The first edition of The Secrets of Word-of-Mouth Marketing provided readers with step-by-step guidance for constructing a word-of-mouth marketing campaign that would penetrate successive audience tiers and build sales exponentially. Extensively revised to reflect the profound changes in the marketplace, from new attitudes and communication methods, to new ways of relating to increasingly wary Web 2.0 customers, the second edition of this groundbreaking book shows readers how they can move beyond traditional approaches to inspire the kind of word of mouth that catches fire and generates revenue.

Featuring enlightening case studies and examples, as well as an updated version of the author’s innovative Decision Matrix for identifying potential buyers and deter mining and crafting the right kind of message, The Secrets of Word-of-Mouth Marketing simplifies the process of choosing the delivery method, harnessing the power of influencers, and measuring results. From how to navigate the latest digital media to what Malcolm Gladwell got wrong, this is still the last word on word of mouth.

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What is the most effective form of marketing today? Over the years, the answer hasn’t changed--word of mouth. Discover the innovative Decision Matrix for determining and crafting the kind of message that catches fire.
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C O N T E N T S

Acknowledgments ix

Prologue: The Calf-Path xiii

Introduction 1

Why Th is Book—and Word-of-Mouth Marketing Today—Is Diff erent •

Secrets • “Let’s Go Up a Level of Abstraction” • Stupid Questions •

Customer = Prospect unless Customer ≠ Prospect • “Buy” = “Buy into”

= “Adopt” = “Believe,” Also, “Sell” = “Convince” = “Persuade” • Product

= Service = Idea = Methodology • Word-of-Mouth Marketing Is NOT

Word-of-Mouth Advertising

CHAPTER 1 The Systematic Approach to Word of Mouth 7

Th e Digital-Information-Knowledge-Transportation-Communications-

Internet-Marketing-Word-of-Mouth Revolutions • Th e Dot-Com Super

Bowl • Th e New Media • Th e New Challenges of Marketing • Th is

Book Has a New Purpose—Our Goals Have Changed • A Trip into a

New Way of Th inking

CHAPTER 2 Dominating Your Market by Easifying the Customer

Decision Cycle 27

Th e Function of Word of Mouth • What Is Marketing? • Decision Speed

• Your Decision Easifi cation System • How to Do It • Cut Decision

Time in Half

CHAPTER 3 How to Use Word of Mouth to Easify the Decision Process 51

Property 1. Word of Mouth’s Megapower • Property 2. Th e Speed of

Word of Mouth • Property 3. Independent Credibility • Property 4.

Th e Hidden Advantage of Word of Mouth: Experience Delivery • Property

5. Word of Mouth Is More Relevant and Complete • Property 6.

Word of Mouth Feeds on Itself • Property 7. Word of Mouth Itself

Becomes One of the Product’s Attributes

CHAPTER 4 The Decision Process 79

Th e Decision Process—Overview • Th e Adopter Types: How Word of

Mouth Works for Diff erent Types of Decision Makers • Decision

Styles—Putting Together the Adopter Types With the Decision Stages •

Th e Decision Matrix

CHAPTER 5 Six Ms to Live By 105

Th e Six Ms • Give Th em Something to Talk About • So, the Form Is

Stories. What’s the Content?

