Online Product Reviews About An Item 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% higher than the same item without reviews.

Source: Spiegel Research Center

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

Online review data make it clear people aren't pleased with ratings alone.

Consumer reviews make the stats appear more genuine which is what the potential customers are searching for. Nearly a third of consumers state composed reviews are the only function that makes them believe the websites' reviews are helpful and appropriate.

Source: Fan and Fuel

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

Keeping in touch with your customers establishes trust. Even something as basic as responding to their comments and reviews can make them feel valued.

As you may anticipate, customers who feel this way are more willing to invest more money with a company.

Source: Statuslabs

98% Of Yelp's Browsers Bought From A Business They Found On The Website

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

Source: RevLocal

More Than Half Of Individuals Aged 25 To 34 Published Reviews

According to Statista, the more youthful generations are unsurprisingly the more opinionated ones.

Source: Statista

70 Percent Of Customers Need To Read At Least Four Reviews Before They Can Trust A Business

Four reviews may be too few. The majority of people read a lot more reviews to get a better idea of how the business is in fact doing. Do not depend on that statistic alone.

Source: Brightlocal

90 Percent Of Clients Require Less Than 10 Reviews To Form A Viewpoint About A Business

You know what individuals say about very first impressions?

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

Think about asking your visitors to compose one if you don't have reviews on your website.

Source: Martech Zone

86 Percent Of Consumers Would Consider Writing A Review For A Business

Your clients are your most valuable resource, and it's not only because of the money they invest at your business. If you give them a good experience, they will be willing to share it.

Source: Brightlocal

15 Percent Of Visitors Don't Trust Businesses Without Online Reviews

No trust indicates no interactions. 15 percent of possible customers will not even consider doing business with a company they can't find opinions about.

Source: Statuslabs

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

Reputation management stats suggest a business's reputation doesn't impact simply the consumers. Prospective employees likewise look at rankings and read reviews.

Source: Deloitte

The Majority Of Popular Products Have A Typical Score Of 4.2 To 4.7

You can't make everybody delighted, which is why perfect 5 star scores are suspicious. Somebody always has a bit of a gripe. That's why it is unnatural to get perfect 5 star scores. Sometimes a lower rating in fact helps your overall score.

According to customer rating stats, conversion rates start to decrease as scores rise above 4.7.

Source: Spiegel Research Center

A One Star Increase In Rating Can Lead To A 5% To 9% Increase In Business Earnings

Businesses that treat customers honorably normally succeed, review websites help make sure of that.

Source: Statuslabs

Unfavorable Reviews Can Boost Conversion By As Much As 85 Percent

It sounds insane, however negative reviews can be a positive force for users to spend more time on your site. According to online review data, individuals devote more than five times as long on a site when they read negative reviews.

When there are a mix of negatives and positives, more than two-thirds of users trust reviews more. A frustrating 95% suspect censorship or fabricated reviews if there aren't any unfavorable ones.

Source: Reevoo