Site icon Fikson

Word of Mouth Marketing Statistics 2024

Word-of-mouth marketing isn’t dead in 2024; on the contrary, it’s as prominent as ever! In the era of fake AI-created influencers, real humans with real opinions are priceless.

Think about the last time you experienced something amazing and just had to tell your friends about it.

You know what that was? Word-of-mouth marketing (WOMM). It’s something we all experience almost every day. It’s no wonder that nearly half (48%) of businesses worldwide lean heavily on WOMM. Why? Because it’s a free (well, mostly) and powerful way to spread the word about products or services using loyal customers as the mouthpiece.

To really grasp the power of word-of-mouth marketing, let’s dive into some eye-opening statistics.

Ready to find out more about WOMM?

So, let’s get started.

📊 General Word-of-Mouth Statistics

📌 Statistic🔢 Percentage
🗣️ People who talk about their favorite products with friends and family daily23%
🗣️ People who rave about their favorite experiences weekly78%
🛡️ People who trust a recommended brand (even from strangers)90%
🛡️ People who trust a brand recommended by friends or family88%
🥇 Top method for recommending businessesWord-of-mouth
🚫 People who avoid a brand after a negative story26%
🚫 People who lose trust in a brand due to bad WOM21%

🌍 The Power of Word-of-Mouth Marketing Statistics

📌 Statistic🔢 Figure
💸 Annual global spending driven by WOM$6 trillion
💼 Contribution of WOM to global sales13%
💥 Effectiveness of WOM over paid ads5x more sales
❤️ People who say WOM increases brand affinity28%
📈 Marketers who agree WOM is the most effective marketing form64%
📊 Marketers aiming to increase online WOM spending70%
📈 Marketers using WOM for brand awareness83%
📈 Marketers using WOM to boost sales43%

🌱 Brand Discovery Through Word-of-Mouth Statistics

📌 Statistic🔢 Percentage
🧑‍🤝‍🧑 Millennials discovering brands via friend/family recommendations38%
🇨🇴🇲🇽 People in Colombia and Mexico who hear about products first from WOM39%
🎧 People discovering new podcasts via WOM32%
📱 People becoming aware of smartphone apps through WOM20%
🇦🇺 Australians discovering brands through search engines42%
🇷🇴 Romanians using WOM as a product discovery method28%
🧓 Baby Boomers discovering new brands via WOM16%
👨‍👩‍👧 Generation X discovering products through WOM18%
👶 Generation Z discovering new products via WOM12%

🛒 Brand Consideration Through Word-of-Mouth Statistics

📌 Statistic🔢 Percentage
🇨🇳 Chinese luxury hotel guests who consider WOM in decision-making17%
🛒 People considering convenience store visits after WOM28%
🎄 Consumers considering Christmas gifts based on WOM23%
💝 People considering Valentine’s Day gifts based on WOM23%

💵 Influence on Purchases Through Word-of-Mouth Statistics

📌 Statistic🔢 Percentage
🛍️ Purchases directly influenced by WOM90%
🇸🇬 Singaporean shoppers buying in physical stores due to WOM23%
🍽️ Americans deciding on restaurants based on WOM37%
📺 Electronics purchases influenced by WOM31%
🍺 U.K. craft beer drinkers buying based on friend recommendations50%

👥 How Customer Service Drives Word-of-Mouth Statistics

📌 Statistic🔢 Percentage
😀 Satisfied customers who return and share experiences96%
💬 Customers who tell others about a resolved issue4-6 people
💸 Value of customer loyalty compared to a single purchase10x
🤝 Brands with positive experiences receiving more WOM3x more
😡 Customers sharing bad experiences8-16 people
😤 Customers sharing after a second bad experience20+ people

🏢 Word-of-Mouth for Small Business Statistics

📌 Statistic🔢 Percentage
💼 B2B marketers using WOM to promote live events8%
🚀 Businesses planning to use WOM in their yearly strategy20%
📈 Small businesses using WOM for recruiting65%
🦟 Clients coming from WOM for a mosquito fumigation service76%
💻 Small businesses choosing software based on WOM46%
🇺🇸 U.S. businesses using WOM as a top marketing tool48%

🔄 Organic vs. Non-Organic Word-of-Mouth

Marketers need to understand that WOM can be organic or amplified.

Organic WOM naturally starts with consistently delivering great customer experiences. Satisfied customers will do the talking for you.

On the flip side, if your business isn’t getting enough buzz, you can kick things into gear with amplified WOM. This involves using marketing campaigns to generate talk around your brand.

A classic example? Tinder. When it launched in 2012, the app relied entirely on brand ambassadors to spread the word. Fast forward two years, and it had 50 million users, all thanks to WOM.

Another success story is Audible, which leveraged influencers to reach over 123 million YouTube viewers in a single campaign. By using influencers across various niches, Audible tapped into a broad audience, proving the power of amplified WOM.

While organic WOM is ideal and offers long-term benefits, amplified WOM can be a great way to jumpstart your strategy.

These statistics make it clear: word-of-mouth marketing isn’t just powerful—it’s essential. Whether organic or amplified, WOMM can shape the

Exit mobile version