This document discusses the importance of online reviews for businesses. It notes that customers now define businesses through real-time feedback on review sites and social media rather than just advertising. Managing online reputation is crucial and maintaining a positive presence requires getting, monitoring, responding to, and amplifying reviews. The document provides statistics showing that the vast majority of consumers read reviews online and make purchasing decisions based on them. It emphasizes that businesses must respond to both positive and negative reviews to build trust and credibility.
This document discusses the importance of online reviews for businesses. It notes that customers now define businesses through online reviews rather than just advertising or word of mouth. Managing online reputation is crucial and one vital aspect is monitoring, responding to, and amplifying online reviews. The document provides statistics showing that the vast majority of customers read reviews to determine quality and make decisions. It emphasizes that reviews impact search engine optimization and recommends ways for businesses to effectively respond to negative reviews in a sincere and solution-oriented manner.
The growth of eCommerce: does it impact brand strategy?Nurun
The growth of eCommerce is changing brand strategies in several ways. Consumer expectations are evolving as people now research products online and read reviews from other consumers before purchasing. Brands must be present across online and offline channels to understand the entire customer journey. An eCommerce strategy should go beyond just online sales and consider how the brand engages with customers at all touchpoints. To achieve growth objectives, brands need to continuously innovate, enhance their online content and experiences, and invest in new technologies.
Today at the Direct Marketing Association’s annual conference, DMA2014, the Global Event for Data-Driven Marketers, OgilvyOne Chairman and CEO, Brian Fetherstonhaugh, presented “eCommerce: The Crucible of Customer Engagement.”
Joined by John McDonald, former VP, Marketing, Americas, British Airways and Ryan Craver, SVP, Strategy for Hudson’s Bay Company, Brian explored a more enlightened approach to eCommerce, one that is omnichannel, relationship-focused and experiential.
Social CRM: what it is and how you can use it to grow customer valueOgilvy Consulting
Social is increasingly powerful in your customer’s lives, but rarely well integrated with or used as a CRM programme. This presentation covers the key four pillars of Social CRM, examples of it being successfully used in practice and what you can do to drive purchasing, loyalty and advocacy using Social CRM.
Raymark | Guide: Loyalty and the Luxury ConsumerRaymark
The needs, desires and priorities of affluent customers are shifting. No longer limited to “ladies who lunch”, today’s consumers of luxury goods are a diverse mix including
demanding millennials, busy businesspeople and conservative, mature shoppers. These individuals are highly marketed-to and they have plenty of choices. Their time is of utmost value to them. Today’s consumers, especially the younger generation, value experiences over material goods: 72% of millennials would rather spend their money on experiences than on products. (JWT Worldwide)
For more information, visit www.raymark.com.
The document discusses how brands can take control of their online customer relationships by selling directly to consumers on their own websites and ecommerce platforms. It finds that most consumers expect to be able to purchase products directly from the brands they like online. However, many brands are missing this opportunity and letting third parties like Amazon control the customer relationship. The document advocates that brands can overcome challenges of going direct online by outsourcing their ecommerce operations to expert providers, allowing them to engage customers while avoiding complexities of managing international online sales themselves. A case study of HarperCollins publishing partnering with Digital River to sell ebooks directly without relying on third parties is provided as an example.
Secrets to Effective Reputation Management (Property Management Industry)AppFolio
With co-hosts Homes.com and For Rent Media Solutions, we hosted a fantastic webinar called "Secrets to Effective Reputation Management," with presenter Erica Campbell Bryum, Director of Social Media. Attendees walked away with the tools that allow you to react in a confident and timely manner to manage and protect your online reputation.
My keynote presentation from TEDxUniversityofMacedonia. Through my talk, I tried to bridge the gap between brands and consumers. My goal is to describe how hard it is for a marketer to do the right campaign to advertise a product in consumers that come from very different generations. [2018]
This document discusses the importance of online reviews for businesses. It notes that customers now define businesses through online reviews rather than just advertising or word of mouth. Managing online reputation is crucial and one vital aspect is monitoring, responding to, and amplifying online reviews. The document provides statistics showing that the vast majority of customers read reviews to determine quality and make decisions. It emphasizes that reviews impact search engine optimization and recommends ways for businesses to effectively respond to negative reviews in a sincere and solution-oriented manner.
The growth of eCommerce: does it impact brand strategy?Nurun
The growth of eCommerce is changing brand strategies in several ways. Consumer expectations are evolving as people now research products online and read reviews from other consumers before purchasing. Brands must be present across online and offline channels to understand the entire customer journey. An eCommerce strategy should go beyond just online sales and consider how the brand engages with customers at all touchpoints. To achieve growth objectives, brands need to continuously innovate, enhance their online content and experiences, and invest in new technologies.
Today at the Direct Marketing Association’s annual conference, DMA2014, the Global Event for Data-Driven Marketers, OgilvyOne Chairman and CEO, Brian Fetherstonhaugh, presented “eCommerce: The Crucible of Customer Engagement.”
Joined by John McDonald, former VP, Marketing, Americas, British Airways and Ryan Craver, SVP, Strategy for Hudson’s Bay Company, Brian explored a more enlightened approach to eCommerce, one that is omnichannel, relationship-focused and experiential.
Social CRM: what it is and how you can use it to grow customer valueOgilvy Consulting
Social is increasingly powerful in your customer’s lives, but rarely well integrated with or used as a CRM programme. This presentation covers the key four pillars of Social CRM, examples of it being successfully used in practice and what you can do to drive purchasing, loyalty and advocacy using Social CRM.
Raymark | Guide: Loyalty and the Luxury ConsumerRaymark
The needs, desires and priorities of affluent customers are shifting. No longer limited to “ladies who lunch”, today’s consumers of luxury goods are a diverse mix including
demanding millennials, busy businesspeople and conservative, mature shoppers. These individuals are highly marketed-to and they have plenty of choices. Their time is of utmost value to them. Today’s consumers, especially the younger generation, value experiences over material goods: 72% of millennials would rather spend their money on experiences than on products. (JWT Worldwide)
For more information, visit www.raymark.com.
The document discusses how brands can take control of their online customer relationships by selling directly to consumers on their own websites and ecommerce platforms. It finds that most consumers expect to be able to purchase products directly from the brands they like online. However, many brands are missing this opportunity and letting third parties like Amazon control the customer relationship. The document advocates that brands can overcome challenges of going direct online by outsourcing their ecommerce operations to expert providers, allowing them to engage customers while avoiding complexities of managing international online sales themselves. A case study of HarperCollins publishing partnering with Digital River to sell ebooks directly without relying on third parties is provided as an example.
Secrets to Effective Reputation Management (Property Management Industry)AppFolio
With co-hosts Homes.com and For Rent Media Solutions, we hosted a fantastic webinar called "Secrets to Effective Reputation Management," with presenter Erica Campbell Bryum, Director of Social Media. Attendees walked away with the tools that allow you to react in a confident and timely manner to manage and protect your online reputation.
My keynote presentation from TEDxUniversityofMacedonia. Through my talk, I tried to bridge the gap between brands and consumers. My goal is to describe how hard it is for a marketer to do the right campaign to advertise a product in consumers that come from very different generations. [2018]
The document provides an overview of the state of ecommerce and discusses key trends. It notes that integration across social media, logistics, and mobile is important. While search and paid ads remain important, social influence during product research is now also key. The document recommends optimizing images and content, incentivizing customer reviews, and enabling social sharing of products. It also stresses the importance of mobile websites that simplify the user experience across devices. Harnessing social recommendations and interactions can help drive online sales and brand awareness.
John Batistich, Westfield Group, Everything is Broken iStrategy
The document discusses how many aspects of business and society are undergoing rapid changes due to new technologies, connectivity, and shifting consumer behaviors. It identifies 26 areas that are "broken" or disrupted by these changes, such as linear sales and marketing processes, traditional media models, discount-focused consumers, lack of testing, and more. The key implications are to understand changing consumer journeys, optimize for mobile, focus on community engagement over acquisition, insist on media transparency, simplify programs, and carve out time for reflection amid the disruption.
A survey of over 1,200 consumers found that:
1) Consumers use multiple channels to communicate with their banks, including mobile apps, phone calls, websites, and in-branch visits.
2) Phone calls play a key role in consumers' decision making process for loans, especially for larger loans.
3) Consumers want a consistent, personalized experience across channels, and negative phone experiences can damage their decision to choose a bank.
Online Reputation has gained immense importance in today's virtual world. It is paramount to save your reputation on the Web.
This presentations tells you about how various celebrities and brand saved their online reputation and built on it.
The document discusses 4 proven marketing systems (Reputation, Reach, Resell, Referral) that are critical for business growth. It states that 95% of small businesses are missing at least 2 of these systems. Each system is then described in detail, emphasizing how today's competitive landscape has changed with search, social media, and mobile, and how businesses must leverage these drivers to optimize each marketing system in order to achieve maximum growth.
