Organizations are expanding globally to capture a large customer base and increase their revenues. They intend to take advantage of growing markets for their products internationally. However, reaching geographically dispersed consumers is not an easy job for the management; they need to adopt appropriate strategies for achieving these objectives. The marketing function of businesses plays a major role in facilitating the firm to reach the global audience. It is the responsibility of the marketing team to inform consumers about the existence of the product and persuade them to make a purchase. Moreover, they are also accountable for ensuring that the needs of customers are timely met and the product is delivered to them upon request. But, as organizations are targeting customers that are located outside their national boundary, it is increasingly becoming challenging for them to satisfy their needs. An important function of marketing is “advertising”, which fulfills two main objectives that include i. Inform and ii. Persuade.
Advertising enables organizations to create awareness about the existence of their products and persuade the consumers to make a purchase. There are different forms of advertisements that companies can use to promote their products such as print and electronic. Although there are several mediums that have helped firms over the past years through which they can advertise, with the evolution of advertising; social media has emerged as a key tool for businesses to reach vast audience. Social media advertising has come a long way in a relatively short period of time. The first advertising option was launched by Facebook in May 2005. People had not expected that this advertising media will help in generating revenues of estimated $8.4 billion in 2015 i.e. within 10 years. Modern businesses are highly motivated to use online advertising, as it facilitates in finding new potential customers by using users’ own shared information and identify their interests. Social media advertising is not a buzzword anymore. It has become a key tool for increasing sales and companies are increasing their spending on social advertisements. There are millions of consumers who use Facebook, Twitter, and other social networks, who would not want to take advantage of it.
There are a lot more facts and figures about the increased interest of organizations in the use of social media advertisements. If you have been assigned the task to dig deeper into the matter then what are you waiting for? Visit our website Custom Essay Dorm to let a professional writer search some interesting and reliable information for you. So if you intend to place your order with us you can contact us anytime we will be available at your service and ready to help you out. You can contact us to get your work done at a reasonable price. We also ensure to deliver the work before your deadline so that you can check before you submit your work for the final grade. If you think any further changes are required we will be more than pleased to revise your work. While, we only deliver the work that is completely complied with no mistakes.Get a custom essay on Effects of Social Media Advertising “Order Now” Read the next academic writing “Essay: Triple Bottom Line in Business“