At the heart of it, the main difference is that a product business sells physical, tangible objects, whereas a service business provides value through intangible skills, expertise and time. The marketing techniques and costs vary when you're selling services versus selling products, as well.
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At the heart of it, the main difference is that a product business sells physical, tangible objects, whereas a service business provides value through intangible skills, expertise and time. The marketing techniques and costs vary when you're selling services versus selling products, as well.