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

Reputation management statistics suggest a business's reputation doesn't impact simply the customers. Prospective employees also take a look at ratings and read reviews.

Source: Deloitte

15% Of Clients Do Not Trust Businesses Without Online Reviews

No trust suggests no interactions. 15% of potential consumers will not even think about doing business with a company they can't discover opinions about.

Source: Statuslabs

Consumers Might Spend 31 Percent More With A Business That Has Terrific Reviews

Take notice of this fact. The more detailed other users explain your product and services, the more money you can charge and consumer review statistics reveal to us exactly just how much more.

Source: Martech Zone

A Solitary Business Review Can Raise Its Conversions By 10%

Online review statistics show user-generated content can do miracles in terms of conversions.

A single review can have a huge effect on your business.

A hundred reviews can raise your conversion rates by as much as 37 percent. 2 hundred can provide an astonishing 44 percent increase.

Source: RevLocal

77% Of Consumers Would Undoubtedly Give A Review If They Were Asked

More than a 35% would leave a review to inform others about their consumer encounter and 24% would undoubtedly direct their review to the company itself.

Over a 26% would want to give a review to assist other people with their choice making process.

Source: Podium

Reviews Are The Most Essential Part Of The Purchase Choice For Over 90% Of USA Consumers

24% of US shoppers consider reviews as 'extremely influential'.

To illustrate the importance of online reviews and rankings, did you know that 81 percent of consumers will pay more for a product with reviews and those very same consumers are likewise happy to accept slower shipping times for such products.

Source: Turntonetworks

77% Of Users Do Not Trust Reviews That Are Older Than 3 Months

Customers don't care how good your product or service was in the past. Part of why online reviews matter is because they are relevant and fresh.

Consumers understand businesses lose their touch all the time, which is why most of them find older reviews irrelevant.

It is for this reason that companies should to be continuously asking for reviews.

Source: Statuslabs

The Majority Of Popular Products Have An Average Rating Of 4.2 To 4.7

You can't make everybody delighted, which is why perfect 5 star rankings are suspicious. Somebody always has a little bit of a gripe. That's why it is unnatural to get perfect 5 star rankings. In some cases a lower rating really helps your overall rating.

According to customer rating stats, conversion rates begin to reduce as scores rise above 4.7.

Source: Spiegel Research Center

67% Of Customers Claim Reviews Are A "Very Important" Factor When Picking A Solution Provider

Reviews have a massive effect on their decision when consumers have to select a service provider.

Source: DemandGenReport

53 Percent Of Americans Consider Item Reviews And Scores As The Most Crucial Part Of The Online Shopping Experience In 2018.

Today's buyers are wary and want the very best bang for their buck. It's no surprise that they consider checking out reviews as a big part of the purchasing decision.

Source: Statista

88% Of Americans Declared That Product Reviews Were The Most Prominent Factor When Buying Home Electronic Devices

Stats reveal that reviews were more helpful than TV advertisements at 37%, social networks at 23% and display ads at 49%.

Source: Statista

Customer Reviews On Items Are Relied On Almost 12 Times More Than The Makers' Descriptions

Word-of-mouth reviews are miles ahead of the manufacturers' description. People trust other individuals viewpoints before they ever trust what the maker states. The reason, manufacturers' descriptions are generally advertisements.

Source: Martech Zone

Almost All Customers, Who Utilize Online Reviews, Read Them Very Early In The Buying Process

Let's say you want to purchase a new automobile and there are numerous models which fit your criteria. How do you select the very best one for you? Well, you read online reviews.

With the help of other customers, you quickly decide on a model that works for you. That's how positive reviews convert customers into clients.

Source: Consumer Affairs

83% Of Consumers Do Not Rely On Advertising

The conventional channels to reach customers aren't as prominent as they utilized to be. Many users who no longer trust advertisements choose to take notice of clients' recommendations online.

Source: Statuslabs

Just 6 Percent Of Consumers Do Not Trust Customer Reviews At All

According to customer review data, a tremendous 19% of consumers constantly rely on online reviews and never a buy without checking out reviews first.

Source: Statista

A One Star Increase In Rating Can Result In A 5% To 9% Increase In Business Income

Businesses that treat clients honorably normally succeed, review websites help make sure of that.

Source: Statuslabs