Why reputation is not important




















Consumers care about a company's reputation and purchasers' reviews. Reviews are so important, in fact, that businesses can't survive in without them.

We all do it. We read reviews. We use reviews to choose which stores to shop at, where to eat breakfast, which apps to download, or even which doctor to visit. Reviews are quickly outpacing word of mouth recommendations. Here are a few more eye-opening statistics that show exactly why it is worth dedicating time and effort to maintain a positive online reputation.

Curating a positive reputation is different than simply leaving it up to the random opinions of others. Advertising and PR are examples of how brands try to curate their own company reputation.

Coca Cola tries to associate itself with young healthy people through advertising. Today, most people understand the reputation of a brand through the lens of search engines and social media with a certain amount reserved for the physical world. Online reputation management works to actively affect how a person or company is perceived by channeling positive information about a brand in a way that increases positive sentiment , while causing negative sentiment information to lose visibility.

As the internet grows, your business or brand will be seen and judged. And if this is not attended to, it can be taken advantage of by competitors, and some consumers may write complaints and leave negative reviews in the process.

But properly cared for, your reputation can flourish with new and better opportunities arising because of it. If you think about that, you'll do things differently.

This new "identity" reputation can become overwhelming, and be all that consumers focus on. When dealing with negative reviews , remember that the most important thing to do is to keep a level head throughout the whole process.

Just because someone left a negative review about you or your business online doesn't mean that they will never consider giving you a second chance. It all depends on how you handle the situation. Go ahead and respond politely and professionally. Consider these tips:. There are also many subsidiary benefits to having a good reputation : businesses that enjoy a high standing may not have to spend a fortune advertising and marketing as their customers will frequently advertise their products and services by sharing with their friends.

Moreover, when it is endowed with a good reputation, an online business may be successful in avoiding lawsuits as a complainant may concede that the company's excellent public reputation could thwart their chances of winning.

This may well reduce the company's legal costs, which in the case of smaller companies can prove so threatening. Another benefit of a positive online reputation is that the company or individual might be given free press articles and reviews for their services or goods. This can often involve publishing information on important company or personal events, as well as the launch of new products.

And it is likely to drive the success of the business even more. At the end of the day, your individual or company's success will always be reinforced by an excellent online reputation, and there is no doubt that having extra resources to ensure that your reputation within you industry is first-class, is the way to go.

Brands with a favorable online reputation can also expect to see higher profits. If people like and trust your brand, they are more likely to purchase from you over less favorable options. A good reputation will also instill a perceived value in people, which can allow you to charge more for your products.

So you are not only able to sell more volume, but you can also probably do so at a higher price point. People want to work for companies that share the same values as them. Those values are generally part of a larger company culture that is reflected well in its reputation. Companies with positive reputations will attract qualified candidates that are more likely to stick around longer and offer more long-term contributions. On the other hand, companies with negative reputations may struggle to fill open positions.

A business reputation comprises the sum total of what consumers communicate that they feel about the company. They may feel a certain way, but if they don't communicate it then it doesn't affect reputation.

Much like with personal reputations, a positive corporate reputation can result in many benefits for your company. To name a few:. Reputations can change quickly, so that is why it is so important to dedicate time, budget, and thought to building and maintaining your business' reputation. There are so many factors at play, in the form of online reviews, word of mouth, articles, blog posts and social media. These can all have a significant impact on the way your company is perceived - for better or worse.

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What is an adult? Social Networking. Is it All Just Relative? Free Will. John Locke. A dialogue on Biracial Identity. Different Cultures, Different Selves. Derrida and Deconstruction. The Moral Costs of Markets. Elizabeth Arden coined the phrase , "Repetition makes reputation, and reputation makes customers," and I believe she was completely right. When consumers make a conscious or unconscious choice between brands, for example, they are affected by a whole nexus of influences which can be broadly summarized as "reputation.

A perfume buyer might opt for a brand with an image redolent of luxury and elegance. A person looking to purchase electronic devices may make a decision based on an image of stylish design and efficient functionality. Bluntly, reputation is a major contributor to sales and, therefore, profit. The importance of reputation is growing, too. Moreover, customers are increasingly seeking social awareness in the brands they purchase or the companies from which they obtain services.

Millennials are strongly characterized in this way. For example, many especially younger consumers are highly conscious of sustainability and ecological concerns. BP is now promoting a low-carbon future to offset the optics of its trade in fossil fuels, and more recently the scale of the problem of nonrecycled plastics has dominated the news agenda. To attract the lucrative younger demographic and groom them as lasting customers, brands must present a green face to the world.

This represents a wider issue of simply "bad publicity" or "good publicity. What is a company for? What are its values? The plain answer of profit is no longer enough; indeed, it starts to look rather outdated.



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