Monday, May 26, 2008

why have user evaluations or reviews?

Importance of Reviews and User Evaluations

  • According to JupiterResearch, 77 percent of online shoppers use reviews and ratings when purchasing.

  • Reviews drive 21 percent higher purchase satisfaction and 18 percent higher loyalty, according to Foresee Results.

  • In a study of 2,000 shoppers, 92 percent deemed customer reviews as "extremely" or "very" helpful, finds eTailing Group.

  • BizRate found 59 percent of users considered customer reviews to be more valuable than expert reviews.

  • In a CompUSA-iPerceptions study, 63 percent of consumers indicated they're more likely to purchase from a site if it has product ratings and reviews.

  • 86.9 percent of respondents said they'd trust a friend's recommendation over a critic's review, while 83.8 percent said they'd trust user reviews over a critic, according to MarketingSherpa.

  • 92.5 percent of adults said they regularly or occasionally research products online before buying in a store, found BIGresearch.

  • According to Keller Fay, 63 percent of all WOM is positive. Across all Bazaarvoice clients, 80 percent of products rate 4 or 5 stars out of 5.
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