30% Of Consumers Feel Comfortable With A Company Which Answers Online Reviews

Corresponding with your customers develops trust. Even something as basic as reacting to their reviews and remarks can make them feel valued.

As you may expect, customers who feel this way are more willing to spend more cash with a business.

Source: Statuslabs

The Majority Of Best Selling Products Have A Typical Score Of 4.2 To 4.7

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

According to client rating stats, conversion rates begin to decrease as ratings rise above 4.7.

Source: Spiegel Research Center

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

That's 56 percent of your competition that aren't making the most of their listing.

While business listings on the major review platforms are free, a remarkably low number of companies really use them.

Although we now understand why client reviews are so powerful, most businesses obviously don't.

Source: LsaInsider

Customers Could Invest 31 Percent More With A Business That Has Great Reviews

Take note of this statistic. The better other users explain your service or product, the more cash you can charge and customer review statistics show us exactly how much more.

Source: Martech Zone

Online Product Reviews About A Product Can Amplify Its Conversion Rate By More Than 270 Percent

User review statistics reveal the purchase probability for an item with 5 reviews is 270 percent higher than the exact same item without reviews.

Source: Spiegel Research Center

88% Of Americans Reported That Product Reviews Were The Most Prominent Factor When Purchasing Home Electronic Devices

Stats reveal that reviews were more successful than Television advertisements at 37%, social networks at 23% and display ads at 49%.

Source: Statista

Due To The Fact That They Desire To Acquire A Service Or A Product And Want To Get The Facts About The Businesses Items And Services, 82% Of Consumers Go To Review Sites.

Review sites are places that customers go to get the truth about a service, item or business. Users come due to the fact that they have already formed a purchase decision. The majority of them (89 percent) buy within a week of their visit. And 29 percent do so in 24 hours.

Source: RevLocal

Negative Reviews Can Improve Conversion By Up To 85%

It sounds insane, however negative reviews can be a positive factor for users to spend more time on your site. According to online review data, people spend more than 5 times as long on a website when they check out negative reviews.

When there are a mix of negatives and positives, more than two-thirds of users trust reviews more. An overwhelming 95% suspect censorship or faked reviews if there aren't any negative ones.

Source: Reevoo

83% Of All Younger Buyers Were Invited To Leave A Review Recently

Of those asked, 80% of consumers did post a review. Overall, businesses have asked 66% of all clients to post a review on their company.

Source: Brightlocal

More Than Half Of Shoppers Aged 25-34 Wrote Reviews

According to Statista, the younger generations are clearly the more opinionated ones.

Source: Statista

70% Of Consumers Choose To Find Out About A Business By Means Of Reviews And Posts, Instead Of Ads

Advertisements are all well and good, however it's worth attempting a different approach too. Reviews are by far the very best method to discover the truth about a product or service.

Source: Statuslabs

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

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

Source: Deloitte