Importance Of Advertisement In Business

Advertising is important for every aspect of a business. Advertising is important for the business on the whole as it lets the business gain more customers, thereby increasing business turnaround. Advertising can be achieved using various media like television, newspaper, radio, banners, pamphlets, websites, etc.

Marketing helps spread ideas. Good marketers educate and help people make better decisions. So the short answer is yes. Marketing and advertising are essential for customers to make good decisions, for companies to prosper, and therefore for the economy. The business world is competitive, and advertising is used to introduce a business, build a brand, and position a company, product or service against the competition. Advertising delivers strategic messaging and elevates awareness within the given market. Several advertising media are used to deliver the advertisement to the market.

Today’s advertisers have a wide range of options to choose from when promoting their products and services. Those choices range from the traditional television, radio, and newspaper ads to a myriad of specialty consumer and business publications, to billboard advertising and, of course, the online world’s many options, such as banner ads, e-mail marketing, social media marketing, etc. Creative marketers will take advantage of opportunities to get their messages across to key target audiences in any way they can, including on buses, park benches, and bathroom stalls.

There are unique types of ads. One can promote its products like display ads in newspapers, both physical and digital, social media ads, newspapers, magazines, outdoor advertising, radio, podcast, event marketing, email marketing, etc.

In this age of digital world advertising in social media like Instagram, Pinterest, Facebook, WhatsApp, etc. that are relatively inexpensive advertising. For example, if you post details of your product on your business Facebook and the followers click on it and tag a friend, this is a free advertisement, and people are aware of your product.

Advertising through newspapers and magazines is traditional but is still a handy mode of advertisement. Plenty of people even reach out for the morning newspaper or love to read magazines.

But most of today’s print media have their own digital presence. Verbal promotion is also one of the most effective ways of promoting your product by repeating the message on radio and podcasts. But the method that mostly engages the consumer is to create a video and post it on social media or pay it to run on sites like YouTube.

For a unique type of market situation, and for various products, there are uncommon types of advertising. For example, advertisements for a product like biscuits will trigger the direct purchase action of the production. But the ad for an automobile will primarily be used to generate awareness and impart knowledge about the product to the consumer.

Each advertising media has its own pros and cons and one must evaluate all of them before selecting a particular media. The main thing that needs to be considered is that the advertising medium selected must be able to reach a large number of customers.

Egyptians used papyrus to make sales messages and wall posters. The tradition of wall painting can be traced back to Indian rock art paintings that date back to 4000 BC. Thomas J. Barratt from London has been called “the father of modern advertising”.

With today’s stiff competition in the market, advertising plays a crucial role in reaching out to both existing and potential customers. Without an effective advertising campaign, customers aren’t aware of new products.

The product is the heart of any advertising program. For successful advertising of the product, the marketing team needs to have in-depth knowledge of the product and its attributes. The packaging, trademark, color, style, and various other characteristics are the essential elements for effective marketing and advertising.

Advertising provides an effective way to inform the market about limited-time product sales events. Sale-based ads can be generated by local retail outlets or can originate from the product’s national manufacturer. In many cases, the national manufacturer shares the cost of the ad with the local retailer. This type of advertising is called co-op advertising, and commonly uses manufacturer-supplied graphics and ad templates. The local retailer’s name appears as the local product outlet. Businesses frequently use advertising to show how their product has more benefits, or is more effective, than similar competitors’ products. In some cases, the retailer feels it’s necessary to advertise because the competition is blanketing newspaper pages or television airwaves with its own ads. Unless other market retailers aggressively highlight their own products, they are likely to be overlooked in the minds of consumers.

 

Information Sources:

  1. smallbusiness.chron.com
  2. quora.com
  3. readingjunction.com