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A Solitary Business Review Can Lift Its Conversions By 10 Percent
Online review stats show user-generated material can do wonders in terms of conversions.
A single review can have a substantial effect on your business.
A hundred reviews can raise your conversion rates by as much as 37 percent. Two hundred can provide a mind-blowing 44% increase.
Source: RevLocal
Due To The Fact That They Desire To Purchase An Item Or A Service And Want To Get The Truth About The Businesses Products And Services, 82% Of Consumers Go To Review Websites.
Users come because they have already formed a purchase decision. The majority of them (89 percent) purchase within a week of their visit.
Source: RevLocal
53% Of Customers Expect Companies To Answer Back Within A Week To Negative Reviews
Online review statistics clarify that 63% of customer reviews go on without a response. That's too bad, due to the fact that those businesses are losing consumers that way.
Source: Review Trackers
Reviews Are The Most Important Part Of The Purchase Decision For Over 90% Of United States Customers
24% of US consumers consider reviews as 'extremely influential'.
To illustrate the value of online reviews and scores, did you know that 81 percent of customers will pay more for a product with reviews and those same clients are likewise going to accept slower shipping times for such items.
Source: Turntonetworks
30% Of Consumers Feel Comfortable With A Company Which Responds To Online Reviews
Staying connected with your clients develops trust. Even something as simple as reacting to their reviews and comments can make them feel valued.
As you may expect, customers who feel this way are going to spend more cash with a business.
Source: Statuslabs
The Majority Of Local Companies Have Approximately 39 Google Reviews
Individuals like to share their experience after they have visited a vendor. Online review trends show individuals prefer to comment if they had a favorable experience, instead of a unfavorable or mediocre one.
Source: Brightlocal
74 Percent Of Regional Businesses Have At A Minimum, One Google Review
One review is far from adequate to enhance your site's SERP ranking.
Looking at online ratings statistics, we learnt that a business needs to have at least 40 reviews before customers "Award" it with a star.
Source: Brightlocal
Fifty Percent Of All Of The Millennial's "Always" Check Out Online Reviews For Companies
Younger individuals know the value of being informed. User-generated content has an indisputable effect on consumers.
If businesses think of the power of consumer reviews over millennials, they will realize what they've been losing out on. Older people are different though, only 6% of people aged 55 or older check out reviews.
Source: Brightlocal
89% Of Consumers Browse A Businesses Reactions To Reviews
Not only do the majority of clients check out the review replies, 30% of them value them highly. Almost 96% read the replies to their own reviews.
Source: Brightlocal
Consumers Could Invest 31% More With A Business That Has Fantastic Reviews
Pay attention to this fact. The more detailed other users describe your product and services, the more money you can charge and customer review stats show us exactly how much more.
Source: Martech Zone
Only 44% Of Local Businesses Have Actually Claimed Their Google My Business Listing
That's 56 percent of your competitors that aren't benefiting from their listing.
While business listings on the significant review platforms are complimentary, a surprisingly low number of companies in fact make use of them.
Although we now know why customer reviews are so powerful, a lot of businesses apparently don't.
Source: LsaInsider
If It Has Negative Reviews As Well, 52% Of Consumers Trust A Product More
We already touched upon the negative and positive reviews and their effect on customers. However, all products have their faults, it raises red flags that maybe the reviews are fake if all of a products reviews are favorable. People expect to see some unfavorable reviews.
Source: Capterra
67% Of Customers Say Reviews Are A "Very Crucial" Factor When Selecting A Solution Provider
Reviews have a massive effect on their decision when consumers have to pick a solution provider.
Source: DemandGenReport