Marketers Missing Out on Word of Mouth?

A couple of interesting studies have been released since the last time we covered word-of-mouth (WOM) marketing.

First, a Millard Brown/NAA study (covered by eMarketer and MediaPost) shows that one of the best ways to generate WOM may be via the press because readers of online newspaper Web sites are:
  • 52% more likely to be categorized as influencers (i.e., those who share their opinions)
  • Influence 38% more people weekly than non-newspaper Web site readers
  • More apt to believe their newspaper Web sites had credible advertising.
  • Typically "early adopters" of new products and technologies
Second, a Ketchum/USC report (covered in eMarketer) shows that advice from friends, family and experts is consistently cited as an important factor in consumer-purchase decisions, and the Internet has made it easier to spread WOM quickly. And tThe number of people who have influence—because of their expertise, their passion and their connections—is likely to grow, as the Web offers more user-generated content opportunities and as more companies make WOM a priority (currently, fewer than one-quarter of marketers said they had a WOM program!)

Their conclusion - "communications professionals need to vigorously reassess their communication priorities to meet consumers' needs in this multimedia channel world... Winning (influencers) over is likely to be on every marketer's to-do list."

Three more interesting articles on the subject:
  • Word-of-Mouth Has Become Accepted - When early ver­sions of WOM, or “buzz,” campaigns became prominent about five years ago, they inspired passionate debate over transparency and public trust. But in an ROI-obsessed world, per­haps the strongest argument against WOM wasn't that it was deceptive, but that it was not measurable. Today, WOM is an accepted part of the marketing mix and has its own set of ethical guidelines and mea­surement techniques that in many ways are informed by practices used by direct marketers.

  • More marketers using word of mouth to whip up sales - Word of mouth is one of the oldest forms of advertising. Yet it is only in the past few years that a diverse range of marketers, from drug companies such as GlaxoSmithKline to clothing manufacturers such as Lee Jeans, have begun to make it a regular staple of their brand strategies. For one thing, it is relatively cheap. More important, it is trusted.

  • Marketers Make Friends With Savvy Online Consumers - Word-of-mouth--or rather word-of-mouse--marketing is a natural outcome of social networks. Consumers compile connections and further feather their nests with friends of friends. Financial services, consumer packaged goods and cars all make sense to market through social networks such as Facebook, MySpace, Gather and more.


Posted by Universal Ad

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