Almost All Consumers, Who Utilize Online Reviews, Read Them Very Early In The Buying Process

Let's say you want to buy a brand-new vehicle and there are numerous models which fit your criteria. How do you pick the very best one for you? Well, you read reviews.

With the help of other consumers, you quickly select a model that works for you. That's how positive reviews convert consumers into consumers.

Source: Consumer Affairs

Just 44 Percent Of Local Companies Have Accepted Their Google My Business Listing

That's 56 percent of your competitors that aren't benefiting from their listing.

While business listings on the major review platforms are complimentary, a remarkably low number of companies actually utilize them.

Although we now understand why consumer reviews are so effective, the majority of businesses obviously don't.

Source: LsaInsider

Majority Of Customers Will Not Use A Business If It Has Less Than A 4 Star Ranking

This stat is among many that highlight the significance of online rankings. Now that news of customer satisfaction travels this quick, keeping your consumers pleased is more vital than ever.

57% of customers have actually looked for business with more than four stars in 2018, which is up from 48 percent in 2017.

11% looked only for organizations with a best five star score.

Source: Brightlocal

Since They Desire To Purchase A Product Or A Service And Want To Get The Truth About The Businesses Items And Services, 82 Percent Of Customers Visit Review Websites.

Review sites are places that customers go to get the facts about a item, service or business . Users come since they have actually already formed a purchase decision. The bulk of them (89%) buy within a week of their visit. And 29% do so in 24 hours.

Source: RevLocal

63.6% Of Customers Check Out Google To Read Reviews Of A Business

Considering the last statistic, it comes as a surprise that Yelp (45%) and TripAdvisor (30%) come second and third, leaving Facebook (23%) behind.

These online review stats reveal the basic appeal of a website can only go so far when it concerns trust.

Source: Review Trackers

83% Of Consumers Don't Trust Advertising

The conventional channels to reach clients aren't as prominent as they used to be. Most users who no longer trust ads select to focus on clients' suggestions online.

Source: Statuslabs

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

Reputation management stats show a business's reputation does not affect just the consumers. Potential team members also take a look at scores and take a look at reviews.

Source: Deloitte

Online Item Reviews About A Product Can Increase Its Conversion Rate By A Staggering 270 Percent

User review statistics reveal the purchase possibility for an item with 5 reviews is 270 percent higher than the same product without reviews.

Source: Spiegel Research Center

A One Star Increase In Ranking Can Lead To A 5% To 9% Increase In Business Revenue

Businesses that treat consumers fairly generally flourish, review sites help make sure of that.

Source: Statuslabs

52% Of Customers Rely On A Product More If It Has Unfavorable Reviews Too

We already touched upon the negative and positive reviews and their result on consumers. Nevertheless, all products have their faults, it raises red flags that maybe the reviews are phony if all of a products reviews are favorable. Customers expect to see some unfavorable reviews.

Source: Capterra

Reviews Are The Most Crucial Part Of The Purchase Decision For Over 90% Of US Customers

24% of US shoppers consider reviews as 'extremely influential'.

To show the importance of online reviews and ratings, did you know that 81% of consumers will pay more for an item with reviews and those very same consumers are likewise ready to accept slower shipping times for such items.

Source: Turntonetworks

90% Of Clients Need Less Than 10 Reviews To Form An Opinion About A Business

You understand what people say about first impressions?

Users get their first impression of your businesses through reviews. Usually through less than 10 of them.

If you do not have reviews on your site, consider asking your visitors to compose one.

Source: Martech Zone

Google Represents 57.5 Percent Of All Reviews Across The Globe

Google is in the lead here, followed by Facebook as a distant second.

These are the online reviews distribution rankings:

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

Source: Review Trackers