I had an interview earlier this week for Contact Magazine and the topic was corporate reputation management…especially in an age where consumer voices can really SCREAM thanks to social media and Web 2.0 realities.

Create a bad customer experience for someone today and you can almost bet that person will end of blogging, emailing, online chatting or youtubing about it. Never mind the just talking about it! And just as quickly they post and forward those emails, you can bet there will be a trail of media waiting to pounce.

But if you play your cards right and keep your head above the sand, you can use the good and the bad comments to your benefit. After all - it’s not just what you know, it’s what you do with what you know. It’s kind of like web analytics. It’s not just what the data reports, it’s what you do in terms of actioning the data.

To help tackle the beast and better manage corporate reputation, ClickZ just reported that Neilsen Online is about to launch a new services group to help marketers manage their reputations online. Part of the management process includes how to appropriately engage with social media. They’re not the first to step up, but the fact they’re doing it speaks to the significance of paying attention to what’s being said about your brand online.

Taking a step backwards this means really managing customer expectations - with exceptional service, quality, etc. And this applies to both online and offline. Do a good job here and you’ll minimize the bad comments while maximizing the good comments.

After all is said and done, you need to think about taking that step forward. And by this I mean, it’s impossible to please everyone all the time. So be ready for the bad comments. Anticipate them and have a plan. Be proactive vs reactive. Turn negatives into positives.

One of my favourite stories is told in a post I did on the return-o-meter over at shoeline.com. It’s easy to think that lots of returns are a bad thing…but not in this case. Take a read and you’ll see the power of turning negatives into positives.

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