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What is viral marketing?

Category: Online Classes | Quizzes | Exams Paper Type: Online Exam | Quiz | Test Reference: APA Words: 700

  It is common for every internet and social media user to see a viral story roaming around various social media platforms. Such kind of viral stories is liked and shared by millions of users. One would wonder how these stories are made viral, whether it randomly happened, or it happened by luck. But the fact of the matter is that viral stories sometimes have a well-planned strategy behind it. First, it is important to understand what viral marketing is. It is a kind of business strategy which uses a variety of social media platforms and networks for the promotion and marketing of a product or service. To give it more understanding, here is a definition of viral marketing, which states that “Viral marketing is a style of promotion that relies on an audience to generate the message of a product or service.” In this definition, the internet or social media has not been mentioned because the earlier concept of viral marketing dealt with “word of mouth” marketing, making a product viral. The word viral in his definition actually means how quickly information is spreading amongst the consumers. Moreover, how large this sharing of information amount is. It was mentioned earlier that viral marketing has a well-developed viral strategy, but still, it will always be dependent on the essence of luck, but no one knows, how users will conceive a viral content. If it doesn’t seem interesting to them, then they will not share it with others, and the spread of information would be lower, which means that content would not go viral (Barnhart, 2020)

2. Name and discuss two advantages and two disadvantages of viral marketing for any organisation?

            It is important to understand for a variety of organisation that viral marketing has many advantages, but it also has a few disadvantages as well. It means that when organisations are looking to use this strategy, then they should be extremely careful because if strategy is not well-designed, then it can turn in to a nightmare. It’s time to look at the two advantages of viral marketing. The first critical advantage of viral marketing is that it is a low-cost strategy. The organisations always look to handle their costs effectively, and when it comes to traditional marketing, there will be so many costs to handle. But when it comes to viral marketing, the costs are very lower as compared to any other marketing strategy. This strategy is low cost because the majority portion of this marketing is dependent on the users and consumers. If an organisation has made a viral content and it grabs the attention of people, then leave the rest on them, and the organisation have nothing to do (Fraile, 2020)

            The other great advantage of viral marketing is for the international organisation, and that advantage is getting a great potential reach. If a company’s video has gone viral on the internet, and it is a popular company across the globe, then this viral content can reach a great potential international audience making a buzz. The beauty of this reach is that organisation will not have to invest anything, whereas normally international marketing can be costly. One of the disadvantages of viral marketing is almost no control. Once the content has gone viral and spread on the internet, then organisations will have no control, like changing the perception of its content or doing anything else. The other disadvantage of viral marketing is its uncertainty as it cannot be measured in any terms. The marketing experts of an organisation will have no idea, how viral content can be, and what purposes will be served. All things will be dependent on the audience, who receives the content (Gaille, 2016)

References of What is viral marketing?

Barnhart, B. (2020). What is viral marketing (and does it actually work in 2020)? Retrieved April 3, 2020, from https://sproutsocial.com/insights/viral-marketing/

Fraile, A. (2020). What is Viral Marketing? Advantages and Examples. Retrieved April 3, 2020, from https://www.cyberclick.es/numericalblogen/what-is-viral-marketing-advantages-and-examples

Gaille, B. (2016). 19 Pros and Cons of Viral Marketing. Retrieved April 3, 2020, from https://brandongaille.com/19-pros-and-cons-of-viral-marketing/

 

 

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