There is an online debate in the marketing world related to measuring word-of-mouth marketing. The online and offline buzz surrounding a brand or product has been nearly impossible to measure accurately, but the Word-of-Mouth Marketing Association (WOMMA) is trying to do just that by developing a standard metric system to accurately measure the success of all word-of-mouth initiatives.
Some marketers and brand managers argue against creating this type of metric saying that true word-of-mouth is earned by spending time, money and effort in building a relationship with customers. I have to concur with that theory, but at the same time, with the explosion of viral marketing and social media marketing, both of which lend themselves perfectly to word-of-mouth marketing and generating an online buzz, there certainly is an abundance of new opportunities to connect with people through the social web. [Read more…] about Measuring Word-of-Mouth Marketing