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Word of Mouth Marketing

Word of Mouth Marketing
Copyright © Craig Warren

Online marketing presents you with an opportunity to get
more bang for your buck compared to traditional marketing.
This is particularly true for word of mouth marketing.

Word of Mouth Marketing on The Web

Word of mouth marketing refers to a type of marketing that
promotes something by enticing independent parties to
promote the service, idea or product to friends. The idea
is to create a buzz for the subject matter. In creating
the buzz, the goal is to create enough word of mouth
momentum to get the idea to spread quickly. People are the
sole conduit for the momentum. If you get it right, an
entire product can become an established success with
little or no paid marketing.

A classic example of word of mouth marketing, often called
viral, is the situation involving Red Bull. Red Bull is an
energy drink. When it was first introduced in Europe, rumors
spread that the drink was an aphrodisiac. Nobody knows who
started the rumors, but Red Bull became very popular. It
then evolved into a mixer for alcoholic drinks in nightclubs
and the rest is history. It is a hugely popular product and
much of the popularity arose through this word of mouth

Word of mouth marketing online works in much the same way.
The primary difference is it tends to happen much quicker
than in the real world. The Internet is full of forums where
like-minded people congregate. A new, cool product, idea or
service can blow up a site over night. If you don’t believe me,
consider the wild success of the Facebook platform,
Ebay and so on. Most of these sites grew into behemoths
because of word of mouth endorsements, not paid advertising.

Obviously, this type of marketing can lead to tremendous riches.
Unfortunately, it isn’t particularly easy to accomplish. Everyone
is trying to do it, so you really need to be pushing something
unique. If you can come up with something, it is time to hit
forums and other sites to create a buzz.

A traditional way to pursue viral marketing online is to offer
a free e-book. The book will detail your thoughts on some subject
matter, such as marketing. One makes the book available for
downloading and also allows people to send it to others. If you
are offering something of quality, the book should spread quickly
to thousands and thousands of people.

The ultimate goal is to promote it over and over until hundreds of
thousands of people have read it. At that point, you write another
e-book which you sell for $3 to $5. If people liked the first book,
they will buy the second. If 100,000 read the first one and only 10
percent by the second, you will have 10,000 sales. This strategy
has been pursued over and over by many authors.

The word of mouth approach is definitely a hit and miss strategy.
The large online communities make it a viable strategy, but there
are a lot of people trying to do it. If you fail 50 times, but
succeed once, life will be very good.

Resource Box:
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