Websites are of paramount importance as they are the image in principle for every company on the internet. There's no doubt that a company without a website has zero online presence. Despite all the innovation and advancement, an online search is still the best and effective lead driver for most businesses. Your website must always have a detailed explanation of your products and services to help the oncoming traffic from a Google Search.
Social media platforms can never replace your website since they don't allow the users to have room for operation. Unlike websites, social media have its own set of rules which can be irrelevant to the best interests of your commercial online website.