More Than 4 Negative Reviews About A Company Or Product Might Decrease Sales By 70%

One negative review is enough for 35 percent of a site's visitors to decide not to purchase. Three negative reviews can cost a business 59 percent fewer sales.

Of course, they can be compensated by the sheer number of positive reviews you receive.

"It takes many good deeds to build a good reputation, and only one bad one to lose it." -Benjamin Franklin

Source: Martech Zone

72 Percent Of Clients Won't Take Action Unless They Check Out Some Reviews

Regardless of how eye-catching your marketing is, you still require client reviews. There is no way around it. Clients are still going to hear you out, however they trust other people more.

Source: My Testimonial Engine

Most Best-selling Items Have An Average Score Of 4.2 To 4.7

You can't make everyone pleased, which is why perfect 5 star rankings are suspicious. Somebody always has a little a gripe. That's why it is unnatural to get perfect 5 star scores. Often a lower score really helps your overall rating.

According to client rating stats, conversion rates begin to reduce as ratings rise above 4.7.

Source: Spiegel Research Center

One-half Of All Millennial's "Always" Check Out Online Reviews For Businesses

More youthful individuals know the worth of being informed. User-generated content has an indisputable effect on customers.

If businesses think of the power of consumer reviews over millennials, they will recognize what they've been missing out on. Older individuals are various though, just 6% of individuals aged 55 or older check out reviews.

Source: Brightlocal

88% Of Executives Judge Reputation Risk As A Top Business Problem

Reputation management stats show a company's reputation doesn't impact just the customers. Prospective employees likewise look at scores and read reviews.

Source: Deloitte

The Average Review Word Count Has Actually Become 65% Shorter Since 2010

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

Source: Review Trackers

Due To The Fact That They Desire To Purchase An Item Or A Service And Desire To Get The Facts About The Businesses Items And Services, 82% Of Consumers Go To Review Sites.

Users come because they have actually currently formed a buying decision. The bulk of them (89%) buy within a week of their visit.

Source: RevLocal

Facebook Reviews Impact More Than 50% Of Customers' Purchasing Decisions

Facebook is currently the most popular social media which can likewise affect our purchasing decisions.

According to social reviews statistics, Facebook affects over half of users' purchase choices.

Facebook reviews statistics reveal that 4 out of five users are more likely to rely on a local business if it has favorable reviews.

Source: RevLocal

83% Of All Younger Consumers Were Asked To Leave A Review Recently

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

Source: Brightlocal

54% Of Americans Pay The Most Attention To The Typical Star Ranking Of A Local Organization

The star rating is the first thing consumers see. Still, users pay attention to other elements also, like the quantity, recency, length, and sentiment of reviews. Each of these alone influences more than a third of US consumers.

Source: Statista

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

Businesses that treat consumers well generally flourish, review websites help make sure of that.

Source: Statuslabs

70% Of Customers Need To Read A Minimum Of 4 Reviews Before They Can Trust A Business

Four reviews may be too few. Many people read much more reviews to get an idea of how the business is actually doing. Don't depend upon that fact alone.

Source: Brightlocal

71% Of Millennials Browse Customer Reviews Of Professional Services

Majority of all people in need of an expert service rely on online reviews.

According to online reviews data, 59% utilized online reviews to choose an attorney or a medical professional.

Younger people (age 18-35) are a lot more likely to work with an expert based upon online reviews. Only 19% of millennials will think about employing a legal representative without any.

Source: Thomson Reuters