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The internet runs on reviews, and many of our actions these days do too, even if we don’t realize it. For example, RevLocal found in a 2018 survey that 42% of people simply will not use a business with less than a three-star rating. Meanwhile, a 2017 survey by Bright Local found that 49% of people require a four or five star rating before they utilize a business.
All this decision-making comes with a financial impact for businesses, as well. A Harvard Business School study in 2016 found that a one-star increase in Yelp ratings will translate to a 5-9% increase in revenue for a restaurant.
All of which adds up to something that we intuitively recognize — that we tend to trust the opinions of others. But are you one of the people that actually chooses to leave a review and share your opinion?
Research is, as per the usual, mixed here. Pew Research Center in 2010 estimated that 24% of Americans are willing to write reviews or share their opinions about items that they buy or services they use online.
What predicts those reviews, though? A January 2019 study in the Journal of Retailing and Consumer Services found that, quote:
[…] ego involvement has a significant impact on online review writing intention […]. Further, it is also identified as the most significant predictor of intention to write online reviews for the restaurant as it accounts for 42.8% variance.
Ego isn’t the only reason reviews get written, though — a desire for revenge also plays a role – but so does a desire to do what is asked. So…
The internet runs on reviews, and many of our actions these days do too, even if we don’t realize it. For example, RevLocal found in a 2018 survey that 42% of people simply will not use a business with less than a three-star rating. Meanwhile, a 2017 survey by Bright Local found that 49% of people require a four or five star rating before they utilize a business.
All this decision-making comes with a financial impact for businesses, as well. A Harvard Business School study in 2016 found that a one-star increase in Yelp ratings will translate to a 5-9% increase in revenue for a restaurant.
All of which adds up to something that we intuitively recognize — that we tend to trust the opinions of others. But are you one of the people that actually chooses to leave a review and share your opinion?
Research is, as per the usual, mixed here. Pew Research Center in 2010 estimated that 24% of Americans are willing to write reviews or share their opinions about items that they buy or services they use online.
What predicts those reviews, though? A January 2019 study in the Journal of Retailing and Consumer Services found that, quote:
[…] ego involvement has a significant impact on online review writing intention […]. Further, it is also identified as the most significant predictor of intention to write online reviews for the restaurant as it accounts for 42.8% variance.
Ego isn’t the only reason reviews get written, though — a desire for revenge also plays a role – but so does a desire to do what is asked. So…