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LUCKNOW
Project Report On
EVANGELISM MARKETING
MARKETING MANGEMENT-II
Marketing Management -2 1
ACKNOWLEDGEMENT
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CONTENTS
2. Genesis 5
3. Marketing Research 6
4. Research Design 9
5. Field Work 13
6. Limitations 16
7. Literature Review 17
8. Professional Opinion 21
9. Practical Examples 32
10. Findings 34
11. Discussions and Inferences 36
12. Future Implications 37
13. Bibliography 38
14. Appendix 39
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Objective
Research Objectives
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INTRODUCTION
Evangelism marketing is an advanced form of word of mouth marketing (WOMM)
in which companies develop customers who believe so strongly in a particular
product or service that they freely try to convince others to buy and use it. The
customers become voluntary advocates, actively spreading the word on behalf of
the company.
Evangelism literally comes from the three words of 'bringing good news' and the
marketing term justly draws from the religious sense, as consumers are literally
driven by their beliefs in a product or service, which they preach in an attempt to
convert others
HISTORY
Many people believe Guy Kawasaki, the former chief evangelist of Apple
Computer, to be the Father of evangelism marketing. In his books “The Art of the
Start" and "How to Drive Your Competition Crazy” Kawasaki states that the
driving force behind evangelism marketing is the fact that individuals simply want
to make the world a better place. Evangelist customers spread their
recommendations and recruit new customers out of pure belief, not for the
receipt of goods or money.
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MARKETING RESEARCH
Marketing research plays an important role in the process of marketing.
Starting with market component of the total marketing talks. It helps the firm to
acquire a better understanding of the consumers, the competition and the marketing
environment.
DEFINITION
“Marketing research is a systematic gathering, recording and analysis marketing
problem to facilitate decision making.”
- Coundiff & Still.
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Define the problem and its objectives :- This includes an
effective job in planning and designing a research project that will provide the
needed information. It also includes the establishment of a general framework of
major marketing elements such as the industry elements, competitive elements,
marketing elements and company elements.
a. What to sell
b. When to sell
c. Where to sell
d. How to sell
Secondary Data :- These are generally published sources, which have been
collected originally for some other purpose. Source are internal company
records, government publication, reports & publication, reports & journals, trade,
professional and business associations publications & reports.
Observation Method :- The research data are gathered through observing and
recording their actions in a marketing situation. This technique is highly accurate.
It is rather an expensive technique.
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Experimental Method :- This method involves carrying out a small scale trial
solution to a problem, while at the same time, attempting to control all factors
relevant to the problem. The main assumption here is that the test conditions are
essentially the same as those that will be encountered later when conclusions
derived from the experiment are applied to a broader marketing area.
Preparation of questionnaire
Presetting of questionnaire
Follow-up the study :- The researchers, in the last stage, should follow
up this study to find if his recommendation are being implemented and if not, why
Marketing Management -2 8
Research Design
1. Research Objectives
2. Information requirement
EXPLORATORY RESEARCH
Exploratory research seeks to discover new relationship, emphasis on discovery
of ideas.Marketing researches devote a significant portion of their work on exploratory
studies when very little is known about the problem being examined.
CONCLUSIVE RESEARCH
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4. RESEARCH INSTRUMENT USED - DETAILS & WHY?
If one wants to know what type of dentifrice people use, what they think of,
television commercials, or why they buy particular brands of cars, the natural
procedure is to ask them. Thus, the questionnaire method has come to be the
more widely used of the two data collection method. Many consumers are now
familiar with the telephone caller who greets them with “We are making a
survey”, and then proceeds to ask a series of questions. Some interviews are
conducted in person, others by telephone, and others by mail. Each of these has
its special advantages and disadvantages and limitations. The questionnaire
method in general, however, has a number of pervasive advantages and
disadvantages. Discussion of particular variations will be more meaningful if
these characteristics of the general methods are brought out first.
