Software Application Reviews Influence Over 98 Percent Of All Buyers

18% of software buyers consider reviews to be a necessary factor in the purchase procedure. Software application reviews have no effect whatsoever on just 2% of consumers. Two thirds of them read more than 6 reviews to make up their mind and 14% of them read more than 20 reviews.

Source: Capterra

98 Percent Of Yelp's Website Visitors Purchased From A Business They Found On The Site

Usually, 142 million customers visit Yelp each month. This is as good a time as any if you have not declared your totally free Yelp business page.

Source: RevLocal

Reviews Are The Third Most Prominent Ranking Aspect For Google's Local 3 Pack

Review signals (amount, diversity, etc.) represent 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 vital than reviews as far as ranking aspects go for the local 3 pack.

Source: Moz

Due To The Fact That They Want To Purchase An Item Or A Service And Want To Get The Facts About The Businesses Items And Services, 82 Percent Of Consumers Visit Review Sites.

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

Source: RevLocal

83% Of All Younger Buyers Were Asked To Post A Review Recently

Of those invited, 80% of consumers did give a review. In general, businesses have asked 66% of all customers to post a review on their company.

Source: Brightlocal

54% Of Americans Pay The Most Attention To The Typical Star Ranking Of A Local Company

The star ranking is the first thing customers see. Still, users focus on other elements too, like the amount, recency, length, and belief of reviews. Each of these alone influences more than a 3rd of USA customers.

Source: Statista

Clients Might Spend 31 Percent More With A Business That Has Great Reviews

Focus on this statistic. The better other users explain your product and services, the more money you can charge and consumer review stats reveal to us exactly just how much more.

Source: Martech Zone

Only 44% 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 totally free, a surprisingly low number of businesses in fact utilize them.

Although we now know why consumer reviews are so effective, a lot of businesses obviously don't.

Source: LsaInsider

More Than Four Negative Reviews About A Business Or Service May Decrease Sales By 70%

One negative review suffices for 35% of a site's visitors to decide not to buy. 3 negative reviews can cost a business 59% fewer sales.

Naturally, they can be compensated by the large 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

70 Percent Of Consumers Prefer To Find Out About A Business Via Short Articles And Reviews, Rather Than Ads

Ads are all well and good, however it deserves trying a different approach as well. Reviews are without a doubt the very best method to find the truth about a product or service.

Source: Statuslabs

88% Of Executives Judge Reputation Risk As A Leading Business Concern

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

Source: Deloitte

Users Checking Out Reviews On A Mobile Phone Are 127 Percent Most Likely To Make A Purchase Than Desktop Users

Mobile users choose to get things done quicker. Therefore, buying decisions are made rapidly.

Online reviews are undoubtedly persuasive, yet marketers haven't necessarily come to appreciate the power of them.

Source: Martech Zone

67% Of Consumers Report Reviews Are A "Very Important" Factor When Selecting A Service Provider

Reviews have a huge effect on their decision when consumers have to pick a solution provider.

Source: DemandGenReport

A Lot Of Best Selling Products Have An Average Ranking Of 4.2 To 4.7

You can't make everyone delighted, which is why perfect 5 star rankings are suspicious. Somebody always has a bit of a gripe. That's why it is unnatural to get perfect 5 star rankings. Often a lower rating actually helps your overall rating.

According to customer rating statistics, conversion rates start to decrease as rankings rise above 4.7.

Source: Spiegel Research Center