The document discusses strategies for developing a successful digital marketing strategy for automotive dealerships. It notes that consumers are increasingly researching vehicles online, so dealerships need to shift their advertising spending to digital channels. Topics covered include allocating more of the budget to internet marketing, leveraging search engine marketing, and using third-party leads and customer relationship marketing to drive more sales.
- Brand Keys is a market research firm that specializes in measuring brand equity, loyalty, and customer engagement through predictive psychological metrics.
- They evaluate brands based on how well they meet customer's ideal expectations in a category. Brands that meet or exceed these expectations have strong equity and loyalty, while those that fall short have problems.
- The document discusses how Brand Keys' metrics successfully predicted declines in Starbucks' brand equity and loyalty due to brand dilution, and how Starbucks is now taking steps like emphasizing customer service to regain their strong position in the coffee category.
4 Questions About Amazon.com that Every Marketer Must AskOgilvy
4 Questions About Amazon.com that Every Marketer Should Ask
By Sean Muzzy, CEO, NA, Neo@Ogilvy via Ogilvydo
Click here for more about Continuous Commerce™: http://bit.ly/1gKiRXv
Creating loyal omnichannel customers is critical. Retailers who embrace the customer-centric trend and build better shopping experiences will leap ahead of the competition.
Building a blended customer experience isn't easy. Need some help getting started? Check out our latest in retail trend research.
This document discusses factors that influence consumer behavior and how understanding consumer behavior can help with marketing. It provides 3 key points:
1) Various personal, social, and economic factors can influence how consumers make purchasing decisions. Marketers need to understand what motivates consumers' choices.
2) There are different types of consumer purchasing behaviors that marketers should be aware of, such as complex purchases, dissonance-reducing behaviors, habitual behaviors, and variety-seeking behaviors.
3) Understanding patterns in consumers' purchasing locations, times, frequencies, and methods can provide useful insights for marketers. Effective consumer segmentation is important for customizing marketing strategies.
In this guide, we’ll take a look at what live engagement is and how brands can use it to maximum effect. We’ll look at some brands already using it successfully, and why it’s so important and useful.
REFERIT’s revolutionary platform leverages the influence of the trusted referrals of friends and family to harnesses the power of mobile app marketing for ultimately increasing the volume and quality of leads to businesses. The mobile app, website, and mobile marketing ecosystem offers a unique app-based method for businesses to reward customers for sharing and promoting their services. REFERIT® embraces the strength of personalized, peer-based recommendations to facilitate trusted referrals among consumers and help eliminate wasted sales and marketing dollars.
REFERIT's advanced mobile technology makes print and e-mail promotions redundant and cost prohibitive. Billions are invested in print, e-mail and social media promoting discounts, offers and rewards. These messages are diluted and obsolete. E-mails are quickly forgotten and printed materials thrown out. We've developed our Referral Ecosystem to be simple, unique, and compelling. Everyone uses the phone to run their life and by putting everything on their phone we allow referrals to be shared seamlessly.
6 Secrets to Omnichannel and Digital SuccessApplause
With a myriad of digital touchpoints in which customers and brands can interact – in-store, web, mobile and more – organizations must provide a cohesive and holistic experience at every turn of the customer journey. Omnichannel can be tricky to master, but once you do, you'll reap the rewards of customer loyalty, increased sales and an improved customer experience.
Uncover key findings from Applause's Retail Quality Report. We analyzed the digital and omnichannel experiences of over 50 top global retailers, where we discovered more than 3,000 bugs on production ecommerce sites and the cost severe bugs can have on your bottom line.
The document discusses consumer purchasing paths and how insights can be distilled from large amounts of digital data. It provides an example analyzing athletic footwear purchases, finding that about 1 in 3 online shoppers prefer purchasing online over stores. Both online and in-store shoppers visit brand and retailer websites for information, but their timing and purpose varies depending on where they ultimately purchase. The document recommends how brands can incentivize purchasing on their own sites at different points in the consumer journey.
We are specialized in Online reputation management and Remove/Suppress fake reviews and fake information from Google, Yahoo, Bing etc
https://www.singadbs.com
The document discusses online reputation management (ORM) and its importance for businesses. It notes that ORM involves improving or restoring a business's reputation online by countering negative information with positive content. It highlights that potential customers are influenced by online reviews and that negative reviews can significantly impact brand and sales. The document provides an overview of ORM services including reputation research, building positive reviews, social media profile creation, and content generation to improve a business's online standing.
Guarantee Digital Seminar for Delafield Chamber June 2014Guarantee Digital
This document summarizes a seminar about growing a business through digital marketing strategies. It discusses how consumer habits have changed with the rise of mobile devices and social media. It also outlines opportunities for local merchants, including search engine optimization to improve online visibility, claiming business listings on directories and review sites, using video and social media to engage customers, and implementing email and text marketing to stay connected to current customers and acquire new ones. The seminar promotes the services of Guarantee Digital to help businesses implement these digital strategies.
Today, everything posted about your business online has the potential to make a big impact on the consumer’s decision whether or not to do business with you. That’s because the Web is a vital resource consumers turn to when researching a purchase. So, what do people see when they research your business online? The answer might surprise you. Even some of the best businesses find that consumers aren’t afraid to express frustrations online. In fact, a recent study showed that almost half of Internet users feel they can be “brutally honest” online, and over a quarter of social media users are likely to “share dissatisfaction with a company, brand or product via social media” (Source: Harris Interactive).
The document provides an overview of the state of ecommerce and discusses key trends. It notes that integration across social media, logistics, and mobile is important. While search and paid ads remain important, social influence during product research is now also key. The document recommends optimizing images and content, incentivizing customer reviews, and enabling social sharing of products. It also stresses the importance of mobile websites that simplify the user experience across devices. Harnessing social recommendations and interactions can help drive online sales and brand awareness.
John Batistich, Westfield Group, Everything is Broken iStrategy
The document discusses how many aspects of business and society are undergoing rapid changes due to new technologies, connectivity, and shifting consumer behaviors. It identifies 26 areas that are "broken" or disrupted by these changes, such as linear sales and marketing processes, traditional media models, discount-focused consumers, lack of testing, and more. The key implications are to understand changing consumer journeys, optimize for mobile, focus on community engagement over acquisition, insist on media transparency, simplify programs, and carve out time for reflection amid the disruption.
A survey of over 1,200 consumers found that:
1) Consumers use multiple channels to communicate with their banks, including mobile apps, phone calls, websites, and in-branch visits.
2) Phone calls play a key role in consumers' decision making process for loans, especially for larger loans.
3) Consumers want a consistent, personalized experience across channels, and negative phone experiences can damage their decision to choose a bank.
Online Reputation has gained immense importance in today's virtual world. It is paramount to save your reputation on the Web.
This presentations tells you about how various celebrities and brand saved their online reputation and built on it.
The document discusses 4 proven marketing systems (Reputation, Reach, Resell, Referral) that are critical for business growth. It states that 95% of small businesses are missing at least 2 of these systems. Each system is then described in detail, emphasizing how today's competitive landscape has changed with search, social media, and mobile, and how businesses must leverage these drivers to optimize each marketing system in order to achieve maximum growth.
The document discusses strategies for developing a successful digital marketing strategy for automotive dealerships. It notes that consumers are increasingly researching vehicles online, so dealerships need to shift their advertising spending to digital channels. Topics covered include allocating more of the budget to internet marketing, leveraging search engine marketing, and using third-party leads and customer relationship marketing to drive more sales.
- Brand Keys is a market research firm that specializes in measuring brand equity, loyalty, and customer engagement through predictive psychological metrics.
- They evaluate brands based on how well they meet customer's ideal expectations in a category. Brands that meet or exceed these expectations have strong equity and loyalty, while those that fall short have problems.
- The document discusses how Brand Keys' metrics successfully predicted declines in Starbucks' brand equity and loyalty due to brand dilution, and how Starbucks is now taking steps like emphasizing customer service to regain their strong position in the coffee category.
4 Questions About Amazon.com that Every Marketer Must AskOgilvy
4 Questions About Amazon.com that Every Marketer Should Ask
By Sean Muzzy, CEO, NA, Neo@Ogilvy via Ogilvydo
Click here for more about Continuous Commerce™: http://bit.ly/1gKiRXv
Creating loyal omnichannel customers is critical. Retailers who embrace the customer-centric trend and build better shopping experiences will leap ahead of the competition.
Building a blended customer experience isn't easy. Need some help getting started? Check out our latest in retail trend research.
This document discusses factors that influence consumer behavior and how understanding consumer behavior can help with marketing. It provides 3 key points:
1) Various personal, social, and economic factors can influence how consumers make purchasing decisions. Marketers need to understand what motivates consumers' choices.
2) There are different types of consumer purchasing behaviors that marketers should be aware of, such as complex purchases, dissonance-reducing behaviors, habitual behaviors, and variety-seeking behaviors.
