91% Of Companies Believe The Company's Star Rating Can Determine Whether They Win Or Lose A Possible Employee

The 86% of businesses doubt the integrity of online reviews. However, they recognize the huge effect user ratings have on their business. Undesirable client or staff member reviews can affect 90% of job seekers.

Source: Career Arc

88% Of Executives View Reputation Risk As A Leading Business Problem

Reputation management statistics suggest a business's reputation does not impact simply the clients. Prospective employees likewise take a look at ratings and read reviews.

Source: Deloitte

Almost All Consumers, Who Utilize Online Reviews, Read Them Early On In The Purchasing Process

Let's say you want to buy a brand-new car and there are a number of models which fit your requirements. How do you select the very best one for you? Well, you read online reviews.

With the help of other customers, you quickly pick one that works for you. That's how favorable reviews transform customers into customers.

Source: Consumer Affairs

74% Of Regional Companies Have At Least 1 Google Review

One review is far from enough to improve your site's SERP ranking.

Taking a look at online ratings stats, we learnt that a company requires to have approximately 40 reviews before consumers "Award" it with a star.

Source: Brightlocal

63.6 Percent Of Customers Visit Google To Read Reviews Of A Business

Thinking about the last statistic, it comes as a surprise that Yelp (45%) and TripAdvisor (30%) come 2nd and 3rd, leaving Facebook (23%) behind.

These online review statistics show the general popularity of a website can only presume when it comes to trust.

Source: Review Trackers

Just 44% Of Local Companies Have Actually Claimed Their Google My Business Listing

That's 56% of your competitors that aren't taking advantage of their listing.

While business listings on the significant review platforms are complimentary, a remarkably low number of businesses in fact make use of them.

Although we now know why customer reviews are so powerful, most businesses obviously do not.

Source: LsaInsider

Software Application Reviews Impact Over 98% Of All Buyers

18% of software application purchasers consider reviews to be an important factor in the purchase procedure. Software reviews have no effect whatsoever on just 2 percent of customers. Two-thirds of them read more than 6 reviews to make up their mind and 14 percent of them read more than 20 reviews.

Source: Capterra

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

Businesses that treat clients honorably normally flourish, review websites help ensure of that.

Source: Statuslabs

Online Item Reviews About An Item Can Amplify Its Conversion Rate By More Than 270%

User review stats reveal the purchase probability for a product with five reviews is 270% higher than the very same product without reviews.

Source: Spiegel Research Center

77% Of Customers Would Give A Review If They Were Asked

More than a 35% would leave a review to notify others about their customer encounter and 24% would most likely direct their review to the business itself.

Over a 26% would be willing to leave a review to assist other individuals with their choice making process.

Source: Podium

Half Of All Millennial's "Constantly" Check Out Online Reviews For Companies

Younger individuals understand the value of being informed. User-generated material has an indisputable impact on consumers.

If businesses stop to consider the power of client reviews over millennials, they will understand what they've been missing out on. Older people are various though, only 6% of people aged 55 or older read reviews.

Source: Brightlocal

77% Of Customers Don't Rely On Reviews That Are Older Than Three Months

Consumers don't care how good your product or service was in the past. Part of why online reviews matter is due to the fact that they are relevant and fresh.

Consumers understand businesses lose their touch all the time, which is why most of them consider older reviews irrelevant.

It is for this reason that businesses need to be continuously requesting reviews.

Source: Statuslabs

Unfavorable Reviews Can Boost Conversion By As Much As 85%

It sounds crazy, but negative reviews can be a positive factor for users to devote more time on your website. According to online review statistics, people devote more than five times as long on a website when they read negative reviews.

When there are a mix of positives and negatives, more than two-thirds of users trust reviews more. A frustrating 95% suspect censorship or fabricated reviews if there aren't any unfavorable ones.

Source: Reevoo

53% Of Customers Expect Businesses To Respond Within A Week To Negative Reviews

Online review stats reveal that 63% of consumer reviews go on without a reply. That's regrettable, because those companies are losing consumers that way.

Source: Review Trackers

70 Percent Of Consumers Need To Check Out A Minimum Of Four Reviews Before They Can Trust A Business

4 reviews may be too few. The majority of people read many more reviews to get an idea of how business is really doing. Don't depend upon that statistic alone.

Source: Brightlocal

91% Of Millennials Have Faith In Online Reviews As Much As Loved Ones

Online review stats put clients' reviews as the most reliable source of recommendations. Online reviews usually bring the same weight as recommendations from friends and family.

Source: Brightlocal