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Viral marketing and viral advertising refer to marketing techniques that use pre-existing social networks to produce increases in brand awareness or to achieve other marketing objectives (such as product sales) through self-replicating viral processes, analogous to the spread of pathological and computer viruses. In popular usage "marketing" is the promotion of products especially Advertising and Branding However in professional usage the term has a wider meaning of A social network is a Social structure made of nodes (which are generally individuals or organizations that are tied by one or more specific types of interdependency such as A brand is a collection of Images and ideas representing an economic producer more specifically it refers to the descriptive verbal attributes and concrete symbols such as a Viral phenomena are objects or patterns able to replicate themselves or convert other objects into copies of themselves when these objects are exposed to them A virus (from the Latin virus meaning Toxin or Poison) is a sub-microscopic infectious agent that is unable A computer virus is a Computer program that can copy itself and infect a computer without permission or knowledge of the user It can be word-of-mouth delivered or enhanced by the network effects of the Internet. Word of mouth, is a reference to the passing of Information by verbal means especially recommendations but also general information in an informal person-to-person [1] Viral marketing is a marketing phenomenon that facilitates and encourages people to pass along a marketing message voluntarily. [2] Viral promotions may take the form of video clips, interactive Flash games, advergames, ebooks, brandable software, images, or even text messages. Adobe Flash (previously called Shockwave Flash and Macromedia Flash) is a set of Multimedia software created by Macromedia and currently Advergaming is the practice of using Video games to advertise a product organization or viewpoint Brandable software is typically Software created by one company for the purpose of allowing other companies to obtain Resell rights or Giveaway rights to This is the practice of taking the marketing message directly to the personal pocket of the prospect The basic form of viral marketing is not infinitely sustainable.

It is claimed that a satisfied customer tells an average of three people about a product or service he/she likes, and eleven people about a product or service which he/she did not like. [3] Viral marketing is based on this natural human behavior.

The goal of marketers interested in creating successful viral marketing programs is to identify individuals with high Social Networking Potential (SNP) and create Viral Messages that appeal to this segment of the population and have a high probability of being passed along. Social Networking Potential (SNP is a numeric Coefficient, derived through Algorithms to represent both the size of an individual's Social network and Viral Messages refer to marketing messages that are passed from person to person through their Social Networks.

The term "viral marketing" is also sometimes used pejoratively to refer to stealth marketing campaigns[4]—the use of varied kinds of astroturfing both online and offline [5] to create the impression of spontaneous word of mouth enthusiasm. Words and phrases are pejorative if they imply disapproval or contempt Undercover marketing (also known as buzz marketing, stealth marketing, or by its detractors roach baiting) is a subset of Guerrilla marketing Astroturfing in American English is a Neologism for formal Public relations campaigns in Politics and Advertising which seek to create the impression Word of mouth, is a reference to the passing of Information by verbal means especially recommendations but also general information in an informal person-to-person

Contents

History

The term Viral Marketing was coined by a Harvard Business School professor, Jeffrey F. Rayport, in December 1996 article for Fast Company The Virus of Marketing. Fast Company is a full-color not-quite-monthly (10 issues per year business magazine that reports on innovation digital media technology Change management [6] The term was further popularized by Tim Draper and Steve Jurvetson of the venture capital firm Draper Fisher Jurvetson in 1997 to describe Hotmail's e-mail practice of appending advertising for itself in outgoing mail from their users. Timothy Cook Draper is the founder of the global venture capital firm Draper Fisher Jurvetson. Steven T Jürvetson (born in Arizona, USA 1967 is a Managing Director of Draper Fisher Jurvetson (DFJ. Windows Live Hotmail, formerly known as MSN Hotmail and commonly referred to simply as Hotmail, is a free Webmail service of the Windows Live Electronic mail, often abbreviated to e-mail, email, or originally eMail, is a Store-and-forward method of writing sending receiving Advertising is a form of Communication that typically attempts to persuade potential Customers to Purchase or to consume more of a particular Brand [7]

Among the first to write about viral marketing on the Internet was media critic Douglas Rushkoff in his 1994 book Media Virus. Media studies is a collection of academic programs regarding the content history meaning and effects of various media. Douglas Rushkoff (born 18 February 1961) is a New York -based writer columnist and lecturer on technology The assumption is that if such an advertisement reaches a "susceptible" user, that user will become "infected" (i. e. , sign up for an account) and can then go on to infect other susceptible users. As long as each infected user sends mail to more than one susceptible user on average (i. e. , the basic reproductive rate is greater than one), standard in epidemiology imply that the number of infected users will grow according to a logistic curve, whose initial segment appears exponential. In Epidemiology, the basic reproduction number (sometimes called basic reproductive rate or basic reproductive ratio) of an Infection is the Epidemiology is the study of factors affecting the Health and Illness of populations and serves as the foundation and Logic of interventions made in the A logistic function or logistic curve is the most common Sigmoid curve.

