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Online Item Reviews About A Product Can Raise Its Conversion Rate By A Whopping 270%
User review stats reveal the purchase probability for an item with 5 reviews is 270% higher than the very same product without reviews.
Source: Spiegel Research Center
67% Of Consumers Suggest Reviews Are A "Very Important" Factor When Choosing A Service Provider
Reviews have an enormous impact on their decision when customers have to select a solution provider.
Source: DemandGenReport
53% Of Consumers Anticipate Companies To Answer Back Within A Week To Negative Reviews
Online review stats prove that 63% of customer reviews go on without a response. That's too bad, since those companies are losing clients that way.
Source: Review Trackers
More Than Four Negative Reviews About A Business Or Product Might Decrease Sales By 70%
One negative review suffices for 35 percent of a site's visitors to decide not to buy. 3 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
74 Percent Of Regional Companies Have At A Minimum, 1 Google Review
A single review is far from sufficient to improve your site's SERP ranking.
Looking at online rankings stats, we learnt that a company requires to have an average of 40 reviews before people "Award" it with a star.
Source: Brightlocal
Google Accounts For 57.5 Percent Of All Reviews Across The World
Google is in the lead here, followed by Facebook as a far-off second.
Here are the online reviews circulation rankings:
Google with 57.5%, Facebook with 19%, TripAdvisor at 8.4%, Yelp with 6.6% and Others with 8.6%.
Source: Review Trackers
Consumers Could Invest 31% More With A Business That Has Fantastic Reviews
Pay attention to this statistic. The better other users describe your product and services, the more cash you can charge and consumer review stats show us precisely just how much more.
Source: Martech Zone
77% Of Clients Do Not Rely On Reviews That Are Older Than 3 Months
Consumers don't care how excellent your service or product was in the past. Due to the fact that they are relevant and fresh, is part of why online reviews matter.
Consumers understand businesses lose their touch all the time, which is why most of them find older reviews unimportant.
It is for this reason that businesses should to be continuously asking for reviews.
Source: Statuslabs
A One Star Increase In Score Can Result In A 5% To 9% Increase In Business Earnings
Businesses that treat clients well typically succeed, review websites help ensure of that.
Source: Statuslabs
30% Of Clients Feel Favorable To A Business Which Responds To Online Reviews
Communicating with your clients creates trust. Even something like reacting to their reviews and comments can make them feel appreciated.
As you may expect, clients who feel this way are ready to spend more money with a business.
Source: Statuslabs
60% Of Customers Check Out Blog And Social Media Network Reviews On Their Mobile Devices Prior To Shopping
In-store shopping is influenced substantially by blogs and reviews on social networks. With men being twice as likely to be influenced than women.
Reviews and ranking stats reveal people value the opinion of peers more than any other material.
Source: Collective Bias