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BizReport : Advertising : November 16, 2007


Forecast: WOM to exceed $1 billion in 2007

Word of Mouth (WOM) marketing efforts are now expected to reach more than $1 billion in 2007 according to a new forecast from PQ Media. WOM efforts reached $981 million in 2006, a 35% increase.

by Kristina Knight

With the new forecast, WOM marketing would become the fastest-growing alternative media segment. The growth trend is expected to continue through 2011.

According to the forecast WOM will show compound growth of about 30% through 2011 to reach $3.7 billion. Much of the growth is attributed to marketers catching on to the consumer WOM trend - asking friends and family about products or visiting message boards and social networks to research product purchases.

“Major brand marketers are moving from just testing word-of-mouth marketing to including it as a growing component of fully-integrated marketing campaigns,” said Patrick Quinn, PQ Media CEO. “The continued advancement of new word-of-mouth technologies is creating crosscurrents among alternative media strategies, as evidenced by Facebook’s recent attempt to bridge the gap between social networking and WoM marketing."

The forecast reports there are about 3.5 billion brand conversations online each day in the US. One report states that 80% of consumers prefer asking friends or family members to report on products rather than relying on product information provided by the brands themselves.

Tags: word of mouth marketing










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  • jhune

    Has anyone out there heard about WideCircles.com. It seems like a way better service then wasting money on PPC. Apparently they are using refering websites ( forums, blogs, wiki, etc. ) and have a viral word of mouth distributed approach to it. My friend told me he got around 100 visits from single post which cost him $0.40c. I am going to give them a try today . In case you are intrested here is it. http://widecircles.com?s=imt1




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