8 Ways You Can Use Sentiment Analysis To Grow your Business

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Listening to customer feedback has always been important to companies that want to stay in business and expand their customer base. As the marketplace gets more complex, using human and automated methods can help in a number of ways.


Using sentiment analysis can help your business in a number of ways, whether it’s large or small, by helping you make sound decisions about products and advertising. People gather in social media to discuss your products. By eavesdropping accurately and in a timely manner helps you prosper.
Here are eight things you can use social media sentiment analysis for:
1.      You can get a good idea how your product stacks up against that of a competitor. This helps with product development as well as marketing.

2.      You can influence the conversation when you know which way it is trending, nudging the view to make it positive.

3.      You can respond quickly to a crisis, bad experiences and problems with products or customer service. It provides a way to manage your online reputation by taking appropriate action with speed

4.      One very practical use is with reviews. People pay attention to reviews and buy more of the products that have the most reviews. Using sentiment analysis, you are alerted to negative reviews as they happen, allowing you to respond quickly.

5.      You can gain the trust and loyalty of customers by reacting to customer feedback in a timely manner, which tells customers you care about them.

6.      It helps you measure the success of a specific ad or campaign soon after it appears. If people are talking about it, you’ve made an impression. Hopefully it’s a positive one.

7.      For market research. Knowing that a particular gender between the ages of 18 and 24 like your new app helps you figure out how to word your ads, the graphics to use and where to place them. You can refine an ad campaign while it is still going on.

8.      You can check your virtual popularity (think likes, retweets and favorite). Developing a bigger footprint is good for business. It’s a good metric to track on an ongoing basis.

Summary
If you believe that your reputation is a worthy goal, then you have to manage it and learn to post responses to negative comments in other to resolving concerns. Just make sure the people who are the source of the problem get the message.

Let us knows if you have any comment please leave  it below.

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