“Your brand is what people say about you when you’re not in the room” (Jeff Bezos)
Building a long-term reputation has become an essential element of doing business online. In the face of the digital revolution, when you can successfully manage your business’ online reputation and social media presence, you can expand your growth and opportunity set. With an authentic and representative digital presence, your business can play to its strengths and capitalize on effective public relations.
A good online reputation also impacts sales and profit for long run. Statistics also reveal that people trust online reviews: 90 percent of survey respondents claimed that positive online reviews influenced buying decisions. In comparison, 86 percent said buying decisions were influenced by negative online reviews.
Reputation management can be precisely broken into three segments:
Building your company and brand reputation: Whether you are new company or are launching a new product/service or have branched out to a new industry or a customer base, your primary focus should be establishing a stellar reputation for your business and your brand.
Maintaining your company and brand reputation: Maintaining your stellar reputation is critical. Once your company has established a solid reputation, you have to take continuous strategic and formational steps to maintain it.
Recovering your company and brand reputation: A negative word or image in the public eye can ruin your brand’s reputation. To effectively address such an occurrence, your need to thoughtfully rebuild your brand overtime. Consider partners with expertise in how to create a strong positive image in the minds of the public. Positive association with your brand comes as a result of planned promotional activity and building trust.
Successfully build your Online Reputation using Social Media as an effective tool:
1. Building compelling social media presence and proactive participation:
Social media is a tool which when used at the right time and in an effective way yields better results. Consider this-
Sometimes not participating on social media can be a liability, especially when something goes wrong and there is a customer complaint. In other words, without an active social media presence, dissatisfied customers may be sharing their frustration.
Responding quickly to a negative situation or accident is critical. If your team is not engaged, then your business cannot respond to issues and provide solutions.