Half Of All Of The Millennial's "Constantly" Check Out Online Reviews For Companies

Younger people know the worth of being informed. User-generated content has an unassailable impact on consumers.

They will realize what they've been missing out on if businesses stop to think about the power of consumer reviews over millennials. Older people are different though, just 6% of individuals aged 55 or older check out reviews.

Source: Brightlocal

73 Percent Of Customers Believe Customer Reviews Are More Important Than Star And Number Scores

Online review stats make it clear individuals aren't pleased with scores alone.

Consumer reviews make the stats appear more genuine which is what the would-be clients are trying to find. Nearly a 3rd of customers state written reviews are the only feature that makes them think the websites' reviews are appropriate and useful.

Source: Fan and Fuel

Most Popular Items Have An Average Ranking Of 4.2 To 4.7

You can't make everyone pleased, which is why perfect 5 star ratings are suspicious. Somebody always has a little bit of a gripe. That's why it is abnormal to get perfect 5 star scores. In some cases a lower score in fact helps your overall score.

According to consumer rating stats, conversion rates begin to decrease as scores rise above 4.7.

Source: Spiegel Research Center

49% Of Customers Consider The Quantity Of Online Reviews As A Vital Factor In Their Buying Decision

Customers value not just the quality or nature of the reviews, however they consider their number and recency also.

The share of customers, who take note of the number of reviews is currently at 46 percent.

Source: Brightlocal

A One Star Increase In Score Can Cause A 5% To 9% Increase In Business Revenue

Businesses that treat clients honorably usually flourish, review websites help make certain of that.

Source: Statuslabs

Only 44% Of Local Companies Have Accepted Their Google My Business Listing

That's 56 percent of your competition that aren't taking advantage of their listing.

While business listings on the major review platforms are totally free, a remarkably low number of businesses actually use them.

Although we now understand why customer reviews are so effective, most businesses apparently don't.

Source: LsaInsider

More Than 4 Negative Reviews About A Business Or Service May Decrease Sales By 70 Percent

One negative review is enough for 35 percent of a site's visitors to decide not to buy. Three negative reviews can cost a business 59 percent less sales.

Of course, they can be compensated by the large variety 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

A Lone Business Review Can Lift Its Conversions By 10%

Online review stats reveal user-generated content can do wonders in regards to 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 supply a mind-blowing 44% increase.

Source: RevLocal

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

Let's say you wish to buy a brand-new car and there are numerous models which fit your criteria. How do you select the very best one for you? Well, you read reviews.

With the help of other people, you quickly choose a model that works for you. That's how positive reviews convert consumers into consumers.

Source: Consumer Affairs

If It Has Less Than A 4 Star Score, More Than Half Of Consumers Won't Utilize A Business

This stat is among numerous that highlight the significance of online scores. Now that news of client satisfaction travels this quick, keeping your clients delighted is more crucial than ever.

57 percent of customers have actually looked for business with more than 4 stars in 2018, which is up from 48 percent in 2017.

Furthermore, 11 percent looked just for organizations with an ideal five star rating.

Source: Brightlocal

61 Percent Of Regional Businesses Have A Typical Ranking Of 4 To 5 Stars

Overall two thirds of businesses have excellent and good rankings. Just 5% of businesses have a ranking listed below three stars.

Source: Brightlocal

15% Of Clients Do Not Trust Businesses Without Online Reviews

No trust suggests no interactions. 15 percent of possible clients will not even consider working with a company they can't find viewpoints about.

Source: Statuslabs