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Essentials of Word of Mouth Marketing
By Marty Foley
What's the least expensive, yet most credible form of advertising?
Yes, it's word of mouth.
Every business, either knowingly or unknowingly, generates word of
mouth that is either positive - which helps build their business,
or negative - which hurts it. There are even some fortunate (but
relatively few) businesses that rely entirely on word of mouth to
generate more business than they can handle.
How many times have you made a decision to do business with (or
avoid doing business with) a certain company based on what someone
else told you? Probably more than you realize or can even count.
When someone says good things about your business to someone else,
it serves as a real-life testimonial, which is much more
believable than when you toot your own horn by saying good things
about it.
Studies have shown that the vast majority of dissatisfied
customers and prospects won't voice complaints to responsible
persons in a business which they've experienced some
dissatisfaction with, but will quietly take their business
elsewhere. And since they'll likely spread negative word of mouth
about their experience to others, not only does the business lose
future business from the dissatisfied customer or prospect, but
also from others that may be repelled by hearing such negative
word of mouth.
That doesn't have to be true in your case, however. Here are some
tips on generating positive word of mouth advertising for you and
your business:
1) The foundation of generating positive word of mouth is offering
quality products and services. If what you offer is shoddy, you'll
generate word of mouth, but it will be negative, which will hinder
others from doing business with you as word gets around. You'll be
shooting yourself in the foot.
Therefore you should aim to make your products and services the
best they can be. Realize there is almost always room for
improvement and be willing to make such improvements when
reasonably possible.
2) Solicit, yes, actively seek feedback in the form of questions,
comments, and even complaints from customers and prospects. View
these as opportunities to improve your products, services and
customer support.
3) Another key is delivering excellent customer service. So many
business people treat customers and prospects as though
they don't count for anything.
How many times have you been treated rudely by customer service
personnel at a place of business? What about business people that
tell you they will call you right back, or that they will send the
information out to you right away, or that they will do this,
that, or another thing, but consistently don't follow through on
their word?
Granted, nobody's perfect. But if they practice such things
consistently, you tend to believe less and less of what they tell
you, like the boy who cried wolf. Will you be eager to continue
doing business with them? Not likely. Especially since repeat
business is crucial to most any business, such practices -
although common everyday practice - are self defeating.
4) Do your best to follow through with what you say you're going
to do. Don't make unreasonable promises you know you can't keep.
If something unforeseen comes up that prevents you from living up
to your word, try to let the other party know about it in advance.
5) Don't just try to meet your customer's expectations. Try to
exceed them.
6) If a customer is not satisfied, take reasonable steps to try to
make them happy. You might even convert a disgruntled person into
one of your best word of mouth advertisers.
The above things aren't just the right thing to do; they are smart
business practices.
If you (and any employees you may have) act differently than the
run of the mill standard, you'll stand out from the crowd, be a
welcome business associate in a commonly rude and selfish business
environment, and your satisfied, loyal customers will be your best
form of advertising.
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