How Online Reviews Can Make Or Break Your Business

Historically, word of mouth has been a powerful source for business referrals, and it still is today, but the Internet and online reviews has added a layer of information.

You should know that Bob will probably do some online research before reaching out to you– he’ll check out your website, read a few reviews and compare you to other potential like-kind companies.

Online reviews aren’t just for consumer products and restaurants anymore. These days, reviews are impacting revenue for all kinds of businesses and professional services including lawyers, roofers, loan officers, salons, boutiques, auto repair shops, rehab centers, doctors and everything in between.

What’s the big deal? We’ve uncovered the data, and the data tells us one thing– the power of online reviews shouldn’t be underestimated. Because reviews can hurt or help your bottom line, you need to know what people are saying about your business online.

With Jane’s recommendation and a few minutes spent online, Bob is able to form an opinion about you as a real estate agent before ever having met you. The majority of customers, like Bob, will read up to six reviews before forming an opinion of a business.

According to a Pew Research Center survey, as of January 2014, 87% of U.S. adults use the Internet and 58% of adults own smart phones. Worldwide, the United Nations reports 40% of the population is online. Who are the best bankruptcy lawyers in my area?

5 Reasons Online Reviews Matter for Your Business

1) 68% of consumers trust opinions posted online.

One of the most popular review websites, Yelp, has 207 million visits each month. Now factor in that customers are reading up to six reviews, both negative and positive, before ever having met you or stepped foot in your place of business. What is being said about your business should matter to you because it matters to everyone else.

I read it on the Internet, so it must be true.

2) 88% of consumers trust online reviews as much as personal recommendations.

That’s right; today, the vast majority of consumers trust the opinions of strangers on the Internet as much as their own friends. While an online review coming from an anonymous user, a review that lacks detailed information or one that doesn’t seem genuine won’t fall into this category, online reviews can be thoughtful, personal and thorough, much like an exchange between friends.

3) Customers are more likely to share bad experiences than good ones.

Sharing a bad customer experience online is an easy way to release frustration. Sometimes even more importantly, to a reviewer, is the idea that a bad review might save someone else from having a similar experience!

What we can take away from this fact is that it is important for you to proactively ask happy customers to leave online reviews too. Whether you helped Jane Doe buy her dream house or gave her the perfect haircut, let Jane know that you welcome and would appreciate if she could take the time to leave a review on your behalf. A bad review is bound to happen at some point, but wouldn’t it look nicer surrounded by a whole bunch of good ones?

4) You can turn a negative review into a positive review.

When a reviewer says something negative about your business, you have an opportunity to excel at customer service. Many review sites offer a reply feature. Often times after a business reaches out, reviewers will provide an update to their negative review and let people know what happened.

With the trust that your potential customers place in online sources, negative reviews have the potential to substantially impact your business. Reviews are influencing the opinions of potential customers, but they don’t have to be a permanent black mark on your digital record.

5) 72% of consumers say positive reviews make them trust businesses more.

Reading a bunch of negative reviews isn’t likely to make someone want to take a chance on a business. Reading a multitude of positive reviews provides a potential customer with a sense that the business can be trusted.

Summation

How do your online reviews tally up? Are people saying bad or good things about your business?

In short, people are forming opinions about your business based on what other people are saying, long before you even get the chance to meet them, so it’s your job to take an active interest and convert your online audience into new customers.

As the world exists today, you have to care about online reviews. Positive reviews can help bring in customers, negative reviews can turn people away and not having any online review presence can cause someone to feel like doing business with you would be a gamble.

People are looking for reviews and putting trust in those reviews, so it’s time to take a proactive role in the process– provide customer comment cards, send out surveys and ask happy customers to share a review. You may even consider providing a way for people to leave reviews on your own website so people won’t have to look any further to find glowing testimonials.

Now factor in that customers are reading up to six reviews, both negative and positive, before ever having met you or stepped foot in your place of business. What we can take away from this fact is that it is important for you to proactively ask happy customers to leave online reviews too.

Often times after a business reaches out, reviewers will provide an update to their negative review and let people know what happened. Reading a multitude of positive reviews provides a potential customer with a sense that the business can be trusted.

You need to know what people are saying about your business online because reviews can hurt or help your bottom line.

LocalAd Connection
1700 E.Sunrise Blvd Ste 1213
Ft Lauderdale, Florida 33304
Call Us Today: (USA) 1-954-266-0078

Call Us For More Info: (954) 266-0078

 

 

 

Copyright Disclaimer:  Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

How Negative Reviews Can Impact Your Reputation / New Business

Years of work, extensive resources, and loads of money go into the making of a strong brand. In today’s super-connected economy, those brands can be taken down more easily than one might expect.

