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A Lone Business Review Can Raise Its Conversions By 10%
Online review stats reveal user-generated content can do wonders in regards to conversions.
A single review can have a massive effect on your business.
A hundred reviews can increase your conversion rates by as much as 37%. 2 hundred can offer an astonishing 44% boost.
Source: RevLocal
70 Percent Of Consumers Prefer To Learn About A Business By Means Of Short Articles And Reviews, Rather Than Advertisements
Ads are all well and good, however it deserves trying a different approach as well. Reviews are by far the very best way to find the truth about a service or product.
Source: Statuslabs
64 Percent Of Americans Agree That User-generated Content (customer Reviews) Enhanced Their Shopping Experience In 2017
30% of consumers who read customer reviews, agree that it increases their purchasing confidence.
Organizations use the reviews to improve their products and services.
"We all need people who will give us feedback. That's how we improve." -Bill Gates
Source: Statista
Majority Of Customers Will Not Utilize A Business If It Has Less Than A 4 Star Ranking
This stat is among lots of that show the significance of online ratings. Now that news of client fulfillment travels this quick, keeping your customers pleased is more vital than ever.
57% of customers have looked for companies with more than 4 stars in 2018, which is up from 48% in 2017.
Moreover, 11 percent looked just for organizations with a perfect five star rating.
Source: Brightlocal
67% Of Customers Report Reviews Are A "Extremely Crucial" Factor When Choosing A Solution Provider
Reviews have a huge effect on their decision when clients have to select a solution provider.
Source: DemandGenReport
Customer Reviews On Items Are Relied On Nearly 12 Times More Than The Makers' Descriptions
Word-of-mouth reviews are miles ahead of the manufacturers' description. People trust other individuals opinions before they ever trust what the manufacturer states. The reason, manufacturers' descriptions are generally advertisements.
Source: Martech Zone
A One Star Increase In Score Can Result In A 5% To 9% Increase In Business Income
Businesses that treat customers honorably normally prosper, review websites help make sure of that.
Source: Statuslabs
Reviews Are The 3rd Most Prominent Ranking Factor For Google's Local 3 Pack
Review signals (quantity, diversity, and so on) account for 15.44% of Google's algorithm for local ranking.
Google My Business signals, like distance and keywords account for 25.12%, and link signals at 16.53%, are more important than reviews as far as ranking aspects go for the local 3 pack.
Source: Moz
Google Represents 57.5% Of All Reviews Across The World
Google is the clear winner as far as circulation goes, however they are not the only ones in the game.
Here's the online reviews circulation rankings:
Google at 57.5%, Facebook at 19%, TripAdvisor with 8.4%, Yelp at 6.6% and Others with 8.6%.
Source: Review Trackers
74 Percent Of Local Companies Have At Least One Google Review
A single review is far from adequate to enhance your site's SERP ranking.
Looking at online rankings stats, we learnt that a company needs to have an average of 40 reviews before clients "Award" it with a star.
Source: Brightlocal
Only 44 Percent 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 free, a remarkably low number of businesses actually use them.
Although we now understand why customer reviews are so powerful, most businesses obviously don't.
Source: LsaInsider
49% Of Customers Consider The Number Of Online Reviews As An Essential Consideration Of Their Buying Decision
Customers value not only the quality or nature of the reviews, but they consider their number and recency too.
The share of consumers, who take notice of the variety of reviews is presently at 46 percent.
Source: Brightlocal
53% Of Consumers Expect Companies To Respond Within A Week To Negative Reviews
Online review stats show that 63% of consumer reviews go on without a reply. That's too bad, because those businesses are losing consumers that way.
Source: Review Trackers
90 Percent Of Users Need Less Than 10 Reviews To Form A Viewpoint About A Business
You understand what people state about very first impressions?
Users get their impression of your businesses through reviews. Generally through less than 10 of them.
If you don't have reviews on your site, think about asking your visitors to write one.
Source: Martech Zone