What matters more to a company than keeping the cash flowing is keeping the consumers happy. Customers are supposed to be the center of any organization dealing in products and services. They are the pillars that keep the roof over the heads of business owners. While there are a lot of businesses out there that exist just to make money by confusing their customers, such a business cannot survive for long. Bread can’t be baked with foul dough, and brands cannot stay afloat with a bad reputation.
What makes a brand’s reputation important?
The reputation of a business is what brings in revenue. If a customer is not satisfied or happy with the first experience they have with your business, they will not only say goodbye but will also suggest to their acquaintances and people they meet to avoid you. Brand reputation thus plays an important role and requires excellent management to set an example. In the internet world, where everyone gets a voice, whether you have a review page or not, it is important to check on the consumers who have left your business premises with a sour taste. Social media is now the biggest platform where customers can raise their concerns and display satisfaction in direct reference to a brand. This makes most consumers go to companies whose reputation management is good. Companies with good reputation management have certain values that set them apart for 86% more customers. They constantly keep in touch with the needs of the consumer, they always allow space for the consumer to raise concerns, they have a response team for all consumer concerns, and most of all, they are prompt at resolving customer issues. Thus, online reputation management (ORM) is important for every brand. Here are a few insights on what good reputation management is and some successful online reputation management examples.What is online reputation management?
Online reputation management (ORM) is a process that involves the use of social media monitoring, online platform reviews, media, news articles, or any online content that refers to the reputation of the company. The concerns raised using these channels are reviewed by the company to create a prompt response to the netizens through direct messaging, commenting on social media, replying to product reviews, or creating a public declaration through ad campaigns or publicity acts. An ORM program is developed to avert reputation crises for brands and resolve customer concerns. Sometimes it is also used to defend against false or confusing allegations against the brand coming from an unreasonable customer. The main benefits of online reputation management are:- Keeping untrustworthy rumors away from the brand image
- Keeping the market credibility of a company unharmed
- Pacifying a number of complaining customers without bursting out the entire ordeal
- Increasing audience engagement by handling acts of deliberate defamation
- Boosting sales by improving customer experience through a prompt resolution of issues