Build a great relationship with your customers, grow your business and explore the online world! 95% of people ageing between 18-34 go through the reviews for local businesses. Organizations, firms whether small scale or large scale having excellent reviews are more likely to influence customers in large numbers. 31% is the total estimation of the people who spend half of their time checking business positive reviews. In the age of digitization, a great customer experience matters a lot. Regardless of what products or services are; consumer’s reviews play a crucial role in every business enterprise. Based on the research taken by experts, 90 per cent of buying decisions are dependent on online reviews of past customers experiences. This article is all about brand identification, impacts of reviews on businesses and customers and you’ll get to know “how positive reviews will effectively affect your sales growth!”.
Online Reviews Are Essential for BRAND Reputation
Customers will directly head on to reviews before visiting any business or making any purchase. From electronic gadgets to beauty products, small enterprise or big firms, reviews are the foremost that every person sticks to. Positive reviews can significantly impact the sales as customers will first check out past experiences of people who have already made a purchase. If they find reviews accurate and reliable, they will further proceed with the product buying procedure. As customers can freely share their experience online, a business must take care of their opinions and work on the changes (if required in the organization) and will get to know what to improve.Impact of Positive Reviews on Businesses
- Positive reviews help people identify the brand status and products or services they offer to their customers.
- For every star that a business gets, increased revenue generation is a plus point for the firm. The revenue is said to be raised between 5%-9%.
- Building customer trust and helping them finalise their decision regarding product purchase is the major impact that affects business firms of big and small scale.
- People are more likely to spend on products or avail services that benefit them in long run. Consumers are more likely to spend around 31% of the amount on products or services.
- Based on the reports tested by Spiegal Research Center, it reflects reviews that can help in increasing sales by 270%.
- Fan and Fuel surveyed 97% of shoppers declares reviews influence buying decisions.
- Zendesk report states 88 per cent of customers gets more influenced in their purchasing decision.
Impact of Reviews on Customers
Building customer trust in the digital world is quite challenging. However, reviews help in bringing potential customers to the floor. Showing reviews on your website that fills customers with confidence draws a greater impact and ends up boosting a high conversion rate. -Stats- Based on the survey taken by Bright local, 85% of consumers trust reviews as much as personal recommendations.
- The Bright Local report declares 73 per cent of customers trust a local business after going through the positive reviews.
- The visit to the local business website counts 54% of customers when reading the positive review.
- According to the reports of Fan and Fuel, 68% of consumers look either at customer’s experience or problems the reviewer experienced when going through the past experiences of the people.