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

User review statistics reveal the purchase probability for a product with five reviews is 270 percent higher than the exact same product without reviews.

Source: Spiegel Research Center

73 Percent Of Consumers Believe Consumer Reviews Are More Crucial Than Star And Number Ratings

Online review statistics make it clear people aren't satisfied with ratings alone.

Customer reviews make the stats appear more authentic which is what the would-be clients are searching for. Practically a 3rd of consumers say composed reviews are the only function that makes them believe the sites' reviews are helpful and pertinent.

Source: Fan and Fuel

53% Of Consumers Expect Businesses To Reply Within A Week To Negative Reviews

Online review stats reveal that 63% of client reviews go on without a reply. That's regrettable, due to the fact that those businesses are losing clients that way.

Source: Review Trackers

Google Accounts For 57.5 Percent Of All Reviews Around The Globe

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

These are the online reviews distribution rankings:

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

Source: Review Trackers

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

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

Just Google My Business signals, like distance and keywords account for 25.12%, and link signals at 16.53%, are more important than reviews as far as ranking factors go for the local 3 pack.

Source: Moz

Facebook Reviews Affect More Than 50 Percent Of Customers' Buying Decisions

Facebook is currently the most popular social network which can also influence our purchasing decisions.

According to social media reviews data, Facebook affects the majority of users' purchase decisions.

Facebook reviews statistics reveal that 4 out of five users are more likely to rely on a local business if it has positive reviews.

Source: RevLocal

Customers Might Spend 31 Percent More With A Business That Has Fantastic Reviews

Focus on this fact. The better other users describe your services or product, the more money you can charge and customer review stats show us precisely how much more.

Source: Martech Zone

71% Of Millennials Browse Customer Reviews Of Expert Services

Majority of all people in need of an expert service turn to online reviews.

According to online reviews data, 59% utilized online reviews to select a medical professional or a legal representative.

Younger people (age 18-35) are even more inclined to employ a professional based on online reviews. Only 19% of millennials will think about employing an attorney without any.

Source: Thomson Reuters

Users Reading Reviews On A Mobile Phone Are 127 Percent Most Likely To Purchase Than Desktop Users

Mobile users choose to get things done faster. Therefore, purchasing decisions are made quickly.

Online reviews are obviously convincing, yet marketers haven't necessarily come to value the power of them.

Source: Martech Zone

30% Of Customers Feel Favorable To A Company Which Reacts To Online Reviews

Keeping in touch with your consumers creates trust. Even something as simple as reacting to their reviews and comments can make them feel appreciated.

As you might expect, customers who feel this way are ready to invest more cash with a business.

Source: Statuslabs

74% Of Local Businesses Have At Least 1 Google Review

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

Looking at online rankings data, we learnt that a company needs to have approximately 40 reviews before buyers "Award" it with a star.

Source: Brightlocal

89% Of Shoppers Want To Read Reviews Using Their Mobile Devices

Be it via an app or a mobile internet browser, individuals choose to read reviews on their smart phones.

Source: Statista

72% Of Customers Will Not Take Action Unless They Read Some Reviews

Irrespective of how attractive your marketing is, you still require customer reviews. There is no skirting around it. Customers are still willing to hear you out, however they rely on other individuals more.

Source: My Testimonial Engine

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

That's 56% of your competition that aren't benefiting from their listing.

While business listings on the significant review platforms are free, a surprisingly low number of companies actually make use of them.

Although we now know why consumer reviews are so effective, most businesses obviously do not.

Source: LsaInsider

Reviews Are The Most Important Part Of The Purchase Decision For Over 90% Of USA Clients

24% of US consumers consider reviews as 'exceptionally influential'.

To show the significance of online reviews and rankings, did you understand that 81% of consumers will pay more for a product with reviews and those same consumers are also ready to accept slower shipping times for such items.

Source: Turntonetworks

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

You understand what individuals say about impressions, right?

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

Consider asking your visitors to write one if you do not have reviews on your site.

Source: Martech Zone