Viral marketing is an uncomplicated phenomena and the oldest and simplest sort of marketing with a little fancy name. How do we serve the purpose of viral marketing? Well, every time when we share an opinion of any consumed product, enjoyed service or acquired idea, we execute viral marketing. Let it be your folks, buddies, colleagues or just a random guy, whoever listens to your suggestion is the audience of the viral marketing and you are the marketer. You will find numerous definitions on this subject involving old and latest concepts.
You have just tried the ice cream from the new ice cream parlor across the street and loved it or just went to theatre to watch this new movie and found it a complete waste of time. There is 70% of chance that you might share these small experiences with your friends, colleagues or just any one. When you do that, you are drawn into marketing. The adaptation of a formal definition of viral is an advanced marketing practice which is carried out by companies by utilizing the social systems and its association to develop knowledge and understanding of their products, services or ideas attained by spreading to accomplish the company objectives.
VM has adapted into various innovative techniques and interesting methodologies. As we can figure out from the definition that viral marketing is wholly relies on present clientele and their socialization to share and spread the information regarding a certain brand or service to multiply the growth of the company. The term duplicate viruses as they rapidly multiply and grow, similarly the promotion rapidly proliferates. Internet involvement in VM has been immense.
Viral marketing is a quite affordable and convenient means of marketing. This marketing technique is ideal for the companies or individuals who have limited resources and are not ready to allocate heavy budgets. You can conveniently advocate your product using resources with in their reach, primarily customers. Many people grade it as an unethical means of marketing. But the popularity and propagation of viral marketing has only grown with the passage of time. You will see almost every popular brand and company making use of it. Hotmail is one of the initiators of internet viral marketing. This is prompt and found to produce quick results as information is contagious and split in the fraction of seconds. The level of awareness about your product grows dramatically without any heavy investments like TV advertisement or Billboard Ads.
There are few very positive and influential features of viral marketing; one of this is the credibility. You tend to accept and believe in the buying suggestion by your friend than any TV advertisement or general promotional gimmick. A common man will not doubt the endorsement shared by a close friend. Earlier it use to happen automatically but ever since marketers have discovered this highly effective means it has been exploited immensely. Viral marketing does not require heavy investments or heavy infrastructure but yes a well-thought strategy.