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Word of mouth
Wed, Sep 02, 2020
In 2015, I helped run a business plan competition.
One of the questions in the application was, “How will you acquire new customers?”
46 out of the 50 odd responses had ‘word of mouth’ as the #1 answer along with some additional acquisition plans.
In my online response to all applicants, I asked, “How many times in the last 12 months have you spread awareness about any brand via ‘word of mouth’ to others?
Almost 40 said ‘1–2’; half a dozen chose ‘3–5’; and the rest clicked ‘5–10’.
If, on average, we share a brand with our friends just 4–5 times a year, what chance does our brand have to figure in that ‘famous five’ list?
Either our friends must really like us, or we must have a really killer brand!
They say 90% of the promotion of a book comes through word of mouth. But you've somehow got to get your book into the hands of those mouths first!
Takeaway
Approximately how many times have you spread awareness about a brand via ‘word of mouth’ in the last 12 months? Do let me know!