3) Understanding patterns in consumers' purchasing locations, times, frequencies, and methods can provide useful insights for marketers. Effective consumer segmentation is important for customizing marketing strategies.
In this guide, we’ll take a look at what live engagement is and how brands can use it to maximum effect. We’ll look at some brands already using it successfully, and why it’s so important and useful.
REFERIT’s revolutionary platform leverages the influence of the trusted referrals of friends and family to harnesses the power of mobile app marketing for ultimately increasing the volume and quality of leads to businesses. The mobile app, website, and mobile marketing ecosystem offers a unique app-based method for businesses to reward customers for sharing and promoting their services. REFERIT® embraces the strength of personalized, peer-based recommendations to facilitate trusted referrals among consumers and help eliminate wasted sales and marketing dollars.
REFERIT's advanced mobile technology makes print and e-mail promotions redundant and cost prohibitive. Billions are invested in print, e-mail and social media promoting discounts, offers and rewards. These messages are diluted and obsolete. E-mails are quickly forgotten and printed materials thrown out. We've developed our Referral Ecosystem to be simple, unique, and compelling. Everyone uses the phone to run their life and by putting everything on their phone we allow referrals to be shared seamlessly.
6 Secrets to Omnichannel and Digital SuccessApplause
With a myriad of digital touchpoints in which customers and brands can interact – in-store, web, mobile and more – organizations must provide a cohesive and holistic experience at every turn of the customer journey. Omnichannel can be tricky to master, but once you do, you'll reap the rewards of customer loyalty, increased sales and an improved customer experience.
Uncover key findings from Applause's Retail Quality Report. We analyzed the digital and omnichannel experiences of over 50 top global retailers, where we discovered more than 3,000 bugs on production ecommerce sites and the cost severe bugs can have on your bottom line.
The document discusses consumer purchasing paths and how insights can be distilled from large amounts of digital data. It provides an example analyzing athletic footwear purchases, finding that about 1 in 3 online shoppers prefer purchasing online over stores. Both online and in-store shoppers visit brand and retailer websites for information, but their timing and purpose varies depending on where they ultimately purchase. The document recommends how brands can incentivize purchasing on their own sites at different points in the consumer journey.
We are specialized in Online reputation management and Remove/Suppress fake reviews and fake information from Google, Yahoo, Bing etc
https://www.singadbs.com
The document discusses online reputation management (ORM) and its importance for businesses. It notes that ORM involves improving or restoring a business's reputation online by countering negative information with positive content. It highlights that potential customers are influenced by online reviews and that negative reviews can significantly impact brand and sales. The document provides an overview of ORM services including reputation research, building positive reviews, social media profile creation, and content generation to improve a business's online standing.
Guarantee Digital Seminar for Delafield Chamber June 2014Guarantee Digital
This document summarizes a seminar about growing a business through digital marketing strategies. It discusses how consumer habits have changed with the rise of mobile devices and social media. It also outlines opportunities for local merchants, including search engine optimization to improve online visibility, claiming business listings on directories and review sites, using video and social media to engage customers, and implementing email and text marketing to stay connected to current customers and acquire new ones. The seminar promotes the services of Guarantee Digital to help businesses implement these digital strategies.
Today, everything posted about your business online has the potential to make a big impact on the consumer’s decision whether or not to do business with you. That’s because the Web is a vital resource consumers turn to when researching a purchase. So, what do people see when they research your business online? The answer might surprise you. Even some of the best businesses find that consumers aren’t afraid to express frustrations online. In fact, a recent study showed that almost half of Internet users feel they can be “brutally honest” online, and over a quarter of social media users are likely to “share dissatisfaction with a company, brand or product via social media” (Source: Harris Interactive).
Gauss Digital Marketing Seminar- Beach Haven NJStanley Gauss
The document provides information about digital marketing strategies for local businesses. It discusses analyzing consumer search habits and trends, optimizing business listings across search engines and directories, using video and social media to engage customers, and leveraging mobile and email to reach more potential clients. The document also outlines specific tactics like creating a YouTube channel, updating listings, monitoring reviews, developing a mobile-friendly website, and using targeted advertising to find new customers.
Dispatchdigitalseminaraug2014 140828034617-phpapp01Laurie Allen, MBA
This document summarizes a seminar on digital strategies for growing a local business in 2014. It discusses opportunities in changing consumer habits and the rise of mobile, video, and social media. Key topics covered include optimizing online listings and directories, using video and social media to engage customers, building positive reviews, email marketing, and using integrated print and digital advertising. The overall message is that both traditional marketing efforts and an online presence across multiple platforms are important for acquiring and retaining customers.
How to Turn User Generated Content into Revenue with Ratings and ReviewsFlutterbyBarb
How to Turn User Generated Content into Revenue with Ratings and Reviews via Gigya
This white paper examines three ways brands can start effectively harnessing ratings and reviews to stimulate both new and repeat conversions: 1. Boosting brand awareness and referral traffic 2. Improving long-tail SEO 3. Building a transparent, brand-loyal community
Repusurance is providing its services in online reputation management for past seven years. We deal in different branches of online reputation management. Online review management is the part of our services where we help clients to boost their business with their positive reviews. Repusurance believes that online reviews has the ability to double your growth and helps in marketing.
Word-of-mouth marketing (WOMM) is when customers share their experiences and opinions about a company's products and services with others. It is a free and effective form of advertising. Netflix is an example of a company that utilizes WOMM through personal recommendations on social media. To encourage positive WOMM, companies should focus on exceeding customer expectations and providing opportunities for customer engagement. Monitoring both customer lifetime value and customer referral value can help companies optimize their WOMM strategy.
Stronger together: The new reality of consumers, brands & retailers united |...Bazaarvoice
See how a top retailer opened up communication with brands and customers - and created a shopping experience to compete with online giants like Amazon.
Managing the Virtual Dealership. Customer Experience is Everything.3 Birds Marketing LLC
This document discusses how digital technologies are disrupting traditional businesses and the automotive industry. It emphasizes that maintaining a positive online presence through search engine optimization, website optimization, social media, and reputation management is now critical for car dealerships. The document provides examples of companies that failed to adapt to digital changes and highlights the importance of embracing changing consumer behaviors such as independent online research. It stresses that dealerships should focus on building trust and value through an integrated online approach in order to attract customers and improve sales.
This document summarizes a presentation about activating customer engagement and advocacy through online communities. It discusses how customer expectations have changed in the digital age and that customers now have power in the buying process. It emphasizes understanding customer conversations throughout their journey and creating engaging online communities where customers can help each other. When companies provide value to customers and facilitate customer-to-customer conversations in these communities, it can create strong advocacy and loyalty through what is called the "Community Effect."
The document provides 10 tips for enhancing mobile commerce (m-commerce) performance through social content. It discusses how social commerce builds trust which is important for m-commerce. Some key points are to show social content like reviews and recommendations on mobile sites, collect social content from mobile devices, make the content mobile-friendly, promote mobile services, and track mobile usage separately while considering its overall contribution. The combination of mobile and social commerce can help brands convert more browsers into loyal customers.
How to build a powerful online presence and grow your business for companies in the radon mitigation and home inspection industry. Visit http://scmmarkets.com/marketing-radon-business/ to learn more.
The document outlines how B2B companies can build brand trust using social media. It discusses that 75% of B2B buyers use social media to research vendors and the importance of a mobile-friendly website for B2B companies. Specific strategies covered include building a presence on major networks like LinkedIn, Twitter, Facebook and Instagram, encouraging employee advocacy and partnerships to promote content, and focusing on mobile usability and a streamlined purchase process. Live examples of successful B2B brands on social media are also provided.
Coverings2011: Practical Marketing - Digital Visibility for Small BusinessesSimple Marketing Now LLC
Marketing and promoting your business matter now more than ever in a world where customers educate themselves online first. You must be digitally visible. The challenge for many small businesses is finding the resources [including people] to market effectively while also running day-to-day operations. How then to prioritize what you do so you don’t neglect activities that connect with customers online and offline, while also delivering business results? The solution has to do with thinking about how you deliver value to customers, while creating content that addresses customers’ needs.
