If you run one of the 32.5 million small businesses in the US today, you’re probably always looking for ways to beat the competition and one of the best ways to do so is by making the most of your customer reviews.
But to take full advantage of reviews, you have to know all the ways they can benefit your business; most owners don’t.
Here we detail 11 ways reviews dramatically increase your odds of success and give you some critical tips so you can get the greatest bang for your review bucks.
1. Provide Social Proof
Customer reviews provide prospects with valuable insights into the quality of your product or service. This helps to build trust and confidence in your brand.
[quotesright]When potential customers see that other people have had positive experiences with a product or service, they are more likely to trust the company and make a purchase. [/quotesright]
[quotes]Customer reviews can be even more effective than personal recommendations.[/quotes] This is because people are more likely to trust the opinions of strangers over those of friends or family members. Therefore, customer reviews can play a significant role in boosting sales and growing a business.
2. Show That You’re an Authority in Your Field
Consumers love to know that they’re dealing with a knowledgeable seller when buying a product. It makes them feel safer as they know the product they purchase is of unquestionable quality.
When you display customer reviews prominently on your website or in your print materials, you are demonstrating to prospects that you're a trusted source of information. You're communicating that you have a proven track record of delivering quality results.
3. Help You Identify and Correct Problems
By listening to customer feedback, businesses can quickly pinpoint areas where they need to make improvements.
The information you receive from reviews can play a vital role in mapping the customer journey. You can make adjustments that make things easier for shoppers.
In many cases, customers will be more honest in their reviews than they would be in person, giving businesses a chance to address issues that they may not have been aware of otherwise.
4. Increase Brand Awareness
Today, potential customers are bombarded with marketing messages from businesses of all sizes. As a result, it can be difficult to make your business stand out from the crowd and get your message noticed. [quotesright]Customer reviews provide a way for businesses to cut through the noise and reach their target audience. [/quotesright]
When potential customers see that others have had positive experiences with a business, they are more likely to give that business their own patronage.
5. Boost Website Traffic
[quotes]Just having a website doesn’t guarantee visitors.[/quotes] Ninety-one percent of online content never receives any traffic from Google. Customer reviews can help keep or put you in the 9 percent that gets Google traffic.
When potential customers see that others have had a positive experience with a company, they are more likely to visit the site themselves.
In addition, customer reviews can help improve search engine rankings. The more reviews a site has, the higher it is likely to appear in search results. This is because [quotes]search engines view customer reviews as a form of social proof, and they are more likely to rank sites that have them higher than those that don't.[/quotes]
6. Increase Conversion Rates
Studies show that customer reviews are one of the most influential factors in the purchase decision-making process, with 89 percent of consumers reading reviews before making a purchase.
If consumers see that other people have had positive experiences with a product or service, they are more likely to make a purchase themselves. [quotesright]They are also more likely to spend more money. [/quotesright]
Therefore, customer reviews can have a direct impact on conversion rates and bottom-line profits.
7. Improve Customer Retention
As any business owner knows, customer retention is essential to long-term success. One way to help improve customer retention is by using customer reviews. [quotesright]Having honest feedback from customers can help businesses identify areas that need to improve. [/quotesright]
In addition, customer reviews can create a sense of community and loyalty among customers. When customers feel like they are part of a team, they are more likely to stick around.
8. Boost Sales
When customers post reviews, they give your business a mini-advertisement that countless potential customers see. In fact, studies have shown that customer reviews can increase sales by as much as 18 percent.
Why? Consumers trust what other shoppers say. Thus, having lots of quality customer reviews is a sure way of creating a successful business.
9. Reduce Marketing Costs
[quotes]By their very nature, customer reviews are a form of word-of-mouth marketing,[/quotes] and word-of-mouth is widely considered to be the most effective form of marketing.
And, because customer reviews are free to generate, they provide an excellent return on investment for businesses of all sizes. Indeed, customer reviews should be a key part of any marketing strategy.
10. Raise Employee Morale
Customer reviews provide valuable feedback that businesses can use to better what they offer. As a result, employees can feel good about their work when they see that customer reviews are positive.
In addition, customer reviews can help build customer loyalty, leading to more sales and more revenue. This can also lead to more job security for employees, as businesses are more likely to invest in employees who are helping to increase sales and generate revenue.
Thus, customer reviews can have a direct impact on employee morale and can help enhance staff retention.
11. Bolster Content Marketing Efforts
Regardless of what you're selling, customer reviews can be extremely helpful in shaping your content strategy. That's because they provide valuable insights into what your audience is looking for.
By analyzing customer reviews, you can identify patterns and trends that can help you produce more relevant, targeted content. For example, if you notice that many customers are asking about a particular feature, you can create a piece of content that addresses their needs.
Similarly, if you see that customer satisfaction is low in a certain area, you can create content addressing those concerns.
In short, customer reviews can be a valuable source of information for anyone looking to produce more relevant, engaging content that ensures business success.
Tips for Making the Most of Customer Reviews
To harness the power of customer reviews, businesses need to follow some best practices. Here are two secrets to making the most of reviews.
Make It Easy to Leave Reviews
The simplest way to collect reviews is also the most effective: make it easy for customers to leave a review. [quotes]The easier you make it, the more likely that customers will take the time to leave feedback. [/quotes]
There are a few ways to do this. Include links to review sites in your email signature and on your website. You can also send follow-up emails after a purchase asking customers to leave a review.
Make sure to include clear instructions and a link to the review site so they can leave their feedback with just a few clicks.
You can also create a QR code that takes customers directly to your review page. Place this code in high-traffic areas like your store entrance or checkout counter.
Act on Customer Reviews
Regularly monitor customer reviews and act based on the feedback you receive.
Avoid the temptation to delete negative reviews. It might be tempting only to showcase the positive reviews on your website or social media page, but potential customers will be able to see through that.
Instead, leave all the reviews up and show that you're willing to listen to constructive criticism.
[quotesright]If there are repeated negative reviews about a certain issue, use it as an opportunity to make changes in your business. [/quotesright]Not only will this improve the customer experience for everyone, but it will also show that you're committed to being the best that you can be.
Use Reviews as a Marketing Tool
[quotes]When you get a positive review, share it on social media and include it in your email marketing campaigns.[/quotes]
You can also create graphics with quotes from positive reviews that you can post on your website or social media pages.
By doing this, you'll not only be promoting your business, but you'll also be building trust with potential customers. And that's always good for business.
Accelerate Business Success Using Customer Reviews
As you’ve seen, customer reviews are critical to business success for several reasons. By taking advantage of customer reviews, you can improve your products or services. You also increase employee morale, create more relevant content, and build customer loyalty.
Do you have any burning business issues that you’d like us to address? Use the feedback link at the top of the page and let us know. If you have something you would like to get a fresh perspective on, get in touch with us Brian Tracy USA: 877.433.6225 Email Me. The worst thing that happens is you’ll take away some new ideas and it won’t cost a cent.