On Line Reputation Management

Consumers are talking about you and your business

Consumers are talking about you and your business

On Line Reputation Management, four words that you as a business owner should be very very aware of, why? because these four words can ruin your reputation and can directly influence whether a consumer does business with you or your company.

I’ll share a story with you about a friend of mine who has recently decided to upgrade their current home by building their own, and over the weekend ,visited a number of display homes of several well known national building companies. The sales people were very polite and helpful, the display homes beautifully displayed and as a result of this first experience, they were very excited about the prospect of building their own home.
When they got home, just to check out the credentials of both of these very well known builders, they typed into Google, “complaints about (I’ve removed the names for privacy reasons) company” and what was displayed was pages and pages of consumer complaints about the companies services, or should I say lack of service, once the contracts had been signed.
 
My friends have now decided not to use either of these companies because of the range of complaints against them.
One thing that stood out to me, was that neither of these builders had attempted to try and rectify or even respond to these complaints, yet this simple search has just lost them approx $500,000 in business, that was the cost of building the home. 
Word of mouth has changed due to the influence of social media and where once a consumer who’d had a negative experience with a company, could only influence their circle of friends at a Sunday get together, today are able to publish their comments to hundreds of thousands of consumers via forum sites and blogs. So word of mouth brand building has changed forever, if you’re not aware of the impact of this then now’s the time to learn and quickly!
There are numerous forum sites active on the Internet, not just Google, that carry complaints from consumers about all sorts of businesses, in fact any company that has a transactional business, deals face to face with the public or advertises on the web is vulnerable. 
 
When planning my last holiday, tripadvisor.com became my best friend, and I changed my airline or hotel choice after reading what other consumers had to say about complaints or comments about their experience with the companies.
 
It’s estimated that over 40% of consumers who see a negative search engine result, will not use that company, and I cannot imagine how much business has been lost to companies that feature on these forum sites, and more importantly, these businesses are probably not even aware they’re losing business on the web.
 
So it’s time for you to set up an On Line Reputation Management strategy for your business today, you need to Monitor, Manage and Repair.
 
Setting up Google alerts is a great start, include keywords that you want to monitor, and once a day Google will send you an email giving you all the information if your name or business is mentioned on the web. Sites such as trackur.com,serph.com etc will all help you monitor your on line reputation.
 
My advice to you is start monitoring your brand on line today, you just never know who might be searching you or your business right now. 
If you would like more information on how to protect your brand on line, please let me know via this blog and I’ll be happy to assist you in setting up an effective strategy to monitor your on line reputation. 

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Mike Andrew Seminar Series Kicks Off Again in 2009

The first of the Emerging Trends in On Line Real Estate Marketing Seminar series kicks off next week on the Gold Coast in Qld. The seminar series features the following topics:

  • emerging online real estate marketing trends
  • emerging on line consumer trends
  • how these trends will impact your marketing plans in the future
  • the importance of on line reputation management and why this is critical for real estate  professionals
  • the impact of social media on traditional real estate marketing practices
  •  

    The location for the first seminar is as follows:

    Tuesday 17th February

    Radisson Resort Gold Coast  Carrara Qld

    9:00am for 9:30am start

    Thursday & Friday 19th & 20th February

    Victoria Park Golf Complex, Herston Road, Herston

    9:00am for a 9:30am start

    Please contact Ben Tankey, Domain.com.au
    Telephone: 07 3031 6226
    Email: BTankey@fairfaxdigital.com.au
    (if RSVP by email please include your name, agency and contact number)

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    The Impact of Social Media on Word Of Mouth Brand Building

    Looking at the impact that new media and web sites such as Facebook and Myspace have on how people communicate with each other got me to thinking about how much impact they have on “Word of Mouth”.

    Social media sites,Blogging and podcasting have had a huge impact on how businesses and individuals can get their message out to a ready and willing audience on the internet, Well, have you ever given any thought on how this might be impacting what you do on a day to day basis?

    In my On Line Reputation management presentation I look at the impact of web sites that allow consumers to publish comments about you or your business and rate a service that you may have provided and how that comment can kill your business if it’s bad. In fact when planning my recent overseas trip, I frequently went to tripadvisor.com to check on a hotel or service provider and if it was given a negative review and there were a number of these about my choice, I would change my hotel based on those comments. I believed the consumer and these comments were published and available for everyone to see.  

    So the question I ask is, if this is the impact of negative comments, what would the impact be of positive reinforcement of your brand, business or service and is the method of reinforcing this word of mouth advertising changing? To me the simple answer is yes it is bigtime, so are you or your business ready to really change the way you approach social media and the internet? Are you adopting new communication tools in your business?, are you aware of what comments are being made about you, your business or industry? If so are you gearing up to take full advantage of the power of the new word of mouth?

    Here’s an interesting video about the change in Word of Mouth advertising from Gary VayNerChuk, Internet businessman and celebrity about brand building and the way that word of mouth is changing in 2008/2009:

    Please enable Javascript and Flash to view this Viddler video.

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