MANAGEMENT

Detailed explanation-1: -What Is Word-of-Mouth Marketing? Word-of-mouth marketing (or WOM marketing) is when a consumer’s interest in a company’s product or service is reflected in their daily dialogues. Essentially, it is free advertising triggered by customer experiences-and usually, something that goes beyond what they expected.

Detailed explanation-2: -Word-of-mouth is even more effective than paid ads, resulting in five times more sales. 64% of marketers agree that word-of-mouth is the most effective form of marketing. Most marketers (83%) use word-of-mouth marketing because it increases brand awareness.

Detailed explanation-3: -The two surefire marketing strategies for small businesses – cooperation marketing and social proof – are designed to bring you more for less: maximum traffic and customers, at minimal spend. Cooperation marketing helps drive traffic to your website by partnering with other businesses.

Detailed explanation-4: -Most effective marketing strategy: SEO marketing SEO or search engine marketing tops the list of effective marketing strategies for small business, because it forms the base that all your other online marketing strategies will build upon.