The common factor in all varieties of the questionnaire method is this reliance on
verbal responses to question, written or oral.
Questions of this type offer the respondents an alternative to choose the right
answer among others.It is faster, time saving and less biased. It also simplifies
In this type respondents are free to answer in their own words and express the ideas they
think are relevant, such questions are good as first questions or opening questions. They
introduce the subject and obtain general reaction.
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DICTHOMUS:
These are the questions which are Boolean in nature. These answers are
straightforward and respondents have to answer them in a straight way. That
means the answer can only be either ‘Yes” or ‘No’.
Sample design is a definite plan of obtaining some items from the whole
population. The sample design used in this project is two state sampling i.e.
Cluster and convenience. In the probability sampling methods, each items in the
sample is chosen one at a time from a complete list of universe elements. In
marketing research practice, it will sometimes be more expedient to select
clusters or groups of universe elements, rather than to choose sample items
individually.
Sampling methods in which universe elements are chosen in groups ---- rather
than individually -- are called cluster-sampling methods. They are widely used in
the sampling of human populations. When no complete universe listing exists, a
type of sampling is called area sampling may be the only practically feasible form
of probability sampling.
The non structured techniques for attitude measurement are primarily of value in
exploratory studies, where the researcher is looking for the salient attributes of
given products and the important factors surrounding purchase decisions as
seen by the consumer. Structured techniques can provide a more objective
measurement system, one which is more comparable to a scale or a yardstick.
The term scaling has been applied to the efforts to measure attitudes objectively,
and a number of useful scales have been developed.
SAMPLING METHOD
Sample design is a definite plan of obtaining some items from the whole
population
CONVINIENCE SAMPLING
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SAMPLING
4. Method : Questionnaire.
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FIELD WORK- METHOD USED FOR
DATA COLLECTION
• People were not willing to answer, when they were contacted between
1.00 pm to 5.00 pm, the time when most of the people take rest during the
scorching heat.
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Questionnaire Infernces
[1] Did you know about evangelism marketing?
yes______ no ______
Response
Yes, 9
Yes
No
No, 91
yes no
Response
No, 27
Yes
No
Yes, 73
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[3] How effective is evangelism marketing ?
Effective _____
Cant say _____
Not effective _____
Response
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LIMITATIONS
If the respondents answer does not falls between amongst the options
given then it will turn up to be a biased answer.
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Literature review
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What is customer evangelism?
When customers are truly thrilled about their experience with your product
or service, they can become outspoken "evangelists" for your company. This group
of satisfied believers can be converted into a potent marketing force to grow your
universe of customers.
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"Creating Customer Evangelists" explains how organizations as diverse
as Southwest Airlines, Krispy Kreme Doughnuts, The Dallas Mavericks, IBM,
and others successfully built their customer base and created targeted
marketing programs to involve their biggest fans. These programs have
produced legions of unofficial salespeople and a cost-effective and powerful
marketing force.By deepening customer relationships, successful
organizations create communities that generate grassroots support and
value for their products and services. "Creating Customer Evangelists"
focuses on this ultimate marketing approach. McConnell and Huba
demonstrate how you can convert good customers into exceptional ones who
willingly spread the word.
Customer Evangelism
A customer evangelist tells your story and tells it to everyone. He
purchases your product, believes in your business, recommends it to friends
and colleagues, supports you even when you make a mistake, and provides
feedback even before you ask.
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Television, easily record shows without fighting the cryptic VCR interface,
and is incredibly easy to use. While people without a TV don’t completely
understand its value, those with a TiVo readily and frequently extol its virtues.
Being able to pause a movie in order to tend to a crying baby and fast-
forward over commercials and rewind a fantastic sports play certainly makes
the experience of watching television better.
