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74% Of Regional Companies Have At A Minimum, One Google Review
A single review is far from sufficient to enhance your site's SERP ranking.
Looking at online ratings stats, we discovered that a company needs to have a minimum of 40 reviews before clients "Award" it with a star.
Source: Brightlocal
Online Reviews Impact 67.7% Of Customer Purchasing Decisions
More than 2 thirds of buyers concur online reviews are either a "Fairly decisive", "Very decisive", or "Absolutely decisive" part of their decision making experience.
Source: Moz
Consumers Could Spend 31 Percent More With A Business That Has Great Reviews
Pay attention to this statistic. The better other users describe your service or product, the more money you can charge and customer review stats show us precisely how much more.
Source: Martech Zone
Online Item Reviews About An Item Can Amplify Its Conversion Rate By More Than 270%
User review stats reveal the purchase likelihood for an item with five reviews is 270% higher than the same item without reviews.
Source: Spiegel Research Center
Reviews Are The Most Vital Part Of The Purchase Choice For Over 90% Of American Consumers
24% of US buyers consider reviews as 'extremely influential'.
To illustrate the value of online reviews and ratings, did you understand that 81% of customers will pay more for a product with reviews and those very same clients are likewise willing to accept slower shipping times for such products.
Source: Turntonetworks
Consumers Checking Out Reviews On A Mobile Device Are 127 Percent Most Likely To Buy Than Desktop Users
Mobile users choose to get things done faster. Therefore, purchasing decisions are made quickly.
Online reviews are certainly persuasive, yet marketers have not always come to appreciate the power of them.
Source: Martech Zone
More Than 4 Negative Reviews About A Company Or Product Might Decrease Sales By 70%
One negative review is enough for 35 percent of a site's visitors to choose not to buy. 3 negative reviews can cost a business 59 percent less sales.
Of course, they can be compensated by the sheer variety 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
89% Of Clients Want To Read Reviews On Their Mobile Devices
Be it by means of an app or a mobile internet browser, individuals choose to read reviews on their mobile devices.
Source: Statista
Many Best-selling Products Have An Average Score Of 4.2 To 4.7
You can't make everyone happy, which is why perfect 5 star ratings are suspicious. That's why it is abnormal to get perfect 5 star scores.
According to client rating stats, conversion rates begin to decrease as rankings rise above 4.7.
Source: Spiegel Research Center
70 Percent Of Customers Prefer To Discover A Business Through Reviews And Posts, Rather Than Ads
Advertisements are all well and good, but it's worth attempting a different approach also. Reviews are without a doubt the very best method to discover the truth about a product or service.
Source: Statuslabs
49% Of Consumers Consider The Number Of Online Reviews As A Necessary Consideration Of Their Buying Decision
Customers value not just the quality or nature of the reviews, but they consider their quantity and recency too.
The share of consumers, who take note of the number of reviews is presently at 46 percent.
Source: Brightlocal