Brand reputation and the reviews left online play a critical role in an organization’s ability to grow. They influence not only the number of customers willing to buy a product or service from them, but even their ability to bring in quality new hires that help to strengthen the organization. As many as 69 percent of people would turn down a job at a company with a poor reputation.
When it comes to making purchases, the numbers paint an even starker picture. Only 48 percent of customers say that they would do business with a company that had ratings under 4 stars. Customers trust these reviews to help them find the best options to answer personal pain points with 84 percent saying that they trust online consumer reviews as much as personal recommendations.
Understanding how to nurture a positive brand reputation and building your online presence with positive reviews will therefore influence the success of your organization. Here is what you need to know about reputation and reviews for business.
To begin cultivating your desired reputation and positive reviews online, it is important to plan, understand how customers look at reviews, and the type of factors that influence the overall reputation of your company.
From a B2B perspective, reviews are an important part of the evaluation stage. Leads want to know what influenced other customers to make a purchase and how that aligns with their pain points, needs, and experiences. Additionally, vendor reputation is the top-selling point for B2B buyers, with over half citing it as an important factor in their buying decisions.
For B2C customers, reviews also play a critical role. For local businesses, 97 percent of consumers report reading reviews, and nearly three-quarters (73 percent) report that positive reviews will help them think more positively about a business. Hotels, banks, healthcare providers, and other B2C organizations should place a high priority on building reviews that enable them to bring in more potentially interested customers and improve the chances of them making a purchase.
There are several different factors that can influence your brand’s reputation and the general perception people have of your organization.
To build a quality reputation, therefore, in addition to excellent product and service, organizations need to include reputation as part of omnichannel campaigns that allow them to focus on building positive relationships with existing and potential customers. Here is what organizations should focus on accomplishing, step-by-step.
To a degree the steps you take to build your brand reputation will be personalized to your specific industry, niche, and organization. However, there are a few overarching principles and steps that you can use to guide the development of your strategy.
While building your brand reputation and cultivating reviews, there are a few tips and tricks that you should also keep in mind to help you achieve success.
There are a few different platforms where customers can leave reviews and receive traffic from consumers looking for businesses across industries. For example, Google My Business and Facebook should be a top priority for organizations. Profiles on any review platform should include high-quality images, updated and helpful information, and engagement from the brand when possible.
Popular ones that people should note include:
A full 84 percent of customers believe that reviews over 3 months old are no longer relevant. Therefore, you need to make sure that you maintain consistent review cultivation practices as you run your business. Building up several 5-star reviews is not enough, you need to keep the reviews coming.
It can be disheartening to get bad reviews and find yourself with a less-than-optimal rating on any review site. However, the work that it takes to improve ratings is worth it. Just a one-star increase in rating on Yelp can increase revenue by 5 to 9 percent
As you begin to nurture your online reputation and build a wealth of reviews, you will find that there are some mistakes that organizations often make that you want to be careful to avoid.
Some sites will delete reviews or otherwise penalize organizations that attempt to bribe people to leave dishonest reviews. Customers also get too suspicious if there are no negative reviews, so the strategy can work against you even if you do not get caught.
As already discussed, customers watch to see how brands respond to perceived and actual mistakes. They want to see quality service. How you respond to a negative review can actually help improve your reputation.
Some platforms allow customers to leave reviews even if you do not formally set up a profile. You do not want your brand to accumulate negative reviews without any input or knowledge from your organization. Monitor the different platforms and take control of your online presence.
Not making review cultivation a continual effort. Your reviews from several years ago, or even several months ago, will not influence customers all that much. Make an effort to bring in fresh reviews regularly.
Your brand reputation and the business reviews you cultivate will have a big impact on how customers perceive your business and whether they will buy from you. If you want to make the most of your online presence, consider how you can use these steps and information to help your brand stand out from the crowd.
Read blogs on Milestone’s other digital marketing guides:
Guide to Choosing the Perfect CMS in 2022
Guide to Content Marketing in 2022
Guide to Social Media Marketing in 2022
Guide to FAQs and How to Do It Right
Local Marketing Guide & Framework
Guide to Video Marketing
Contact us at +1 408-200-2211 or email us at sales@milestoneinternet.com
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