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14 Compelling Customer Reviews Stats You Need to Know in 2016

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I’ve written quite a few blog posts about the importance of software user reviews and why every vendor must have them for their software products. I could write hundreds of posts and thousands of words on the topic, but nothing is more convincing than seeing the hard numbers.  

reviews stats 2016

To help you make the case, I’ve curated this list of customer reviews stats from various online sources and research to best present the importance of collecting customer reviews to the rest of your team.

1. 88% of consumers say that they trust online reviews as much as personal recommendations. (Source: BrightLocal) >> Tweet this!

2. 70% of consumers say business service reviews (recruiting services, agencies) are as or more important than reviews of personal services (home contractors, babysitters). (Source: Capterra) >> Tweet this!  

3. Customers spend 31% more with a business that has “excellent” reviews. (Source: Invesp) >> Tweet this!

4. Buyers consult reviews early in the search, with 68% reading reviews as they build their shortlist. (Source: Software Advice) >> Tweet this!

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5. 40% of buyers form an opinion of a business after reading just 1-3 reviews. (Source: BrightLocal) >> Tweet this!

6. 97% of B2B buyers said that user generated content, like user reviews, is more credible than other types of content. (Source: Thismoment) >> Tweet this!

7. 52% of buyers say they trust a product more if they have a few negative reviews of their product. (Source: Capterra) >> Tweet this!

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8. Reviews can have an impact of up to 10% on a business’s search rankings. (Source: Webrepublic) >> Tweet this!  

9. 78% of buyers who read reviews were satisfied with their final purchase. (Source: Software Advice) >> Tweet this!

10. 44% of consumers say a review must be written within one month to be considered relevant. (Source: BrightLocal) >> Tweet this!

11. 64% of software buyers want to read at least 6 reviews before making a purchase decision. (Source: Capterra) >> Tweet this!

12. 89% of users will make a purchase within one week of reading reviews. (Source: ReachLocal) >> Tweet this!

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13. 72% of buyers will take action only after reading a positive review. (Source: BrightLocal) >> Tweet this!  

14. Software companies with reviews on Capterra get 22% more traffic to their website and 79% more leads than vendors without reviews. (Source: Capterra) >> Tweet this!

What are your thoughts on these customer reviews stats? How does your team treat customer reviews?

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About the Author

Caroline Malamut

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Caroline is the Vendor Marketing Manager at Capterra. Her love of marketing began while growing up in Philadelphia and has only grown since attending the University of Pittsburgh. In her free time she enjoys reading, spending time with friends and family, and cheering on her Philly and Pitt sports teams.

Comments

[…] experts say roughly 88 percent of shoppers make buying decisions based on the reviews of others. Reviews are powerful. But are consumers […]

[…] 88% of consumers say that they trust online reviews as much as personal recommendations’. The more that people can trust being able to make a purchase on your website, the more likely they are to go from the billing information form to the confirmation page. More purchases aren’t just good for business, but their great for ranking. […]

[…] “Retailers have trouble bringing reviews into stores. Because consumer needs are changing (an estimated 88% of consumers consult reviews before buying these days), retailers also need to change. Retailers can give consumers indispensable information that only […]

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