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A One Star Increase In Ranking Can Cause A 5% To 9% Boost In Business Earnings
Businesses that treat consumers honorably usually flourish, review sites help ensure of that.
Source: Statuslabs
74 Percent Of Local Companies Have At Least 1 Google Review
A single review is far from sufficient to enhance your website's SERP ranking.
Taking a look at online ratings stats, we found out that a company needs to have approximately 40 reviews before people "Award" it with a star.
Source: Brightlocal
Customer Reviews On Products Are Trusted Nearly 12 Times More Than The Manufacturers' Descriptions
Word-of-mouth reviews are miles ahead of the producers' description. People trust other peoples opinions before they ever trust what the manufacturer says. The reason, makers' descriptions are generally advertisements.
Source: Martech Zone
30% Of Consumers Feel Favorable To A Company Which Answers Online Reviews
Corresponding with your consumers develops trust. Even something as basic as reacting to their comments and reviews can make them feel appreciated.
As you might anticipate, clients who feel this way are going to invest more money with a company.
Source: Statuslabs
Half Of All Millennial's "Constantly" Check Out Online Reviews For Companies
More youthful people understand the value of being informed. User-generated material has an indisputable impact on consumers.
If businesses think of the power of consumer reviews over millennials, they will recognize what they've been missing out on. Older people are various though, only 6% of individuals aged 55 or older check out reviews.
Source: Brightlocal
86 Percent Of Customers Would Consider Composing A Review For A Business
Your consumers are your most valuable resource, and it's not only because of the cash they invest at your business. If you give them a good experience, they will want to share it.
Source: Brightlocal
49% Of Consumers Consider The Number Of Online Reviews As An Important Consideration Of Their Buying Decision
Consumers value not just the quality or nature of the reviews, however they consider their number and recency too.
The share of consumers, who focus on the number of reviews is currently at 46%.
Source: Brightlocal
Reviews Are The 3rd Most Influential Ranking Factor For Google's Local 3 Pack
Review signals (quantity, diversity, 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 vital than reviews as far as ranking factors go for the local 3 pack.
Source: Moz
82% Of Customers Go To Review Websites Because They Want To Acquire An Item Or A Service And Wish To Get The Truth About The Businesses Product Or Services.
Review sites are places that customers go to get the truth about a business, service or item . Users come since they have actually already formed a purchase decision. The bulk of them (89%) purchase within a week of their visit. And 29% do so in 24 hours.
Source: RevLocal
98% Of Yelp's Visitors Purchased From A Business They Discovered On The Site
Generally, 142 million consumers visit Yelp every month. This is as great a time as any if you have not declared your totally free Yelp business page.
Source: RevLocal
53 Percent Of Americans Consider Item Reviews And Ratings As The Most Important Part Of Online Shopping.
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 buying decision.
Source: Statista
Online Item Reviews About An Item Can Improve Its Conversion Rate By More Than 270 Percent
User review statistics show the purchase possibility for a product with 5 reviews is 270 percent higher than the same product without reviews.
Source: Spiegel Research Center
If It Has Unfavorable Reviews As Well, 52% Of Customers Trust A Product More
We already discussed the positive and negative reviews and their result on consumers. Nevertheless, all products have their faults, it raises red flags that perhaps the reviews are phony if all of a products reviews are favorable. Customers expect to see some unfavorable reviews.
Source: Capterra