So the bad news for the advertising and marketing folks is that people are becoming a little more informed and wising up to the game. The good news for Web site co-ordinators is that the mechanism of viral marketing is as valid as ever. The catch is that you have to provide something of value to your visitors...
For me - as a 'Micro-ISV' with a viral marketing style product (Send2Friend) - I see it as a renewed movement away from gimmicky pseudo-sites towards content-focused sites. People will still refer your site to a friend if it offers something useful. That's partly why (interesting) blogs are such a good way of getting noticed.
My conclusion is this. Rather than spending big dollars on a glossy advertising campaign that has a built-in lifespan, you're better off diverting resources to improving your core Web site - tutorials, help, tips, news etc (and now for the thinly disguised marketing campaign...). Then you use a low-cost referral tool (like, say, for instance, maybe Send2Friend!) to allow your visitors to share that content with their friends and colleagues.
Whether you build it yourself or you use a service provider, it has to be easy to use, good-looking and not interfere with the Web browsing process (ie: no popups or page refreshes). That's why Send2Friend uses AJAX and GUI themes. If you can build an opt-in mailing list at the same time, you've got a double whammy!
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