Word-of-Mouth Marketing
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Transcript of Word-of-Mouth Marketing
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WORD-OF-MOUTH MARKETING
Laura Moore | MKTG 6226
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WHAT IS WORD-OF-MOUTH MARKETING?
Buzz
Viral Guerrilla
Social Media
"People have grown increasingly skeptical of packaged, canned, Madison Avenue-speak”
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HOW EFFECTIVE IS WOM?
• In America there are 3.3 billion brand mentions in
2.4 billion brand-related conversations EVERY DAY
• Driving Forces of Purchase Decisions
• Word-of-Mouth – 54%• Website Info – 47%• Email from a Friend – 42%• Online Review – 31%
• Americans that Trust Offline Word-of-Mouth• 59%
• Americans that Trust Online Word-of-Mouth• 49%
Statistics via WOMMA
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A LITTLE HISTORY• Word of Mouth is as old as oral communication
• Studying the phenomenon took off in the 20th century
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KEY INGREDIENTS IN WOMM
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WOMM IN THE AGE OF THE INTERNET• Coverage is exponentially greater
• Facebook, Twitter, Digg, Reddit and Youtube are key players, and more crop up all the time
• Bloggers have become very effective WOM marketers
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HUMOR AND EFFECTIVE WOMM
• Creates Buzz
• Shapes brand reputation
• Increases the chance of the “word” being passed on
Strategy is still very important, there has to be a message/brand connection
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BUT HOW?
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HOW DID THAT DOUBLE TREE INCIDENT PLAY OUT?• A sympathetic editorial in the trade publication Travel Weekly
• Coverage in national publications such as USA Today
• An offer of a complimentary two-night stay in any Hilton Hotel
• A sizeable donation to the Toys for Tots charity
• Harm to Doubletree/Hilton’s reputation as the humorous PowerPoint inevitably spread across the web
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SOME PERSONAL WOMM
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LET’S TALK ABOUT IT