- Why You Need Brand Sentiment Analysis
- Brand Sentiment Tools
- How to Do Brand Sentiment Analysis
- Let’s Sum Up!
Brand sentiment is determined through the use of sentiment analysis to classify customer feedback. By combing through brand mentions in reviews, social media conversations, etc., you can discover if comments are positive, negative, or neutral.
Learning how to analyze brand sentiment is important to find out exactly how customers feel about your company, products, or services. Finding out where your company falls – from high praise (positive) to total disapproval (negative) – can be time-consuming and tedious if you have to sift through large amounts of data manually.
However, with advances in technology, sentiment analysis of your brand is now as easy as running text through tools that automatically “read” for positive, negative, and neutral sentiment. Sentiment analysis tools can automatically analyze text data using machine learning, to quickly and accurately classify user sentiment, without the need for dozens of employees.
In this post, we’ll explain how sentiment analysis can comb through text to detect emotions, like happiness, frustration, sadness, and so on – and how it can benefit your business. Then, we’ll show you how you can perform social media sentiment analysis to understand how customers talk about your business, a technique that can be used across all social media platforms, online reviews, user surveys, and more!
Why You Need to Do Brand Sentiment Analysis
We all know the adage: The customer is always right. There is a wealth of data about your brand on the internet: news stories, social media comments, blog posts, forums, reviews, and so on.
A sudden uptick in mentions across the internet may seem positive, at first glance. However, it’s important to know the quality of that data – is sentiment positive or negative? Analyzing sentiment of your brand over time will keep your finger on the pulse of your customers’ thoughts and feelings, as they relate directly to your brand’s image and performance.
Let’s take a look at how monitoring brand sentiment over time can help:
Avoid PR Crises
Social media monitoring of your brand in real time can help you detect problems right away.
Take United Airlines, for example. A passenger incident led to a spike in negative social media mentions, after the company was accused of racial profiling. The topic spread like wildfire to China, where the episode became the number one trending topic on Weibo, a microblogging site with almost 500 million users.
And this all happened within mere hours of the incident. In situations like this, sentiment analysis can notify you of negative issues right away, so you can deal with them before they escalate into a bigger problem.
Respond to urgent queries first
Sentiment analysis can help determine which brand mentions are most urgent. You’ll know when you need to reach out to customers, whether to thank them for praise or help correct an issue.
Imagine a social media influencer or well-known blogger has praised your brand – you’ll be able to join in the conversation to further improve on your brand image. Conversely, if there is a product issue or customer complaint, you can prioritize these issues first and respond within minutes.
Monitor Marketing Efforts
Track your campaigns with analysis of reactions on Twitter, Facebook, and beyond. You might want to tune into a specific point in time to look at press mentions on the day of a new campaign launch. And you can follow the analysis as it trends up or down.
Take Dove for example. The company posted an ad on Facebook showing a woman transforming into an entirely different race after using their product. They received a huge backlash from women saying that the ad made them angry and uncomfortable. Dove picked up on these negative sentiments right away, removed the ad from Facebook, and released an apology.
Quick actions like this, using sentiment analysis tools, are essential to limit damage to your reputation and retain clients. And can quickly tell you if a campaign or ad is successful or not.
Get Insights On Product Design
New design feature? Find out what customers are saying right after product launch. Or comb through years of reactions you may have never seen. You can search for specific keywords pertaining to a new product or feature to find only the information you need.
Companies like Instagram are constantly releasing new features – like their in-app video trimming tool. And they need to know the public’s reaction right away, or it could hurt their bottom line. With brand sentiment analysis, you can tap into exactly what you need, right after the new feature is launched. And you’ll know when to make changes if necessary.
Evaluate Overall Public Perception of Your Brand
With machine learning and targeted sentiment analysis you’ll know where your brand stands on a day-to-day basis. You can keep an eye on your public image, as it rises (or falls) over time. Machine learning analysis is far better than human analysis because machines don’t alter their criteria.
Your results will be consistently accurate, and you can follow them over time – without having to worry if you are making the right decisions or not.
