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We do our research and publish our results. Should probably call this the Growing Center.
What is the Importance of Online Reviews?
Negative online reviews have become the number one factor in consumers forming a bad opinion about a product or services. Data show that nine out of 10 consumers base purchase decisions on reviews and 80% of those buyers will change their purchasing decision based on negative evaluations. This is why having positive reviews for your business is so important to your success.
Here are a few stats for you about online usage:
92% of consumers now read online reviews: That is a lot of people reading a lot of reviews. Having positive reviews on your website can make customers feel positive about your business and your products.
63% of customers are more likely to make a purchase from a site which has user reviews: Whether your reviews are positive or negative, 63% of customers are purchasing from sites with reviews.
40% of consumers form an opinion by reading just one to three reviews: This is where one negative review can hurt your business. Making sure that you have positive reviews is important when only one to three reviews are being read by potential customers.
Star rating is the number one factor used by consumers to judge a business:
Only 14% of consumers would consider using a business with a one or two star rating. 57% of consumers would use a business with a three star rating.
94% of consumers would use a business with a four star rating. This just shows how important star rating can be to your consumer and the influence it is towards them making purchases.
Only 12% are prepared to read more than 10 reviews: If your lineup of reviews are not very positive then you have some work to do! Making sure that you have positive reviews in your top 10 is a must if only 12% of online researchers are reading past 10 reviews.
95% of consumers suspect censorship or faked reviews when they don’t see bad scores: This is a double edged sword in the world of online reviews. 86% of people will hesitate to purchase from a business that has negative online reviews
There will always be people that don’t like your product, or had a bad experience. Negative comments are NOT the end of the world, but it does show that your company is realistic and not censored.
Over half of young people aged 18 to 34 say they trust online reviews more than the opinions of friends and family: If this is your demographic that you are marketing to, then it shows how much your reviews can influence potential customers. With the younger generations online influences are a major factor when making decisions. Making sure that your reviews are positive has the potential to bring in consumers, or make them pass on your products.
Consumers who read reviews on a smartphone are 127% more likely to buy than those who read reviews on desktops: Making sure that your online presence is mobile friendly is a definite must. If a possible consumer goes to your website and can’t even view it from their mobile device, that’s a huge missed opportunity for a large number of possible customers.
Reviews produce an average of 18% uplift in sales: Over time that 18% uplift in sales can be very valuable to your business.
The three online platforms dedicated to reviews with the most global traffic are: Yelp, Tripadvisor and Foursquare: The number of reviews posted every minute by Yelp users is 26,380. That’s quite a large amount of reviews. As a business owner it might be hard and overwhelming to manage and read all the reviews that are coming into your business, especially if you are listed on more than one review website.
LOJO has a great Review Management service. They can help to recover unhappy customers early to prevent negative reviews, monitor customer reviews and turn positive reviews into automated SEO-friendly Web and social media content.
What is the Importance of Online Reviews?
Negative online reviews have become the number one factor in consumers forming a bad opinion about a product or services. Data show that nine out of 10 consumers base purchase decisions on reviews and 80% of those buyers will change their purchasing decision based on negative evaluations. This is why having positive reviews for your business is so important to your success.
Here are a few stats for you about online usage:
92% of consumers now read online reviews: That is a lot of people reading a lot of reviews. Having positive reviews on your website can make customers feel positive about your business and your products.
63% of customers are more likely to make a purchase from a site which has user reviews: Whether your reviews are positive or negative, 63% of customers are purchasing from sites with reviews.
40% of consumers form an opinion by reading just one to three reviews: This is where one negative review can hurt your business. Making sure that you have positive reviews is important when only one to three reviews are being read by potential customers.
Star rating is the number one factor used by consumers to judge a business:
Only 14% of consumers would consider using a business with a one or two star rating. 57% of consumers would use a business with a three star rating.
94% of consumers would use a business with a four star rating. This just shows how important star rating can be to your consumer and the influence it is towards them making purchases.
Only 12% are prepared to read more than 10 reviews: If your lineup of reviews are not very positive then you have some work to do! Making sure that you have positive reviews in your top 10 is a must if only 12% of online researchers are reading past 10 reviews.
95% of consumers suspect censorship or faked reviews when they don’t see bad scores: This is a double edged sword in the world of online reviews. 86% of people will hesitate to purchase from a business that has negative online reviews
There will always be people that don’t like your product, or had a bad experience. Negative comments are NOT the end of the world, but it does show that your company is realistic and not censored.
