When people have to make a purchase, they look at ratings and reviews first. The decision-making process for consumers now heavily relies on online reviews.
According to a BrightLocal survey, Nowadays, 92% of shoppers check online reviews. 88% of consumers trust online reviews just as much as personal advice.
Value of Online Reviews
Technology has boosted the number of online customer reviews. Not just it is important for big companies but even small local businesses must regularly maintain their online reputation and keep an eye on consumer feedback.
Here are some of the benefits of having reviews for your online business.
1. Improves customer service
Customer feedback can give your organization insight into what its customers really want, thus analyzing reviews can help you get a better grasp of total customer happiness.
By promptly and efficiently fixing the problems that customers encountered and focusing your attention on their demands, you will be able to improve customer service.
2. Reputation and Social Proof
We are social beings and this means that before we make any purchases, we are curious about what other people think about that particular product or service. Reviews are similar to how we would ask friends and family for recommendations, so reviews are testimonials of your good work. Most social media marketing companies agree that social media platforms can be a great means to showcase your online reviews.
3. Makes you stand out from the crowd
Reviews help fledgling businesses compete head-to-head with more established competitors and possibly carve out a favorable position in the eyes of the audience. Consider it this way, the company—ABC with 50 ratings at three stars and XYZ with five, five stars—which one would you choose to purchase from?
4. Boost Rankings
In local search, reviews seem to be the most important ranking component.
“Pages with reviews that feature a keyword and/or the name of a city were shown to have higher rankings in Google’s local pack,” SEJ reports.
5. Enhances Your Marketing Efforts
Online customer reviews are extremely valuable and can benefit your company in ways that straightforward marketing efforts cannot. Reviews are identical to micro-marketing campaigns that continue to be effective even after they have been posted, giving the business both short- and long-term benefits.
6. Encourage Conversation
Online reviews are an excellent way for a local business to interact with its customers. Businesses should respond to negative as well as positive comments right away and make every effort to make up for poor customer service.
How to Handle Negative Reviews
Online reputation management would be much simpler to handle if businesses could remove negative internet reviews. However, dealing with the negative reviews in the appropriate way will help you manage the online reputation of your company far more effectively.
- It’s no secret that internet interactions can turn unpleasant. And occasionally, even the most famous businesses succumb to them. But rather than taking offense at their criticism, consider it a learning opportunity.
- Express your regret for the bad customer experience. It could be easy to simply disregard the review, but doing so might enrage the customer even more and give the impression that your business doesn’t care about its customer’s contentment.
- Never forget that a “no answer” to a consumer on feedback is still a response.
- Make sure you acknowledge fault in your response and extend an apology and offer of reimbursement to the customer.
Online reviews have the potential to help or hurt your business. Reviews that are favorable might increase consumer confidence and spur additional sales. Online reviews are a free marketing tool. A company with positive reviews grows its consumer base and retains customers more frequently. Customers are more likely to spend more money on a good-reviewed product or service.
Customers are more inclined to post about a bad experience than a good one. The likelihood of a good review is less compared to bad reviews, people are more tempted to write bad reviews. Good products and services are taken for granted. When looking for a product or service online, a customer is also prone to resonate with bad reviews more easily.
As part of your reputation management strategy, keep reviews updated and reply to all the comments and reviews proactively. Online customers may conclude from outdated reviews that your organization has not improved or has ceased to operate.
Unfortunately, no matter how excellent your product or service is, you can’t please every consumer. It is crucial to develop an online reputation management system that works on getting more customer reviews and appropriately responding to the negative ones. More reviews= More inquire = More business.