Online reputation management (ORM) may be defined as “a strategy and process of monitoring, identifying, and influencing your digital reputation and credibility online”. A well-conceived online reputation management strategy can also offer you fresh opportunities for increasing your brand awareness.
The Social Marketing Campaign of your business should incorporate all the major social platforms where your prospects proliferate. Social marketing networks connect you with prospects that can be converted into customers through social engagement.
Tremendous social marketing power is wielded by these major social networks which are driven by the people. Social networks are indeed the places where people meet to talk about anything and everything. There seems to be no subject that is not spoken of, and many times they ask their on line friends for purchase advice.
Users generally let others know what kind of products/service they received from your business. They can also comment on what they thought of your product/services. This means that your past customers have the power to make or ruin your business.
If your service is poor or if your product is inferior then your prospects will get to know them immediately through the social media and that will decide not to do business with you. If your service is not up to standard, the clients may tell the world about it. You have the onerous responsibility of protecting and preserving your online reputation on social media – particularly – LinkedIn, Twitter, Facebook, Pinterest, Instagram, Google Plus, Google Hangouts, Youtube etc.
If you are in business then you must make sure that your business is present on all the major Social Networks to exploit all business opportunities and you should simultaneously preserve your online reputation in all of them.
Persuade your happy clients to post honest reviews about your products/services. Please ensure that you directly contact any disgruntled customer and look into his /him complaints and take remedial measures. If you explain to a disgruntled customer and express regret, chances are he/she will delete the bad comment.
Please take steps to quickly erase the bad review before it is seen by everyone that matters to your business. Bad comments on social media can really hurt your business and your bottom line.
To get your professional social marketing campaign designed and setup as well as have reputation management for your business, there are several professional expect agencies whose services you can hire.

Reputation is everything since credibility matters for than anything! Great points!
Completely agree with you Daniel!
If you have a good communication strategy then bad reviews would not happen in the first place. To erase them when they are put there does not mean it did not happen