SlideShare a Scribd company logo
Beyond Tweets & Likes:
The Future of Word-of-Mouth
#WOMMAwebinar
Suzanne Fanning
President, WOMMA
suzanne@womma.org
@WOMMA
Jeff Epstein
Founder/CEO, Ambassador
jeff@getambassador.com
@Ambassador
#WOMMAwebinar
The Past, Present, and Future of Word of Mouth Marketing
Referral Marketing Today
Scaling Word-of-Mouth With Referral Marketing Technology
Q&A
Agenda
#WOMMAwebinar
Referral
Starter Kit
Marketing
The Past, Present, and Future of
Word-of-Mouth Marketing
Since the beginning of time, WOM and referrals have always been the best way to grow a business
How Old Is
Word-of-Mouth?#WOMMAwebinar
Basics Of Good
Word-of-Mouth Marketing
#WOMMAwebinar
Credible
SocialRespectful
Measurable Repeatable
Honest and authentic messages from
brands-to-customers and from person-to-person
Involves brands listening to, responding to, and
encouraging conversation online and offline
The capability to do it over and over again in
order to become a talkable brand
Ability to define, monitor,
and evaluate success
Transparent and trustworthy behavior as it relates to
privacy matters between brands and consumers
92% of consumers worldwide
trust recommendations from
friends and family more than any
form of advertising
WOM is responsible for $6 Trillion
of annual consumer spend
The value of a single word-
of-mouth impression is
anywhere from 5 to 200x
more effective than a paid
media impression
WOM Today
#WOMMAwebinar
92%
Referral marketing is a natural progression of WOM in today's digital age
A New Era
#WOMMAwebinar
#WOMMAwebinar
Referral Marketing Today
Referral marketing is a method of promoting products or
services to new customers through referrals, usually word-of-
mouth. Such referrals often happen spontaneously but
businesses can influence this through appropriate strategies.
What is
Referral Marketing?
#WOMMAwebinar
Affiliate Marketing: performance-based marketing in which a business rewards one or more
affiliates for each visitor or customer brought by the affiliate's own marketing efforts.
Advocate Marketing: a partnership aimed to drive brand awareness through high social
sharing. Generates web traffic for maximum exposure.
Referral Marketing: Rewards users for referring new business. Focuses more heavily on
engagement to generate high quality leads and/or loyal customers.
Lesson in Terminology
#WOMMAwebinar
Running referral marketing programs manually
Losing the ability to scale or measure word-of-mouth
Missing the opportunity to gain loyal customers
Challenges for
Businesses & Organizations
#WOMMAwebinar
The Difference
Many businesses might not know that this type of technology exists
Automate the entire referral marketing process
Increase engagement and acquire new customers
Opportunity for
Today
#WOMMAwebinar
Enroll Track
Reward Manage
Scaling Word-of-Mouth With Referral
Marketing Technology
Benefits of
Referral Marketing
#WOMMAwebinar
Scalable
Measurable
Flexible
The Difference
Referral Marketing
Starter Kit
The next evolution of
WOMM is referral
marketing technology
Q & A
Jeff Epstein
WOM@getambassador.com

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Beyond Tweets & Likes: The Future of Word-of-Mouth

  • 1. Beyond Tweets & Likes: The Future of Word-of-Mouth #WOMMAwebinar
  • 2. Suzanne Fanning President, WOMMA suzanne@womma.org @WOMMA Jeff Epstein Founder/CEO, Ambassador jeff@getambassador.com @Ambassador #WOMMAwebinar
  • 3. The Past, Present, and Future of Word of Mouth Marketing Referral Marketing Today Scaling Word-of-Mouth With Referral Marketing Technology Q&A Agenda #WOMMAwebinar Referral Starter Kit Marketing
  • 4. The Past, Present, and Future of Word-of-Mouth Marketing
  • 5. Since the beginning of time, WOM and referrals have always been the best way to grow a business How Old Is Word-of-Mouth?#WOMMAwebinar
  • 6. Basics Of Good Word-of-Mouth Marketing #WOMMAwebinar Credible SocialRespectful Measurable Repeatable Honest and authentic messages from brands-to-customers and from person-to-person Involves brands listening to, responding to, and encouraging conversation online and offline The capability to do it over and over again in order to become a talkable brand Ability to define, monitor, and evaluate success Transparent and trustworthy behavior as it relates to privacy matters between brands and consumers
  • 7. 92% of consumers worldwide trust recommendations from friends and family more than any form of advertising WOM is responsible for $6 Trillion of annual consumer spend The value of a single word- of-mouth impression is anywhere from 5 to 200x more effective than a paid media impression WOM Today #WOMMAwebinar 92%
  • 8. Referral marketing is a natural progression of WOM in today's digital age A New Era #WOMMAwebinar
  • 10. Referral marketing is a method of promoting products or services to new customers through referrals, usually word-of- mouth. Such referrals often happen spontaneously but businesses can influence this through appropriate strategies. What is Referral Marketing? #WOMMAwebinar
  • 11. Affiliate Marketing: performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts. Advocate Marketing: a partnership aimed to drive brand awareness through high social sharing. Generates web traffic for maximum exposure. Referral Marketing: Rewards users for referring new business. Focuses more heavily on engagement to generate high quality leads and/or loyal customers. Lesson in Terminology #WOMMAwebinar
  • 12. Running referral marketing programs manually Losing the ability to scale or measure word-of-mouth Missing the opportunity to gain loyal customers Challenges for Businesses & Organizations #WOMMAwebinar
  • 13. The Difference Many businesses might not know that this type of technology exists Automate the entire referral marketing process Increase engagement and acquire new customers Opportunity for Today #WOMMAwebinar
  • 15. Scaling Word-of-Mouth With Referral Marketing Technology
  • 17. The Difference Referral Marketing Starter Kit The next evolution of WOMM is referral marketing technology
  • 18. Q & A