Among the first to write about algorithms designed to identify people with high Social Networking Potential is Bob Gerstley in Advertising Research is Changing. Gerstley uses SNP algorithms in quantitative marketing research to help marketers maximize the effectiveness of viral marketing campaigns. It is also named "viral" because it allows a message to spread like a virus. In 2004 the concept of Alpha User was released to indicate that it had become now possible to technically isolate the focal point members of any viral campaign, the "hubs" who are most influential. Social Marketing Intelligence is the method of extrapolating valuable information from Social network interactions and large data flows that can enable companies for example Alpha Users can today be isolated and identified, and even targeted for viral advertising purposes most accurately in mobile phone networks, as mobile phones are so personal.

In response to its use, many sites have started up trying to describe what viral marketing is.

Notable examples of viral marketing

Viral expansion loop

A viral expansion loop is similar to viral marketing with one notable difference: viral marketing can't be replicated indefinitely, while a viral expansion loop must be in order for it to exist. [16] When properly conceived and implemented, a viral loop almost guaranteed self-replicating growth. Companies that have attempted to utilize viral loops to their advantage include social networking engine Ning, and viral loops power many Web 2.0 icons, including PayPal, YouTube, Facebook, MySpace, Digg and Flickr. Ning is an online platform for users to create their own social websites and social networks launched in October 2005 Ning means "peace" in Chinese Web 20 is a term describing changing trends in the use of World Wide Web technology and Web design that aims to enhance Creativity, secure PayPal is an E-commerce business allowing payments and Money transfers to be made through the Internet. YouTube is a video sharing website where users can upload view and share Video clips YouTube was created in February 2005 by three former PayPal employees Facebook is a social networking Website launched on February 4 2004 MySpace is a popular social networking Website offering an interactive user-submitted network of friends personal profiles blogs groups photos music and Digg is a Website made for people to discover and share content from anywhere on the Internet, by submitting links and stories and voting and commenting on submitted Flickr is an image and video hosting Website, Web services suite and Online community platform

References

  1. ^ USAToday: Viral advertising spreads through marketing plans. June 23, 2005, 2005
  2. ^ Viral Marketing - definition, information, sites, articles
  3. ^ Bizsum Book Summary: Secrets of Word Of Mouth Marketing by George Silverman.
  4. ^ Wired: Commentary: Sock Puppets Keep It Shill on YouTube. May 8, 2007
  5. ^ Onion: I'd Love This Product Even If I Weren't A Stealth Marketer. December 14, 2005
  6. ^ The Virus of Marketing.
  7. ^ Montgomery, Alan (Mar-Apr 2001). "Applying Quantitative Marketing Techniques to the Internet" (PDF). Interfaces 31 (2): 90-108.  
  8. ^ Viral Marketing Alert!.
  9. ^ Marketers Feverish Over Viral Ads.
  10. ^ TiVo's Stealth Giveaway.
  11. ^ Breaking the Code. WWE (November 19, 2007).
  12. ^ Clayton, Corey (November 19, 2007). Orton burned by the second coming of Chris Jericho. WWE.
  13. ^ Chris Jericho - Save Us Secret Site. OnlineOnslaught. com. Retrieved on 2007-11-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 164 BC - Judas Maccabaeus, son of Mattathias of the Hasmonean family restores the Temple in Jerusalem.
  14. ^ NEW INFO! Chris Jericho - Savior Self Secret Site. OnlineOnslaught. com. Retrieved on 2007-11-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 164 BC - Judas Maccabaeus, son of Mattathias of the Hasmonean family restores the Temple in Jerusalem.
  15. ^ Sporting Clube de Portugal
  16. ^ Penenberg, Adam. "Ning's Infinite Ambition" (Magazine), Fast Company, Mansueto Ventures LLC, May 2008, pp.  76-84.  

See also

A viral video is a Video clip that gains widespread popularity through the process of Internet sharing typically through Email or

Dictionary

viral marketing

-noun

  1. (uncountable) (advertising and marketing) A marketing technique aiming at reproducing "word of mouth", usually on the internet or by e-mail, for humorous, political or marketing purposes.
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