70% Of Consumers Need To Read At Least Four Reviews Before They Can Rely On A Business

4 reviews may be too few. Most people read much more reviews to get a clear view of how business is really doing. Don't depend upon that figure alone.

Source: Brightlocal

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

Facebook is presently the most popular social network which can likewise affect our purchasing decisions.

According to social reviews data, Facebook impacts over half of users' purchase choices.

If it has positive reviews, Facebook reviews statistics reveal that 4 out of 5 users are likely to trust a local business.

Source: RevLocal

When Buying Home Electronic Devices, 88% Of Americans Reported That Product Reviews Were The Most Prominent Element

Statistics reveal that reviews were more beneficial than TV ads at 37%, social media at 23% and display advertisements at 49%.

Source: Statista

73% Of Customers Believe Customer Reviews Are More Important Than Star And Number Ratings

Online review stats make it clear individuals aren't pleased with ratings alone.

Written reviews make the statistics appear more authentic which is what the prospective customers are trying to find. Almost a third of customers state composed reviews are the only function that makes them think the websites' reviews are pertinent and helpful.

Source: Fan and Fuel

83% Of All Young Customers Were Asked To Leave A Review Recently

Of those asked, 80% of consumers did submit a review. Overall, companies have asked 66% of all clients to submit a review on their company.

Source: Brightlocal

53% Of Customers Anticipate Companies To Respond Within A Week To Negative Reviews

Online review stats show that 63% of client reviews remain without a reply. That's regrettable, since those companies are losing customers that way.

Source: Review Trackers

52% Of Consumers Trust A Product More If It Has Negative Reviews As Well

We already discussed the negative and positive reviews and their effect on consumers. Nevertheless, all products have their faults, it raises red flags that perhaps the reviews are phony if all of a products reviews are favorable. People expect to see some negative reviews.

Source: Capterra

15% Of Consumers Do Not Trust Businesses Without Having Online Reviews

No trust indicates no interactions. 15% of prospective consumers will not even think about working with a business they can't discover viewpoints about.

Source: Statuslabs

88% Of Executives View Reputation Risk As A Top Business Issue

Reputation management stats suggest a company's reputation does not impact just the clients. Potential employees likewise take a look at rankings and read reviews.

Source: Deloitte

Online Product Reviews About A Product Can Boost Its Conversion Rate By More Than 270 Percent

User review stats show the purchase possibility for a product with five reviews is 270 percent higher than the exact same product without reviews.

Source: Spiegel Research Center

Google Accounts For 57.5 Percent Of All Reviews Across The Globe

As can be anticipated, Google is in the lead, followed by Facebook, TripAdvisor and others.

These are the online reviews circulation rankings:

Google with 57.5%, Facebook at 19%, TripAdvisor at 8.4%, Yelp at 6.6% and Others with 8.6%.

Source: Review Trackers

Reviews Are The Third Most Influential Ranking Element For Google's Local 3 Pack

Review signals (quantity, diversity, and so on) represent 15.44% of Google's algorithm for local ranking.

Only Google My Business signals, like proximity and keywords represent 25.12%, and link signals at 16.53%, are more crucial than reviews as far as ranking elements go for the local 3 pack.

Source: Moz