How Managing Your Brand Reputation Leads to Revenue
In today’s fast moving digital landscape, managing your business’ online reputation can have a powerful effect on your business’ bottom line.
Did you know:
- Over 80% of potential guests read local business reviews before deciding where to eat. Nearly 70% trust online reviews as much as they trust personal recommendations.
- A positive review makes 68% of consumers more likely to visit a business. Meanwhile, 87% of people won’t consider a restaurant with low ratings.
- A 1-star increase in online reputation yields up to a 9% increase in revenue.
This makes regular monitoring of your online reputation mandatory. Using these five tricks will ensure your brand's reputation isn’t driving your customers away to competitors.
1. Run an online search for your business
It’s been said that your brand's isn’t what you say it is, it’s what Google says it is. Online search results are today’s digital storefront, and you need to make sure you’re creating a good first impression. Run a Google search on your name and your restaurant’s name. What types of comments, news, and images pop up? If you don’t want customers to see, don’t post them on your social media pages.
2. Help your customers find you
Make sure your name, phone number, menus, URLs, and operating hours are consistent across all of your online touchpoints (website, social media, local listing sites, etc.). This ensures that when someone searches for your business online, they can find you—as well as accurate information about what you offer.
3. Respond to your customers' reviews
A 1-star difference on Yelp between you and a competitor represents about $90,000 in lost sales each year for restaurants earning $1 million annually. So it’s important to nurture good reviews.
Over 50% of customers leaving reviews expect a business response within a week. Thus, whenever someone sings your praises, go out of your way to thank them. Positive reviews are a more important purchase consideration for consumers than discounting or business location.
If a customer leaves a negative review, don’t ignore it. When you respond respectfully to a negative review, people are more likely to visit your business. Meanwhile, online complaints that go unanswered make consumers distrust your business. Instead take a non-defensive attitude and apologize publicly to the customer. Offer to find a solution, and invite the individual to contact you to resolve the problem together. When a business tries to make things right, 89% of consumers are willing to change a review.
4. Make your website current and mobile friendly
More than half of consumers view websites with their smartphones. Is your website mobile-optimized? No one wants to squint to read a menu or scroll 10 times to find your phone number. Also, when was the last time you updated your site? Does it showcase your current specials and menus? When consumers see old, stale content, they are less inclined to visit.
5. Auto post and monitor your content
If you aren’t already using a social media management platform, you may want to start. It’s a time saver by consolidating all of your social media site content in one place for you to review. It can show you which posts are popular, shared, liked, and commented on. It also empowers you to post to multiple social channels at once.
Everyday consumers are window shopping your digital storefront. How you manage your social reputation either invites them in the door or sends them someplace else. Use these simple steps to build a positive online presence.
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