The Principles of Viral
Marketing
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Viral marketing has definitely gained its
popularity over the global network. More and more businesses
are adopting this marketing strategy to gain their fair share
in the market. The approach developed by Hotmail in increasing its number
of subscribers is one classic example of viral
marketing.
History: Article | NOV 19/06
Edited: Lonnie A | MAR 26/09
How Hotmail Did It
Hotmail is one of the first web-based email
provider that gives away email addresses for free. Their
marketing approach starts by giving free web-based email
addresses and additional services. Each of the messages sent
with a Hotmail address has an advertisement at the bottom that
goes: “Get your private, free email at http://www.hotmail.com.”
Then, of course, Hotmail subscribers will use
the service to send messages to their friends and colleagues.
These friends and colleagues will get the message and read it,
and then clicks on the link at the bottom. They will also sign
up and be a subscriber like what the sender did. Then these new
subscribers will also email their own set of friends. The cycle
goes on and on.
This is why viral marketing has the power of
reaching thousands, even millions, of people in such a short
time and with little effort from the one who initiates it.
Elements of Viral
Marketing
Dr. Ralph Wilson, an e-commerce consultant,
named six elements or basic principles of viral marketing. A
viral marketing technique need not have all of these, but the
more principles it follows, the more powerful the strategy will
be.
1. Give away products or services. This is the
first and most basic principle of viral marketing. When a
person hears the word “free,” it elicits the interest in him
and will avail of that free product or service, for sure.
Having cheap or inexpensive products may also do the trick, but
“free” will give much faster results.
Patience is important in viral marketing.
Giving away products for free may not earn profit today but if
the business gets to develop customer base by giving something
for free, it will soon generate income for them.
2. Easy transfer to others. The medium used to
carry the marketing message to other people should relatively
be easy. Viral marketing has been powerful over the internet
because of the ease of communication the technology offers.
Email, web sites, software downloads are just some examples
that can be used in viral marketing.
Also, it is better that the message be short
for easy copying and transmission. Simple and short but
straight to the point is best, just like Hotmail’s
advertisement at the bottom of each email sent out.
3. Scalability from small to very large. When
viral marketing is used as a marketing style, it is best that
the business is prepared for rapid growth. In cases of
increasing web traffic thru viral advertising, the web owner
should make sure that the host server is prepared enough to
handle the expected increase in traffic within a short period
of time.
This should not be taken for granted; else, it
will defeat the purpose of doing viral marketing. Once people
notice that the site takes a long time to load, they will just
leave and forget about it. That means an automatic loss of
potential customers.
4. Exploit motivation and behaviors. A
marketing strategy that builds on motivation and behaviors of
people for its transmission is a definite plus. People love to
be popular. This motivation will drive them to communicate to
more and more people to be known.
5. Utilize existing networks. According to
social scientists, an average person has about 8 to 12 members
in their close network of family, friends and colleagues.
Moreover, internet gives way to creating a bigger network
circle. Learning to use these existing networks in viral
marketing will yield better results.
6. Take advantage of other’s resources. Viral
marketing need not consume all your resources away. Using other
web sites in posting your articles, for example, will get them
read by a large number of people without the need of creating
your own web page.
It is best to learn these basic elements or
principles of viral marketing first before actually doing it.
Being to aggressive without doing your homework may just lead
to damage instead of success. Try to adopt those that may be
applicable to your product. Use all of the principles, if
possible, for a more successful output.
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