Top 10 Practices For Brand Reputation Management

Your brand’s reputation is your most effective tool in standing out from your competitors in an ever-changing market. Building a positive image boosts customer loyalty, establishes a leading position for your organization on your market, and builds confidence. How can you improve your reputation? By building strategic management tactics. Here are the best ten practices to follow to position your organization as a customer-centric one.

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q3 2020 hedge fund letters, conferences and more

1. Establish connections with people that have a positive reflection on your brand

You are the business you run. This phrase should make your skin crawl because your public’s opinions directly affect your brand’s reputation and credibility. When you collaborate with a supplier, pick an influencer to promote your products, share a social media post, post a blog, or say something during an interview, you need to endorse it 100% and make sure it has a positive reflection on your image.

Seth Klarman: Investors Always Need A Strategy To Guide Them

Volatility"Many investors lack a strategy that equips them to deal with a rise in volatility and declining markets," Seth Klarman told his audience in a speech at MIT in 2012. Q3 2020 hedge fund letters, conferences and more Klarman was talking about the benefits of having a strategy, such as value investing, to provide a Read More


Collaborate with people whose standards and values mimic yours, and when you hire staff, train them under a strict set of rules.

2. Create guidelines to respond to feedback and manage conflicts

Social media wars are common in the business world, but the way you respond to accusations defines your brand image. A rash response to a negative opinion tells your customers what they should expect from your organization. The following practices will prevent you from tainting your brand’s reputation.

  • Calm down when angry before publishing something online
  • Be prompt in response
  • Remedy the issue when possible, and address it publicly.

3. Keep an eye on your brand

The digital world has opened new doors to fantastic opportunities for businesses. What before was a closed conversation between two people now can be broadcasted for the world. Buyers use their social media profiles and pages to complain about brands, products, and services. Some negative opinions are based on inaccurate information that can harm your brand online. But if you monitor your brand online and practice social listening, you can address incorrect statements.

4. Focus on providing an exquisite customer experience

Customer experience is about your ability to focus your attention on details. Your focus on details reflects your reputation, including all interaction points between your clients and your brand.

E-mails, invoicing, website navigation, and social media replies should all be crafted and executed in a manner to provide the clients with an excellent customer experience. Good customer experience shows your clients that the company doesn’t abandon them after completing an order.

5. Use feedback to improve services

Clients are more than willing to offer feedback, so create your website as an environment where your public feels comfortable and welcomed to share their thoughts. By providing them an outlet, you lower the chance of people posting negative opinions in settings you cannot control.

Pay attention to what they say because their opinions can help you identify your products’ weaknesses. Feedback can help you improve your customer satisfaction and attract more clients.

6. Stay true to your words

When you keep the promises you make, you build a strong reputation. On the other hand, unmanaged customer expectations can be detrimental to your business. Sometimes your clients forget the promises you keep, but they never forget if you disappoint them.

If you fail to keep your promises, your clients become frustrated, angry, disappointed, and lose confidence in your brand. Therefore, don’t ever make a promise you know it’s challenging to keep because the level of trust the public has in your organization reflects in its overall image.

7. Base your marketing efforts on transparency

Transparency is vital in the business game, especially now that the Internet allows people to access the information they need easily. When you use social media to talk about your brand and products, you must tell your public the whole truth. Buyers are incredibly savvy nowadays, and they have sophisticated filters to identify the brands that lie about their values or services. And if you are part of a specialized forum, you better provide truthful information because the specialists in those communities are ready to tear you apart if you don’t guarantee transparency.

8. Talk to your public directly

The best strategy to engage your public is to connect with clients directly. There’s no better source of information than the people you want to buy your products. Conduct surveys, ask for feedback and get in touch with clients to ask them questions about your services’ quality.

Another useful practice is to leverage retail auditing that provides you with valuable information about your brand.

9. Show, don’t tell

This is the most effective strategy to convince people to choose your brand instead of its competitors. Your brand reputation strategy should rely on the rule show don’t tell because it attracts valuable clients. If you want people to think you offer the best aftershave for men use high-quality ingredients, invest in developing technologies that improve your product’s properties and be transparent with your clients about what expectations they should have from your brand.

The retail industry is oversaturated and mega-competitive, so your customers have heard and seen it all. They can easily identify an advertising trick, so stay true to your values and offer them real value for their money. Develop your brand reputation on the substance you provide and not on the promises you make.

Create advertising, marketing, and merchandising materials that inform the clients on the benefits the product brings and try to answer the question all buyers have, “Why should I care about your product?”

10. Create high-quality marketing content

Content marketing is vital for brand reputation management strategies. You must produce educational content that tells your public how to use your products to solve a common issue they experience. Rather than creating sales-oriented content, focus on delivering blogs, eBooks, and infographics that educate the clients.

Once people start to notice the high quality of marketing content you provide, they share it with their family and friends and grow your brand reputation.

Conclusion

When running a business in a competitive sector, maintaining a positive brand reputation is critical for the overall company’s success.