Are you conscious of your brand reputation?
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What is brand reputation?
Why is brand reputation important?
What are the benefits of a strong brand reputation?
What is brand reputation?
Brand reputation is the collective public perception of your brand. It includes how your customers, employees, partners, whānau and stakeholders think and feel about your brand/business.
Brand Reputation can be shaped by many things such as the following (to name a few):
Your company’s history
The customer service you provide
Stakeholder relationships
Product or service quality
Community involvement
Track record
How your workers are seen to behave
Why is brand reputation important?
If you have a good brand reputation and how you carry the business in the public eye, it can make your business more attractive to engage with or purchase from. In this day and age with information more accessible then ever, it is very common for potential buyers to do their research to see how you stack up in your industry (are you reliable, what are people saying about you, do you have a website with more information, how professional is your brand to engage with etc.)
Having a strong brand reputation can lead to many benefits:
Customers are more likely to do business with companies that they trust and perceive as reliable.
Builds loyalty in your brand and product, ultimately driving sales and bottom line growth.
More likely to attract and retain employees who are aligned with their values and mission.
Studies have shown that companies with a strong brand reputation tend to outperform their competitors.
Branding can make a customer choose you over their competitors who are selling their products/services at the same price.
What are the benefits of a strong brand reputation?
Branding
Brand recognition
Customer loyalty
Credibility
Professionalism
Memorable / front of mind
Testimonials
Better understand your customers wants & needs
Credibility & social proof
Allows customers to have a voice
Customers are doing your marketing
Reviews generate reviews
Referrals
Digital Presence
Credibility and legitimacy
Customers can always find you 24/7
Easy way to be contacted
Customers can learn more about you
Visitor insights (analytics)
Investor growth opportunity
Public Relations
Connecting with your customers
Building a strong brand image
Increasing visibility of your services/products
Strengthen stakeholder relationships
Attract investors
Marketing
Increased customer reach
Improve brand recognition
Build stakeholder relationships
Increase revenue & drive sales
Easy to track and monitor performance
Communication at all stages of the buying process