Has social media replaced traditional marketing?

Has social media replaced traditional marketing? The impact of social media on today’s marketing is incredible and widely accepted. Millions of companies are switching to social media for the promotions and publicity of their brands and services as it’s a less expensive and more effective way of marketing. Numerous people whether old or young use social media for different perspectives such as social interactions, making new friends, joining their college groups, learning new things or getting latest news. In spite of all these benefits and millions of users on social media, it is not successful in replacing traditional marketing completely. Certainly traditional marketing has become a less preferred idea but for various companies it is an important way of marketing and much of their profit depends upon traditional marketing strategies. There are several misconceptions about the traditional marketing, probably created by the digital marketers to incite customers to switch towards
http://bit.ly/1oilUro