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Provide: Advertising provides you the opportunity to present customers with information about your products and services. Present: Advertising allows you to put forth a favourable image that differentiates you from your competitors while letting your customers know why they can depend on you. Protect: Advertising helps you retain and grow your customer base, which in turn helps you build and protect your market share. - On average, businesses will lose 1/3 of their customers every year.
Profit: Advertising brings you customers. Customers bring you business. Business generates revenues and profits. Simple.
There are two markets that your business can advertise to: - The known market: those who are familiar with your business, such as past customers or referrals.
- The unknown market: those who do not know of your business or have not purchased your products or services in the past.
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