Overview of Reputation Management
Reputation management is the effort to influence what and how people think of a brand or
person when viewed online.
Reputation management goes
by a variety of names — online reputation management (ORM), internet reputation
management, rep management, brand perception. This blog post will answer some
of the most common questions regarding reputation management.
If your company’s reputation is at risk, then grasping the basics of reputation
management is critical for your business’s
ongoing survival.
1. Reputation management happens mostly online
A vast amount of
communication happens online. We meet friends, we solve disagreements,
we discover new businesses, and we read the news.
Since people choose to
interact on online platforms, reputation management companies use social media
and SEO tactics to
achieve their goals.
2. Reputation
management empowers your sales and marketing
Reputation
management lives within the wide world of sales and marketing, and though
it can be described as a “tactic,” it’s hardly negligible. It's nearly impossible to sell a product to a
clientele that doesn't trust or believe in your brand.
3. Reputation
management is essential for a business’s survival
We’re not overstating the
case when we write that reputation management is essential for a company’s
survival.
These are
all examples of how the emergence of online
communication platforms has made reputation
more delicate. These days, a single badly handled situation can
quickly plunge a company into bankruptcy.
4. Reputation
management is important both for personalities and businesses
We've mostly focused
on reputation management as it applies to businesses thus far, but it’s
important for individuals too. It’s an area of interest for the billionaire
hedge fund manager attempting to cover up an extramarital dalliance gone
public.
5. Reputation
management is a fast-growing industry
As we’ve pointed out, if
your reputation is down the tubes, so is your business. In fact, 87% of
customers will reverse a purchase decision after viewing
negative content about a brand or product online.
It’s no surprise, then,
that businesses shell out tens of thousands of dollars a month in an effort to
preserve or improve their reputations.
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