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	<title>Rebound Post - Your Source for Financial Information in the Midst of the Economic Rebound &#187; word of mouth</title>
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<title>Rebound Post - Your Source for Financial Information in the Midst of the Economic Rebound</title>
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		<title>Over 100 Million Consumers Worldwide are Word of Mouth Advocates</title>
		<link>http://reboundpost.com/2009/07/08/over-100-million-consumers-worldwide-are-word-of-mouth-advocates/</link>
		<comments>http://reboundpost.com/2009/07/08/over-100-million-consumers-worldwide-are-word-of-mouth-advocates/#comments</comments>
		<pubDate>Wed, 08 Jul 2009 11:55:56 +0000</pubDate>
		<dc:creator>David Feldman</dc:creator>
				<category><![CDATA[News]]></category>
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		<category><![CDATA[consumers]]></category>
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		<category><![CDATA[word of mouth]]></category>

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		<description><![CDATA[More than 100 million consumers worldwide are Word of Mouth Advocates, a massive, highly influential, yet under-leveraged sales and marketing force, according to ground-breaking research by Zuberance, the leading online Word of Mouth marketing company.]]></description>
			<content:encoded><![CDATA[<p>More than 100 million consumers worldwide are Word of Mouth Advocates, a        massive, highly influential, yet under-leveraged sales and marketing        force, according to research by Zuberance.</p>
<p>Advocates are people who frequently recommend brands and products.        Empowered by Social Media, millions of Advocates are:</p>
<ul>
<li class="bwlistitemmarginbottom"> Evangelizing their favorite brands and products on Facebook, Twitter,          MySpace, Bebo, LinkedIn, and on other social networks, online          communities, and forums</li>
<li class="bwlistitemmarginbottom"> Writing positive reviews on sites like Amazon.com, ePinions, and          Angie’s List plus on e-tailers’ and manufacturer websites.          (TripAdvisor boasts more than 20 million reviews while Yelp has 5          million user reviews with positive reviews outnumbering negative by          6:1.)</li>
<li class="bwlistitemmarginbottom"> Posting positive comments about brands and products on YouTube, on          blogs like Engadget and Gizmodo or even creating advocate blogs like          “Slave to Target”</li>
</ul>
<p>In addition, millions of Advocates are spreading positive Word of Mouth        about brands and products in face to face settings, such as offices,        restaurants, golf courses, trade shows, and more.</p>
<p><strong>“Army of Advocates”</strong></p>
<p>“An army of Advocates is evangelizing companies, brands, and products        online and offline, and these recommendations lead directly to        purchases,” said Rob Fuggetta, Founder &amp; CEO of Zuberance. “Yet many        companies are missing a major opportunity to increase sales because they        are not identifying and mobilizing these influential Advocates,”        Fuggetta added.</p>
<p>In the U.S. alone, about 30 million U.S. adult Internet users are “Word        of Mouth Influencers” – adults who are opinion leaders and whose advice        is sought, trusted, and acted upon by other consumers, according to        eMarketer.</p>
<p>Advocacy is a global phenomenon. According to GfK Roper, 80% of        consumers surveyed in 25 countries across five continents frequently        recommend brands and products to their friends and colleagues with the        average consumer recommending 3.7 brands. The total adult population in        the 25 countries included in the Roper study is more than one billion        people.</p>
<p><strong>Advocates are Brand’s Most Effective Salespeople</strong></p>
<p>Advocates’ recommendations drive sales. Numerous surveys by independent        market research firms have shown that Word of Mouth is up to five times        more influential than advertising, email, and search engine marketing.        According to a study by Forrester Research, Inc., 84% of business buyers        said peers’ Word of Mouth recommendations influenced their purchase        decisions while only 24% said blogs impacted their choices. In a global        Neilsen survey, 78% of consumers said they trust Word of Mouth        recommendations from other consumers while only 26% trust banner ads.</p>
<p><strong>Key Findings of Zuberance Research</strong></p>
<p>The Zuberance study found that:</p>
<ul>
<li class="bwlistitemmarginbottom"> Approximately 40% of a company’s customers &#8212; a surprisingly high          percentage &#8212; are highly likely to recommend the company and its          products or services to friends or colleagues. Among the companies          included in the Zuberance study, the percentage of company’s customers          who are highly likely to recommend ranged from 25% for a business          products company to 76% for a consumer electronics manufacturer.</li>
<li class="bwlistitemmarginbottom"> About 25% of a company’s customers are Advocates. This percentage can          vary, depending on several factors including the type of company or          product and how easy a company makes it for highly-satisfied customers          to spread positive Word of Mouth.</li>
<li class="bwlistitemmarginbottom"> Depending on the size of its customer base, a company may have          hundreds of thousands to millions of Advocates. For example, a          consumer electronics company with 10 million customers may have          approximately one to two million Advocates.</li>
</ul>
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