88% Of Executives Judge Reputation Risk As A Leading Business Concern

Reputation management stats suggest a company's reputation doesn't impact just the consumers. Prospective team members also look at scores and read reviews.

Source: Deloitte

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

More youthful individuals understand the worth of being informed. User-generated material has an unassailable impact on customers.

If businesses think of the power of client 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 check out reviews.

Source: Brightlocal

If A Company Handles Problems Quickly And Efficiently, 95% Of Unsatisfied Clients Will Return To A Business

Clients don't expect you to be perfect. They do anticipate you to take care of things when they go wrong. If there is absolutely nothing else a business can do to solve a concern, a simple coupon can say "We are sorry" in a more appealing way.

Source: SocialMediaToday

Only 44 Percent Of Local Companies Have Actually 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 significant review platforms are complimentary, a surprisingly low number of businesses really utilize them.

Although we now know why consumer reviews are so effective, the majority of businesses obviously don't.

Source: LsaInsider

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

This stat is one of numerous that show the importance of online scores. Now that news of consumer fulfillment travels this fast, keeping your clients happy is more crucial than ever.

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

11 percent looked only for businesses with a best five star ranking.

Source: Brightlocal

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

Overall two thirds of businesses have excellent and outstanding rankings. Only 5% of businesses have a rating listed below 3 stars.

Source: Brightlocal

86 Percent Of Consumers Would Think About Composing A Review For A Business

Your consumers are your most valuable resource, and it's not just because of the money they spend at your business. If you provide a good experience, they will want to share it.

Source: Brightlocal

A One Star Boost In Ranking Can Lead To A 5% To 9% Boost In Business Profits

Businesses that treat consumers honorably normally succeed, review websites help ensure of that.

Source: Statuslabs

53% Of Consumers Anticipate Companies To Respond Within A Week To Unfavorable Reviews

Online review stats prove that 63% of customer reviews remain without a response. That's regrettable, since those companies are losing clients that way.

Source: Review Trackers

Reviews Shared On Twitter Can Grow Revenues By 6.46%

Online review data show that reviews shared on Twitter, do more to boost sales than those on any other social media platform.

Source: Yotpo

Google Represents 57.5 Percent Of All Reviews Around The World

Google remains 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 at 8.4%, Yelp with 6.6% and Others with 8.6%.

Source: Review Trackers

A Lone Business Review Can Lift Its Conversions By 10%

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

A single review can have a massive influence on your business.

A hundred reviews can raise your conversion rates by as much as 37%. 2 hundred can provide a mind-blowing 44 percent boost.

Source: RevLocal