Not by their top competitors, but by the average Joe behind a computer or smart phone.

You may deliver impeccable service, but occasionally something will slip through the cracks. A sales associate might be having an off day. A contagious illness might cause a location to be short-staffed. You may have an issue with a supplier and run out of stock of an item.

For whatever reason, a customer has an experience with your brand that is not at the level for which you are normally known. Then, they want to vent.  And they do. Online.

How much can one, two, or a handful of negative reviews or posts actually damage an otherwise strong brand?

A lot.

This tale of digital David and Goliath is commonplace: one or two consumers throw stones at your brand online. Thousands of potential customers see their negatives posts and decide against doing business with you. Sales plummet – and often management does not know why.

Without the right monitoring tools and analytical skills, it is difficult for managers to understand what is happening with their brand online. Often they do not discover problems until their reputation has incurred significant damage. Because their customer satisfaction levels are high, they assume online sentiments match.

However, studies show that both B2B and B2C customers are more likely to share negative experiences than positive ones in person, on social media, and on review sites like Yelp. This is particularly troublesome for businesses because the sites where customers are likely to share their negative experiences tend to rank well in search engines. Because of this, potential customers find the undesirable content early on in their research, marring their first impression of your company.

It is easy to imagine how a bad review or two can jeopardize a company’s online reputation – and the statistics support it. In one survey by Dimensional Research, 86% of customers who read a negative review online said that information impacted their purchase decision.

How many potential sales are jeopardized by poor results in Google? While the answer to this question varies by business, online reputation is extremely important for almost all companies. According to a report by Fleishman-Hillard, 89% of consumers conduct online research via search engines before making a purchase.

This percentage is even higher for B2B.  Acquity Group’s 2014 State of B2B Procurement Study found that a whopping 94% of buyers complete some sort of online research before making a business purchase. 77% of these use Google.

You can imagine the immense impact just one or a few well-placed negative comments can have on internet searchers’ perception of a brand.

Moreover, vast amounts of information and data are exchanged out of the sight of search engines. Known as the “deep web,” this includes dynamic web pages, blocked sites, unlinked sites, private sites (like those that require login credentials), non-HTML content and private networks. Some estimates suggest the amount of information on the deep web (also known as the deep net, invisible web or hidden web) is 500 times greater than the surface web.

Within the deep web resides another area of the Internet called the dark web (also known as the dark net), where individuals can exchange information anonymously, and oftentimes do so nefariously.

Originally developed by the U.S. Navy as an avenue for secretive communications, today’s dark web is best known as a place for more illicit activities. On the dark web you may find individuals selling drugs, guns, illegal images and videos, and private data.

One important thing to note is that you are not going to wander onto the dark web by accident. You have to download a special browser, so you can’t get there from Chrome, Firefox or Safari and your toddler can’t access it on your iPad. (I can’t say as much for your teenager).

Several commercial insurance executives recently advised that cyber-security is the number one rising threat to businesses around the world. Security breaches, which can bring major reputational hits, should not just be the concern of big-name retailers, online sites like Ashley Madison or political entities like the Democratic National Committee.

Any organization that touches private information – credit card numbers, social security numbers, driver’s license info, medical records, and so on – is vulnerable to a security breakdown which could do irreparable harm to the business and its reputation.

For confirmation, speak with communications managers at Target or Home Depot if you don’t believe this should be a concern of the public relations and marketing professional. When millions of credit card numbers are stolen from a retailer, does this not cross-over from being solely an issue of cyber-security to one that impacts the company’s collective reputation? Of course it does.

Whether we like it or not, as professional communicators we must embrace technology and understand that cyber-security and reputation management are joined at the hip. If you have any questions about your company’s online vulnerabilities, on the surface, dark or deep web, contact an appropriate consultant sooner than later.

The dark web is an area of the deep web where people search and exchange information anonymously. The dark web is part of the deep web, but the deep web is not necessarily dark.

Known as the “deep web,” this includes dynamic web pages, blocked sites, unlinked sites, private sites (like those that require login credentials), non-HTML content and private networks. Some estimates suggest the amount of information on the deep web (also known as the deep net, invisible web or hidden web) is 500 times greater than the surface web.

The dark web is an area of the deep web where people search and exchange information anonymously. The dark web is part of the deep web, but the deep web is not necessarily dark.  Yet another place and way your company’s online reputation could be tarnished without your knowledge.

LocalAd Connection
1700 E.Sunrise Blvd Ste 1213
Ft Lauderdale, Florida 33304
Call Us Today: (USA) 1-954-266-0078

Call Us For More Info: (954) 266-0078

 

 

 

Copyright Disclaimer:  Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.