10 May

Why Brand Management

By Gadook | 4 comments

4

Brand Management

Some complaint sites may be run by a competing company or its employees. In addition to disgruntled employees, ex-wives, ex-friends and consumers, companies may face Internet sites backed by environmental or other activist groups seeking to promote their political causes.

Internet complaint web sites have become the tool of choice for irritated customers, disgruntled employees, political activists and anyone else to air their bellyaches economically and effectively. Concealed by anonymity and powered by a worldwide audience, Internet complainers can impose chaos on your Company.

Brand Management is critical when considering fiscal implications. Brand Management through analyzing and influencing search engine results, can prevent the loss of business or career and ensure ongoing success for you and your Company.

•More than 80 percent of executive and corporate recruiters research job candidates online, and 43 percent say they have turned down job seekers because of what they found, according to a study released August 2008 by ExecuNet.

•Online reviews are second only to personal advice from a friend as the driver of purchase decisions; user reviews are more influential than third-party reviews. (“Web users and web community,” Rubicon Consulting, Inc. October 2008)

•86% of consumers read online business reviews before making purchasing decisions; 90% of whom say they trust these reviews. (Kudzu.com survey of 600 users, December 2008)

•Almost two-thirds (62%) of consumers read consumer-written product reviews on the Internet. (Deloitte & Touche, September 2007)

•When asked what sources of information they are “very likely” to consult before making a decision about their entertainment options, 62% named Web sites with user reviews as their top choice, even beating out a knowledgeable friend (59%). (Marketing Sherpa, July 2007)

•Seven in 10 (69%) consumers who read reviews share them with friends, family or colleagues, thus amplifying their impact. (Deloitte & Touche, September 2007)

•74% agree-including 14% who strongly agree-that they choose companies and brands based on what others say online about their customer service experiences, the survey shows. (Society for New Communications Research, May 2008)

•More than eight in ten (82%) of those who read reviews said that their purchasing decisions have been directly influenced by those reviews. (Deloitte & Touche, September 2007)


4 comments

  • 01 Louis Halpern 09/18 10:11
    Louis Halpern

    Company’s should be proactive in their reputation management. If they wait until they have to react they will always be at a disadvantage.

  • 02 Crasty 10/17 02:27
    Crasty

    Very interesting and amusing subject. I read with great pleasure.

  • 03 Cornelius 10/19 13:43
    Cornelius

    Hmm… I read blogs on a similar topic, but i never visited your blog. I added it to favorites and i’ll be your constant reader.

  • 04 Web Surfer 02/14 13:18
    Web Surfer

    Cool Video!


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