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

Reputation management stats indicate a business's reputation does not affect simply the clients. Prospective employees also take a look at scores and take a look at reviews.

Source: Deloitte

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

30% of consumers who check out customer reviews, concur that it increases their buying confidence.

Companies use the reviews to enhance their services and products.

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

Source: Statista

Fifty Percent Of All Of The Millennial's "Always" Read Online Reviews For Companies

More youthful people understand the worth of being informed. User-generated content has an indisputable influence on consumers.

They will realize what they've been missing out on if businesses stop to consider the power of consumer reviews over millennials. Older individuals are different though, just 6% of people aged 55 or older read reviews.

Source: Brightlocal

Online Product Reviews About A Product Can Amplify Its Conversion Rate By More Than 270 Percent

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

Source: Spiegel Research Center

90% Of Clients Need Less Than 10 Reviews To Form An Opinion About A Business

You know what people state about first impressions, right?

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

If you do not have reviews on your website, consider asking your visitors to compose one.

Source: Martech Zone

30% Of Customers Feel Positive About A Business Which Answers Online Reviews

Staying connected with your clients develops trust. Even something easy like reacting to their reviews and comments can make them feel appreciated.

As you might expect, clients who feel this way are going to spend more cash with a business.

Source: Statuslabs

A One Star Boost In Ranking Can Result In A 5% To 9% Increase In Business Revenue

Businesses that treat customers honorably typically prosper, review sites help ensure of that.

Source: Statuslabs

Consumers Might Invest 31% More With A Business That Has Fantastic Reviews

Take note of this statistic. The more detailed other users explain your product and services, the more money you can charge and customer review stats reveal to us precisely how much more.

Source: Martech Zone

If It Has Less Than A 4 Star Rating, More Than Half Of Customers Won't Use An Organisation

This stat is among numerous that highlight the value of online ratings. Now that news of client fulfillment travels this fast, keeping your consumers happy is more vital than ever.

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

11 percent looked only for services with an ideal five star score.

Source: Brightlocal

83% Of All Young Customers Were Invited To Submit A Review Recently

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

Source: Brightlocal

The Typical Review Length Has Become 65% Much Shorter Since 2010

These days reviews are much shorter, simpler, and more straight to the point. The length of a review in 2019 is similar to that of a twitter tweet.

Source: Review Trackers

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

Today's buyers are wary and want the best bang for their dollar. It's no wonder that they consider reading reviews as a big part of the purchasing decision.

Source: Statista