Measuring Word of Mouth Marketing
by Kevin Burke
On July 13, 2005 I attended the inaugural "Measuring Word of Mouth" Marketing Conference organized by the Word of Mouth Marketing Association (WOMMA). What follows are my notes and takeaways from attending the numerous sessions.
Word of mouth communication among consumers is more important today than it has been in the past for two primary reasons. 1.) The Internet provides consumers with a voice to reach millions of others and 2.) the public is less trusting of all media today.
WOM as a marketing concept is in its infancy. Most presenters didn't have significant practical knowledge to share, but mostly theoretical. There were exceptions. Ironically, I felt that the most concise and practical knowledge was delivered from Harvard Business School Assistant Professor, Dr. David Godes. To quote his enlightening statements:
- "The overriding WOM motivation for people is to maintain or enhance their own self image."
- "When designing a WOM program, look for people for whom this product/service will enhance their self image."
- "In summary, when we talk about products, we are talking about ourselves."
I love these. They really zero-in on the core motivations for people to proactively share information. More on Dr. Godes can be found at http://pine.hbs.edu/external/facPersonalShow.do?pid=6637.
Matt McGlinn of BzzAgent, also provided some practical knowledge. Here is his list of the six reasons why people engage in word of mouth activity:- Help & educate
- Providing knowledge
- Finding common ground
- Validating own opinion
- Pride
- Sharing
Conference attendees were also treated to the result of the efforts of many committee members to establish a terminology framework for word of mouth marketing. Clearly, there was a significant amount of energy put into this; I can only imagine the wrestling matches over the choice of words. The metric that was established, central to all word of mouth measurement, is the WOMUnit. A WOMUnit is a single unit of marketing-relevant information. This term describes the message passed from one consumer to another. More about the WOMMA Terminology Framework can be found at http://womma.org/pages/2005/07/womma_releases.htm.
I am optimistic that WOM marketing will become a commonly understood and considered marketing tactic for brands large and small.
|