1. Customer Plus-Delta
Rather than gathering customer feedback only at discrete points like focus
groups or satisfaction surveys, gather feedback continuously. This is more
advantageous for small businesses anyway because it is less expensive that
running formal research. While this feedback can primarily come from direct
customer interaction, it should also include investigating what people are
saying about you on the web, gathering feedback on your website, third-party
customer interviews, and even creating a customer advisory board. The two
questions you are looking to answer, signified by the “plus” and “delta”
respectively, are “what is working well” and “what needs to be improved.”
Give away the information you have. Let customers share and exchange
information and let them try before they buy. By giving away your knowledge,
you help spread the word on your company, product, or service. This also
makes it easier for your customers to share information about you with their
friends. In addition, it may lead to other opportunities like partnerships,
product extensions, and new markets.
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While buzz happens between consumers, there is much that even a small
company can do to help it spread. Give your customers something worthy of
mention, and give it to them often. Start by focusing on the “hubs”, people
that can spread the word for you the fastest. And provide them with tools to
help them spread the word, whether it be flyers, coupons, samples, or
examples.
4. Create community
People want to feel that they belong to something. Providing a vehicle for
your customers to connect with each other will offer benefits to all involved.
While customers can share experience and advice, they will also become
more loyal consumers. Whether it be face-to-face or online clubs, discussion
groups, or newsletters, connect with your customers often and help them
connect at the same time.
6. Create a cause
When customers form an emotional bond with your company, they are much
more likely to evangelize and to remain loyal. The most effective ways to
encourage that bond are to adopt a cause or sell a dream. A cause can be a
charitable organization or a commitment to community service. McDonald’s
Ronald McDonald House is an extreme example of a cause, but small
companies have many opportunities as well. A sporting goods store can
sponsor a little league team and a woman’s clothing store can donate
proceeds to breast cancer research. Stonyfield Farms, a producer of all-
natural organic yogurts and ice creams, has leveraged a number of these
tenets to become a successful organization. In the early 1990’s, with around
5 employees, Stoneyfield introduced the “Adopt-a-cow” program which
allowed customers who made frequent purchases to receive an adoption
certificate, photo, and biography of an actual cow on the farm. This created
quite the buzz and gained the company significant PR exposure. In addition,
the company sends out a “Moosletter” to keep a continuous dialog with
customers. They donate 10% of profits to causes that help protect the earth
and they are dedicated to environmental and socially responsible business
practices. During this time, Stonyfield has grown from $6 million to $100
million in sales.
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Customer evangelism does have some drawbacks.
First, when you rely on others to communicate your message, you lose
some control over the message itself. You cannot carefully craft the feature
list, the differentiators, or the vocabulary. You cannot even guarantee that the
evangelists are spreading positive opinions of you and your product.
Second, you cannot make customers tell your story. Your product must be
different or exciting enough for them to want to talk. Customer evangelism is
based on the business’s loyalty to the customers and the customer’s loyalty
to the business. Finally, the spread of your value proposition is limited by the
number of evangelizing customers you have and the frequency of these one-
on-few interactions the evangelists have with other prospects in your target
market. Therefore, growth for a small business using this method is likely to
be slow.
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Professional opinion
People often frown when I state my company’s name – Mission Centenarian
(MC). Not many people have heard of it, and it’s likely neither have you. I
don’t market large scale (there aren’t enough people in Pakistan who take
their health seriously), in fact I have no marketing expense AT ALL. The
company is marketed by customers who are so satisfied and taken by the
programs that they can’t help but spread good words about it with friends,
family & co-workers. I have my own personal (unpaid) PR team delivering
positive messages in the most powerful manner possible – word of mouth,
from a trusted source. The company has been around for nearly 3 years now,
so I assure you, start taking Evangelism Marketing seriously.
With the boom of social media & most of my clients being SEC A avid users
of facebook, friendster, MySpace, twitter etc – it’s even easier now than ever,
to make your product or brand something it’s users will help spread. When
UPL lost a contestant on a reality show, the world knew within hours and a
firestorm started (without mainstream media).
