubts. “Marketing is about promoting products,” I’d say. But today, it’s one of the toughest questions to answer.

The term is so broad and flexible that it’s hard to pin down.

Marketing is present in all stages of the business, beginning to end. Without marketing, you can’t truly understand your audience, create a product that fits their needs, or successfully bring it to market.

Marketers have the firmest finger on the pulse of your consumer persona.

In this guide, I’ll show you in practice what marketing is, its different types, the 4 P’s, and how it differs from advertising.

Plus, I’ll spice things up with some expert tips. Whether you’re a pro looking for a refresher or a newbie trying to get the hang of things, I’ve got you covered.

Table of Contents

What is marketing?
What is the purpose of marketing?
3 Pillar Types of Marketing
Why is marketing important?
Marketing vs. Advertising: What’s the difference?
The 4 Ps of Marketing

Modern marketing began in the 1950s when people started to use more than just print media to endorse a product. As TV — and soon, the internet — entered households, marketers could conduct entire campaigns across multiple platforms.

And as you might expect, over the last 70 years, marketers have become increasingly important in fine-tuning how a business sells a product to consumers to optimize success.

In fact, the fundamental purpose of marketing is to attract consumers to your brand through messaging. Ideally, that messaging will be helpful and educational to your target audience so you can convert consumers into leads.

Today, there are literally dozens of places to carry out a marketing campaign — where does one even start?

3 Pillar Types of Marketing

Where your marketing campaigns live depends entirely on where your customers spend their time. It’s up to you to conduct market research that determines which types of marketing — and which mix of tools within each type — is best for building your brand.

We have two main categories of marketing: digital and traditional. The third one, which isn’t so popular but extremely effective, also deserves a standalone place: neuromarketing. Let’s find out what comes with each.

1. Digital Marketing

Digital marketing is the use of online channels and platforms, like social media, email, and search engines, to promote and sell products or services.

The main parts of it are: