Word-of-Mouth Marketing
Monday, June 2nd, 2008
Word of mouth is the most powerful and sought after type of marketing. If your people are referring you to to their friends and family, who in turn refer to their friends and family, your likely-hood of closing is much, much higher – and its free!
There have been numerous studies done that found other customer’s testimonials are much more believable than shout advertising. WOM is so powerful there is even a Word of Mouth Marketing Association (WOMMA) that meets every year.
Why is it so powerful? Its trusted, its self-reinforcing (here it from many personal sources and its got to be true), and its self-perpetuating (the viral effect of others spreading it).
What are some technologies that employ WOM?
Community forums and ratings & reviews. Forums allow the product enthusiasts to discuss with each other your product. Check to see if a forum about your product or service already exists. If not, you can easily start one and kick off the forum which relevant questions. Let your lead customers drive WOM inside the forum to other spectators.
Ratings and reviews are huge. If you saw 30 Five-star ratings for a podcast with 30 positive reviews in iTunes on a topic you’re considering learning about (i.e. the stock market, real estate) and the other podcast had little or no activity, which you would consider downloading and listening to? iTunes’ ratings and review section is a huge initiator of downloads and subscriptions. Utilizing these features can add big-time listenership to your podcast.
Jonathan










