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Before you make a purchase, do you look for reviews about the product online? If you encounter terrible customer service, do you complain via the internet? How about when you have a great shopping experience, do you post a glowing recommendation for the business? Most of us can answer yes to one or all of these questions as we want and value insight into real customer experiences with a business or product before we purchase.
Today, online reviews are essential for your small business as the majority of consumers read online reviews before making purchasing decisions. Check out these statistics below to discover how important online reviews are for your small business’ success.
With the majority of consumers searching the web for products/services, online reviews have become the next best thing to word-of-mouth. Check out some key statistics below that showcase the importance of online reviews in a consumer’s purchasing decision.
Consumers' reasons for writing reviews revolve around the customer experience.
According to a survey conducted by Dimensional Research, 90% of consumers admit their buying decisions are influenced by online reviews. Shoppers state that online reviews help them trust a brand and they expect a certain number of reviews per product when they search online.
What's more, according to a special report from Womply Research, businesses with more than 82 total reviews earn 54% more in annual revenue than average. In short, online reviews can drastically affect your bottom line. To learn more about how to collect online reviews, stay tuned for next week’s blog post!
At Igniting Business, our new reputation management services can help your small business manage online reviews and boost your search engine ranking. To learn more about our reputation management services, contact us today!