The advantages and disadvantages of advertising boils down to one aspect key aspect - cost.
BENEFITS
Advertising is generally costly, but has to be viewed as an investment and a cost that is going to pay for itself many times over. There are many different types of advertising and not all forms of advertising cost money. The most effective form is word of mouth - when previous customers make recommendations to others. This type of endorsement is invaluable and comes off the back of good service previously delivered. Word of mouth advertising however rarely delivers massive results, instead it is more likely to bring a steady stream of business and enhanced reputation.
Media advertising through television, radio and newspapers is a reliable way of driving sales and results, but is an expensive venture. Selecting your target audience and the medium best suited to reach that audience is an art in itself, but when completed properly provides great returns.
DISADVANTAGES
The downside of advertising is that you have to have your business geared up to cope with additional demand, as well as targeting the right audience. If you spend money on a campaign and do not have the stock or manpower to deal with the demand that follows, it could end up being counter-productive. Being unable to match demand or meet promises can be very damaging to the reputation of a company. If customers are let down or not happy with the service they receive following an advertising campaign, it could be a long time before they consider doing business again.
A well planned, targeted advertising campaign can revolutionize a company, bringing them to the public attention and creating a market that can continue to pay dividends for months to come. By keeping the message straightforward and simple a campaign can create a favorable impression, leading to inquires and orders, and giving the company the opportunity to maximize business and profits.
BENEFITS
Advertising is generally costly, but has to be viewed as an investment and a cost that is going to pay for itself many times over. There are many different types of advertising and not all forms of advertising cost money. The most effective form is word of mouth - when previous customers make recommendations to others. This type of endorsement is invaluable and comes off the back of good service previously delivered. Word of mouth advertising however rarely delivers massive results, instead it is more likely to bring a steady stream of business and enhanced reputation.
Media advertising through television, radio and newspapers is a reliable way of driving sales and results, but is an expensive venture. Selecting your target audience and the medium best suited to reach that audience is an art in itself, but when completed properly provides great returns.
DISADVANTAGES
The downside of advertising is that you have to have your business geared up to cope with additional demand, as well as targeting the right audience. If you spend money on a campaign and do not have the stock or manpower to deal with the demand that follows, it could end up being counter-productive. Being unable to match demand or meet promises can be very damaging to the reputation of a company. If customers are let down or not happy with the service they receive following an advertising campaign, it could be a long time before they consider doing business again.
A well planned, targeted advertising campaign can revolutionize a company, bringing them to the public attention and creating a market that can continue to pay dividends for months to come. By keeping the message straightforward and simple a campaign can create a favorable impression, leading to inquires and orders, and giving the company the opportunity to maximize business and profits.