During recent Years,"Social Media" is a popular term in the marketing world. A number of people have asked me what is "Social Media Marketing". Social Media is a good tool for marketing. It helps to spread out your name from your friends to their friends, then from their friends' to their friends' friends etc.
You need other good tools. You still need a website. There is a limited information in social media. You need a website to put the detailed information. Moreover, a number of people are still using search engine. You still need a website for search engines to do indexing. Lastly, you need a website to build your corporate image! Please do not forget the old good tool!