Answer SheetFin 331Homework 2You may wish to summarize your input .docxrossskuddershamus
Answer SheetFin 331Homework 2You may wish to summarize your input date to use for your solution if you intend to use Excel to make your computations.Optional Answer SheetName:Type Your Name HereLoanABCDLTVDescription80% LTV
Lower Rate80% LTV90% LTV Fixed 3080% LTV
5-Year ARMRateHigher RateLoanABCDDown PaymentLoan AmountMonthly Principal & InterestMonthly Mortgage Insurance PaymentProperty Taxes/monthInsurance/MonthTotal House PaymentLoan Payment used to qualify to ARMHouse Payment used to qualify for ARMHousing RatioTotal Debt to Income RatioAPR for the LoanNot RequiredDo they qualify for this loan?Down PaymentClosing CostsPrepaid Finance ChargesTotal Cash to CloseAnalysis of Your CalculationsType Your Name HereCalculate the difference in the cash required to close and the total monthly payment for the 30 year loan with the higher rate and the 90% loan with mortgage insurance.Additional Cash to Close
[Loan B Less Loan C]Additional Monthly Pmt
[Loan B Less Loan C]Should these buyers take the 90% loan and use the reduced cash to close to pay off their student loans? Explain you recommendation.Consider the ARM loan.What is the balance after 5 years?What is the maximum possible principal and interest payment on that loan in year 6, when the rate adjusts?Which Loan option would you recommend? Loan Why do you suggest this option?
Check YES
Check NO
R E P R I N T N U M B E R 5 4 4 0 9
S U M M E R 2 0 1 3 V O L . 5 4 N O . 4
How to Drive Customer
Satisfaction
By Rolph E. Anderson, Srinivasan Swaminathan and Rajiv Mehta
INTELLIGENCE
SUMMER 2013 MIT SLOAN MANAGEMENT REVIEW 13COURTESY OF WE FASHION
Savvy company executives
know that some of their greatest
and potentially most enduring
assets are their long-run cus-
tomer relationships. Trying to
sustain a competitive advantage
with new products is a frustrat-
ing game, where short-term
leads often erode quickly. But by
satisfying customers, compa-
nies can nurture long-term
relationships and customer
loyalty. What’s more, a small in-
crease in customer loyalty can
make a big difference in com-
pany profits. McDonald’s, for
example, calculated back in the
1990s that just one additional
visit per week by “heavy users”
would boost annual sales by
more than $10 billion dollars.
Blending Bricks
and Clicks
In retailing, customer loyalty
cannot be achieved for long by
keeping customer interactions
online distinct and separate from
those offline. Many consumers
have largely merged their shop-
ping to the extent that they go
back and forth between online
and offline retailers. They may
start out by looking at desired
products in a store, go online to
check out the products further,
then decide to buy them from an
online seller such as Amazon. Or
they may start searching online,
then go look at the items offline
at a Wal-Mart or Target store,
and perhaps buy them there
because they’re immediately
available. Si.
This document discusses how merchants can use digital marketing strategies like search, social media, video, and mobile to grow their business. It covers changing consumer habits with these digital channels and opportunities for local merchants. Specific strategies discussed include getting found online through search engine optimization, leveraging social media best practices to drive repeat business, using video marketing, and ensuring mobile optimization. The importance of reviews, ratings and reputation are also covered.
Hvac digital marketing in 2021 | Techcloud LtdTech Cloud Ltd
For more details: https://techcloudltd.com/hvac-digital-marketing-in-2020/
HVAC digital marketing considers, a significant number of elements when you decide whether this previous year was fortunate or unfortunate. one. Your money related numbers don’t lie, yet we need to look somewhat more profound. It’s everything about playing the long game, except if you are selling your organization soon.
An Enlightened B2B Vision – The Five Pillars Of Omnichannel NirvanaEliot Sykes
In this thought-piece Eliot, explores the origins of omnichannel and how B2B marketers can learn from B2C brands that already employ a successful omnichannel approach. Compelling facts and figures, along with key insights into today's B2B buyer behaviours and demands combine to demonstrate just how important omnichannel really is – culminating with the five pillars that you can apply to deliver your own successful B2B omnichannel vision.
Close Prospects, Open Relationships _ George Leith, Conquer Local Connect Ma...Rock & Bloom
\Salespeople are not born, they are made. The best reps have a formula that is repeatable and scalable; they have a framework for repeatable success. That’s how they win new business, time and again. The tip of that spear is perfecting the pitch. The base of the handle, though, is to build a long-term relationship. When you close a prospect, you open a relationship. We’re going to go through the 10 elements of a great sales pitch, and how to apply those elements post sale.
Learn how to apply the fundamentals of storytelling and their brand counterparts to your business strategy. Telling a story is the only effective way to connect your brand with consumers. Don’t fall into the trap of posting to social media as one-way dialogue or merely broadcasting promotions. Create compelling stories that hook your audience. This presentation goes through the fundamentals of storytelling and identifies brand parallels.
You can also watch the recording here: https://www.youtube.com/watch?v=qSDlAvDG4_0&feature=emb_logo
This document discusses defining a brand's voice and provides tips for doing so. It emphasizes speaking the language of customers, being authentic, consistent, and appropriate for the audience. The document outlines a process for determining a brand voice, including knowing the audience, why the brand exists, examining current materials, competitors, desired customer feelings, and admired brand voices. It provides examples of brand traits and writing guidelines to develop a distinctive yet fitting voice. The overall message is that an effective brand voice builds trust and connects with customers.
Discover what kind of Facebook content far outperforms the rest, the data insights that matter, top tools for promotion and amplification of your posts, how to affordably boost your content to custom audiences, and the most effective ways to drive actions and conversions using Facebook Business Manager.
You Are What You E-A-T: Trustworthiness for SEORock & Bloom
Expertise, authoritativeness and trustworthiness are the three pillars for SEO, but what makes a website trustworthy? Think of Tom Hanks and how people innately trust him. Applying some of those traits -- respect, authenticity, consistency -- to your website go along way to making customers trust you.
The Modesto Bee partnered with the local Chamber of Commerce to launch an email marketing campaign using Vendasta's platform. The campaign included four emails over a month that provided businesses a personalized "Snapshot" report on their digital marketing and a link to schedule an assessment. Of the 730 businesses emailed, 359 engaged with the emails, resulting in 25 sales presentations and $57,000 in new digital revenue for the Bee within the first three weeks. The success was attributed to co-branding with the Chamber and offering a valuable personalized report.
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Businesses have always had to manage their reputation, all
that has changed is the medium, the speed at which
information is transmitted and the number of people that
are reached by that information.
A business’s reputation used to be what they said about
themselves in their advertising and the limited reach customers
had via word of mouth. Now, customers define businesses
by providing real time feedback on review sites, social media,
forums and other channels.
Managing a successful online reputation can be time
consuming. You can use products, services or people to cut
down on time expenditure, but whatever you do, maintaining
the online presence of a business is one of the most
worthwhile investments you can make. Of course, one of the
most vital aspects of managing any online reputation is getting,
monitoring, responding to and amplifying online reviews.
Introduction
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Super duper important. Reviews were bigger in 2015 than
they were any year prior. We didn’t even know they could
get bigger! They’re bigger than Drake, The Donald and the
Kardashians combined. Customer experience is the new
marketing. Well maybe not new, but a return to grassroots in
the form of digital. The importance of responding to customers
could not be more prevalent. These stats illustrate that reviews
are on the minds of all consumers:
How important are online reviews?
0
20%
40%
60%
80%
100%
2015 2013
88% 85%
0
20%
40%
60%
80%
100%
2015 2013
39% 32%
0
20%
40%
60%
80%
100%
2015 2013
12% 15%
88% read reviews to determine
quality of a local business
(vs. 85% in 2013)1
39% read reviews on a
regular basis
(vs. 32% in 2013)2
Only 12% do not
read reviews
(vs. 15% in 2013)3
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Google has given us yet another reason to put our reviews
where our mouths are. In Google’s markup—the annotated
content that appears in search—of a company or product,
reviews and ratings can now be included.
When Google finds valid reviews or
ratings markup, we may show a rich
snippet that includes stars and other
summary info from reviews or ratings
-Google Developers4
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Social networks like Facebook, Twitter, Google+ and Foursquare
have dramatically changed the way businesses communicate
compared to traditional media. A reputation today is more
about what customers say about a business and less about
what a business says about itself.
Review sites are a two-way conversation favouring the
consumer—businesses can no longer broadcast the message
they want people to see. There is a democratic nature to
reviews; brands, consumers and trolls having an equal voice
in a shared space. Customers can rave about a business or
let everyone know they had a terrible experience. Earned
media—like mentions, reviews and shares—has empowered
consumers to advocate for brands they care about. Today,
consumers can converse with brands and vice versa. This has
created a world of opportunities.
Though some people think of monitoring their reputation
as a scary chore or a daunting task, instant feedback is
something most business owners are constantly searching
for. Responding effectively to negative reviews and amplifying
positive feedback is essential for success. Not responding
to customers on review sites and social media is worse than
having a phone line that goes unanswered, because there are
thousands of people witnessing the neglect.
While review sites and social media are essential parts of
managing a successful online reputation, monitoring a
business’s digital profile is about much more than responding
to reviews and social media. It’s about being proactive and
creating an authentic online image with the help of customers.
Consumers are complicit in marketing now.
Consumers control the conversation
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No longer are the stories spread on televisions, in commercials
or slapped on gritty newspaper print pages the truth.
