WORD
OF MOUTH MARKETING
Most businesses realize that
they need to market themselves every day if they hope to be successful. But, many of these same businesses
also realize that self promotion may come with a heafty price tag.
As the cost of traditional advertising continues to grow, one tried-and-true way of
getting your message to potential customers continues to hang in there as an effective tool that can be
as extravagant or frugal as the budget will allow. . . word of mouth marketing.
By
definition, word of mouth marketing is giving people a reason to talk about you, your products and your services,
while making it easier for that conversation to take place.
As spending on word
of mouth marketing grew to $1.35-billion in 2007, marketers continue to learn ways to take advantage of
this phenomenon and use it to work within their marketing objectives.
According
to the Word of Mouth Marketing Association, WOMMA, word of mouth marketing techniques are based on customer satisfaction,
two-way dialog and good communication geared toward encouraging people to talk to each other about you.
Consumers are known to trust recommendations from friends, family, and a few other "influential"
sources. In fact, word of mouth is perceived as more trustworthy than most other forms of advertising and marketing.
Some WOM techniques regularly used today include:
Grassroots
Marketing - Organizing and motivating volunteers to promote your cause.
Community
or Social Marketing - Forming or supporting niche communities that may share their interests in your brand.
Buzz Marketing - Using high-profile entertainment or news to get people to use and
talk about your brand.
Viral Marketing - Creating an entertaining
or informative message designed to be passed along exponentially by email or through services such as youtube.com.
Remember that word of mouth marketing cuts two ways. Bad word of mouth travels
as fast, if not faster, than good. So, keep it honest or the people will.
For
more information about word of mouth marketing and how it can work for you, visit www.womma.com.