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Introduction
It is essential to mention that advertising surrounds people; it is an integral element of modern business. Advertising is a type of marketing activity, which is to disseminate information about the product to attract more customers. Large organizations understand the need for quality advertising, which is why they create departments where specialists are engaged in marketing. Accordingly, an effective advertising campaign makes the brand more recognizable and significantly increases the firms profit (Schneider, 2017). Therefore, it is crucial to identify and compare the advantages and shortcomings of different promotion types.
Benefits and Drawbacks of Types of Advertising
Media or banner advertising involves posting text or graphics on websites, forums, and portals. One of the main advantages of the banner is that it contains animation, which is usually an excellent eye-catcher for visitors (Schneider, 2017). In addition, the banner usually has a hyperlink to the resource being promoted, due to which it is actively attracting targeted traffic. Among other benefits, media advertising provides comprehensive coverage of the audience. Its use can quickly increase sales of well-known brands, as and promote new products and services. Currently, experts widely use banner ads during various promotions and brand promotions. The disadvantages of this type of advertising include that half of the clicks on banners happen by accident, at least on mobile devices (Deepak & Jeyakumar, 2019). Another shortcoming of banner advertising is that many users do not view it because they use programs that block such commercials.
The next type of marketing, contextual advertising, serves primarily to attract and increase the number of potential customers. It is a text-graphic or text block displayed with the advertising platforms content (Deepak & Jeyakumar, 2019). Among the main advantages of contextual advertising can be called the demonstration of blocks already interested audience, the fee charged per click on the ad, and the loyalty of users who perceive such advertising as part of the information on the site (Deepak & Jeyakumar, 2019). The main disadvantages are the high cost, complicated configuration, the need for regular maintenance, and increased competition.
Moreover, the type of advertising is advertising in social networks; this method of advertising is currently developing rapidly. It can be organized by several methods: by placing banners and contextual ads on users pages. In this case, the payment is made only for the number of impressions of ads or the number of clicks on them (Deepak & Jeyakumar, 2019). Additionally, the creation of thematic communities with the active involvement of subscribers, that is, interested public potential customers. To attract visitors to social networks to any particular site, such advertising has the following advantages. This includes targeting the target audience, detailed analysis of the course of advertising, cheap cost, and involvement of a large audience (Deepak & Jeyakumar, 2019). Promotion in social networks also has disadvantages; for example, attracting a mass audience in highly specialized areas is impossible, and it is difficult to analyze the effectiveness of promotion in advance.
The Most Effective Type
The most effective type is advertising in social networks because it is, first of all, a gathering of a live audience interested in communication and shopping. Furthermore, almost 50% of the worlds population uses social networks (Deepak & Jeyakumar, 2019). This is more than 3 billion users around the world. Statistics show that 93% of social media advertisers regularly use Facebook ads. In addition, 81% of companies prefer video marketing on Facebook (Deepak & Jeyakumar, 2019). Thus, an increasing number of companies use social networks because half of the worlds population is registered in them.
Conclusion
Hence, advertising is distributed in different ways, depending on the goal that the company is attempting to achieve or the target audience that the campaign is aimed at. However, one of the most effective types of advertising is social media promotion. This is because it does not require significant financial investments, but attracts a significant amount of audience. In addition, the types of advertising include media and contextual.
References
Deepak, R. K. A., & Jeyakumar, S. (2019). Marketing management. Educreation Publishing.
Schneider, G. (2017). Electronic commerce. Cengage Learning.
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