Businesses can tell a story—and they must!—but consumers
are now part of the fabric of that story. They are complicit;
they are the other half. In a lot of ways, consumers dictate
the story. The story a business tells must be consistent with
what a consumer experiences. Inconsistencies cause negative
reviews; if a dentist promises no wait times and a patient waits
for 27 minutes, a negative review could be on the horizon. The
marketing needs to match the experience, because consumers
see through the b%lls#$* pretty quickly.
Do you still have cable? Do you watch television commercials
(not just during the Superbowl)? Get a newspaper delivered to
your door? Have a home phone? Do you answer phone calls
from numbers you don’t recognize? Even if you answered yes
to some of these, it’s obvious to see that the world is changing
and marketing must follow (or better yet, lead). You don’t
believe Pepsi is good because Beyonce drinks it and you don’t
buy from telemarketers calling at supper time. And you’re a
consumer.
More than 50,000,000 people signed the Do Not Call Registry in
several weeks. Gone are the days of broadcasting a message to
sponge-like consumers. Audiences are now segmented across
multiple platforms. Companies that are authentic in their
communications (and, of course, provide a valuable product or
service) will win.
From traditional to digital
More than
50,000,000
people signed
the Do Not
Call Registry
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Being present and having a good reputation go hand in hand.
Not being listed on a reference site customers use is just as
bad as having bad reviews somewhere else. When many of a
business’s online profiles have user generated content like
reviews, their reputation drives tangible results. You need to
maximize visibility and reputation simultaneously, building off
the genuine customer experience.
Building a consistent online presence and a positive reputation
is important for both consumers and search engines. Some of
the most important aspects of the online footprint include:
• Number of listings
• Consistency of listing information (name, address, phone)
• Overall sentiment in reviews
• Frequency or current velocity of new reviews
• Overall volume of reviews
• Social activity and engagement (especially with reviewers)
People trust traditional advertising far less than social
recommendations and review sites. Customers view this user
generated content as more genuine and authentic, expecting
them to mirror the actual customer experience. This means that
maintaining a reputation is getting increasingly more important.
Nearly 95% of smartphone users have looked for local
information online.5
Google has reported that nine out of 10
of those searches lead to action, and more than 50% lead to
sales.6
Much of the time, a customer decides to purchase before
even entering the store. If a business has a good web presence,
customers will come to them rather than their competitor.
This includes local listings in order to be found; reputation
management in order to be chosen, and; social products
for word of mouth. Once they’re in the store, 79% use their
smartphones inside to look at reviews, compare prices and
other metrics, and 74% of them end up making a purchase.7
Of course, you know all this—the trend has been obvious for
years and it’s likely (significantly) changed your buying habits.
Those numbers make the opportunity clear: maintain a good
online reputation, get people in the door and make sales.
What makes a good online reputation?
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What people see online matters. 74% of customers trust online
reviews as much as personal recommendations—this is a huge
shift in thinking that has become more prominent year over
year.8
This translates to dollars, as customers put their money
where their trust is. A Harvard Business School study found
that a restaurant that sees a one star increase on Yelp will see
revenues increase anywhere from five to nine per cent.9
Mo
money mo...of all the good stuff. I never knew what Biggie was
complaining about.
Most businesses find that cultivating their digital profile on
their own is too time consuming.
Where they see problems, you see opportunity.
Reputation drives conversion
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Ninety-seven percent of consumers find local business info
on the web,10
and nearly 90% make decisions based on what
online reviews say.11
Every business is constantly being put to
the test, and the results of that test are being published.
Review sites like Yelp! and TripAdvisor host over a combined
270 million reviews and if you consider the billion+ users
on Facebook and Twitter, there’s a good chance your local
business clients are the subject of much online chatter. They
need to be part of the conversation.
Why are online reviews important?
97% find local business
info on the web
of consumers
90%
over a combined
270 million reviews
make decisions
based on what
online reviews sayof consumers
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I know my dad-joke sense of humour is already grinding your
gears, but if you’ve been reading, it’s already pretty clear—
consumers trust businesses with online reviews.
When you decide to try a new restaurant for supper, how do
you pick a spot? What about when your car breaks down, how
do you find a mechanic? When the shower on the second floor
of my 104-year-old house became a waterfall on the first floor,
I turned off the taps and turned on my computer. Obviously,
I’m not the only one—nearly 9 in 10 consumers have read
online reviews to determine the quality of a local business, and
almost 40% of them do so regularly.12
Even though Jerry’s Plumbing was almost $700 cheaper than
Grade A Pipes, I didn’t call Jerry. He didn’t have a single review
and I didn’t want to chance shoddy workmanship (the last
owners must not have been big internet users). Being listed and
being reviewed offer credibility to local businesses. There is the
odd Craigslist hero who makes it through the cracks, but for
most people, a business with reviews creates instant rapport.
Credibility and trust
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Gone are the days when all a business had to do was throw
their [keyword] all over their website to score high in local
search rank. For this we’re all thankful.
There are tons of factors that affect search engine ranking
(SERP factors) and many of them include reviews.13
Some of
those are:
• Diversity of third-party sites on which reviews are present
• Authority of third-party sites on which reviews are present
• Quantity of Reviews by Authority Reviewers (e.g.Yelp Elite,
Google Local Guides, etc)
• Positive Sentiment in Reviews
• Overall Velocity of Reviews (Native + Third-Party)
• Quantity of Third-Party Traditional Reviews
• Product/Service Keywords in Reviews
Aside from SEO on Google and other search engines, Yelpers can
filter their search options to include “highest rated” and “most
reviewed.” If local businesses lack reviews, they won’t show up
as a local fave here. Consumers are declaring their purchase
intent—71% of searches on Yelp came from mobile devices,
meaning that while customers are on the move and ready to
buy, they’re checking reviews.14
How reviews affect SEO
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Related to SEO is what I call clickability. It’s like a hotness
factor for local businesses. Are you more likely to approach
someone who is talking, laughing and conversing with others,
or someone who is sitting in a corner with their back to the
world? Weird analogy? Regardless, consumers are much more
likely to click on search results that have a volume of reviews.
These businesses have generated a dialogue—there must be
something in there worth checking out, right?! Consumers
think so, anyway.
When I visit my parents in Indio, California, and they want to
head out for dinner, one of us does a quick Google search:
“Indio restaurant.” The star ratings pop up immediately on the
top level search. Who has more clickability? The business with
a better rating, obviously.
Clickability
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How to respond to negative reviews
So like Mr. E says,
every business is likely
to receive the odd bad
review—we just can’t
all be on our A-game
all the time. A bad
review can even be
good for business, if
the company responds
appropriately and
sprinkles a little
marketing magic on it.
It may be hard to see it as such, but negative reviews can be
a gift. For every customer who complains, 26 others remain
silent.15
That means if a business gets a bad review, there could
be dozens of other people who had the same experience and
aren’t saying anything.
Business owners crave feedback, so what could be better than
receiving quick criticism from someone who has tried the
business? Of course, there will always be trolls and people that
are unpleasable. No matter how great you are doing, there
will always be a few people who wish the soup was soupier,
the rooms were roomier, or the cave was just slightly less
cavernous. If you keep that in mind, negative reviews can start
to feel a lot less like a kick in the gut, and a lot more like what
they really are: a great source of feedback. That defensive
feeling? Shake it off. Haters gonna hate. But, negative reviews
can alert business owners to problems they didn’t know about.
Here are a few things to remember when responding to
negative reviews:
Take some time to respond. Not a lot of time, you want
people to be able to rely on your quick response, but make
sure you don’t react purely on emotion. It is hard not to take
a bad review as a personal attack, because business owners
care so much about their company. While you want to ensure
you don’t let your emotions take charge, it’s important to write
with sincerity. Responders can make the situation worse by
sounding sarcastic or disingenuous.
Be kind and genuine. While you are responding to one
person, and your response should come across that way,
remember that the audience is potentially much larger and
far-reaching. Not only will other people who visit the review site
see the response, but it’s possible those people could share the
review and response with their own networks.
“Anyone who has never
made a mistake has never
tried anything new.”
― Albert Einstein
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Be specific. If a customer mentions something in particular
about the business, use that in your reply. Not only does
this demonstrate that you are not a robot, but it makes the
complainant feel heard and understood.
Remember that feedback and criticism can be helpful.
This reviewer has taken the time to invest in the business in an
attempt to make it better—thank them (even if you don’t agree
with them). Business owners are always looking for a way to
understand the customer experience, and there is no better
way than a review. The reviewer may have a relevant point
about the business, so it’s important to consider the content
without going on the defensive. If each negative review says that
Zoe is the worst, maybe Timmy needs a talking to. Or a firing.
Offer to take the conversation offline. You would never
want to have a less than pleasant dialogue with an unhappy
customer in a physical store with other customers around, so
why would you do it in front of more watching eyes online?
