Viral Marketing Campaign Case Study: The Geisheker Group, Inc.
Cost/Budget:
The cost of a viral campaign is as varied as businesses using viral campaigns. Some companies spend very little money (a few thousand dollars) and some spend hundreds of thousands. The budget that you determine needs to be based on what you can afford and your specific goals. I recommend starting your budget low – under $2000. Understand that viral marketing is not guaranteed to work and only about 15% of all viral marketing campaigns are actually successful in that they go viral and attract buzz among a large audience.
When determining your budget, you need to determine what you want to accomplish as a result of your viral campaign. What is your goal? Do you want to build brand name (the most common use of viral marketing among businesses), or do you want to build a database of prospects, or do you want to generate sales? I vote for building a database of prospects and generating sales. I believe all marketing, including viral marketing, should be focused on generating income for your business.
As an example of a small and inexpensive yet effective viral marketing campaign, I will discuss the viral campaign I built for my marketing firm. I created a free ebook that contains an outline of how to write a marketing plan and includes over 100 marketing strategies businesses can use to market themselves. In my ebook, I encourage people to forward my ebook to other business owners and entrepreneurs. Doing that was the viral aspect as I was giving away information of value to my target market (small business owners) for free and asking them to forward it to other people.
Here is how I launched my viral campaign and keep it alive:
1. As my goal was to use my viral ebook to build a database of prospects and generate sales, the first thing I did was create a webpage with an email subscription form so people had to give me their name and email address to get my free ebook. Upon entering their name and email address, my ebook would automatically be emailed to them. The service I use for my marketing newsletter and auto-responders is www.aweber.com.
2. Then, I wrote and distributed a press release announcing that I was giving away a free marketing plan outline and marketing strategy ebook. My cost for this was around $200.00 on www.prweb.com. This got my press releases posted on over 20 blogs and websites where their visitors could see they could download my ebook for free. I soon will be sending out another press release as doing this worked so well the first time.
3. I setup a Google AdWords account and bid on search terms such as “marketing plan”, “marketing plan outline”, and several other terms. My cost per click was around 25 cents. This immediately got people to my website where they could download my ebook for free if they gave me their name and email address. Over the course of 2-years I have spent a couple thousand dollars doing this and it has worked incredibly well.
4. I advertised my free ebook on my website www.geisheker.com, which I have number one search engine rankings for the terms marketing firm and marketing firms. This brings me a lot of targeted web traffic and people downloading my ebook.
5. I advertised in a couple of small business ezines (electronic newsletters) that had tens of thousands of subscribers. Total cost for this was around $500.
Doing the above 5 items is what got my ebook into the hands of my target market. By telling them they can freely give away my ebook on their website and forward it to friends, family, colleagues, etc., viral marketing was launched as other people were doing my marketing for me.
Results:
1. My ebook has been downloaded countless times.
2. Many websites offer my ebook as a free gift/resource to their visitors. This is viral marketing at its best – other people talking about and giving away my “viral offering” to others.
3. I have built a database of prospects that I market to each month with my automated marketing newsletter.
4. I get many of my clients from my marketing newsletter. My investment of about $4000 to date to market my free ebook has generated over $100,000 in sales in the past two years. So, although my example of viral marketing is a very small scale example, it is a very profitable example. Most viral campaigns are NOT profitable because the business is focusing on building brand instead of building a database of prospects and generating sales. In my opinion, spending money on branding alone and not on building a database of targeted prospects to sell to is throwing your money away.
People can get my free marketing plan outline and 100+ marketing strategies ebook by going to
http://geisheker.com/newsletter.htmPeter Geisheker, CEO
The Geisheker Group
Marketing Firm"We don't help you compete, we help you dominate"
http://www.geisheker.com(920) 471-1638
Labels: viral marketing, viral marketing case study