Word of mouth has always been the most important marketing platform. It is the reason why so many businesses have exploded and stuck.
Whatever research you look at you will see that word of mouth marketing has had the biggest impact on business growth. Here are some numbers:
- 67% of the US economy was driven by referrals (McKinsey & Co, 2001)
- 90% of online consumers trust recommendations from people they know; 70% trust unknown users, 27% trust experts, 14% trust advertising, 8% trust celebrities (Econsultancy, July 2009, Erik Qualman, Socialnomics)
- 92% have more confidence in info found online than they do in anything from a salesclerk or other source (Wall Street Journal, Jan 2009).
- 75% of people don’t believe that companies tell the truth in advertisements (Yankelovich)
- 70% consult reviews or ratings before purchasing (BusinessWeek, Oct. 2008)
- 7 in 10 who read reviews share them with friends, family & colleagues thus amplifying their impact (Deloitte & Touche, Sept. 2007)
- 51% of consumers use the Internet even before making a purchase in shops (Verdict Research, May 2009)
- 45% say they are influenced a fair amount or a great deal by reviews on social sites from people they follow (46% say reviews in newspaper or magazine influence them.) (Harris Poll, April 2010)







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