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Viral Marketing
Viral marketing is a low cost online marketing strategy that utilizes word of mouth marketing to promote sales growth. People may be asked to refer something to their friends, family and associates such as a product or service.
Each use of the product or service stimulates new users so the number of users grows dramatically in a short period of time. Through viral marketing, if done correctly, you can grow a business exponentially. Viral marketing makes use of a phenomenon called factoring. A classic example of factoring: you recommend something to friends or family, maybe a new golf club. Then they tell their friends, who tell their friends, etc. That’s one form of viral marketing.
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