Online Product Reviews About An Item Can Amplify Its Conversion Rate By An Incredible 270%

User review stats show the purchase likelihood for a product with 5 reviews is 270 percent higher than the same item without reviews.

Source: Spiegel Research Center

64% Of Americans Concur That User-generated Content (client Reviews) Enhanced Their Shopping Experience In 2017

30 percent of customers who check out client reviews, concur that it increases their purchasing confidence.

Companies utilize the reviews to improve their products and services.

"We all need people who will give us feedback. That's how we improve." -Bill Gates

Source: Statista

86% Of Customers Would Consider Composing A Review For A Business

Your customers are your most important resource, and it's not just because of the cash they spend at your business. If you provide a great experience, they will want to share it.

Source: Brightlocal

98% Of Yelp's Website Visitors Bought From A Business They Found On The Website

Normally, 142 million customers go to Yelp on a monthly basis. If you haven't claimed your free Yelp business page, this is as great a time as any.

Source: RevLocal

Only 44% Of Local Businesses Have Accepted Their Google My Business Listing

That's 56 percent of your competition that aren't benefiting from their listing.

While business listings on the significant review platforms are totally free, a remarkably low number of companies actually make use of them.

Although we now know why client reviews are so effective, most businesses obviously don't.

Source: LsaInsider

61% Of Regional Businesses Have An Average Rating Of 4 To 5 Stars

Overall 2 out of 3 companies have exceptional and awesome ratings. Just 5% of companies have a ranking listed below three stars.

Source: Brightlocal

83% Of Clients Don't Trust Advertising

The traditional channels to reach customers aren't as prominent as they used to be. The majority of users who no longer trust advertisements pick to take notice of consumers' recommendations online.

Source: Statuslabs

90 Percent Of Users Require Less Than 10 Reviews To Form An Opinion About A Business

You understand what people say about very first impressions?

Users get their first impression of your businesses through reviews. Normally through less than 10 of them.

Think about asking your visitors to compose one if you don't have reviews on your site.

Source: Martech Zone

70 Percent Of Customers Need To Check Out A Minimum Of Four Reviews Before They Can Rely On A Business

4 reviews may be too few. Most people read much more reviews to get a better idea of how the business is actually doing. Do not depend upon that statistic alone.

Source: Brightlocal

More Than Four Negative Reviews About A Business Or Product Might Decrease Sales By 70 Percent

One negative review is enough for 35 percent of a website's visitors to choose not to buy. 3 negative reviews can cost a business 59 percent less sales.

Of course, they can be compensated by the large number of positive reviews you receive.

"It takes many good deeds to build a good reputation, and only one bad one to lose it." -Benjamin Franklin

Source: Martech Zone

Reviews Posted On Twitter Can Help Grow Revenues By 6.46 Percent

Online review data reveal that reviews shared on Twitter, do more to increase sales than those on any other social media platform.

Source: Yotpo

67% Of Customers Report Reviews Are A "Extremely Crucial" Factor When Picking A Service Provider

Reviews have a huge impact on their decision when consumers have to choose a service provider.

Source: DemandGenReport

The Majority Of Clients Aged 25-34 Submitted Reviews

According to Statista, the younger generations are obviously the more opinionated ones.

Source: Statista

Half Of All Of The Millennial's "Constantly" Read Online Reviews For Businesses

More youthful people know the value of being informed. User-generated content has an indisputable impact on consumers.

If businesses stop to consider the power of client reviews over millennials, they will recognize what they've been losing out on. Older people are various though, just 6% of people aged 55 or older check out reviews.

Source: Brightlocal

Over Half Of Customers Will Not Utilize An Organisation If It Has Less Than A 4 Star Rating

This stat is one of numerous that show the value of online ratings. Now that news of customer fulfillment travels this fast, keeping your consumers delighted is more vital than ever.

57% of consumers have actually looked for companies with more than four stars in 2018, which is up from 48 percent in 2017.

11% looked just for organizations with a perfect five star ranking.

Source: Brightlocal

53% Of Customers Expect Companies To Answer Back Within A Week To Unfavorable Reviews

Online review statistics clarify that 63% of customer reviews go on without a reply. That's too bad, because those companies are losing customers that way.

Source: Review Trackers

The Average Review Length Has Gotten 65% Shorter Since 2010

Currently reviews are much shorter, simpler, and more straight to the point. The word count of a review in 2019 is comparable to that of a tweet.

Source: Review Trackers