Three great ideas on word of mouth marketing

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I got these from Guy Kawasaki's blog, where he previewed a book by Andy Sernovitz, the CEO of the Word of Mouth Marketing Association, called "Word of Mouth Marketing". There are 10 ideas in all at his original post
  1. A study by the Verde Group showed that people who heard about a bad shopping experience are less likely to go to the same store than the person who actually had the bad experience.
  2. The most powerful word-of-mouth advocates might be the customers who have only done business with you once so far. They are the most excited; repeat customers are probably accustomed to the great product/service and therefore, ironically, less likely to talk about it.
  3. Incentives and rewards are likely to reduce word-of-mouth advertising because motivation becomes suspect. You can’t “buy” word-of-mouth advertising.
Now, I'm bootstrapping yet another venture - whose marketing effort (surprise surprise) will be driven by word-of-mouth marketing. Looks like I need to brush up on the stuff again, and buy this book!

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This page contains a single entry by Arun Sadhashivan published on August 25, 2006 1:42 PM.

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