{"id":101176,"date":"2023-02-25T19:52:58","date_gmt":"2023-02-25T19:52:58","guid":{"rendered":"https:\/\/businessyield.com\/?p=101176"},"modified":"2023-02-25T19:53:01","modified_gmt":"2023-02-25T19:53:01","slug":"brand-monitoring","status":"publish","type":"post","link":"https:\/\/businessyield.com\/business-branding\/brand-monitoring\/","title":{"rendered":"BRAND MONITORING: Definition and Detailed Guide","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Did your most recent campaign succeed or fail? Do your consumers promote you to their friends, or do they warn them to stay away? To find out and really move the needle when it comes to brand awareness, you’ll need to engage in brand monitoring. While many social media management tools include some form of brand listening, there are a few that make brand monitoring one of their key focus areas. Here are 10 of the best online brand monitoring tools for measuring your success over time.<\/p>\n\n\n\n

What is Brand Monitoring?<\/h2>\n\n\n\n

Brand monitoring is the technique of tracking different channels to see where your brand is discussed. Understanding where and how people are talking about your brand can help you better understand how people perceive it and will allow you to collect vital feedback from your audience. You can also monitor prospective crises and respond to queries or criticism before they spiral out of control.<\/p>\n\n\n\n

Why Brand Monitoring Is Important?<\/h2>\n\n\n\n

It’s critical for a brand to care about what its target audience thinks. You may not agree with some of the conversations you see surrounding your brand, but this provides you with an idea of how people feel about your brand and products in general. Your public perception and how you respond to public comments can have a significant impact on brand growth.<\/p>\n\n\n\n

In fact, according to our latest poll of 250 corporate executives, 72% use social media as a source of data and insights to inform their company’s business choices.
Brand monitoring can affect your company in a number of ways, as listed below.<\/p>\n\n\n\n

#1. Sentiment Analysis<\/h3>\n\n\n\n

You may better grasp the general emotion that people have toward your brand by using brand monitoring. A sentiment analysis examines the particular language used in comments about your brand and can tell you whether people are speaking positively, negatively, or neutrally about your brand.<\/p>\n\n\n\n

This is a terrific method to read between the lines and see how people are reacting to certain pieces, campaigns, or your brand in general.<\/p>\n\n\n\n

#2. Crisis and reputation management<\/h3>\n\n\n\n

Monitoring your brand can help you manage client complaints before they spiral out of control. Listening to reviews and criticism online and having a method for responding to and managing those concerns can boost audiences’ trust in your brand and demonstrate that you care about what customers are saying.<\/p>\n\n\n\n

#3. Recognizing problems and making improvements<\/h3>\n\n\n\n

In addition to monitoring your brand’s reputation, it’s crucial to check for prospective comments that might assist you in identifying necessary modifications to your product or service. Make sure you have a robust method in place for receiving feedback from your audience. It’s also critical to have a system in place to route the online input to the appropriate departments within your organization that can make the modifications and improvements.<\/p>\n\n\n\n

#4. Creating two-way communication<\/h3>\n\n\n\n

It is much easier to respond when you know where people are talking about your brand. Responding to reviews or comments in public shows your audience that you are actively listening to what they have to say.<\/p>\n\n\n\n

It also demonstrates that you are available to answer queries and assist customers. When you miss the opportunity to respond to queries or criticism online, it may appear that your brand is unreachable or is not interested in feedback.<\/p>\n\n\n\n

Recognize user-generated material User-generated content can be a valuable addition to your content strategy. You can discover who is sharing content about your brand by monitoring brand mentions. This is also a terrific method to locate new influencers to collaborate with who are true ambassadors of your brand and source new material for your social media channels.<\/p>\n\n\n\n

Benefits of Brand Monitoring <\/h2>\n\n\n\n

Maintaining an ear to the ground at all touchpoints offers various advantages and will provide feedback and insight that is critical when it comes to establishing brand recognition, brand awareness, brand sentiment, and brand loyalty:<\/p>\n\n\n\n

#1. Crisis management<\/h3>\n\n\n\n

Sometimes reputational crises emerge that require immediate attention – miss your window, and your brand sentiment may suffer in ways that are difficult to reverse.
Constant, real-time brand monitoring can help you spot these trending moments as they happen and handle them before they escalate.<\/p>\n\n\n\n

#2. Addressing customer complaints<\/h3>\n\n\n\n

Brand monitoring is an excellent method for identifying and addressing client pain issues. If you pay attention to what your consumers are saying about you, you’ll understand which parts of the purchasing process are difficult for them.<\/p>\n\n\n\n

