Online Product Reviews About A Product Can Raise Its Conversion Rate By An Unprecedented 270%

User review statistics show the purchase possibility for a product with 5 reviews is 270% higher than the exact same item without reviews.

Source: Spiegel Research Center

77% Of Consumers Would Most Likely Leave A Review If They Were Asked

More than a 35% would submit a review to advise others about their client experience and 24% would definitely direct their review to the company itself.

Over a 26% would be willing to submit a review to help other people with their decision making process.

Source: Podium

A Solitary Business Review Can Lift Its Conversions By 10 Percent

Online review stats show user-generated content can do wonders in regards to conversions.

A single review can have a massive impact on your business.

A hundred reviews can increase your conversion rates by as much as 37%. Two hundred can provide a mind-blowing 44% boost.

Source: RevLocal

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

Normally, 142 million customers visit Yelp on a monthly basis. If you haven't declared your complimentary Yelp business page, this is as excellent a time as any.

Source: RevLocal

88% Of Executives Consider Reputation Risk As A Top Business Concern

Reputation management stats suggest a business's reputation doesn't affect just the consumers. Potential employees likewise look at rankings and take a look at reviews.

Source: Deloitte

91% Of Millennials Depend On Online Reviews As Much As Loved Ones

Online review statistics place consumers' reviews as the most credible source of recommendations. Online reviews normally carry the exact same weight as suggestions from friends and family.

Source: Brightlocal

49% Of Customers Consider The Number Of Online Reviews As A Vital Consideration Of Their Buying Decision

Customers value not just the quality or nature of the reviews, but they consider their number and recency also.

The share of clients, who take notice of the variety of reviews is presently at 46%.

Source: Brightlocal

More Than Half Of Shoppers Aged 25-34 Wrote Reviews

According to Statista, the more youthful generations are plainly the more opinionated ones.

Source: Statista

91% Of Businesses Think The Company's Star Rating Can Determine Whether They Win Or Lose A Potential Employee

The 86% of companies doubt the integrity of online reviews. However, they understand the enormous effect user rankings have on their business. Undesirable client or staff member reviews can influence 90% of job seekers.

Source: Career Arc

Just 44% Of Local Companies Have Accepted Their Google My Business Listing

That's 56 percent of your competition that aren't making the most of their listing.

While business listings on the significant review platforms are complimentary, a remarkably low number of companies in fact utilize them.

Although we now understand why consumer reviews are so effective, a lot of businesses obviously do not.

Source: LsaInsider

83% Of All Young Clients Were Asked To Give A Review Recently

Of those asked, 80% of consumers did submit a review. In general, businesses have asked 66% of all customers to leave a review on their company.

Source: Brightlocal

If It Has Less Than A 4 Star Score, More Than Half Of Consumers Won't Use A Service

This stat is among many that highlight the importance of online rankings. Now that news of customer satisfaction travels this quick, keeping your customers delighted is more vital than ever.

57% of customers have looked for business with more than 4 stars in 2018, which is up from 48 percent in 2017.

11% looked just for businesses with a best five star rating.

Source: Brightlocal

Reviews Are The Third Most Prominent Ranking Factor For Google's Local 3 Pack

Review signals (quantity, variety, and so on) account for 15.44% of Google's algorithm for local ranking.

Only Google My Business signals, like proximity and keywords account for 25.12%, and link signals at 16.53%, are more crucial than reviews as far as ranking factors go for the local 3 pack.

Source: Moz

53% Of Consumers Anticipate Businesses To Answer Back Within A Week To Unfavorable Reviews

Online review statistics prove that 63% of consumer reviews remain without a reply. That's regrettable, due to the fact that those businesses are losing customers that way.

Source: Review Trackers

Most Local Companies Have An Average Of 39 Google Reviews

Individuals like to share their experience after they have gone to a supplier. Online review trends reveal people choose to comment if they had a favorable experience, instead of a negative or average one.

Source: Brightlocal