For an ambitious company, it’s critical to read blog posts, forums & tweets
that relate to your brand, so you can find the people who voice the positive
and negative aspects of the company and brands they offer. Using the data
you can work towards mending your errors and getting to the heart of the
complaint.
Like countless others, it’s likely your company has a Facebook page, so you
can identify your brand evangelists. You can also subscribe to service-
specific alerts or use a conversation search engine to see comments across
social media.
The next step costs little or nothing – contact the brand lovers and haters.
Haters can give you unedited feedbacks without a filter which will help you
determine why that market is pushing away. This is two-fold; you get
constructive feedback and you gain their trust because unlike your
competitors, it appears you want to provide value for money.
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As for the evangelists, you need to find out what aspects of the product or
service they really like after which you should sign them up to be entitled to
perks such as upcoming product info, sampling gigs & gift certificates –
provided they up the ante on public praises. Of course you must be thinking,
“why reward them, they’d do it anyway”, but I think you should as this keeps
them around in the long run. Remember to have them agree on a non
disclosure agreement if you plan on giving them access to upcoming
products & their subsequent lines for obvious reasons.
To avoid any hiccups in the long run, make sure there’s transparency about
the evangelists renewed relationship with the company – incase there’s a
leak, it could look very bad if customers found out you “paid people to
deceive” (which would be the mainstream media spin unless you’re a huge
company is Pakistan). The practice is no doubt deceptive & questionable by
many consumer groups (BoltaConsumer.com) but by having supporters
today, they will indefinitely serve as backup when you’re under fire.
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THE CUSTOMER EVANGELISM MANIFESTO
After the 9/11 attacks, which crippled and jeopardized airlines for
months, McGee-Cooper wrote Southwest a letter. She said she was
persuading clients, friends and family members to fly Southwest
Airlines. She was purchasing tickets on their behalf. She bought the
companyʼs stock. Perhaps most tellingly, she included a $500
checkwith her letter, saying that the airline needed the money “more
than I do.”
A customer evangelist not only purchases from you regularly, she feels
compelled to tell others. Ann McGee-Cooper honestly considers
Southwest part of her family. This doesnʼt mean that Southwest is for
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everyone; it has its share of detractors who donʼt care for its policies of no-
reserved seats and low frills.
They have crossed the emotional chasm that separates most businesses
with customers. Their customers believe.
They donʼt do it with trickery, or by having the lowest prices, or the fanciest
web site. They do it by being authentic.
But this manifesto is not about religion. Itʼs a diatribe against traditional
marketing practices. They no longer work. Theyʼre being
Marketing Management -2 26
usurped by customer-driven referrals as the valuable new currency in an
organizationʼs growth.
If its not the messenger that companies shoot first, then its the marketing
director.
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“MARKETING TODAY IS BASED ON 1960S PRINCIPLES”
Most college marketing classes still teach the 4 Pʼs: product, place,
price and promotion. E. Jerome McCarthy introduced the 4 Pʼs in 1960.
Forty-four years later, most marketing education programs are still
based on the 4 Pʼs. Promotion, the fourth of the four, is all about
advertising, sales promotion, public relations, and personal selling.
Most college marketing textbooks today cover very little, if any, about
word of mouth and customer evangelism.
“MARKETING IS ADVERTISING.”
The next time youʼre at cocktail party, ask someone for their definition of
marketing. Chances are theyʼll say its advertising. Worse yet, your
imbibing test subject may define marketing as telemarketing, which is
more like caveman marketing — hunt random fields of prey and beat
the ones you can catch into submission.
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How do some marketing managers measure their success in the
corporate hierarchy? By the size of their advertising budgets. Bigger ad
budgets are often more about coalescing internal power; the bigger the
budget, the more influence you wield internally and with external
partners. Helping customers solve problems is not necessarily at the
top of the list. At some large companies, you had better spend your
annual budget completely or youʼll receive less money next year.
