15 Percent Of Users Don't Trust Businesses With No Online Reviews

No trust means no interactions. 15 percent of potential consumers will not even consider doing business with a company they can't discover opinions about.

Source: Statuslabs

If It Has Less Than A 4 Star Ranking, More Than Half Of Consumers Will Not Use A Company

This stat is among numerous that highlight the significance of online ratings. Now that news of client complete satisfaction travels this fast, keeping your clients delighted is more vital than ever.

57 percent of customers have actually looked for business with more than four stars in 2018, which is up from 48% in 2017.

Moreover, 11% looked only for services with a perfect five star ranking.

Source: Brightlocal

Online Item Reviews About A Product Can Increase Its Conversion Rate By An Unprecedented 270 Percent

User review stats reveal the purchase likelihood for a product with 5 reviews is 270% higher than the very same item without reviews.

Source: Spiegel Research Center

Clients Could Invest 31 Percent More With A Business That Has Excellent Reviews

Take notice of this fact. The better other users explain your product or service, the more cash you can charge and consumer review stats show us precisely how much more.

Source: Martech Zone

61 Percent Of Local Businesses Have A Typical Rating Of 4 Or 5 Stars

Generally two thirds of companies have exceptional and awesome scores. Just 5% of companies have a ranking below three stars.

Source: Brightlocal

More Than Four Negative Reviews About A Company Or Product Might Reduce Sales By 70%

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

Of course, they can be compensated by the large number 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

The Typical Review Length Has Gotten 65% Much Shorter Since 2010

Presently reviews are shorter, simpler, and more straight to the point. The length of a review in 2019 is proportionate to that of a tweet.

Source: Review Trackers

A Single Business Review Can Raise Its Conversions By 10%

Online review stats reveal user-generated material can do wonders in regards to conversions.

A single review can have an enormous effect on your business.

A hundred reviews can raise your conversion rates by as much as 37 percent. 2 hundred can offer an astonishing 44% boost.

Source: RevLocal

Just 44 Percent Of Local Companies Have Claimed Their Google My Business Listing

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

While business listings on the major review platforms are complimentary, a surprisingly low number of businesses really make use of them.

Although we now understand why consumer reviews are so effective, most businesses apparently do not.

Source: LsaInsider

Google Accounts For 57.5 Percent Of All Reviews Throughout The World

Google is in the lead here, followed by Facebook as a far-off second.

Here are the online reviews circulation rankings:

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

Source: Review Trackers

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

Your customers are your most important resource, and it's not just because of the money they invest at your business. They will be prepared to share it if you offer them a good experience.

Source: Brightlocal

Visitors Checking Out Reviews On A Mobile Device Are 127% Most Likely To Purchase Than Desktop Users

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

Online reviews are obviously persuasive, yet online marketers have not necessarily come to appreciate the power of them.

Source: Martech Zone

82% Of Customers Visit Review Sites Due To The Fact That They Want To Acquire A Product Or A Service And Wish To Get The Facts About The Businesses Products And Services.

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

Source: RevLocal

If A Business Manages To Solve Issues Rapidly And Efficiently, 95% Of Unsatisfied Customers Will Return To A Business

Clients don't expect you to be perfect. When things go wrong, they do expect you to deal with things. If there is nothing else a business can do to resolve a problem, a simple coupon can say "We're sorry" in a more appealing way.

Source: SocialMediaToday

One-half Of All Of The Millennial's "Always" Check Out Online Reviews For Businesses

More youthful people know the worth of being informed. User-generated material has an unassailable impact on consumers.

If businesses stop to consider the power of customer reviews over millennials, they will recognize what they've been missing out on. Older people are various though, only 6% of people aged 55 or older read reviews.

Source: Brightlocal

Almost All Customers, Who Utilize Online Reviews, Read Them Early On In The Buying Process

Let's say you wish to purchase a new vehicle and there are several models which fit your criteria. How do you choose the best one for you? Well, you read the reviews.

With the help of other customers, you manage to pick a model that works for you. That's how positive reviews convert customers into consumers.

Source: Consumer Affairs

53% Of Customers Expect Companies To Answer Back Within A Week To Unfavorable Reviews

Online review stats show that 63% of client reviews remain without a reaction. That's regrettable, since those businesses are losing customers that way.

Source: Review Trackers

64 Percent Of Americans Agree That User-generated Content (consumer Reviews) Enhanced Their Shopping Experience In 2017

30 percent of customers who check out consumer reviews, concur that it increases their purchasing confidence.

Businesses use the reviews to enhance their products or services.

"We all need people who will give us feedback. That's how we improve." -Bill Gates

Source: Statista