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The Importance Of Advertising To Modern Businesses - Business - Nairaland

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The Importance Of Advertising To Modern Businesses by magazineguy(m): 7:31am On Jun 12, 2017
Advertising is a great tool that when it is rightly deployed can help businesses to easily reach more customers and grow sales within a short period of time. According to Steuart Britt “doing business without advertising is like winking at a girl in the dark. You know what you are doing, but nobody else does”. For a business to continue existing, it needs steady patronage which should also result in optimum revenue.

There are several means of advertising a firm can use to create awareness for its product/service and attract customers. Depending on what suites a business, adverts can be done in prints, handbills, commercials, billboards and even branding of cars but the internet has provided a larger platform where businesses can access customers that are thousand miles away.

An advert that can communicate and convince a potential customer at first contact is always the best to deploy when a company is introducing a new product/service or when it sets high sales target. Advertising can assist modern businesses in the following ways:

Winning New Customers

An advert that educates potential customers in a convincing manner will easily win new ones as those with similar need will be prompted to try out the proposed value.

Awareness

When a company advertises, it is creating an awareness which may cover a wider range of population. Severally awareness creation has helped businesses to win customers and also earn referrals. A good example is when one experiences aches; there is always a brand of popular analgesic that people around will always prescribe to be taken.

Customer Retention

When your existing customers who are satisfied with your product/service are reminded continuously of your presence, it improves the level of confidence they have on the brand and thus improving customers’ loyalty.

Competitiveness

When a company’s advert totally convinces the potential customers that its product/service is of better quality than its substitutes. It helps the company to compete favourably.

source; http://tushmagazine.com.ng/importance-advertising-modern-businesses/

lalasticala, mynd44, dominique

2 Likes

Re: The Importance Of Advertising To Modern Businesses by mmb(m): 8:02am On Jun 12, 2017
This space is for sale.

2 Likes

Re: The Importance Of Advertising To Modern Businesses by NwaAmaikpe: 8:02am On Jun 12, 2017
shocked

All this won't be necessary if you have a very good native doctor.



No advert, no nothing, yet customers will be chasing you like hot akara.

2 Likes 1 Share

Re: The Importance Of Advertising To Modern Businesses by veekid(m): 8:02am On Jun 12, 2017
Garri no get advert; e sell pass indomie, who advert epp?

1 Like

Re: The Importance Of Advertising To Modern Businesses by smartty68(m): 8:03am On Jun 12, 2017
Ok. Tanku
Re: The Importance Of Advertising To Modern Businesses by Nobody: 8:05am On Jun 12, 2017
Interesting piece.
Many atimes, I wonder why small business owners in Nigeria do less on marketing.
Anyway, outshine your competitors with strategic marketing via bulk sms.
Check my signature on what to do.
Re: The Importance Of Advertising To Modern Businesses by benuejosh: 8:06am On Jun 12, 2017
marketing.
Re: The Importance Of Advertising To Modern Businesses by helphelp: 8:06am On Jun 12, 2017
Media houses can't go out of business...

Bar dey that level wella

Does anyone know how to go about this instagram sponsored ad?

I want a DIY approach pls. Thank you
Re: The Importance Of Advertising To Modern Businesses by justi4jesu(f): 8:08am On Jun 12, 2017
Yea nice points...
Re: The Importance Of Advertising To Modern Businesses by magazineguy(m): 8:15am On Jun 12, 2017
Check Facebook FAQ, It is stated there

helphelp:
Media houses can't go out of business...

Bar dey that level wella

Does anyone know how to go about this instagram sponsored ad?