Offering a phone number and a way to connect privately
ensures the reviewer that you want to fix the situation for them,
not just for the digital audience. Also, if you decide to offer a
free or discounted service to make up for the bad experience,
it’s best not to do this in front of other customers and potential
customers—that might encourage bad reviews to get free stuff.
You know who loves free stuff? Me. And everyone else.
Do not ignore it. Ever! Imagine a business’s competitors
were taking out ads saying how terrible they were and the
business just chilled. The negative review may not be written
by a competitor, but chances are, more relevant people will be
reading the review than would be seeing an ad in traditional
media. These people have already searched the business
and are deciding on a purchasing decision. Make sure local
businesses are part of the conversation going on about them,
online, every single day.
Remember that the reviewer came into the business to
give it a shot. Then they took some of their valuable time to
offer feedback. It’s possible to turn a naysayer into a brand
ambassador. People are not looking for perfection (that’s
clear when we look at our elected politicians, isn’t it?). And as
Salvador Dali once said, “Have no fear of perfection—you’ll
never reach it.” Consumers want to feel heard. They want to
know a brand or local business is authentic.
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Here are a few examples of businesses who got it right, and were
able to put a positive customer experience on a bad review.
This reply is the simplest and replicable. The manager gives a
sincere-sounding apology, doesn’t argue the reviewer’s claims,
and avoids throwing his staff under the bus. They provide
contact information in the form of both a phone number and an
email, giving the reviewer the ability to reply in a way that works
best for them, as well as the ability to take the conversation out
of the public eye.
Boloco
Boloco, a small fast food Mexican chain in New England, has
many examples of superb review handling. John Pepper, the
company’s CEO, has become famous for the care with which
he treats his customers. The following is an email John sent
to a diner who was upset that an item was removed from the
menu. The human tone and the detailed explanation regarding
the decision is unlike any response I’ve ever seen. Prepare
yourself, you don’t see feedback like this every day.
—–Original Message—–
From: John Pepper [mailto:pepper@boloco.com]
Sent: Tuesday, January 24, 2006 8:31 PM
To: Ben
Subject: RE: Boloco.com: customer response
Ben,
First of all, thanks for your note. We always appreciate hearing from
customers… even if we’ve done something that doesn’t make them happy, it
helps us a great deal.
We worried a lot about Roasted Veggies and what the reaction would be. The
reason they disappeared in the first place is because so few people actually
ordered them, and the amount of prep time and waste (because they’d sit
too long and we’d have to throw them out) stopped justifying keeping them
on the menu years ago… but because of the few, and outspoken, customers
who lived on them, we kept them in place. You are now the 7th person that
has written about this loss since we took them off three months ago (not
including a handful of our employees who are also quite upset).
From a purely business standpoint, it didn’t make any sense to keep the
Roasted Veggies. From a customer loyalty standpoint, however, your note
(and the others like it) makes me want to get them back on the menu
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tomorrow! The challenge we always have is balancing the two… you would
be amazed at the number of requests we get on a weekly basis from our
customers – obviously, we can’t accommodate everyone, but we do listen to
everyone, and consider what they say carefully.
I don’t know how this will turn out in the months to come. I know I can’t
promise they will return unless we start hearing overwhelming feedback that
they must. We’ve taken items off in the past and had no choice but to bring
them back (ie. Buffalo chicken is best example where it felt like a riot was
about to take place)… so far, this hasn’t been one of those items.
I hate to even suggest trying the tofu, if you are in fact a vegetarian. My wife
is, and that’s what she gets religiously. It’s not your standard tofu, it has spice,
flavor, and people love it!
Other vegetarians will get the fajitas, though I agree with you are far different
than the Roasted Veggies.
And finally, others will just get any of the items we sell “as is”, which is to say
without chicken or steak. Most of our menu items start vegetarian, and only
when you add chicken or steak do they become otherwise.
I am sorry I don’t have the answer you are looking for. To try and make up
for this, and to give you a few visits on us to possibly find something else that
gets you excited, send me the 16 digit code on the back of your Boloco card
(you can pick one up if you don’t have one, and send it to me then) and I’ll
add some Burrito Bucks on there for you to use. It’s the least we can do, and
maybe you’ll find something that works. If not, we will hope that something
we do in the future brings you back to our restaurants – we have sincerely
appreciated your business and hope we’ll find a way to earn it back soon.
Cheers,
John
Here’s another example from Boloco. This one is unique in
that the restaurant was able to handle the criticism before the
customer had even left the establishment. A customer sent
out a tweet complaining that the music playing at a nearby
Boloco was too loud. Marketing noticed the tweet right away
and called the restaurant and told them to turn the music
down, so the restaurant did. Marketing then provided a
description of the woman (from her Twitter picture), and had
a cookie delivered to her. They then retweeted her with the
addition of the word “done.”
Take a second to imagine being the person who sent that
tweet out. You’d be completely wowed, right? She was. The
customer sent out a tweet praising Boloco, which then many
of her followers starting talking about and sharing. She then
wrote a blog post on the experience, the content of which
has since spread to books and other blog posts, including
this e-book! Boloco
turned a noise
complaint into
Internet fame for
their restaurant.
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You can teach businesses how to respond to a bad review, but
what about a good one? Many of the principles remain the
same—be courteous, thank the reviewer and take some time
to develop a thoughtful response. But, there are some key
differences. Here are a few things you should make sure your
business clients know about responding to positive reviews.
Cars.com recently conducted a study of 10,000 randomly
selected automotive dealership reviews on their site. It showed
that dealers who responded to ALL reviews, not just the negative
ones, received the highest ratings and were the most popular.
Share the review. Put those babies to work. Of course I’m not
advocating child labour, we’re talking about reviews, silly. These
are testimonials for the digital age, and if you ask me, more
compelling than an infomercial (though I have a Magic Bullet
in my cupboard). It only makes sense to use good reviews for
marketing. Customer experience is marketing, and with the
number of consumers who search for a business before they
ever even enter it still on the rise, this has never been more true.
Determine what’s of value. Let me prove my Canadian-ness
with this example. A restaurant owner—Zadie— might think
that the best thing on her menu is the poutine, but what if every
review talks about the beaver tails? Well, maybe she should
start pushing these in her marketing a little, it’s obviously what
consumers want. Or, it could be an indication that not enough
people know about the poutine, and Zadie might want to offer
consumers a special. Regardless of how it works, business
owners are often very close to their work and can struggle to
recognize what consumers really like. Reviews are the
no-nonsense way to decipher the true customer experience.
Get personal. Did the reviewer mention something specific
about the business? Without letting the comment get too
long, share a personal anecdote or offer a shared opinion. If
the reviewer loves the decor in your office, thank them and
tell them where the inspiration comes from. Acknowledging
particular points from the review ensures the author that you
read, understood and internalized their feedback.
Commend staff if they are mentioned explicitly. We’re always
being told how important customer service is, and our data
reinforces that notion. In our database of over 1.6 million online
reviews, the words “service,” “friendly” and “rude” appear in 40%
of reviews. It’s clear that customer service is essential in setting
a business apart, so reward staff who go the extra mile to make
the company extra special. The ones who would walk 500 miles...
then 500 more...etc. Lauding staff that exceeds expectations is
good for morale and will help perpetuate the good service.
How to respond to positive reviews
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Ask for reviews. The average number of reviews written about
the typical business has increased each year. While that is good
news for companies promoting themselves through reviews
and review sites, the average business still doesn’t receive
many reviews per year. The best way to get more? Ask! This can
be done in many different ways, depending on the structure
of the business—at the till on the way out, a follow up email,
a sticker in the window or automated software. We’ll dig more
into that next. When a company’s got a good thing going, it
always pays to keep the ball rolling.
Responding to reviews, positive and negative, are key elements
of modern day customer service. Good customer service is
good business.
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How to get more reviews
You knew it before you read (skimmed? Opened? Downloaded?
Whatever, just do me a favour and pretend like you read it)
this book, but now you’re more convinced than ever—online
reviews are mission critical for local businesses. Of course, not
only do local businesses need reviews, but they need lots of
them and a constant influx.
Because 85% of consumers read up to 10 reviews and there is
a greater proportion of consumers who now read more than 20
reviews, it’s all about that quantity.16
According to Reevoo stats,
50 or more reviews per product can mean a 4.6% increase in
conversion rates.17
Maybe it’s just because I’m a marketer, but
the thought of increasing my conversion rate by nearly 5%
sounds almost like winning the lottery. Of course, no one is
digging back years to seek out positive reviews—whatever is
at the top is surely going to be the most read. One of the best
things about reviews is knowing what a business is like (from
the eyes of contemporaries) right now.
So you get it. But how can you help your clients get more reviews?
Make sure their listings are accurate. When customers
search a business, it should be easy to find. Don’t give
customers any obstacles to leaving a review—search, find,
write. We, of course, offer some top notch listing services that
are key to getting any business found online.
