MEANING: Refers to marketing techniques that use pre-existing social networks to produce increases in brand awareness, through self-replicating viral processes Marketing phenomenon that facilitates and encourages people to pass along a marketing message voluntarily “Like viruses, take advantage of the rapid multiplication to explode the message to thousands – or even to millions.” EXAMPLES OF VIRAL MARKETING
Hotmail Batman – The Dark Night DOVE Radiohead – In Rainbows Principles of viral marketing
1. Gives away products or services
2. Provides for effortless transfer to others 3. Scales easily from small to very large 4. Exploits common motivations and behaviors 5. Utilizes existing communication networks 6. Takes advantage of other’s resources ANY QUERY ? THANX