How things spread Flashcards
What is Rogers’ theory of diffusion? How use it in marketing?
Adoption curve! (bell curve)
Innovators first, early adopters next, early majority, late majority, then laggards.
Frame things differently if marketing to early adopters than to majority
What is an exception to Rogers’ theory of diffusion?
‘Big bang theory diffusion’ = BIG bunch of people that adopt right away
ex: Zoom with Covid (where did skype go lol), Google Maps very quickly overtook GPS in cars
What are teh 5 main things that impact diffusion/adoptability rate?
- Perceived relative advantage
- Compatibility
- Simplicity
- Trial-ability
- Observability
What is perceived relative advantage impact on diffusion?
Is it better than what came before?
Ex: MP3 player much better than discman from before VS new iphone each year, not that huge advantage
What is compatibility impact on diffusion?
Is it consistent with consumers existing values beliefs needs? (the way people did things before?)
ex: Apple eliminate ports on macbook or eliminate headphone jack – incompatible with people using corded headphones still / other connections
ex: self driving car ethical choices - need to match with human beliefs etc
What is Simplicity impact on diffusion?
easy to understand/use
ex: apple products often understandable even for kids!
What is Trial-ability impact on diffusion?
can consumers experiment with it on a limited, low risk, low commitment basis? - no big commitment to unknown innovation
ex: Zappos order online and can try for 30 days and return
What is Observability impact on diffusion?
are benefits of innovation visible to potential adopters?
ex: customers reviews writing about it
ex: compare nice high res tv to one beside it that low res
What is viral content?
shared by word of mouth = spreads through networks (vs normal stuff just from one source and doesn’t spread from people that hear it from source - all just from the source)
What are teh 3 impacts on virality?
- Community participation = it comes into facebook communities and larger groups that have their own audiences (tiktok trends rise and people duet and it goes on)
- Tastemakers = Influential people/celebrities get involved
- Emotional reaction = positive emotions meant more shares, other high arousal emotions (anger, anxiety) also more likely to be shared (sadness much lower)
How can ads go viral AND increase sales?
Need more than just emotions, need also information and brand related info (emotional integral = brand info WITH emotions)
ex: hug the coke machine to get a free one! vs android commercials with jsut a bunch of cute animals but pretty unrelated to the brand
** celebrity helps with shares, animals and babies are even more
What makes movies and tv popular?
Using AI natural language processing –> quantify tons of text quick, identify shape of stories, check for emotional volatility (low = stay at one emotion for a while // high = flip back and forth) and for speed stories progress (flip between topics/themes)
= more popular if higher emotional volatility and move faster between things
How do stories change as they’re retold?
‘Disagreeable personalization’ = becomes more personalized and more disagreeable (facts removed, opinions added, more extreme)
- when people want others to pay attention to their stuff they focus on negatives
- when share news omit facts and add opinion
^ combined!
So stories shared over time become more negative, less detailed, more opinion based
**So sharing can reduce actual fact and increase negativity
What is the Barclay Prime example of something going viral / catching on?
Wanted to make a successful steakhouse, needed to solve the typical awareness problem restaurants have = make some buzz, so take the simple philly cheesesteak everyone loves and sees everywhere to the next level, making one $100!
Made people want to try it, and told everyone they could about it = made it a conversation piece, and it worked!
What are the main reasons things catch on?
- just plain better product (functionality or more effective at what intended to do)
- attractive pricing
- advertising plays a role too
- WORD OF MOUTH/SOCIAL TRANSMISSION