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91% Of Millennials Rely On Online Reviews As Much As Family And Friends
Online review statistics place consumers' reviews as the most trustworthy source of suggestions. Online reviews generally bring the same weight as guidance from loved ones.
Source: Brightlocal
61% Of Local Businesses Have A Typical Ranking Of 4 To 5 Stars
Typically 2 out of 3 companies have good and outstanding ratings. Only 5% of companies have a score listed below three stars.
Source: Brightlocal
Most Best Selling Products Have A Typical Ranking Of 4.2 To 4.7
You can't make everybody delighted, which is why perfect 5 star ratings are suspicious. Somebody always has a bit of a gripe. That's why it is unnatural to get perfect 5 star scores. In some cases a lower ranking in fact helps your overall rating.
According to consumer rating statistics, conversion rates start to reduce as ratings rise above 4.7.
Source: Spiegel Research Center
Reviews Are The Most Vital Part Of The Purchase Choice For Over 90% Of USA Customers
24% of US shoppers consider reviews as 'incredibly influential'.
To highlight the importance of online reviews and ratings, did you understand that 81 percent of consumers will pay more for an item with reviews and those very same customers are also willing to accept slower shipping times for such items.
Source: Turntonetworks
63.6% Of Customers Visit Google To Check For Reviews Of A Business
Considering the last stat, it comes as a surprise that Yelp (45%) and TripAdvisor (30%) come second and third, leaving Facebook (23%) at the end.
When it comes to trust, these online review stats show the basic appeal of a website can only go so far.
Source: Review Trackers
If They Were Asked, 77% Of Customers Would Definitely Give A Review
More than a 35% would post a review to inform others about their client experience and 24% would most likely direct their review to the company itself.
Over a 26% would want to submit a review to help other people with their choice making process.
Source: Podium
91% Of Companies Believe The Business's Star Rating Can Determine Whether They Win Or Lose A Prospective Employee
The 86% of businesses doubt the integrity of online reviews. However, they understand the massive impact user scores have on their business. Undesirable consumer or employee reviews can affect 90% of job seekers.
Source: Career Arc
83% Of All Young Shoppers Were Asked To Post A Review Recently
Of those asked, 80% of customers did give a review. Overall, businesses have asked 66% of all consumers to post a review on their business.
Source: Brightlocal
74% Of Regional Businesses Have At Least One Google Review
A single review is far from sufficient to enhance your website's SERP ranking.
Looking at online rankings data, we found out that a business needs to have a minimum of 40 reviews before buyers "Award" it with a star.
Source: Brightlocal
Positive Reviews Encourage 68% Of Consumers To Choose A Local Business
Since the vast majority of consumers read reviews, you'd want yours to be appealing to new customers, right? Keep them short, sweet and positive.
"Kind words can be short and easy to speak, but their echos are truly endless." -Mother Teresa
Source: Brightlocal
Online Reviews Affect 67.7% Of Customer Purchasing Decisions
More than two-thirds of buyers concur online reviews are either a "Fairly decisive", "Very decisive", or "Absolutely decisive" part of their decision making experience.
Source: Moz
64 Percent Of Americans Concur That User-generated Content (customer Reviews) Improved Their Shopping Experience In 2017
30 percent of customers who read customer reviews, agree that it increases their purchasing confidence.
Companies utilize the reviews to enhance their products and services.
"We all need people who will give us feedback. That's how we improve." -Bill Gates
Source: Statista
49 Percent Of Consumers Consider The Number Of Online Reviews As An Important Consideration Of Their Purchasing Decision
Customers value not only the quality or nature of the reviews, however they consider their quantity and recency too.
The share of clients, who take note of the number of reviews is presently at 46 percent.
Source: Brightlocal
A One Star Boost In Rating Can Cause A 5% To 9% Increase In Business Earnings
Businesses that treat consumers fairly typically succeed, review websites help make sure of that.
Source: Statuslabs
88% Of Executives View Reputation Risk As A Top Business Concern
Reputation management stats show a company's reputation does not impact simply the customers. Prospective team members also look at rankings and take a look at reviews.
Source: Deloitte
Reviews Are The Third Most Influential Ranking Element For Google's Local 3 Pack
Review signals (amount, diversity, etc.) account for 15.44% of Google's algorithm for local ranking.
Just Google My Business signals, like distance and keywords represent 25.12%, and link signals at 16.53%, are more crucial than reviews as far as ranking aspects go for the local 3 pack.
Source: Moz