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88% Of Executives Consider Reputation Risk As A Leading Business Problem
Reputation management statistics suggest a business's reputation does not impact simply the customers. Potential employees also look at scores and read reviews.
Source: Deloitte
Consumer Reviews On Products Are Relied On Nearly 12 Times More Than The Makers' Descriptions
Word-of-mouth reviews are miles ahead of the manufacturers' description. Individuals trust other peoples viewpoints before they ever trust what the producer states. The reason, makers' descriptions are generally ads.
Source: Martech Zone
74 Percent Of Regional Companies Have At A Minimum, 1 Google Review
One review is far from enough to improve your site's SERP ranking.
Looking at online ratings stats, we discovered that a business needs to have approximately 40 reviews before clients "Award" it with a star.
Source: Brightlocal
15% Of People Do Not Trust Businesses Without Online Reviews
No trust means no interactions. 15% of potential consumers will not even think about working with a business they can't discover opinions about.
Source: Statuslabs
Reviews Published On Twitter Can Help Grow Online Sales By 6.46%
Online review stats reveal that reviews shared on Twitter, do more to boost sales than those on any other social network.
Source: Yotpo
Online Reviews Impact 67.7% Of Consumer Buying Decisions
More than two thirds of consumers concur online reviews are either a "Fairly decisive", "Very decisive", or "Absolutely decisive" part of their decision making process.
Source: Moz
91% Of Millennials Trust Online Reviews As Much As Loved Ones
Online review stats position consumers' reviews as the most credible source of suggestions. Online reviews usually carry the same weight as suggestions from loved ones.
Source: Brightlocal
More Than Four Negative Reviews About A Business Or Service May Reduce Sales By 70 Percent
One negative review suffices for 35% of a website's visitors to choose not to buy. Three negative reviews can cost a business 59% fewer sales.
Of course, they can be compensated by the sheer number of positive reviews you receive.
"It takes many good deeds to build a good reputation, and only one bad one to lose it." -Benjamin Franklin
Source: Martech Zone
Facebook Reviews Impact More Than 50 Percent Of Consumers' Buying Decisions
Facebook is presently the most popular social network which can also affect our buying preferences.
According to social media reviews data, Facebook affects over half of users' purchase choices.
If it has positive reviews, Facebook reviews statistics expose that 4 out of five users are likely to trust a local business.
Source: RevLocal
A Single Business Review Can Lift Its Conversions By 10%
Online review statistics show user-generated content can do miracles in terms of conversions.
A single review can have a huge effect on your business.
A hundred reviews can increase your conversion rates by as much as 37 percent. Two hundred can provide an astonishing 44% boost.
Source: RevLocal
83% Of All Younger Clients Were Invited To Leave A Review Recently
Of those invited, 80% of customers did leave a review. In general, businesses have asked 66% of all consumers to give a review on their business.
Source: Brightlocal
Online Item Reviews About A Product Can Boost Its Conversion Rate By More Than 270%
User review statistics show the purchase likelihood for a product with five reviews is 270 percent higher than the exact same item without reviews.
Source: Spiegel Research Center
Half Of All Of The Millennial's "Always" Check Out Online Reviews For Companies
Younger individuals understand the worth of being informed. User-generated material has an unassailable effect on consumers.
If businesses think of the power of consumer reviews over millennials, they will understand what they've been missing out on. Older people are various though, just 6% of people aged 55 or older check out reviews.
Source: Brightlocal
A One Star Increase In Rating Can Cause A 5% To 9% Boost In Business Income
Businesses that treat customers well generally flourish, review sites help ensure of that.
Source: Statuslabs