There are many different methodologies for fostering growth in a company. The key to realizing success is to implement a process that will bring the maximum growth with the least effort and resources.
Social media can be used to enhance word-of-mouth marketing as much as (or better than) good customer service. Social media encompasses technologies such as websites, blogs, RSS feeds but really comes down to the big three social media giants of Twitter, LinkedIn and Facebook. Because of the ever-changing nature of new technology, the tactics for social media shift regularly. Even with the changing tactics, the core principles stay the same.
Word-of-Mouth Marketing
Word-of-mouth marketing has been around in essence since the invention of the first product that needed to be sold. On a placard near the door of a local physical therapist’s office, I found the sentence “The best compliment our patients can give is to refer a friend.” This form of marketing is inherently word-of-mouth. It is not about doctors referring patients because the doctor’s have been wined and dined. It is about patients referring other patients because they feel an emotional connection.
In an effort to increase revenues, many companies conduct customer satisfaction surveys to find out how they can increase these levels. They have a hope that if the customer satisfaction levels increase, revenues will soon follow. Gallup has conducted research that indicates, “If you don’t make an emotional connection with customers, then satisfaction is worthless.” Creating that emotional connection is key to developing customers that are willing to fight for your cause.