Excellent reputation management builder advices right now? Case studies and theory can be misleading. Reality doesn’t always follow a logic, and there are always outliers. But there’s a growing body of benchmark data that proves that reviews do empirically lead to increased revenue. A study by the Harvard Business School found that online reviews can demonstrably impact your bottom line. Brands that are viewed positively have better sales, but even improving your star rating can have a positive effect on your sales. According to the study, a one-star improvement on Yelp.com leads to a boost of 5% to 9% on sales in the short term. Even a small improvement can have a massive impact. In a 2016 study, Revoo found that online reviews drive an average of 18% sales uplift, with benefits including increased conversion rates, order sizes and repeat order rates. And a landmark Berkeley study from as long ago as 2011 found that a half-star improvement for a restaurant made it 30% to 49% more likely to fill up at peak hours. If readers like what they see, they’ll show it with their wallets.
So then, how many people trust a business more after reading positive online reviews? As it turns out, that depends. Authenticity and transparency are important factors consumers look out for in reviews. As established in the previous statistic, reviews with perfect scores may do more harm than good. That aside, ecommerce owners should also avoid manipulating their reviews in any way. That includes censoring negative reviews. As online reviews statistics show, this is a practice that could greatly jeopardize business sales. As many as 62 percent of consumers say they will not support brands that engage in review censorship (Trustpilot, 2020). The same goes for fake reviews, which are present in countless websites including major review sites like Google and Amazon. Statistics show that 62 percent of consumers have no tolerance for fraudulent reviews and believe that they should be removed.
We recommend senior living and 55+ communities approach online reviews the same way they approach their marketing strategies. Every community should develop a reputation and review strategy that focuses on nurturing relationships with prospects, addressing their needs and meeting each person where they are in their individual purchase journey. Something to note, GMB has paused new reviews from appearing on local pages for the duration of the current coronavirus crisis. But that doesn’t mean you have to put the development of your community’s review strategy on hold. You can continue to work on your strategy for soliciting reviews for other sources like Facebook recommendations and Yelp. You can also continue to focus on supporting your community’s residents/homeowners and their families, as they continue to navigate these uncertain times, and provide a positive experience for those who you’re continuing to nurture.
Get a second chance with unhappy customers? A simple system to proactively collect and use feedback from all your customers. Solicit happy customers to share positive experiences on sites of your choice using automated email and text/sms.? Avoid negative reviews on social media and review sites with our easy to use system.? Reach unhappy customers before they leave a review by directing them through our review funnel.? A simple dashboard to manage all your customer reviews! Read even more details on company reviews online software.
Whether it’s an online review, a social media comment or a genuine conversation between consumers, positive word-of-mouth is regarded as the best advertising for your e-commerce business—and it’s a lot cheaper than traditional marketing! Let’s take a look at the role of user-generated content in e-commerce and why it’s invaluable. User-generated content & the importance of online reviews: First off, what exactly is user-generated content (UGC)? Regardless of social media having a huge impact on the outburst of UGC of late, it’s not a new thing.