Preview

Viral Marketing Techniques, Advantage & Disadvantages

Powerful Essays
Open Document
Open Document
2491 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Viral Marketing Techniques, Advantage & Disadvantages
Student: Yvonne
Instructor: Bo
Course Title: AP Degree in Marketing Management
21 September 2012

Viral Marketing
These years, the competitions among companies become more and more furious. In order to survive and develop, most companies try to make use of any strategy or tactic that can help them to enlarge their market share and build a strong brand. The traditional Medias such as television, newspaper, radio and printed Ads were over used in the last decade. Using these traditional ways to promote a product or service can no longer stimulate audience’s passion and urge effectively. Because in some extent, audiences were used to receiving information’s by the old fashion way, they needed something new, interesting and something unique in receiving information’s.

What is Viral Marketing

The main idea behind any marketing strategy is to create brand visibility and awareness. Viral Marketing is a tested strategy to meet the same. The term 'Viral Marketing was 'popularized by Mr. Jeffrey Rayport in 1996. Just as the term implies it is a way of spreading a message. Viral marketing is the new emerging marketing tool, which uses social networking to spread the message.

The online encyclopedia definition to Viral Marketing and Viral advertising as referring to marketing techniques that uses pre-existing social networks to produce increases in brand awareness through self-replicating viral processes, analogous to the spread of pathological and Computer viruses.

Viral marketing is very simple; it is pretty much the same way a cold can be spread from person to person, attention can easily be drawn to your business. It can take the form of a "Tell a Friend" button on the web site, e-mail messages distributed to multiple addresses, instant messages, or text messages displayed on cell phones. This marketing tool refers to word of mouth or "buzz" created by a marketing campaign, and a viral marketing business model is one in which a business spreads using

You May Also Find These Documents Helpful

  • Powerful Essays

    Bio 141 Lab Notes

    • 22188 Words
    • 89 Pages

    PREFACE.....................................................................................................................................................................................................vi AN OVERVIEW ...........................................................................................................................................................................................vii INSTRUCTIONAL APPROACHES .............................................................................................................................................................viii CORRELATION OF TEXTBOOK SYSTEMS AND SUPPLEMENTAL LABORATORY EXERCISES .........................................................ix SUGGESTED TIME SCHEDULE…

    • 22188 Words
    • 89 Pages
    Powerful Essays
  • Satisfactory Essays

    The book by Jonah Berger is all about how things become contagious, go viral in the marketplace in other words. The main factors which drive products to go viral is explained through so-called STEPPS which are defined as Social Currency, Triggers, Emotion, Public, Practical Value and Stories by him. These contributing factors to make things become popular are explained in six chapters by Dr. Berger. The very first chapter namely Social Currency explains its term making it similar to the currency that we have in finances. And he claims this is what people accept a highly important and popular product once it has value and the ability it can be shared in social groups.…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mcbride Financial Services

    • 1064 Words
    • 5 Pages

    References: a la Mode. (2009). Three Viral Marketing Ideas for Mortgage Brokers. Retrieved August 1,…

    • 1064 Words
    • 5 Pages
    Good Essays
  • Better Essays

    u05a1 Tamara Barr

    • 1261 Words
    • 3 Pages

    Botha, E., & Reyneke, M. (2013). To share or not to share: the role of content and emotion in viral marketing. Journal Of Public Affairs (14723891), 13(2), 160-171. doi:10.1002/pa.1471…

    • 1261 Words
    • 3 Pages
    Better Essays
  • Best Essays

    Case Study: Aquascutum

    • 3088 Words
    • 13 Pages

    Moreover, the market has been shifted from product orientation to customer orientation. This requires companies to become more ‘customer-centric’ (Deshpande, 1999). With the development of Internet and wireless communication technologies, a profound consumer communication revolution has been in progress, which challenges companies to create new channels of communications (Jackson and Shaw, 2009). Company can reward customers’ involvement in order to encourage them to promote the company and the brand. Media is the new innovation (Jackson and Shaw, 2009).…