I want a DIY approach pls. Thank you
Re: The Importance Of Advertising To Modern Businesses by magazineguy(m): 8:15am On Jun 12, 2017
thanks

justi4jesu:
Yea nice points...
Re: The Importance Of Advertising To Modern Businesses by magazineguy(m): 8:17am On Jun 12, 2017
Small businesses have limited budget, although that isn't an excuse. The business clime here in Nigeria doesn't guarantee sales in direct proportion with advertising


angelbulksms:
Interesting piece.
Many atimes, I wonder why small business owners in Nigeria do less on marketing.
Anyway, outshine your competitors with strategic marketing via bulk sms.
Check my signature on what to do.
Re: The Importance Of Advertising To Modern Businesses by bunchyproject(m): 8:18am On Jun 12, 2017
mmb:
This space is for sale.
How much
Re: The Importance Of Advertising To Modern Businesses by registration(m): 8:21am On Jun 12, 2017
okay lovely ... A reminder as well.
Re: The Importance Of Advertising To Modern Businesses by anthonypeters(m): 8:22am On Jun 12, 2017
Nice writeup, quite informative.
Re: The Importance Of Advertising To Modern Businesses by Nobody: 8:23am On Jun 12, 2017
Pastor Behind! please work on your template it ain't responsive at all.. Nice write up tho
Baba, I write *Behind* o. I don't know what *Behind* is doing there. All theses Nairaland mods that love *Behind* sef!
angry
Re: The Importance Of Advertising To Modern Businesses by magazineguy(m): 8:25am On Jun 12, 2017
Sorted now, do check again. Thanks

CocoBee:
Pastor Behind! please work on your template it ain't responsive at all.. Nice write up tho
Re: The Importance Of Advertising To Modern Businesses by ednut1(m): 8:27am On Jun 12, 2017
Primark uk does not advertise, St Louis sugar too same. Yet are thriving sad
Re: The Importance Of Advertising To Modern Businesses by Nobody: 8:33am On Jun 12, 2017
helphelp:
Media houses can't go out of business...

Bar dey that level wella

Does anyone know how to go about this instagram sponsored ad?

I want a DIY approach pls. Thank you

Lol...that's my area of specialisation...DM Me
Re: The Importance Of Advertising To Modern Businesses by Nobody: 8:33am On Jun 12, 2017
helphelp:
Media houses can't go out of business...

Bar dey that level wella

Does anyone know how to go about this instagram sponsored ad?

I want a DIY approach pls. Thank you
You think?

I'm having a Media house and pee advert we do.reaxh out to over 100k Nigerians

But the prices this people do offer are ridiculous
Re: The Importance Of Advertising To Modern Businesses by Nobody: 8:35am On Jun 12, 2017
How can you guys be comparing garri and foodstuff to advertising...sickness is bad..

1 Like

Re: The Importance Of Advertising To Modern Businesses by mrsage(m): 8:36am On Jun 12, 2017
ednut1:
Primark uk does not advertise, St Louis sugar too same. Yet are thriving sad

So are you suggesting that advertising is not necessary?
Re: The Importance Of Advertising To Modern Businesses by ednut1(m): 8:39am On Jun 12, 2017
mrsage:


So are you suggesting that advertising is not necessary?
at a point its not necessary. Coca cola wastes billions yearly advertising. When their competition Pepsi cant match their taste/quality
Re: The Importance Of Advertising To Modern Businesses by leksmedia: 8:50am On Jun 12, 2017
The effect of advertising cannot be over emphasised, every business needs to take advantages of cheap advertising mediums , first get a website visit www.leksmediaconcept.com
Re: The Importance Of Advertising To Modern Businesses by kunlesehan(m): 8:54am On Jun 12, 2017
nice one op.
I concur
Re: The Importance Of Advertising To Modern Businesses by free2ryhme: 9:09am On Jun 12, 2017
cheesy another post have spent up to 1hr and not reach second page


What is going on nairaland grin
Re: The Importance Of Advertising To Modern Businesses by braine(m): 9:26am On Jun 12, 2017
Kindly contact me if you need to make advert materials especially animated motion graphics for your business at a reasonable price. Shalom.
Re: The Importance Of Advertising To Modern Businesses by Nobody: 9:58am On Jun 12, 2017
magazineguy:
Small businesses have limited budget, although that isn't an excuse. The business clime here in Nigeria doesn't guarantee sales in direct proportion with advertising

You're right just that no matter the recession in the country, man must wack.
What food is to the body is exactly what marketing is to businesses.
Strategic marketing though.
Re: The Importance Of Advertising To Modern Businesses by helphelp: 10:17am On Jun 12, 2017
magazineguy:
Check Facebook FAQ, It is stated there


Thank you o jare

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