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  • Sales & Marketing
  • The Profits and Perils of Viral Marketing

  • Viral marketing. It's all the rage today, and sometimes it seems like everybody's going viral. But what exactly is viral marketing? How does it work? And when should you try to employ it?

    Contrary to popular belief, viral marketing has been around forever. It's basically word-of-mouth, only instead of the "virus" spreading through conversation it's spread through user groups, websites, email, instant messaging and a host of other technologies.

    There are two main differences between today's viral efforts and yesterday's word-of-mouth marketing: intent and intensity:

    • First, intent. Word of mouth has always been the most valuable form of marketing, for the simple reason that when a trusted friend or colleague recommends a product or service, a) they have a level of one-on-one intimacy with the "target audience" (typically a friend or family member) that no marketer could replicate, and b) they have no ulterior motives. That makes their recommendations personal and trustworthy.

      But while companies have always respected and valued word of mouth marketing, for most of recorded history they had no way of generating it beyond providing quality customer experiences. If they did a good job people would spread the word, and if they let customers down the same would happen. While the ...

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Coming Up In The March Online Hotel Business Review

"Hotel Business Review offers weekly articles for hotel management and operation and discussion on emerging growth markets."
Feature Focus
Hotel Human Resources: The Biggest Challenges
The economic challenges of the past four years have led many hotel companies to re-examine the ways in which they do business and how they deploy talent. In many cases, the work did not go away and fewer people were left to carry on the tasks that had previously been shared among many. As we work our way out of the recession and look forward to a healthier economic environment, there is an understanding that despite recovering business levels, we may never see the return of former staffing levels. This "new norm" of operating with leaner teams has led Human Resources professionals and people managers to look at career development and growth opportunities in a new light. The March Hotel Business Review will take a look at some of the strategies being used by successful hotel brands, and techniques human resource directors are currently exploring.
INSIGHTS FOR INDUSTRY LEADERS BY INDUSTRY LEADERS
"The Four Habits of Highly Effective Human Resources"
"Embassy Suites 'The Circle of Leadership"
"Applying Consumer Marketing Best Practices to Employee Loyalty"
"How Incentives are Changing to Keep Existing Staff Motivated?"
PLUS: Mobile Technology - Attracting & Retaining Top Talent - Education - Employee Engagement - Employment Claims & Litigation - Employment Contracts - HR Management.