Whatʼs the fastest way to spend money? Mass advertising. Ambitious
marketers are given few incentives for creating customer evangelists
and word-of-mouth programs that cost
The stock market rewards companies for growing revenues and profits
quarter by quarter. Wall Street has no interest in long-term investment.
The Street does not want to hear about money spent on customer
evangelism and loyalty programs. Investment bankers care only about
one thing: the number of new customers you will generate in the next
12 weeks.
Revenues down? The Street wants to know what actions you will take
now. It rewards layoffs with a stock-price bump. If sales are slipping,
panicked CEOs often order marketing directors to throw more money at
print materials for the field sales force. Or create a new and more
aggressive telemarketing campaign.
“MARKETING IS DESPERATE”
The globalization of commerce has produced an economy rich with
choices. How do we decide, really, between 165 cereal products and 85
different breakfast bars?
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Every day, we are inundated with ads on television, buses, under
computer browser windows, in the waiting rooms of physicians and
dentists, on phone cards, on the backs of lottery tickets and on
banners towed by noisy planes circling around crowded beaches,
annoying people trying to get away from it all. At 3,000 advertisement
exposures per day, thatʼs 188 messages per hour, three per minute,
every minute of every day.
With so much competition, mass media ads must scream louder and
more often just to squeeze through the clutter. In 1980, ad agency
pioneer David Ogilvy argued that ads must run at least nine times
before a future customer grasps your message. Of course he would. He
was an ad executive who made money from the size of your ad budget
and the number of times you ran your ad. With this desperation
marketing the mass advertiser pleads with you to please, please, please…
nine or more times, actually…buy!
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“Creating customer evangelists and word-of-mouth
programs….cost dramatically less than mass media
[advertising]”--
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“Landing new customers is sexy…keeping current customers…
is hard work”--
Traditional message platforms are so crowded theyʼre no longer
effective. Marketing principles are from a vastly different world.
Exponential growth of a media-driven culture, the ubiquity of
information sources and since 1994, the advent of the World Wide Web
have made mass media effectiveness inert. Continuous, mind-numbing
marketing repetition is clogging the arteries of trust and attention every
day.
Thereʼs evidence for the decline among traditional advertising and the
rise of word of mouth for making future purchases:
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1. Customer plus-delta--
Understand what evangelists love by continuously gathering their
input. Dallas Mavericks owner Mark Cuban is a feedback machine. He
conducts mini-surveys with nearly every fan he meets, asking how to
improve the fan experience (the “delta” in plus-delta). His email
address shows up on the American Airlines Arena scoreboard. Build-a-
Bear Workshop, the interactive retailer where children can build their
own personal stuffed animals, uses a “Cub Advisory Board” as a
feedback and decision input body. The board is made up of twenty 8-12
year olds who review new product ideas and give a paws up or down.
Maxine Clark, the companyʼs Chief Executive Bear, says that after 6
years in business, 99% of products in the store are customer ideas.
4. Create community--
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Provide like-minded customers the chance to meet one another.
PAETEC, a telecommunications company that provides services to
hotels, universities and other companies, hosts informal customer
dinners around the country. Current customers and key prospects are
invited for food and good company. No boring PowerPoint
presentations here; just customers talking about their
telecommunications challenges and how much they love PAETECʼs
service and support. Prospects are sold on the company by other
customers. When customers meet one another underneath your
umbrella, the value you deliver as a vendor increases exponentially.
6. Create a cause--
Companies that strive for a higher purpose – like supporting “freedom”
as Harley-Davidson and Southwest Airlines do — often find that
customers, vendors, suppliers and employees naturally root for its
success. A well-defined cause can change the world, no matter how big
or small. Customer evangelists crave emotional connection and
validation; a well-defined cause generates strong emotional
attachments.
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Practical Examples
Evangelism marketing is an advanced form of word of mouth marketing (WOMM) in
which companies develop customers who believe so strongly in a particular product or
service that they freely try to convince others to buy and use it. The customers become
voluntary advocates, actively spreading the word on behalf of the company.
Apple Inc.
