These days, it seems we can’t make a purchase decision on our own. We literally have the world at our fingertips, and can seek out the opinions of like-minded individuals, subject-matter experts or data aggregators before we pull the trigger.
In fact, there’s so much talk that some speculate it has watered down the impact of buzz or chatter about a brand. We “like” things at a frenzied pace, we post and comment, tweet and re-tweet, subscribe and forward. But as volume increases, so does our desire for more, and our need to know what others think.
Consider these stats from independent research studies conducted earlier this year:
- When asked what sources “influence your decision to use or not use a particular company, brand or product,” 71 percent claim reviews from family members or friends exert a “great deal” or “fair amount” of influence.
- 53 percent of people on Twitter recommend companies and/or products in their Tweets, with 48 percent of them delivering on their intention to buy the product.
- The average consumer mentions specific brands more than 90 times per week in conversations with friends, family, and coworkers.
If you don’t trust statistics, just think about the power of word of mouth (WOM) when something bad happens with a brand. In this age of social media, word travels so fast that damage can be done in a matter of minutes. As Winston Churchill put it, “A lie will travel half way around the world before the truth even has a chance to put its pants on.”
So, WOM is powerful. But what exactly constitutes a WOM program? The Word of Mouth Marketing Association (WOMMA) has been kind enough to provide a list of 11 types of programs:
- Buzz Marketing: Using high-profile entertainment or news to get people to talk about your brand.
- Viral Marketing: Creating entertaining or informative messages that are designed to be passed along in an exponential fashion, often digitally or by e-mail.
- Community Marketing: Forming or supporting niche communities that are likely to share interests about the brand (e.g., user groups or fan clubs) and providing content for them.
- Grassroots Marketing: Organizing and motivating volunteers to engage in personal or local outreach.
- Evangelist Marketing: Cultivating evangelists, advocates, or volunteers who are encouraged to take a leadership role in actively spreading the word on your behalf.
- Product Seeding: Placing the right product into the right hands at the right time, providing information or samples to influential individuals.
- Influencer Marketing: Identifying key communities and opinion leaders who are likely to talk about products and have the ability to influence the opinions of others.
- Cause Marketing: Supporting social causes to earn respect and support from people who feel strongly about the cause.
- Conversation Creation: Interesting or fun advertising, e-mails, catch phrases, entertainment, or promotions designed to start word-of-mouth activity.
- Brand Blogging: Creating blogs and participating in the blogosphere; sharing information of value that the blog community may talk about.
- Referral Programs: Creating tools that enable satisfied customers to refer their friends.
Some may argue that not all these programs should fall under the WOM umbrella. I would argue that it really doesn’t matter. Programs like these will get people talking about your brand. And the more people are talking, the more opportunities you are creating to sell!
— Ellen Repasky, SVP, Account Director