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Reviews Posted On Twitter Can Improve Online Sales By 6.46%
Online review statistics reveal that reviews shared on Twitter, do more to grow sales than those on any other social network.
Source: Yotpo
49 Percent Of Consumers Consider The Quantity Of Online Reviews As An Essential Consideration Of Their Purchasing Decision
Consumers value not just the quality or nature of the reviews, however they consider their quantity and recency also.
The share of consumers, who pay attention to the number of reviews is currently at 46%.
Source: Brightlocal
83% Of All Young Buyers Were Asked To Post A Review Recently
Of those asked, 80% of consumers did leave a review. In general, businesses have actually asked 66% of all consumers to leave a review on their company.
Source: Brightlocal
If It Has Negative Reviews As Well, 52% Of Consumers Trust A Product More
We already touched upon the negative and positive reviews and their effect on customers. However, all products have their faults, it raises red flags that maybe the reviews are fake if all of a products reviews are positive. Customers anticipate to see some unfavorable reviews.
Source: Capterra
70% Of Customers Need To Check Out A Minimum Of Four Reviews Before They Can Trust A Business
Four reviews may be too few. Most people check out much more reviews to get a better idea of how the business is in fact doing. Do not depend on that figure alone.
Source: Brightlocal
89% Of Individuals Want To Read Reviews On Their Cell Phones
Be it by means of an app or a mobile web browser, customers prefer to read reviews on their cell phones.
Source: Statista
A Solitary Business Review Can Raise Its Conversions By 10 Percent
Online review statistics reveal user-generated content can do wonders in terms of 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%. Two hundred can offer an astonishing 44 percent boost.
Source: RevLocal
91% Of Millennials Trust Online Reviews As Much As Family And Friends
Online review statistics place customers' reviews as the most credible source of suggestions. Online reviews normally carry the exact same weight as advice from loved ones.
Source: Brightlocal
More Than 4 Negative Reviews About A Business Or Product May Reduce Sales By 70%
One negative review suffices for 35 percent of a site's visitors to choose not to buy. 3 negative reviews can cost a business 59 percent less sales.
Naturally, 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
More Than Half Of Individuals Aged 25 To 34 Submitted Reviews
According to Statista, the younger generations are reportedly the more vocal ones.
Source: Statista
The Majority Of Popular Products Have An Average Score Of 4.2 To 4.7
You can't make everyone happy, which is why perfect 5 star scores are suspicious. That's why it is unnatural to get perfect 5 star ratings.
According to client rating stats, conversion rates begin to reduce as scores rise above 4.7.
Source: Spiegel Research Center
71% Of Millennials Browse Customer Reviews Of Expert Services
Over half of all individuals in need of an expert service rely on online reviews.
According to online reviews stats, 59% used online reviews to select a legal representative or a physician.
Younger people (age 18-35) are even more likely to work with an expert based on online reviews. Only 19% of millennials will think about hiring an attorney without any.
Source: Thomson Reuters
61% Of Regional Businesses Have A Typical Score Of 4 To 5 Stars
Overall two-thirds of businesses have exceptional and awesome rankings. Just 5% of companies have a score below 3 stars.
Source: Brightlocal