Apple Inc. is an American multinational corporation that designs and manufactures
consumer electronics and computer software products. The company's best-known
hardware products include Macintosh computers, the iPod, and the iPhone. Apple
software includes the Mac OS X operating system; the iTunes media browser; the iLife
suite of multimedia and creativity software; the iWork suite of productivity software;
Final Cut Studio, a suite of professional audio and film-industry software products; and
Logic Studio, a suite of audio tools. As of January 2010 the company operates 284 retail
stores[2] in ten countries, and an online store where hardware and software products are
sold.
Apple inc. use evangelism marketing also to market their products
Guy Kawasaki, the former chief evangelist of Apple Computer, to be the Father of
evangelism marketing.Apple Inc. is known for its innovation and product quality .People
have faith in their product quality ,this is the reason why evangelistic market benefit
Apple Inc.
Network TwentyOne
Network TwentyOne, also known as N21 or Network 21, is an education and training
company supplying Professional Development Programs to Independent Business
Owners (IBOs) working with the Quixtar and Amway network marketing business
opportunities. Network TwentyOne operates in more than 36 countries. It was founded in
1989 by Americans Jim and Nancy Dornan, IBOs in Amway and Quixtar. The Dornans
were Founders Crown Ambassadors in Amway as of 2006
This organization also build evangelistic networks for the IBOs
.they form network of such people who trust their product and encourage other to try their
product.
Marketing Management -2 36
Amway
Amway is a direct selling company and manufacturer that uses multi-level marketing to
sell a variety of products, primarily in the health, beauty and home care markets.[3][4][5]
Amway was founded in 1959 by Jay Van Andel and Richard DeVos. Based in Ada,
Michigan, the company and family of companies under Alticor reported sales growth of
15%, reaching US$8.2 billion for the year ending December 31, 2008.[1] Its product lines
include home care products, personal care products, jewelry, electronics, Nutrilite dietary
supplements, water purifiers, air purifiers, insurance and cosmetics. In 2004, Health &
Beauty products accounted for nearly 60% of worldwide sales.[6] Amway conducts
business through a number of affiliated companies in more than ninety countries and
territories around the world.[7] It is ranked by Forbes as one of the largest private
companies in the United States[8] and by Deloitte as one of the largest retailers in the
world.
Amway also uses evangelism marketing to marketing thier product
Because they are direct selling organization . evangelistic network help them to spread
awareness among mass.
Telebrands India
Telebrands is the largest telemarketing, mail order and wholesale organisation in India.
they enjoy the privilege of loyal brand of a strong brand loyalty and will always remain a
trust-worthy name as it delivers to perfection its promise of Quality, Value & Service.
A great deal of Telebrands success and competitive edge can be attributed to the creative
presentation and high quality of shows and print advertisements. An extensive range of
telecasting channels are utilized for effective presentation of shows including networks
like Doordarshan, Star Plus, AXN, The Discovery Channel, Home TV and many more.
Apart from a prominent presence on Television, Telebrands effectively uses more than
350 publications in various languages. To name a few: The Times of India, Bombay
Times, Hindustan Times, New Woman, Cosmopolitan etc.
Marketing Management -2 37
CONCLUSION
Detailed Findings from the study
Currently we live in a very technological and extremely different world than even
as little as a 2-3 years ago, let alone a decade. It seems as though the traditional
marketing years are losing their dominance rather quickly. Although, it is true, the
traditional marketing strategies will never go away. The question we really need
to ask ourselves is difficult as we are individuals from all sorts of groups, such as
marketers, advertisers, search marketers, SEO experts, evangelists, etc. etc. So,
what is this difficult question that we speak so highly of?
This question has really to deal with a couple major techniques and we will
explain this. But, really, we are talking about Word of Mouth Marketing, Viral
Marketing and Customer/User Evangelism at it’s best.