Over half of young people aged 18 to 34 say they trust online reviews more than the opinions of friends and family: If this is your demographic that you are marketing to, then it shows how much your reviews can influence potential customers. With the younger generations online influences are a major factor when making decisions. Making sure that your reviews are positive has the potential to bring in consumers, or make them pass on your products.
Consumers who read reviews on a smartphone are 127% more likely to buy than those who read reviews on desktops: Making sure that your online presence is mobile friendly is a definite must. If a possible consumer goes to your website and can’t even view it from their mobile device, that’s a huge missed opportunity for a large number of possible customers.
Reviews produce an average of 18% uplift in sales: Over time that 18% uplift in sales can be very valuable to your business.
The three online platforms dedicated to reviews with the most global traffic are: Yelp, Tripadvisor and Foursquare: The number of reviews posted every minute by Yelp users is 26,380. That’s quite a large amount of reviews. As a business owner it might be hard and overwhelming to manage and read all the reviews that are coming into your business, especially if you are listed on more than one review website.
LOJO has a great Review Management service. They can help to recover unhappy customers early to prevent negative reviews, monitor customer reviews and turn positive reviews into automated SEO-friendly Web and social media content.
Growing Businesses Since 2008
We have helped hundreds of businesses just like yours. Working for or along-side of business owner, managers, staff, or even board of directors, LOJO is ready to be an asset to your business.
Our team has been curated through the years for individual skills, personalities, and capabilities. Our clients put their trust in us to help them grow. We are here to do just that.
Growing Businesses Since 2008
We have helped hundreds of businesses just like yours. Working for or along-side of business owner, managers, staff, or even board of directors, LOJO is ready to be an asset to your business.
Our team has been curated through the years for individual skills, personalities, and capabilities. Our clients put their trust in us to help them grow. We are here to do just that.
Matthew Rogers, President
iProspect Check
After spending several months reviewing multiple proposals from several different companies we engaged LOJO to develop a new website that represents our company effectively. We worked initially with Stephen Platte who helped create the scope of the project. Stephen was knowledgeable and always followed up with me on time and as promised.
He "closed the deal" for LOJO with his professionalism, service orientation and easy going approach. Once we signed the contract we were introduced to Jay Kelly who would be the creative lead for LOJO. This was the most challenging part of the project for my company, as there was no shortage of ideas from our side. Jay managed the project flawlessly, and once we had all agreed to the design, Jay introduced us to Eric.
Eric Lay is one of the founders of LOJO. Eric took the design we had developed and brought it to life. We delivered content as quickly as he requested it. Eric kept the project on task and we responded by exceeding every deadline for content. In turn, once provided, literally not a day went by that Eric didn't add the content and take the next step. In just a few weeks we launched our new website. Eric is a pleasure to work with.
His positive attitude and consultative approach really enhanced the experience and made a big difference for us in the outcome of our project. We would welcome you to visit our website to take a look at the quality work of LOJO. We are very pleased with LOJO and look forward to working with them in the future as we pursue an aggressive SEO strategy."
After spending several months reviewing multiple proposals from several different companies we engaged LOJO to develop a new website that represents our company effectively. We worked initially with Stephen Platte who helped create the scope of the project. Stephen was knowledgeable and always followed up with me on time and as promised.
He "closed the deal" for LOJO with his professionalism, service orientation and easy going approach. Once we signed the contract we were introduced to Jay Kelly who would be the creative lead for LOJO. This was the most challenging part of the project for my company, as there was no shortage of ideas from our side. Jay managed the project flawlessly, and once we had all agreed to the design, Jay introduced us to Eric.
Eric Lay is one of the founders of LOJO. Eric took the design we had developed and brought it to life. We delivered content as quickly as he requested it. Eric kept the project on task and we responded by exceeding every deadline for content. In turn, once provided, literally not a day went by that Eric didn't add the content and take the next step. In just a few weeks we launched our new website. Eric is a pleasure to work with.
His positive attitude and consultative approach really enhanced the experience and made a big difference for us in the outcome of our project. We would welcome you to visit our website to take a look at the quality work of LOJO. We are very pleased with LOJO and look forward to working with them in the future as we pursue an aggressive SEO strategy."
Matthew Rogers, President
iProspect Check
The team at LOJO were wonderful to work with. They are well organized and very patient as we worked through our marketing strategy and developed a well thought out and clear action plan at a reasonable price. We will definitely be back for our future campaign needs."
Jon Crosby, Founder
Dazil
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