Set up profiles on multiple review sites.
If customers can’t find a business, they definitely won’t be
leaving reviews, so make sure your local business clients
are listed on a variety of review sites. The ideal list varies by
industry, but Yelp, Facebook and Google are some of the basics
for every industry. Picking and choosing review sites can be
dangerous—you can’t anticipate where consumers will search
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for the information. Make sure consumers can find reviews
where they are looking, not just where you think they should
be. Usually it doesn’t take long to set up profiles on these
directory sites, so err on the side of making too many.
Ask. This is like the love story everyone knows, where two best
friends fall in love and say things like “It was there all along, we
just never knew it.” So although painfully obvious (especially for
those of us forced to sit through the rom com), local businesses
who ask for reviews are much more likely to get them. No
matter how much they love a business, customers are busy.
Make customers aware. Putting up visible suggestions in the
physical business is a good reminder for customers. A sticker in
the window that says “Review us on Yelp,” a card you can hand
to people paying at the till or tent cards on the table. A gentle
reminder is always better than a nagging pest.
Use automated software. Send reminders to customers via
email and take the legwork out of the business’s court. Doing
this regularly will help maintain a trickle of reviews, which
makes a business more trustworthy than surges every few
months. Vendasta has built some of the best review generating
software tools on the market—skip to the tools and resources
section to get the link.
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I read a story a while ago that really resonated with me, if
you’ll indulge me. The story of the Serbian Crown really drove
home the significance of online listings for me, which are so
closely tied to online reviews. The two are inseparable; love and
marriage, peaches and cream, peanut butter and jam, gin and
Nykea, listings and reviews. So here we go.
After more than 40 years in business, the Serbian Crown—a
restaurant in Washington D.C.—closed its doors for good. The
Crown was a place where adventurous diners could order up
a plate of kangaroo, bear or even lion meat (yes, surprisingly
legally). In early 2012, owner Rene Bertagna experienced a
sudden 75% drop off in customer business over the weekend.
Being a little off the beaten path, this was the time he did most
of his business. The slump continued. And continued. Bertgana
had to lay off staff and he puzzled why his lion delicacy was no
longer a “mane” event.
Finally, one of Bertgana’s regulars phoned him to ask why he
was closed Saturday, Sunday and Monday. The 74-year old
from Northern Italy had heard of the world wide web the kids
talked about, but he’d never been on Google (I know, right!?).
As it turned out, Google was misreporting the Crown as closed
on the weekends. This was a fatal problem, as potential diners
who searched the restaurant saw the listing pop up with a
red “closed” sign. Bertgana hired someone to help him fix his
listing, but, alas, it was too late. The Serbian Crown closed its
doors for good.
An extreme example of incorrect listings gone awry, a version
of this scenario takes place every day. Sometimes it’s the
wrong hours, incorrect address or a case of the missing phone
number. Getting reviews is essential. Being listed (properly) on
sites that host reviews, critical.
Listings affect reviews, too
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Why are online reviews important?
Not all reviews are created equal. While each business has
vertical specific review sites they need to be listed on, there are
a few sites that every company needs to be found on. Those
include Google, Yahoo, Bing, Facebook and Yelp. Here’s where
we’re going to give you some help with Yelp.18
Yelp reviews are designed to help people find great local
businesses like dentists, hair stylists and mechanics. It has
become so popular over the last decade that more than 89
million users a month have been recorded reviewing local
business just on their mobile device alone. Buying intent is made
on a mobile—consumers are on the go and looking to consume.
Those consumers want to help others like them, hence the
whole review process. Consumers who review businesses and
leave business reviews on Yelp have become known widely
as “yelpers.” Yelpers are gaining lots of attention—South
Park produced an episode all about Yelp where they joked
about some…unsavoury practices and Post Films created a
documentary called the Billion Dollar Bully. Neither portrays Yelp
in a particularly favourable light, but regardless of perception,
there’s no debating that local businesses need to be on Yelp.
Yelpers leave reviews to help others in the community make
purchasing decisions, and it’s important for your local business
clients to keep an eye on them.
24. Why Yelp matters
Yelp matters because it is too-big-to-fail. I don’t believe in that
too big to fail nonsense, but Yelp has got the sticky factor and
a core of loyal followers. As the world’s largest outlet for online
reviews grows, it might be time for all small businesses to start
caring about what is said online; and more specifically, about
their Yelp reviews. Consumers aren’t going to give a small
business any attention if all they see is negativity surrounding
their Yelp review page.
Yelp scores nearly 30% higher than it’s next leading competitor
in terms of most frequently used review sites. With almost half
of consumers using Yelp, local business clients can’t ignore the
giant. Growing over 140 million dollars between 2013 and 2014,
Yelp is set to continue on its growth.19
The downside of Yelp reviews
Many small businesses don’t like Yelp, as their algorithm is
ambiguous, and can surface negativity towards small businesses.
Yelp has been scrutinized for favoring businesses who pay
for advertisements on their site and ridiculing the businesses
who refuse. Ed Wells is a business owner in Jupiter, Florida (his
restaurant is out of this world), who owns a local restaurant,
Chowderheads. Wells contacted Yelp about his reviews, and
says he was cursed out for not buying advertisements on the
site. According to him, shortly after he contacted Yelp, a load of
negative reviews started to pour into his business’s Yelp page.
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In addition to this, like the claim of other small businesses,
there was reason to believe that the positive reviews about his
company were being filtered out.20
Although Yelp denies there
is any truth to this scenario, there are many stories similar to Ed
Wells’ story in Florida. Cliff Biggers, who had enjoyed a 4.5 star
rating on Yelp, said: “Our ratings began to drop on Yelp soon
after we declined the advertising package that was strongly
promoted to us by Yelp. Suddenly all of our favorable ratings
were filtered out, and favorable customer reviews stayed up on
the site for a few hours or less before they, too disappeared into
the NOT RECOMMENDED section.”21
Small businesses feel out
of control in maintaining their review portfolio on Yelp because
they don’t understand it. Nobody does, for that matter.
Darnell Holloway, head of Yelp’s business outreach offers some
insight on Yelp’s algorithm. “How it works is that it’s a computer
algorithm and it analyzes every single review that gets written
based on quality, reliability, and each user’s activity on Yelp. So it
can actually see a lot of back-end data about what each person
who’s writing reviews does on the site and what their habits are.”
Good in theory doesn’t always play out as good in practice, and
business owners are often not thrilled to find positive customer
reviews sink to the non recommended section.
Still, as Yelp becomes a more dominant social-local platform for
online reviews, it’s time for businesses to recognize the power
of Yelp reviews. With over 142 million users on Yelp each month
and a major influence on google’s local search engine results,
Yelp can really help or hurt small businesses. Recognizing the
significance of a positive presence on Yelp can give a small
business an advantage over the businesses who refuse to pay
attention to their Yelp reviews! Browsing online reviews is the
first step for many consumers in the buying process, and Yelp
has proven to be the starting point. Pay attention to online
reviews, and let Yelp help.
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These review sites are relevant for almost every business in
nearly every vertical. Where possible, companies should claim
their listing, as well as being aware of customer chatter on
all sites. Aside from these 10 key sites, each vertical needs to
address industry specific reviews, like TripAdvisor, DealerRater,
Cars.com, etc.
Site About
Google My
Business
Google My Business puts business data
on Search, Maps and Google+ so that
customers can easily find a location from
desktop, mobile or anything in between.
Google reviews show up in search and are
known to bolster SEO, so they are essential
to the credibility of all businesses.
Yelp Founded in 2004, Yelp has become
synonymous with online reviews. Yelp had
a monthly average of 86 million unique
visitors who visited Yelp via their mobile
device in Q4 2015, which is a clear indication
of purchase intent.
Facebook Consumers increasingly interact with
brands through social channels, and there
is no social platform more prevalent than
Facebook. It follows, then, that the reviews
on Facebook are seen and shared by many
potential customers. x
Glassdoor On Glassdoor, employees share what
a company is like on the inside, so it’s a
great resource for potential hires and new
customers.
Bing As well as being a place where users can
leave reviews, Bing aggregates reviews from
other sources. So although it may be easily
forgotten, Bing reviews are still relevant.
FourSquare With 55 million monthly active users,
Foursquare is still a powerful force to
monitor customer loyalty and feedback.
Amazon We may think of it as a virtual library,
but Amazon is for much more than book
reviews. For companies who do any amount
of e-commerce, Amazon is a key source of
information.
The Top 10 Review Sites
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Angie’s List Angie’s List is a service listing and review
site that offers user-based rankings and
reviews of service professionals in local
areas. Because it is not a free site, Angie’s
List is known to be less filled with rambling
reviews and spam.
Aabaco Formerly Yahoo! Local, Aabaco allows users
to post reviews of businesses using the
well-known five-star rating system. Although
(definitely) secondary to Google, Yahoo! still
receives about 10% of search engine share,
so definitely worthwhile.