CHAPTER 6 The 2nd M: The Mavens 123

Delivering the Message • Th e Controversy: Infl uencers Versus Peers •

Sources of Word of Mouth • Expert-to-Expert Word of Mouth •

Expert-to-Peer and Peer-to-Peer Word of Mouth • Th e Catch-22 of

Marketing • Delivery of Word of Mouth • Th e Care and Feeding of

Champions

CHAPTER 7 The 3rd M: Motivation 141

Beware of a Trap: Intrinsic Versus Extrinsic Word of Mouth • Th e

Secret Exception • Another Trap

CHAPTER 8 The 4th M: Means or Media 145

Additional Ideas • Search Engine Optimization • Getting Involved

CHAPTER 9 The 5th M: Measurement 155

Th e Problem • Th e Diff erence Between Measurement and Research •

How to Research Word of Mouth • Other Research Designs

CHAPTER 10 The 6th M: Multiplication 161

What Is Trust? • Further Secrets of Trust

CHAPTER 11 (Almost) Everything I Learned About Marketing,

I Learned in My Father’s Drugstore. Let Me Share It With You. 165

Key Secrets from My Father’s Example • More Secrets from My Father’s

Example

CHAPTER 12 Constructing the Ultimate Word-of-Mouth Campaign 173

Th e First Word-of-Mouth Programs • How I First Harnessed Word of

Mouth • Success Stories of Word-of-Mouth Sessions • Making Word

of Mouth More Valuable • Situations Th at Benefi t from Word-of-Mouth

Programs, Events, and Sites • Products With Which You Should Avoid

Word-of-Mouth Events

CHAPTER 13 Six Steps to Harnessing Word of Mouth 189

Constructing Your Word-of-Mouth Campaign • An Example of the

Six-Step Process • Th e Process in Detail • Product Seeding • Very

Expensive Products • Internal Word of Mouth • Word-of-Mouth

Campaigns With High-Ticket, Professional Products

CHAPTER 14 Which Methods Work Best for What?

A Word-of-Mouth Checklist 207

Sources and Delivery Mechanisms • Word-of-Mouth Checklist

viii Contents

CHAPTER 15 Word-of-Mouth Marketing for Specifi c Audiences

and Circumstances 213

How to Develop a WOMworthy Diff erentiation in a Practice or Profession

• Secrets of Word-of-Mouth Marketing for Specifi c, Special, or Narrower

Circumstances • Additional Tips, Techniques, and Suggestions

CHAPTER 16 Tips, Techniques, and Suggestions That Will Make

It Easier 231

Who Can Help You Construct Word-of-Mouth Campaigns? • Wordof-

Mouth Fraud and Other Shady Practices

Epilogue: Let’s Talk 235

Bibliography 237

Recommended Reading 239

Appendix 243

Index 251

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PRAISE FOR PREVIOUS EDITIONS OF RAISING CAPITAL:

“… a definitive guide for entrepreneurs and growing companies that need to raise capital.”

— Fort Worth Star-Telegram

“Combating the often elusive nature of understanding private investing and venture capital, Andrew Sherman has prepared in one reference source a primer that demystifies in simple, layman’s terms how this process actually works. A must-have for any first-time entrepreneur in search of capitalizing a start-up enterprise.”

— Julia Spicer, Executive Director, Mid-Atlantic Venture Association

“Kudos to Andrew Sherman and his editors. Rarely does a second edition of a best-selling primer widely improve on its original. But Sherman’s new Raising Capital does that grandly. For anyone embarking on raising money—for the first time or the tenth time — this is a must-have tool. It’s the next best thing to having Andrew Sherman himself at your elbow.”

— Burt Alimansky, Chairman, The Capital Roundtable, and Managing Director, Alimansky Capital Group Inc.

“Capital is the lifeblood of an organization, and Raising Capital is the definitive guide to making it pump. Andrew Sherman has pulled all the tips and tricks together into one comprehensive guide. Raising money is hard enough; finding out how to do it shouldn’t be.”

— Verne Harnish, “Growth Guy” syndicated columnist; Founder, Young Entrepreneurs’ Organization

“I heartily recommend Raising Capital to all entrepreneurs starting down the fundraising path. If those seeking funding from our angel investor groups would read this book first, there would be a lot fewer disappointed business owners!”

— John May, Co-Founder, The Dinner Clubs and coauthor of Every Business Needs an Angel

“Andrew Sherman has been counsel to some of the most exciting start-ups in the mid-Atlantic region. His hands-on experience guiding companies through good times and challenging periods provides the real-world insight that aspiring entrepreneurs can put to use. Because he recognizes that not all start-ups are candidates for venture capital, he lays out the various alternatives. For those companies which are a good match for venture capital, he provides practical guidance for getting from business concept to successful IPO or acquisition.”

— John S. Taylor, Vice President of Research, National Venture Capital Association

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Produktdetaljer

ISBN
9780814416686
Publisert
2011
Utgave
2. utgave
Utgiver
HarperCollins Focus
Vekt
1 gr
Høyde
90 mm
Bredde
60 mm
Dybde
8 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
272

Forfatter

Biografisk notat

GEORGE SILVERMAN, an acknowledged expert in word-of-mouth marketing, has been designing successful campaigns since 1971. He is founder and CEO of Market Navigation, Inc., a consulting firm specializing in simplifying customers' decision steps through word of mouth.