How to Increase Digital Marketing Agency Profit Margins in 5 Steps
Healthy margins. For any agency, profitability goes beyond revenue and is about achieving (and retaining)…
As a small business, the most important thing that you can do is to manage your online and offline reputation. A few years back, managing your brand’s reputation was a pretty simple and straightforward process, but with the advent of today’s virtual marketing avenues, reputation is much more complex and important than it used to be. Even though getting five-star ratings from all customer reviews may seem impossible, doing your best and standing out from the crowd will play a crucial role in managing your reputation. Here are some of the reasons sound reputation management is essential for your business:
Getting positive reviews and ratings will ensure that a small business improves immensely in local rankings. This also puts the business in a good online position. A survey conducted reported that 85% of respondents mentioned that they consult online reviews before doing business with a company. As such, it is important to always leave a positive impression on your potential customers.
A small business with a good reputation often manages to have a loyal base of customers that talk to others about the business in a positive way. As such, their sales are enhanced considerably. The use of blogs is one way to do this.
Small businesses should practice good SEO that will help them get highly ranked on search engines. Many consumers looking for specific businesses only check the first search page. Therefore, securing the business one of the top positions is your best bet for obtaining new customers. However, reputable companies have priority over companies with poor reputations, which directly affects their visibility. Launching and developing effective social media campaigns as well as providing good customer services and products that answer your users’ needs will enable a company to reach a wider demographic.
A great reputation will always represent the business in the best light. The general public is going to research about your business at one point or another, therefore, you should consider your consumers as investors, but on a different level. As they do not know the business well enough, owners should strive to show their best side at all times and make sure that first queries are as positive as possible.
As a small business, you certainly want to work with the best people possible. But top talent looking for a position will ultimately do research on the company and gauge the brand’s reputation before making an application. This can make a big difference during recruitment and affect the quality of the talent pool you’ll have access to.
Trustworthy businesses usually succeed. Whether you are a startup, or in the development stage, clients will always have an opinion about your business. And they will eventually spread the good and not so good aspects of your products and/or services. As the internet makes every citizen a journalist, small business owners should strive to build a good reputation which will, in turn, build trust and credibility.
Reputation management is more than just a buzzword. If you cannot do it yourself, then enlisting the help of competent management professionals may be the best step to take. Make sure your reviews always glow and if they don’t, do everything you can to salvage them. It is the only way your business can maintain a good reputation.
Image courtesy of: egoseoservices.com
James has been involved in SEO and digital marketing projects since 2007. James has led many SEO projects for well-known brands in Travel, Gaming and Retail such as Jackpotjoy, Marriott, Intercontinental Hotels, Hotels.com, Expedia, Betway, Gumtree, 888, Ax Paris, Ebyuer, Ebay, Hotels combined, Smyths toys, love honey and Pearson to name a few. James has also been a speaker at SEO and digital marketing conferences and events such as Brighton SEO.
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