Brand Sentiment Tools
There are plenty of tools out there that can help monitor the public sentiment of your brand online – cost-effectively, and in real time. Take a look at five of the top choices:
MonkeyLearn is a machine learning platform that offers an easy-to-use pre-trained sentiment analysis model that you can try right now for free. MonkeyLearn’s text analysis tools can be integrated with apps (like Excel, Google Sheets, Zapier, and Zendesk), so you can simply dive in with software you already use.
And if you need a model tailored directly to your industry and your specific needs, you can train your own sentiment analysis model. It’s easy. No coding necessary!
Meltwater began in 2001 as an online media monitoring company to scour the news for trending information and individual client mentions. They now have massive news and social media databases that their AI software uses for media monitoring, social media listening, social media management, PR analytics, and influencer engagement tools.
Rapidminer uses data mining, text mining, and predictive analytics to break down unstructured data (online reviews and social media posts), along with structured data (publications and documents), to advance marketing, improve product development, and keep an eye on risk management. Users may enter raw data, like databases and text, which are analyzed on a large scale.
Hootsuite’s motto, “Build social intelligence into your brand strategy,” is accomplished through instant analysis and constant monitoring of millions of online conversations happening about your brand.
MeaningCloud offers a number of SDKs and plug-ins that increase usability and may be embedded in and optimized for a variety of applications. MeaningCloud allows users to merge any number of resources (dictionaries, taxonomies, sentiment models, etc.) to adjust for their personal requirements.
How to Do Brand Sentiment Analysis
This simple MonkeyLearn tutorial will walk you through creating a personalized sentiment analysis model that you can use to monitor sentiment on social media.
Sign up for free to instantly access pre-trained models, then follow this step-by-step guide to learn how to dive into creating and training your own model for your specific needs.
Create your sentiment analysis model:
- Choose a model type
Once you’ve signed up, go to the MonkeyLearn dashboard and click ‘Create a model’ then click ‘Classifier’:
- Choose your classification
To carry out sentiment analysis of your brand, you’ll need to choose Sentiment Analysis’:
- Import your data
This step shows the many integrations that can be used to import data to train your machine learning model. In this case, we’ll choose Twitter. However, if you have gathered tweets in CSV or Excel files, feel free to upload those:
- Search for tweets mentioning your brand
Here, if you’re using our Twitter integration, you can filter your tweets by just those mentioning your brand. For this tutorial, we’ll search for ‘Zendesk’. Next, choose the column you’d like to use (often the text of the tweet).
- Tag tweets to train your sentiment classifier
Now we begin training for brand sentiment analysis. You’ll manually tag each tweet as Positive, Negative, or Neutral, based on the polarity of opinion. Once you’ve tagged the first tweets, the model will begin making predictions. You can change them if the prediction is incorrect:
- Test your classifier
Once your model has been trained with a few examples, you can paste your own text to see how it’s classified:
MonkeyLearn shows stats to follow the performance of your brand sentiment classifier for accuracy, F1 score, precision, and recall. The keyword cloud gives a helpful visual reference to show the most used terms for each sentiment.
You may need to tag more data to improve accuracy of your model. In this example below, we need more data for the Negative category.
The more data your tag, the more properly trained your classifier becomes. You can improve accuracy by searching for false positives and false negatives and re-tagging them correctly. Here’s how:
- Put your model to work for your brand
Once trained, your model can begin to analyze thousands of tweets in seconds! MonkeyLearn offers a few different options to integrate your Twitter data with your new brand sentiment model:
- Batch Processing: simply upload a CSV or Excel file with new tweets. Your classifier will process them immediately and provide a new file with sentiment analysis results.
- Integrations: MonkeyLearn offers a number of easy-to-use integrations for your brand sentiment analysis. For example, you can use Google Sheets to input data or Zapier to connect a data source (such as Twitter) directly to MonkeyLearn.
- API: if you’re a coder, or have one on your team, you can use MonkeyLearn’s simple API to analyze your tweets.
Let’s Sum Up!
Brand sentiment analysis is a valuable technique to find out exactly how the public feels about your brand at any given moment. There are a number of powerful machine learning tools you can implement to get the information you need.
Take advantage of all the useful opinions about your brand that are just waiting to be mined with sentiment analysis. MonkeyLearn has you covered with user-friendly tools.
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