Is Word of Mouth Marketing Still Effective?

In today’s busy, online-centric world, you hear a lot about how social media is the answer to everything: more traffic to your website, more phone calls to your business, and more customers purchasing your products and services. As a small business owner, you don’t have a lot of extra money to spend on complicated advertising campaigns. While larger businesses have millions to pour into campaigns that they can adjust over time, you have a very limited budget and no excess to tweak your strategy in the future. So you’re probably still relying on word of mouth marketing. But is it still effective? Are you getting the most you possibly can from it?

Word of Mouth is Still a Reliable Marketing Method

Many small business owners say that they still use word-of-mouth advertising and that it is effective for their marketing efforts. In fact, two in three marketers say that word of mouth marketing is actually more effective than any other traditional marketing tactics they’ve tried. According to a study done by the Word of Mouth Marketing Association, 70% of marketers say that their companies will increase social media budgets in the next year, whereas only 29% say that they’ll spend more on offline word-of-mouth marketing. So what does this mean? It means that small businesses rely on word-of-mouth marketing, they find it to be effective, and because of this, they don’t see it as necessary to dump a bunch of money into it. It’s a safe investment for them because they get real results.

Word of Mouth Marketing is More Flexible Than You Think

If you think about it, you can still benefit from word of mouth marketing while utilizing modern social media tactics.

Sites like Angie’s List make it possible for your customers to leave feedback in an online space designed to market your business. Encourage your happy customers to leave you a glowing review to bring in more business. It’s like telling a friend that you really loved a restaurant and then they go and check it out. Someone recommends your site on Angie’s List and that’s a lot of clout.

Yelp  is also a great site to show how awesome your small business is. Again, encourage your happy customers to leave reviews and help spread the word about your business. Yelp is practically a go-to resource for those looking for local businesses.

Facebook is another way you can connect with local customers. When your customers share your statuses or interact with you on your page, they’re more likely to buy from you. In fact, 85% of customers who follow brands on Facebook are likely to recommend it to their friends.

You Can Still Encourage Customers to Spread the Word in Person

While all of these strategies work to spread the word about your company, simply talking to friends and family is still an effective way to bring in new customers. If you are in the business of working directly with clients—say, as a lawyer, doctor, or dentist—you have a lot to gain from this. People are far more likely to take recommendations from friends and family when it comes to important things like finances and health.

Let the experts at Internet Local Listings help you get the word out about your business. We’ll get you listed across all major online directories and we even provide updates for social media sites such as Facebook and Twitter. By working together, we can get people talking about your brand—and help you draw in new clientele.

Best 5 Benefits of Social Media Marketing

Has your company been planning a social media marketing campaign? Do you already have a campaign running? Whether you’re a small business with a small budget, or a medium-sized business looking to invest more in a marketing campaign, social media is an integral part of your advertising approach.

If you’re on the fence about utilizing social media, here are the best 5 benefits of social media marketing that are sure to change your mind.

1. Most businesses report seeing vast improvements in customer engagement when using social media. According to Social Media Examiner, a whopping 92% of small businesses reported their social media efforts generating more exposure for their businesses. That’s no small number of business owners! Makes us wonder what the other 8% saw. This doesn’t take into consideration, however, how frequently the sites were updated, nor does it say how much money was spent in the process.
2. 3 in 5 small businesses said they gained customers through social media. Amanda Sibley at Hubspot reports that the majority of small businesses found that they’ve actually increased sales simply by staying up-to-date with social media platforms. Even if they didn’t spend a lot of money on advertising, the simple act of updating with fresh content helped them rank better and better communicate with customers.
3. Social media marketing budgets are expected to double in the next year. So what does this have to do with your small business? It simply means that more people are jumping on the social media bandwagon. Right now, there is still a lot of competition on popular sites such as Facebook and Twitter. But with visits to Google Plus rising (Google+ receives 1.2 billion visits per month, whereas Facebook nets 809 million),and Tumblr and Pinterest still holding users’ attention up to 4x longer than other sites, it’s worth it to investigate which other social media platforms would benefit your company—and to do so sooner rather than later. The benefits of social media marketing are almost indisputable in this area!
4. People still read through the ads on social media sites. According to Social Media Today, 60% of LinkedIn users have clicked on an ad on the site, and 43% of U.S. marketers have obtained at least one new customer through LinkedIn. Those statistics alone should make you stop to consider whether your business could be benefitting from networking on LinkedIn. Likewise, other social media sites also have a great effect on traffic: Almost 60% of all social media-referred traffic to B2B websites comes from just three networks: Facebook, Twitter and LinkedIn.
5. Mobile coupons placed on social media sites get more clicks. As stated by Local Vox, Mobile coupons get 10 times the redemption rate of traditional coupons and mobile ads get 3x the clicks. By strategically incorporating mobile coupons to your social media marketing plan, you’ll see an increase in customer engagement as well as purchases.

For more information on the benefits of social media marketing, you can contact one of the Internet Local Listings representatives here or read through our plans to see if you’re ready to take the leap into social media!