A Single Business Review Can Lift Its Conversions By 10 Percent

Online review statistics reveal user-generated content can do wonders in terms of conversions.

A single review can have a substantial impact on your business.

A hundred reviews can raise your conversion rates by as much as 37%. 2 hundred can offer a mind-blowing 44% increase.

Source: RevLocal

88% Of Executives Consider Reputation Risk As A Leading Business Issue

Reputation management statistics show a company's reputation doesn't impact simply the consumers. Potential team members also look at ratings and take a look at reviews.

Source: Deloitte

Clients Could Spend 31% More With A Business That Has Great Reviews

Take note of this fact. The better other users describe your service or product, the more cash you can charge and customer review statistics reveal to us precisely how much more.

Source: Martech Zone

Just 44 Percent 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 major review platforms are complimentary, a remarkably low number of businesses really use them.

Although we now know why consumer reviews are so effective, the majority of businesses apparently do not.

Source: LsaInsider

90 Percent Of Users Need Less Than 10 Reviews To Form A Viewpoint About A Business

You understand what individuals say about first impressions, right?

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

If you do not have reviews on your site, think about asking your visitors to write one.

Source: Martech Zone

74 Percent Of Regional Companies Have At Least One Google Review

A single review is far from adequate to improve your website's SERP ranking.

Looking at online scores statistics, we found out that a business requires to have approximately 40 reviews before buyers "Award" it with a star.

Source: Brightlocal

More Than Four Negative Reviews About A Business Or Product Might Reduce Sales By 70%

One negative review is enough for 35 percent of a site's visitors to decide not to purchase. 3 negative reviews can cost a business 59 percent less sales.

Obviously, they can be compensated by the sheer variety of positive reviews you get.

"It takes many good deeds to build a good reputation, and only one bad one to lose it." -Benjamin Franklin

Source: Martech Zone

67% Of Customers Report Reviews Are A "Extremely Crucial" Factor When Picking A Service Provider

Reviews have a massive impact on their decision when consumers have to choose a service provider.

Source: DemandGenReport

60% Of Consumers Consult Blog And Social Media Network Reviews On Their Mobile Devices Before Shopping

In-store purchasing is affected significantly by blogs and reviews on social media. With men being twice as likely to be affected than ladies.

Reviews and rating statistics show people value the viewpoint of peers more than any other material.

Source: Collective Bias

82% Of Customers Visit Review Websites Since They Want To Buy A Service Or A Product And Wish To Get The Truth About Business Products And Services.

Review websites are locations that people go to get the truth about a business, service or product . Users come since they have currently formed a buying decision. The majority of them (89 percent) purchase within a week of their visit. And 29 percent do so in 24 hours.

Source: RevLocal

Fifty Percent Of All Of The Millennial's "Always" Check Out Online Reviews For Businesses

Younger people understand the value of being informed. User-generated content has an indisputable effect on customers.

They will realize what they've been missing out on if businesses stop to think about the power of customer reviews over millennials. Older people are different though, just 6% of individuals aged 55 or older read reviews.

Source: Brightlocal

Online Reviews Impact 67.7% Of Customer Purchasing Decisions

More than two-thirds of customers agree online reviews are either a "Fairly decisive", "Very decisive", or "Absolutely decisive" part of their decision making experience.

Source: Moz

More Than Half Of Individuals Aged 25 To 34 Published Reviews

According to Statista, the more youthful generations are obviously the more vocal ones.

Source: Statista

30% Of Clients Feel Positive About A Business Which Reacts To Online Reviews

Communicating with your customers builds their trust. Even something easy like responding to their reviews and comments can make them feel appreciated.

As you may expect, clients who feel this way are going to invest more money with a business.

Source: Statuslabs

86% Of Consumers Would Think About Composing A Review For A Business

Your consumers are your most important resource, and it's not only because of the cash they spend at your business. If you provide an excellent experience, they will want to share it.

Source: Brightlocal

Many Best Selling Products Have An Average Rating Of 4.2 To 4.7

You can't make everybody pleased, which is why perfect 5 star scores are suspicious. Someone always has a little a gripe. That's why it is unnatural to get perfect 5 star scores. Sometimes a lower ranking actually helps your overall score.

According to consumer rating statistics, conversion rates start to reduce as scores rise above 4.7.

Source: Spiegel Research Center