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Many company now a days preferred to use social media as their company site because its free, but they don't realized that it makes thier business look cheap and it does not have a permanent internet address, social media is good only as an additional page for your company if you have your own existing website.
When you have your own website as a company this will boost the client's confidence towards your company, you can have a products or services and do online transactions securely, worldwide.
If you are a student or a person looking for job, there is a great advantage if you have your own website as it allow you to post your resume and put all the list of portfolio design it the way your want it.