Let’s look at digg.com. The site is a breeding ground for open source evangelists
that are really technologists at heart. This is a prime example of viral marketing
strategies that are really driven by the customer. Well, in this case open source
software, it would really be the user.
So, why is this important to the rest of us and why is this important to marketers?
Well, the answers to these questions are quite simple. We need to learn as
marketers and brand marketers to really build around our customer base. Create
an outlet to ensure that our customers are becoming evangelists for our
organization. Just like the traditional marketing tactics, we will not see an end to
internal company evangelism roles, this is in-escapable. There is though a great
opportunity, now, more than ever, our customers, employees and clients are
becoming evangelists and marketers on our behalf. Thus, we are enlisting
volunteers to speak highly about your company’s products and services without
any internal campaigns or effort.
Marketing Management -2 38
So, we have address the what’s, the who’s, the why’s. But, really, how do we get
this done and how do we execute on this.
From a search engine optimization and/or marketing standpoint, you can use
blogging to increase rankings and readers. Most people really relate blogging to
blogging for dollars, but in this case, blog for your brand. Ensuring that your
blogging is very well optimized for word of mouth and viral techniques, like email
this, digg this, share on facebook, etc. is highly critical. Gives your brand a
massive growth opportunity without you even lifting a finger. Make this all highly
accessible and let your customers spread the word for you, because, like the
saying goes, “If you build it, they will come.”
Marketing Management -2 39
Discussions and Inferences drawn
Customer – evangelism is crazy today in every sphere. Due to amplification in
various promotional media, it is essential for marketers that they encourage their
old customers to behave like their sales force and public relation managers.
Evangelism marketing is one of the tools to turn the devoted customer into
selfless sales force and public relation manager of the company.
The word “evangelist” comes from Greek word eu-angelos, meaning “Bringer
of good news”. The customer bhakti or evangelism is nectar for the organization.
These days, the customer –evangelist marketing has become talk of circle; that
is why SEO specialists at Round Square Interactive say “in past few months and
recently I have heard more about evangelists to enthusiast evangelism that I
have in my entire life. From technology evangelist to Enthusiast evangelists to
Consumer- evangelists, everyone seems to be promoting evangelist lately”.
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Future Implications of the trend on the
dynamic marketing scenario
In May 2006, Marketing Sherpa's research team partnered with the folks at
CNET's business network (they publish such sites as ZDNet andTechRepublic)
to ask business execs what marketing had directly influenced a technology or
services purchase decision in the past 12 months. This had to be a purchase
they’d already made or authorized.
Guess what? All of the top three answers were … offline.
That's right. Word of mouth was number one at 48.3%. Conferences and trade
shows were number two at 41.9%, and print magazines were number three at
40.6%. (Folks could give more than one answer, so this added up to far more
than 100%.)
Seems that prospects don't trust vendor sites or marketing materials these days.
They certainly trust the trade press and analysts a bit more—especially if these
are in print (ah, the power of ink and paper you can hold in your hand). When it
comes to a high-priced technology purchase decision, however, most executives
trust their colleagues and peers more than anyone else.
This says something a bit sad about the state of trustworthy voices coming from
b-to-b copywriters and marketing communicators these days.
But, on the other hand, it opens a giant field of opportunity. What? you ask.
Evangelism marketing. Chances are your competitors are working so hard on
generating new business from all the typical channels—ranging from direct mail
to search—that they've ignored the power of word of mouth.
But in the meantime, shouldn't more of your budget and staff time be devoted to
the marketing medium that's proven—by this study at least—to be the most
powerful one for directly influencing business buying decisions?
Marketing Management -2 41
BIBLIOGRAPHY
1. www.wikipedia.com
2. www.marketing.com
3. www.google.com
4. www.marketresearch.com
5. www.marketfundas.com
6. Research Methodology. ( Harper W.Boyd, C. R. Kothari )
Marketing Management -2 42
APPENDIX
QUESTIONNAIRE
Effective _____
Cant say _____
Not effective _____
Marketing Management -2 43