Friday, 28 July 2017

Profit Marketing Versus Nonprofit Marketing

As the terms connote, the difference between for-profit and nonprofit marketing is in their primary objective. For-profit marketers measure success in terms of profitability and their ability to pay dividends or pay back loans. Continued existence is contingent upon level of profits.Nonprofit institutions exist to benefit a society, regardless of whether profits areachieved. Because of the implicit objectives assigned to nonprofits, they are subject to anentirely different additional set of laws, notably tax laws. While they are allowed to generate profits, they must use these monies in specific way~ in order to maintain their nonprufit status. There are several other factors that require adjustments to be made in themarketing strategies for nonprofits.  

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