Most of the “professionals” would scoff if they heard a potential client say that they used Google Alerts to monitor their online reputation. They would be full of it, however. Most monitoring tools I’ve seen advertised on the Web offer nothing more than Google Alerts with a custom face. You can pay the fee if you want, but all your getting is someone else arranging the Google Alerts info for you.
The truth is, more than 40% of the English speaking world uses Google’s search engine to find information online. In some industries, that number is actually more like 80%. Will Google Alerts catch everything on the Web? No, but it will catch anything on the Web that is indexed in Google, which means it’s results are relevant and comprehensive enough.
The first step in a viable reputation management business is to monitor the space and find what is being said that affects perception of your brand. This step is both easier than you might think and more detailed than most people think. If you are Wal-Mart, for example, you might think that all you have to track is the term “Wal-Mart” spelled a dozen different ways, the names of a few executives, and you’re done. This will probably inform you of 60-70% of what you need to be monitoring. What about popular slang, or product names that don’t require “Wal-Mart” to be recognized as Wal-Mart products?
The larger the corporation, the more likely you are to have earned a few nicknames from the consumer. You need to track everything.
There are several more steps to Reputation Management, so make sure this step is handled thoroughly, as it affects everything that follows.