Trusted Word of Mouth Packs 50X More Punch

/Trusted Word of Mouth Packs 50X More Punch

Trusted Word of Mouth Packs 50X More Punch

…than lower level recommendations and these trusted sources are typically friends or family members., reports McKinsey.

Three key telegrams from McKinsey’s word of mouth report are that WOM recommendations drive 20% to 50% of all purchases; influentials  make up about 9% of the population and drive about 3X more WOM; and, the payout of pursuing WOM excellence is enormous, delivering a huge competitive edge over other strategies such as advertising which is a distant second!

Now, I’m sure you believe WOM is a powerful tool, but these staggering numbers should put your marketing team on high alert to devise a strong WOM marketing system.

To help you along, check out McKinsey’s Word of Mouth report here: McKinsey_Word_of_Mouth. And, check out more about WOM from WARC.

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