Better
Business
Bureau
Company profiles on BBB contain a short
company bio and a history of complaints
made about the business, as well as an
A - F rating.
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1. 92% of consumers now read online reviews vs. 88% in 2014
(Bright Local)
2. 40% of consumers form an opinion by reading just one to
three reviews vs. 29% in 2014 (Bright Local)
3. Star rating is the number one factor used by consumers to
judge a business (Bright Local)
4. 44% say a review must be written within one month to
be relevant.This highlights the importance of recency in
reviews! (Bright Local)
5. Only 13% of consumers consider using a business that has
a one or two star rating (Bright Local)
6. 68% say positive reviews make them trust a local business
more vs. 72% in 2014 (Bright Local)
7. 43% of consumers search a business by reviews at least
one time per month vs. 38% in 2014 (Bright Local)
8. 60% of consumers have searched a business at least six
times per year vs. 56% in 2014 (Bright Local)
9. There has been a considerable decrease in those that
“never” search for a local business online, down from
22% to 9%, and an increase in those that search for a local
business every day, up from 7% to 14% (Bright Local)
10. 73% have read online reviews on a desktop (Bright Local)
11. 38% have read online reviews on mobile internet vs 24%
on a mobile app (Bright Local)
12. 29% have read reviews on a tablet (Bright Local)
13. 33% believe all local businesses should have websites
designed for mobile vs. 25% in 2013 (Bright Local)
14. 61% are more likely to contact a local business if they have
a mobile optimized site (Bright Local)
15. 40% of consumers form an opinion by reading one to three
reviews, vs. 29% in 2014 (Bright Local)
16. 73% of consumers form an opinion by reading up to six
reviews ,vs. 64% in 2014 (Bright Local)
17. 88% of consumers form an opinion by reading up to ten
reviews vs. 84% in 2014 (Bright Local). This means
it’s important to have a large body of reviews, as customers
are reading more reviews now than in all years past.
18. Only 12% are prepared to read more than 10 reviews vs.
16% in 2014 (Bright Local)
19. 26% of consumers say it’s important that a local business
responds to its reviews (Bright Local)
20. Only 14% of consumers would consider using a business
with a one or two star rating (Bright Local)
21. 57% of consumers would use a business with a three star
rating (Bright Local)
22. 94% of consumers would use a business with a four star
rating (Bright Local)
23. 51% of consumers will select a local business if it has
positive reviews (Bright Local)
Stats about online reviews
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24. 80% trust reviews as much as personal recommendations,
vs. 83% in 2014 (Bright Local)
25. 48% will visit a company’s website after reading positive
reviews (Bright Local)
26. 23% will visit the business premises directly after reading
positive reviews (Bright Local)
27. 9% of consumers will phone a business after reading
positive reviews (Bright Local)
28. Reliability (27%), expertise (21%) and professionalism
(18%) remain the most important attributes to consumers
(Business2community)
29. More consumers are interested in “good value” than
before, while less are concerned about the “expertise” of a
business (Bright Local)
30. Word of mouth is still the most popular method of
recommendation for consumers despite a 2% drop year
over year (Bright Local)
31. On average, a consumer will look at over 10 information
sources before making a purchase (Bazaarvoice, 2012)
32. Over half of young people aged 18 to 34 say they trust
online reviews more than the opinions of friends and
family (Bazaarvoice, 2012)
33. 88% of online shoppers incorporate reviews into their
purchase decision (webrepublic)
34. Consumers who read reviews on a smartphone are 127%
more likely to buy than those who read reviews
on desktops (webrepublic)
35. Reviews are especially important for local searches as they
influence up to 10% of the ranking (webrepublic)
36. Only reviews from friends and family are trusted more
than online review. Reviews from experts and celebrity
endorsements are less trusted than online reviews
(webrepublic)
37. 30% of consumers assume online reviews are fake if there
are no negative reviews (webrepublic)
38. The three online platforms dedicated to reviews with
the most global traffic are: yelp, tripadvisor, foursquare
(webrepublic)
39. 58% of consumers said they have recently (within the past
five years) began leaving more and more online reviews
based upon customer service (reprevive)
40. 100% of customers who make over $150,000 annually
claim to leave reviews when it comes to a poor customer
service experience (reprevive)
41. Reviews of 50 or more, per product can mean a 4.6%
increase in conversion rates (Econsultancy)
42. 63% of customers are more likely to make a purchase from
a site which has user reviews (Econsultancy)
43. 105% customers are more likely to purchase while visiting,
when site visitors interact with both reviews and customer
questions and answers, and spend 11% more than visitors
who don’t interact (Econsultancy)
44. Reviews produce an average of 18% uplift in sales
(Econsultancy)
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45. 64% of consumers would read online reviews when
purchasing technology items (Econsultancy)
46. 68% of consumers trust reviews more when they see both
good and bad scores (Econsultancy)
47. Between one and three bad online reviews would
be enough to deter the majority (67%) of shoppers from
purchasing a product or service (Econsultancy)
48. 86% of people will hesitate to purchase from a business
that has negative online reviews (business2community)
49. Number of reviews posted every minute by Yelp users is
26,380 (business2community)
50. If a business resolve its issue quickly and efficiently, 95%
of unhappy customers returns back to your business
(Social Media Today)
31. www.vendasta.com 311 844.955.6650
Tools and resources
Each review site is unique and takes care and attention to list
and maintain properly. Here are review guidelines for some of
the most critical platforms:
• Google My Business
• Yelp
• Foursquare
• Citysearch
• YP.com
Manually maintaining listings and monitoring reviews on every
site is daunting. My boss always harps on me to not bring a
problem to the table without a solution, so of course, I wouldn’t
dream of doing that to you. We built our reputation on building
reputations, developing software to help.
• Reputation Management
»» White label reputation management software for
digital agencies to help local businesses monitor all
aspects of their online reputation.
• Review Monitoring
»» A vital piece of Reputation Management is review
monitoring. Online comments can be broken down
into two categories: structured and unstructured
mentions. Our system hunts for both, making it
simple to track what people are saying wherever
they’re saying it.
»»
• Review Generation
»» Review Generation empowers your clients to
generate new reviews, showcase testimonials on
multiple platforms, manage customer feedback and
monitor valuable review statistics. They can request
reviews individually or in bulk, add a widget to their
website and amplify on relevant third party sites. Mo
reviews mo money!
• Listings Visibility
»» Remember how I said listings come hand in hand
with reviews? Reputation Management monitors a
majority of online directories, review sites and social
networks. Sources are specific to the business’s
category, so whether your clients are restaurants on
Zomato or car dealerships on DealerRater, they’ll be
sure to get the data they’re looking for.
• Concierge
»» Offer all these services as a do-it-with-me service
model. Concierge is a task management system that
will help you create and correct listings, best utilize
reviews and create an online presence. Grow revenue
by providing visibility, review and social media services
to your clients from one scaleable interface.
• Digital Agency
»» Concierge sounds good but ain’t nobody got time for
that? Our in house digital agency will do all the work
for you, under your name. It’s a win-win-win.
32. www.vendasta.com 321 844.955.6650
Online reviews have moved from “nice to have” to essential. As
customers look to these sites for feedback, updating profiles,
responding to reviews and engaging customers becomes
increasingly more important. Maintaining positive word of
mouth online is digital age customer service.
In 2016, local businesses will spending $80B on digital
marketing solutions and services, with reputation management
boasting $1.3B of that chunk, up 216% from 2015 (Borrell).
Social media marketing will be up a 248% from last year, taking
up $2.2B of the pie. While online reviews have been prevalent
for many years, business owners and consumers alike are now
recognizing the gamut of challenges and opportunities.
Reviews are the new black. Generating reviews, responding
to reviews and engaging consumers online is essential for the
success of local businesses.
Conclusion
33. www.vendasta.com 331 844.955.6650
About the author and designer
Nykea Behiel is the Managing Editor of the marketing team at Vendasta. With a
passion for driving leads through content marketing, Nykea curates content for
the blog, website and social media. Having been in the local digital space for a few
years now, she can throw around slang—SERP, API, SMB—and have a vague idea of
what it means. She’s been retweeted by Margaret Atwood, photographed with the
Prime Minister and allegedly ate in the same restaurant as JFK. She has a very poorly
behaved miniature golden doodle that occasionally makes his way to the office. Hard
to say how any of these things are relevant.
“Nykea? Name sounds familiar. I think she works on the third floor.”
—Steven Hancock, works at Vendasta
Cara Dand is the Lead Graphic Designer of Vendasta’s marketing team. Cara is
responsible for the design direction of all marketing communications materials.
Translating content writing into imagery and combining the text and images into a
complimentary layout/publication is what really gets her excited.
“Cara? I once bribed her to make a logo in exchange for a sandwich”
—Rylan Morris, also works at Vendasta