The core strength of Viral Marketing is its ability to obtain a large number of interested people at a low cost.
As appealing as it is, Viral Marketing is not always easy to master. In a 2006 Silverpop Email list Growth Survey, Viral Marketing was listed as the top ranked unsuccessful tactic for marketers. However, in the same survey, Viral Marketing was the top ranked tactic being planned by marketers in their next 12 months. This demonstrates the demand marketers have for Viral Marketing as demonstrated by viewer response rates, as well as how easy it is to get a campaign of this nature wrong. The key to running a successful viral campaign lies in the planning, the incentive offered and the knowledge of your target audience.
This type of campaign is defined as a "virus" that is unleashed without further input from the advertiser or marketer. The spread of the message is perpetuated through whichever means the user chooses. The most important aspect is that the user still chooses to send on the message in whichever way they can, the most likely method being via email (e.g. sending a link on to a friend).
When successful, this type of campaign can build tremendous brand equity at a marginal cost. Because the communication takes place directly between consumers, the marketer has to be prepared to let go of their brand so that the message and flow of communications is not restricted.
This type of campaign has more of a direct outcome in that its success is determined by a specific goal, an example of which would be the expansion of a database of qualified leads and prospects (e.g. "Send to a friend" emails). This facilitates future interaction with the prospects, targeting sales growth and brand awareness. Ultimately, the controlled viral campaign should lead to interaction with the newly acquired prospects in a way that adds value to the organisation.
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