How important is the word of mouth marketing in growing your business?

Mouth marketing is powerful and has greater power than any other form of marketing. People are much more likely to trust recommendations from family and friends than they are to trust an ad. There is no second opinion when it comes to mouth marketing.

Word of Mouth is an effective marketing strategy, and current has seen a good impact (indirect) on customer retention as well.

My app name is The VBC - The Virtual Business Card... so I guess that is very important for me 🤣 Come support my launch on Tuesday👍🏽

The previous start-up in which I worked was bootstrapped. They did not have a marketing budget and had only word-of-mouth marketing. Based on that experience I have observed that the users acquired via referral have a better LTV as compared to users that come from performance marketing or other marketing campaigns. Do let me know what your experience has been like? Would love to understand what its like from other spectrums!

I think a lot of people think that word of mouth is a small start-up tactic, but really it is the most powerful marketing technique that will benefit you at any stage in your business. At first, it can be a great way to onboard people, but as you grow it then becomes a great source of credibility. That being said, you shouldn't just hope that people will recommend you. Don't be passive/ afraid to ask your clients for written or video reviews or even recommendations.

Word of mouth marketing is as important for a business as mainstream marketing, maybe more!

In growing businesses, word of mouth is way more impactful than through marketing with expensive campaigns marketing expert John Jantsch recommends that small businesses should ask customers to recommend their products to their friends and family. A report said that 92% of consumers believe suggestions from friends and family more than advertising.

In my opinion word of mouth creates customers who buy more often and recommend their friends more often, greatly increasing a company's return on time invested in the strategy, which in turn leads to greater customer lifetime loyalty.

@elena_cirera In my opinion word of mouth is something that matters the most as it is the customers/consumers spreading it out without you giving them a penny to do so that purely means that your product/services are that impactful on them and now not only you but even your folks want that product to grow :)

Word-of-mouth marketing involves asking your customers to regularly recommend your company and products to others, based on their pre-founded trust in you as a business. It is a cost-effective way to spread the word about your company and products among online and in-person communities.

It is really usefull, especially with small to mid size business, as word of mouth create more of a personal touch and gives a reliability and it kind of build trust towards the products, even if the company/product is relatively new. Also more often than not, we tend to buy things recommended to us by friends, family or sometime celebrity.

Word of mouth strategies can be used to build engaged customer bases rather than to appeal to customers who will buy and bolt; that is, make a purchase and then never return.

So Important! No wonder being a social media influencer is profitable these days :)