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What is better for business? - selling services or selling products..?

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Question added by abhay singh , Sr. Sales Account Manager , Ideacraft eVentures (P) Ltd.
Date Posted: 2013/12/22
Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

Both are same

For an Advocate or Law firm their product is his services 

For a Bank or Banker their product is his services

For a Hospital or Doctor their product is his services

So it depend what is the nature of the business. Some of the businesses their product are their services.

Ahamed Shareef
by Ahamed Shareef , Divisional Head - Quality Assurance , Apollo Tyres Ltd

It depends on the business type - what is there core strength and what is their business strategy / vision.

Utlimately business should sell what customer needs.....what can be sold in the market....

Alrich DSouza
by Alrich DSouza , Operations manager, Customer Service and Recruitment Manager , Nomura

Selling the key services associated to the product which brings about greater marketing even if the product is not that recognised in the market

Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

That depends on your competitivness in each. Business is usually based on a strategy and that is based on competitive analysis which should specify what are your compaetitive advantages which lead you to the answer for your question for your case.

khaled Ibrahim Sayed Abd El Salam Ibrahim
by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

it depends on lot of factors ( Company Cash Flow / Budget / Forcasting / laibileties / etc..) but in both no one know unless there is a market study on both and the market needs as well in which the company loacted to reach up for the ideal call you can take it.

Ahmed Taha
by Ahmed Taha , Digital Director , Home of Performance

Well. It is very different from each others. Product is one time payment for the customers, and brand makes a huge difference, however service is an ongoing consymption and marketing overall makes the differnece along with the quality, and the price. 

abhay singh
by abhay singh , Sr. Sales Account Manager , Ideacraft eVentures (P) Ltd.

Products need more push for its brand and concept as it has a limited scope compared to Services where there may not be any limitations as such. Hence when it comes to selling a product, you may need to promote features and benefits as these are the factors on which products will be mostly sold. In case of services, these parameters would be different - price, resources, experience etc. Hence both require marketing efforts but with different purpose, it asks for different types of efforts.

Pradeep Kumar
by Pradeep Kumar , Sales & Marketing Manager , Self Employed

Greetings to all friends.

The concept of selling remains same for both - Service and Product, however the process is different for both.

Selling a product is revolving around a physical thing which is present uniformly and with the ability of a sales person it is sold to customer.Most of the time we can sell same standard product to many customers.It needs manufacturing,inventory,product life cycle process etc to be considered.

Other side in Service selling is selling a invisible concept and this time it may change as per the changing customers.Most of the time the value of the selling depends on the skills of the sellers,need of client and so many other situational factors.

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