20% Statistics proving the power of customer reviews

Customer
reviews have become very important to businesses in recent years.
People now have access to the internet, and with that comes the
ability to shop around. We at trustanalytica.com
are in prime position to help our customers get the reviews they
need.
93%
of customers from a local area use online reviews to determine if
they should go to a local business for their needs
92%
of Business to Business customers are more likely to go through with
a purchase when they read positive reviews of the other business
Having
five or more positive reviews for your business means that people
are more likely to buy from you - four times as likely!
Verified
reviews mean more to customers than anonymous ones – customers are
15% more likely to buy something if they can see a named comment
Improving
your reviews on Yelp by one star across the board of your reviews
can increase business revenue by anything from 5% to 7%
Looking
at positive reviews on any platform can mean that a customer will
spend up to 31% more in the business they are patronising
If
customers need to choose between two products that are similar, they
will choose the product which has the most reviews, and positive
ones
Reviews
make people feel more confident. Up to 71% of people said they would
feel safer buying something that had good reviews attached to it
Positive
reviews bring in customers. 88% of customers say that they use
reviews to determine whether or not to buy a particular item
Having
any kind of positive reviews can result in an 18% increase in your
sales
Online
reviews are very important – nearly 94% of people read them,
online or otherwise
95%
of people read reviews – and look for positive ones – before
they go to make a purchase
Up
to 72% of potential customers don’t make any move until they have
compared the reviews of the product they want
Any
business that wants to increase revenue should display their
positive reviews – this is shown to increase sales by up to 270%
Any
business that wants to shift higher-priced items should show the
reviews for that product! This is shown to increase sales in that
item by as much as 380%
The
three things that people mention when talking about their buying
decisions are: word of mouth advertising, personal research, and
product reviews
68%
percent of people say that it is good reviews which persuade them to
use one business over another
71%
of customers say that they feel more comfortable making purchases
when they can see positive reviews
Claiming
your reviews on different platforms can lead to an increase in sales
of more than 36% in many cases
Only
a small 3% of buyers say that they don’t take reviews into account
at all when they buy.
Reviews
are very important for your business. Make sure that you have good
reviews, and that you know how to use them. So many people use
reviews to make decisions these days. You will find that your
business does improve if you embrace that. Make sure that people
leave good reviews!
Published October 10, 2020
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