Perhaps the checkout process is so complicated that people are tweeting about it. Perhaps your delivery tactics are eliciting feedback-form submissions. Good brand monitoring will alert you and suggest immediate measures as a result.<\/p>\n\n\n\n

#3. Building customer relationships<\/h3>\n\n\n\n

Listening to what your customers (and potential consumers) are saying about you will help you identify opportunities to engage with them.<\/p>\n\n\n\n

It could mean unearthing user-generated content (UGC) from brand-loyal advocates and fans that you can support and post on your channels, or it could mean cultivating a stronger sense of community by actively reacting to conversations about you rather than with you. The trick is to actively monitor conversations and mentions.<\/p>\n\n\n\n

#4. Developing your reputation<\/h3>\n\n\n\n

Building your brand’s reputation is a gradual, continuing, and never-ending process, but you won’t know if you’re making progress unless you’re regularly monitoring sentiment online.
With a brand monitoring plan in place, you’ll be able to assign quantifiable numbers to things like brand reputation and follow its progress over time.
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What To Monitor<\/h2>\n\n\n\n

Understanding what to monitor is just as critical as knowing where to focus your attention. Tracking the following will provide you a more complete picture of the reputation, feedback, and share of voice of your brand:<\/p>\n\n\n\n

#1. Product names and brand mentions<\/h3>\n\n\n\n

The most obvious, but also most crucial, thing to listen for. Monitoring brand mentions can provide you with a comprehensive picture of every time your company is directly mentioned by customers or in the media.<\/p>\n\n\n\n

Include product names in your brand monitoring to capture any mentions that do not necessarily involve your brand name, but make sure that you include alternative\/incorrect spelling and phrasing in your criteria with both.<\/p>\n\n\n\n

#2. Industrial jargon<\/h3>\n\n\n\n

When using brand monitoring to impact marketing campaigns or market research, it might be beneficial to look beyond your brand and products to the larger industry.
Monitoring industry-specific terminology and new trends is an excellent method to keep on top of your offering while also cross-referencing your standing and relevancy within your business.<\/p>\n\n\n\n

#3. Competitors<\/h3>\n\n\n\n

Competition monitoring can help you assess how your results compare to the rest of the market.
Most brand monitoring solutions include some level of competitor benchmarking to assist you understand your share of voice and how your overall brand sentiment compares to your closest competitors.<\/p>\n\n\n\n

#4. Sentiment<\/h3>\n\n\n\n

In general, sentiment analysis examines whether people perceive your brand favourably, negatively, or neutrally, however data can originate from a variety of sources.
Contemporary brand monitoring tools can go beyond typical surveys, including text parsing to detect sentiment or – as with Qualtrics Experience iD – natural language detection that includes contact center conversations. The easiest method to gain a comprehensive picture of sentiment is to combine data from as many sources as possible.<\/p>\n\n\n\n

How To Choose The Best Brand Monitoring Tools<\/h2>\n\n\n\n

Ready to begin? We’ve provided a few simple ideas for picking the best brand monitoring tool for your needs\u2026<\/p>\n\n\n\n

#1. Establish your brand monitoring objectives.<\/h3>\n\n\n\n

The more data points you can measure, the better, but it’s always best to stay focused. Use a brand monitoring tool that focuses on social media if your initial objective is to determine the effectiveness of your most recent social media campaign.
If you want to compare yourself to your competition, you’ll need to be sure your platform is up to the task.<\/p>\n\n\n\n

#2. Create a budget<\/h3>\n\n\n\n

Never pay for a brand monitoring platform or suite that is more expensive than it is worth to your company’s bottom line.
Determine how much you’re willing to spend – both on subscription fees and on in-house employee time – and compare pricing models accordingly.<\/p>\n\n\n\n

#3. Choose something scalable.<\/h3>\n\n\n\n

As your brand expands, so will your brand monitoring goals, so search for brand monitoring tools that can scale with you.<\/p>\n\n\n\n

Several provide scalable solutions that can be supplemented and expanded with more powerful tools, but some have limitations entrenched in a single type of brand monitoring. It’s a good idea to start with a roadmap in mind so you don’t end up with multiple platforms that are difficult to switch between.<\/p>\n\n\n\n

Examples of Brand Monitoring Tools <\/h2>\n\n\n\n

These are a few brand monitoring tools to consider\u2026<\/p>\n\n\n\n

#1. Brand24<\/h3>\n\n\n\n

Brand24 is one of the most powerful brand monitoring tools, according to HubSpot.
The tool collects publicly available data from a variety of sources, such as:<\/p>\n\n\n\n