News – Trends – Updates

Book Summary: Secrets of Word Of Mouth Marketing


Spread the word about your hot new product or business!

Word-of-mouth advertising is the most potent and persuasive weapon you can use, and it will not cost you anything! Based on George Silverman’s many years of consulting with successful word-of-mouth campaigns of his own clients, here is one of the first sources on how to harness the often underestimated power of word-of-mouth, and be heard over the media noise.

one. Word-of-mouth is actually the center of the advertising universe.

two. Just as it is untrue that the sun revolves around the earth, advertising does not really revolve around advertising, selling, and promotions. Much of advertising actually centers around illusion-development.

3. Word-of-mouth offers an authenticity to it simply because the supply is normally independent of the business, he or she is providing his or her own candid viewpoint and consequently, the advertising seems credible.

4. Advertising is the renting of a medium to deliver out a carefully crafted concept to a specific audience. Every thing is compensated for, while word-of-mouth is a much more efficient tool and greatest of all, it is absolutely totally free.

five. Word-of-mouth can consider on a life of its own. There are no limits to how far-reaching it can be. Just study how fast a great joke on the e-mail circulates.

six. Research have proven that a satisfied consumer will inform an typical of three people about a product or service she likes, and eleven people about a product or service with which she had a negative experience.

seven. Because this is the age of the Internet, e-mail, web sites, chat rooms, and video teleconferencing, word-of-mouth is even much more important to companies these days than ever before prior to.

8. The most important way by which product sales can increase is by growing the pace with which decisions are made. Choice pace is the time it takes for your consumer to go from initial awareness to enthusiastic use and recommendation of your product or service. Simplicity, ease, and fun govern the choice procedure.

nine. Advertising good results is determined much more by the time it takes for your consumer to determine on your product than by any other single element. Choice pace is much more potent than positioning, picture, worth, consumer satisfaction, guarantees, or even product superiority.

ten. Shortening the customer’s choice cycle indicates your product’s benefits, claims, and guarantees must be obvious and compelling info must be obvious, balanced, and credible comparisons must reveal meaningful variations, your trials should be totally free and simple, your evaluations, obvious and easy. Guarantees should be ironclad and generous. Testimonials and other word-of-mouth advertising must be relevant and believable. Delivery, training, and assistance offered must be exceptional.

11. A great way to spread the word on your business is to circulate accurate, constructive stories about it. FedEx is famous for its legendary employee who hired a chopper just to provide a package deal forgotten on the tarmac. Individuals adore a great tale, and that is the essence of word of mouth.

twelve. There are nine ranges of word-of-mouth. They variety from the public scandal of minus 4, the product boycott of minus 3, to the raving customers/advocates who inform you how great your product or service is (plus 3) to the &quottalk of the town&quot level (plus 4).

13. Examples of these who have attained plus 4 level of word-of-mouth advertising are:

14. Lexus Automobiles, Saturn Car Business, Harley-Davidson, Netscape Navigator, Celestial seasonings herbal tea, The Internet, and Apple Computer.

15. Some ways of harnessing word of mouth are by utilizing experts like customers, suppliers, salespeople, experts’ roundtable discussions and selling groups. Take benefit of seminars, workshops, and speaking engagements, dinner conferences, teleconferenced panel discussions, and trade shows. &quotCanned&quot Word of Mouth is made up of placing out videotapes, audiotapes, utilizing a nicely-created website, or distributing CDs. There are also ways such as referral selling programs, testimonials, and networking techniques, hotlines (one-800 numbers) and e-mail.

sixteen. Utilizing traditional media for Word of Mouth indicates utilizing consumer service as a word-of-mouth engine, public relations, placements, unusual events, promotions, word of mouth in advertisements, product sales brochures, or immediate mail, salesperson programs, product sales stars, peer training, or utilizing salespeople as word-of-mouth generators, word-of-mouth incentive programs (&quotTell-a-friend&quot programs), useful presents to customers (articles, how-to manuals) that they can give their friends.

17. Workers should be actively spreading word of mouth about your products. Spread stories around about examples of exceptional consumer service. Give people a typical mission and make rewards dependent on the accomplishment of that mission.

18. Word of mouth accelerates the procedure of consumer choice-making, from deciding to determine, asking for info, weighing choices, evaluating a totally free trial, and then lastly becoming a consumer and advocate.

19. With consumer-oriented service, your business can increase product sales via word of mouth.

Specific actions in creating a word of mouth marketing campaign:

one. Find some way to get the product into the fingers of crucial influencers.

two. Offer a channel for the influencers to speak and get all fired up about your product.

3. Collect testimonials and endorsements, like actual letters of praise.

4. Form an ongoing group that meets as soon as a year in a resort but as soon as a month by teleconference or every day by list group

five. Create fun events to deliver customers collectively and invite non-customers. Saturn, Harley-Davidson, and Lexus have been successful with this method.

six. Create cassettes, videotapes, and clips on your Web website featuring enthusiastic customers speaking with other enthusiastic customers. Custom-produce some CDs for every potential consumer.

seven. Conduct seminars and workshops

8. Create a club with membership benefits

nine. Pass out flyers. Inform friends. Offer unique incentives and discounts for friends who inform their friends.

ten. Use the Internet!

11. Do at least one outrageous factor to generate word of mouth.

twelve. Empower workers to go the extra mile.

13. Network and brainstorm for ideas

14. Operate unique product sales

15. Script! Inform people exactly what to say in their word of mouth communication.

By: Regine P. Azurin and Yvette Pantilla href=”http://www.bizsum.com “A Lot Of Great Publications….As well Little Time To Read” Totally free Guide Summaries Of Latest Bestsellers and More!

mailto:freenewsletter@bizsum.com BusinessSummaries is a BusinessSummaries.com service.

(c) Copyright 2001-2005, BusinessSummaries.com

Regine Azurin is the President of a business that offers company book summaries of the latest bestsellers for busy executives and business owners.










Tagged as: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,