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A Lone Business Review Can Lift Its Conversions By 10 Percent
Online review stats reveal user-generated material can do wonders in regards to conversions.
A single review can have a massive impact on your business.
A hundred reviews can boost your conversion rates by as much as 37 percent. Two hundred can supply a mind-blowing 44 percent boost.
Source: RevLocal
86% Of Consumers Would Consider Writing A Review For A Business
Your customers are your most valuable resource, and it's not only because of the money they spend at your business. They will be ready to share it if you give them a great experience.
Source: Brightlocal
88% Of Executives Judge Reputation Risk As A Top Business Issue
Reputation management stats suggest a company's reputation doesn't affect just the customers. Prospective employees likewise take a look at scores and read reviews.
Source: Deloitte
15% Of Clients Don't Trust Businesses Without Having Online Reviews
No trust suggests no interactions. 15 percent of possible clients won't even think about doing business with a business they can't find opinions about.
Source: Statuslabs
Almost All Customers, Who Use Online Reviews, Read Them Early In The Buying Process
Let's say you wish to buy a new vehicle and there are several models which fit your requirements. How do you select the best one for you? Well, you read reviews.
With the help of other customers, you quickly select a model that works for you. That's how positive reviews convert consumers into clients.
Source: Consumer Affairs
64 Percent Of Americans Agree That User-generated Content (consumer Reviews) Improved Their Shopping Experience In 2017
30 percent of consumers who read consumer reviews, agree that it increases their buying confidence.
Companies use the reviews to enhance their products and services.
"We all need people who will give us feedback. That's how we improve." -Bill Gates
Source: Statista
Reviews Are The Most Important Part Of The Purchase Choice For Over 90% Of United States Customers
24% of US buyers consider reviews as 'exceptionally influential'.
To highlight the value of online reviews and scores, did you understand that 81 percent of customers will pay more for an item with reviews and those very same consumers are also happy to accept slower shipping times for such products.
Source: Turntonetworks
72% Of Clients Will Not Take Action Before They Read Some Reviews
Irrespective of how appealing your marketing is, you still require customer reviews. There is no skirting around it. Customers are still happy to hear you out, however they rely on other individuals more.
Source: My Testimonial Engine
Unfavorable Reviews Can Improve Conversion By Up To 85 Percent
It sounds crazy, however negative reviews can be a positive factor for users to spend more time on your website. According to online review statistics, people devote more than 5 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. If there aren't any unfavorable ones, a frustrating 95 percent suspect censorship or faked reviews.
Source: Reevoo
49 Percent Of Consumers Consider The Quantity Of Online Reviews As An Important Factor In Their Buying Decision
Customers value not just the quality or nature of the reviews, however they consider their number and recency also.
The share of consumers, who focus on the variety of reviews is currently at 46 percent.
Source: Brightlocal
54% Of Americans Pay The Most Attention To The Average Star Score Of A Local Business
The star ranking is the first thing customers see. Still, users pay attention to other factors too, like the quantity, recency, length, and belief of reviews. Each of these alone affects more than a third of USA customers.
Source: Statista
The Majority Of Best Selling Items Have A Typical Rating Of 4.2 To 4.7
You can't make everyone happy, which is why perfect 5 star scores are suspicious. That's why it is abnormal to get perfect 5 star scores.
According to customer rating stats, conversion rates start to reduce as ratings rise above 4.7.
Source: Spiegel Research Center
The Majority Of Local Companies Have An Average Of 39 Google Reviews
People like to share their experience after they have visited a supplier. Online review trends show people choose to comment if they had a favorable experience, rather than a negative or mediocre one.
Source: Brightlocal