Importance of Advertising

Advertising plays a very important role in today’s age of competition. Advertising is one thing which has become a necessity for everybody in today’s day to day life, be it the producer, the traders, or the customer. Advertising is an important part. Lets have a look on how and where is advertising important:

1. Advertising is important for the customers
   Just imagine television or a newspaper or a radio channel without an advertisement! No, no one can any day imagine this. Advertising plays a very important role in customers life. Customers are the people who buy the product only after they are made aware of the products available in the market. If the product is not advertised, no customer will come to know what products are available and will not buy the product even if the product was for their benefit. One more thing is that advertising helps people find the best products for themselves, their kids, and their family. When they come to know about the range of products, they are able to compare the products and buy so that they get what they desire after spending their valuable money. Thus, advertising is important for the customers.
2. Advertising is important for the seller and companies producing the products
   Yes, advertising plays very important role for the producers and the sellers of the products, because
   • Advertising helps increasing sales
   • Advertising helps producers or the companies to know their competitors and plan accordingly to meet up the level of competition.
   • If any company wants to introduce or launch a new product in the market, advertising will make a ground for the product. Advertising helps making people aware of the new product so that the consumers come and try the product.
   • Advertising helps creating goodwill for the company and gains customer loyalty after reaching a mature age.
   • The demand for the product keeps on coming with the help of advertising and demand and supply become a never ending process.
3. Advertising is important for the society
   Advertising helps educating people. There are some social issues also which advertising deals with like child labour, liquor consumption, girl child killing, smoking, family planning education, etc. thus, advertising plays a very important role in society.

The significance of advertising in business:

1. Crucial for a launch or announcement,
2. Source of revenue for publishers,
3. Promotes goods, services, ideas, and events,
4. Helps in increasing the sales,
5. Maximize the profit of an advertiser,
6. Creates consumer awareness,
7. Educate the society,
8. Is Art, Science, and Profession,
9. Demands creativity,
10. Marketing mix element,
11. Target oriented,
12. Use persuasion for results,
13. Demands monitoring of demand and supply,
14. Builds brand's image, and
15. Generates employment.