Social media marketing has become a game-changing way for businesses to promote themselves across the four main pillars of marketing: promotion, product, price, and place. By utilizing advertisements, influencer endorsements, and organic sharing on platforms people spend most of their time on, businesses can more easily reach broader demographics and notify potential customers of deals, discounts, and product benefits in a convenient, accessible manner. Influencers with large followings are paid to promote businesses with a few social media posts, while advertisements and sponsorships are also paid endorsements that can spread word of new products or business news efficiently.