    • 3088 Words
    • 13 Pages
    Best Essays
  • Better Essays

    Throughout the twenty-first century, social marketing has become exceedingly popular among businesses; not matter the size. Marketing and technology have ultimately taken over the world, allowing individuals round the clock access to the Internet, music, emails, televisions, and video uploads all via their cellular device. Social media marketing as become remarkably popular among businesses such as Pepsi refresh project (Boone, L.E. & Kurtz, D.L. pg.354). This viral marketing launch became a year long initiative in which consumers created a short video that would benefit their communities. This particular marketing strategy was popular in the advertisement of Pepsi’s products without it costing anyone anything. When the videos went viral, Pepsi was able to save money on the cost of advertisements, and spend the money they saved elsewhere. Companies that evolve into social medical marketing will be able to increase exposure to their companies, gain additional web traffic, potentially increase sales and gain customers. Social media marketing is the new way of the world for companies interested in expanding their brands; therefore, more companies are investing more of their money in social media.…

    • 1235 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Nowadays it became very easy for companies to advertise their products and services because of the great improvement of media literacy. Today we have a great number of brands which are very well known and popular among people, However, it is very important to keep people's awarness about your product and always create something that could not always retain loyal customers but also attract new consumers.…

    • 970 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Evidence -Based Practice

    • 847 Words
    • 4 Pages

    As it expressed by Orr (2003) :”Diffusion is the process by which an innovation is communicated through certain channels over time among the members of a social system…

    • 847 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Marketing American Culture

    • 1188 Words
    • 4 Pages

    Marketing is a very strange practice due to its double-edged, yet effective nature and the way it shapes society is truly very interesting. Mass marketing campaigns, from simple things like selling a product to complex things like advertising the Affordable Care Act, are all designed primarily to sell…

    • 1188 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Soflo Influences

    • 129 Words
    • 1 Page

    I actually don't go for the typical Influencers. I go for large facebook pages with audiences that are trained to share content - this opened the door to making things go viral. Soflo is a good example of what I mean. Pay attention to the end of all their videos - they always ask for a share. Pages like this have a bigger ripple effect on the internet then the traditional influencers therefor there is a greater chance of making something go viral. Here's a pic to show you what I mean...…

    • 129 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    As defined by Mullins and Walker (2013), marketing is a social process involving the activities necessary to enable individuals and organizations to obtain what they need and want through exchanges with others and to develop ongoing exchange relationships (p. 5).…

    • 2331 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Assigment

    • 337 Words
    • 2 Pages

    Using the WileyPlus resources, go to the Interactive Case Study “The Pepsi Refresh Project: Viral Marketing” example located in Chapter 11. To access the entire textbook, use the WileyPLUS Read, Study & Practice link located in the Student Center.…

    • 337 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Dropbox is a web storage services that can share files and synchronize them between different PCs. Dropbox provides you with a free 2GB storage capacity, and users can go up to 5GB at most through inviting others to use this service (256mb for every friend who installs dropbox). Users can get 50 GB for a $ 100 annual subscription and 100 GB for $ 200 annual subscription. One of the most important features in Dropbox is that it can synchronize your folders. After installing Dropbox software, it will create a folder named Dropbox on the user’s PC where every file afterwards stored can be synchronized. Moreover; Dropbox can synchronize your MSN chat content and this can be achieved between the different places chat content such as your home, & work office. (1)…

    • 2313 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Vancl--to Be Different

    • 2768 Words
    • 12 Pages

    Every since Internet entered Chinese market, it has witnessed intensive growth through these years. Till the end of June, 2011, there are 485 billion Chinese netizens, compared to 2010, 27.7 billion more was added up. And Internet coverage rate had improved by 1.9%, ended up with 36.2% in 2011. E-commence trade scale was 766 billion in 2011, and B2B trade took up 23.5% of it with 180 billion. According to the report released by iReseach.com that B2C modal had been kept an average 5% growth every year since 2009, implied that the B2C modal would be the main trend ahead, and would require more of stock, logistics and customer service in the future on-line shopping experience.…

    • 2768 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    7. Word-of-mouth marketing. People-to-people oral, written or electronic communications that relate to the merits or experiences of purchasing or using products or services.…

    • 3504 Words
    • 15 Pages
    Good Essays

Related Topics