The word “review” might not seem to be something that would have much impact on your business. Unless you happen to own a restaurant or hotel, the idea of a review probably doesn’t seem crucial to keeping the lights on and your employees paid. However, in today’s landscape of social media and online commerce, reviews are more important than ever before for businesses of all sizes. 

The power of an excellent review can drive customers to your door and keep them coming back again and again. However, as many business owners know, there is also a downside to negative reviews. They can sink your sales and scare away potential customers who might worry about the service they might receive from your company. 

Understanding what online reviews mean for your business can help you decide how best to approach this new challenge and opportunity in marketing.

Online Review Definition

An online review is a piece of online content where a customer (either positively or negatively) reviews your business. These reviews can help you build your brand and can also help customers who are trying to make a purchasing decision. 

Online reviews are particularly helpful to online shoppers who want to know more about what they’re purchasing and how others have felt about the product. The rise of the internet has led to the rise of online reviews, which have become a valuable source of information for consumers. 

Online reviews have proven to be so useful for consumers that 84% of people say that positive reviews make them trust a business more, and 84% also say that negative reviews make them less likely to use that business.

The Pros of Online Reviews

There are many benefits to receiving online reviews for your business. These include: 

  • Increased revenue. More than half of consumers say they are more likely to purchase from a business with positive reviews. This means that the review itself is likely to increase your revenue.
  • Branding and reputation. Positive reviews can help improve your business’s reputation and can be used as part of your marketing strategy. 
  • Customer retention. Positive reviews can help keep your current customers coming back. This means they are less likely to shop elsewhere.
  • New customer acquisition. Positive reviews can help attract new customers to your brand.
  • Improved customer loyalty. And finally, positive reviews can improve customer loyalty, which can lead to more repeat purchases.

The Cons of Online Reviews

Online reviews can be a double-edged sword. While they can boost sales and help improve your brand, they can also cause damage when they aren’t positive. Some of the downsides of online reviews include: 

  • They may not accurately represent your business. Some consumers may post a negative review even if they have done nothing wrong. They may be venting their frustration at the product, for example.
  • Negative reviews can be extremely damaging. If a customer has a negative experience, they may take to the internet to share that experience with others. This could result in lost sales for your business and could also damage your brand.
  • You don’t control the outcome. If a customer is unhappy with their purchase and takes to the internet to vent their frustration, there is very little you can do to control the outcome.
  • Reviews might be biased. A positive review from a family member or friend, for example, may not reflect the same level of positivity as a review from a stranger.

Strategies to Gain Reviews

When it comes to getting people to leave reviews, you have a few strategies you can use. You can encourage people to review your business once they have purchased from you. 

You can also ask happy customers to leave a review on a third-party website. You may also be able to get reviews from people who have received your product or service. 

You can also encourage people to review your business even if they don’t purchase anything. You can do this through social media and your website. You can also try to build relationships with people — this may encourage them to leave a review.

What Makes a Good Review?

There isn’t a set format for what makes a good review. It all comes down to the person writing the review, as well as their experience with your company and product. Ideally, you want your reviews to be between 100 and 500 words. 

The longer the review, the more likely it is that the reviewer is genuinely happy with your products or services. Think about what you want the reviewer to know about your company, product, or service. Keep in mind that a review is a two-way conversation. The reviewer is talking about your product or service — and you get the chance to respond and defend your brand. 

This can be helpful if a reviewer writes a negative review about your company. You can use the opportunity to let the reviewer know you are working to make improvements. And you can use this as an opportunity to let other potential customers know that you care about your product or service and your customers.

How to Turn Good Reviews Into a Marketing Tool?

Respond and Show Appreciation

If a customer leaves a negative review of your business, don’t panic. Instead, respond to the review calmly and professionally. Be sure to address the customer’s concerns and explain what you have done to correct the problem. 

You can also thank the customer for the review, letting them know that you appreciate their honesty. Be sure to keep your responses courteous, but don’t be afraid to stand up for the facts. 

By responding to negative reviews, you can turn a negative situation into a positive one. You might even be able to turn that single review into a positive review over time.

Share Them on Your Website

Your website is a great place to share your positive reviews. Not only does this give your business more exposure, but it can also help to drive customers to your site who might be wondering about your business but who have not yet made up their minds about you. 

This can be a great way to turn a one-time sale into a long-term relationship with customers who are already sold on your business. You can even link your review pages to your social media accounts so that your new customers can follow you. 

This can be a great way to keep your customers engaged with your business and make sure they don’t forget about you.

Share Them on Social Media

When you have a great review, you don’t want to just keep it to yourself. Instead, share it with your followers on social media. You can even ask your customers to leave reviews on your social media pages to drive more traffic to your review pages. 

You can also offer a discount or a freebie to anyone who leaves a review on your page. This can be a great way to reward your customers for spreading the word about your business and getting more customers through the door. You can also use review-sharing on social media as a way to thank your best customers for their loyalty.

Turning Bad Reviews Into an Opportunity

You can also turn bad reviews into an opportunity. You might be able to identify trends in the bad reviews and use this information to improve your business. You can also reach out to the reviewer and ask them for feedback. 

They may have valuable insights for you and may be open to talking to you about what they had a negative experience with. You can also use bad reviews as a way to show your customers that you are active and engaged. 

You can respond to the reviewers and thank them for their feedback and let them know that you are actively working to improve your business and product. This can help show your customers that you care about their experience.

3 Steps to Help Your Company

If you own a business, online reviews matter. And what you do when you get a negative review can make all the difference. Follow these steps when you receive a negative review:

1. Respond Quickly

Bad reviews often come with a sense of urgency. Customers who had a bad experience might feel compelled to warn others about it as quickly as possible. When you get a quick review, it’s important to respond quickly. 

Don’t let a review sit for days or weeks without any kind of response. All you have to do is thank the customer for bringing the mistake to your attention and then promise to fix it. It’s important to acknowledge that you’ve received the review and that you’re going to do something about it. This can do wonders for your reputation in the long run.

2. Apologize and Offer a Solution

Once you’ve responded to the customer, you’ll probably want to do more. You’ll want to try to fix the mistake and make the customer happy again. A great way to do this is to offer the customer a solution. 

You can offer them a refund, a discount, or some other kind of service that will help to make up for the mistake that they had a bad experience.

3. Learn From the Criticism

Bad reviews can sting, but they can also be an opportunity to learn and improve your business. Once the review has died down, you can quietly reach out to the customer and ask them if they’d be willing to talk to you and share their thoughts. 

You can also look through the review and try to figure out what went wrong, why the customer had a bad experience, and how you can correct the issue moving forward.

Final Thoughts

Reviews are more important than ever before, and they can help your business grow. They can also help you retain customers and attract new ones. When customers see positive reviews, they are more likely to purchase from you and less likely to shop elsewhere. 

Negative reviews are unavoidable, but they don’t have to be a death sentence. They can be opportunities for you to grow and improve as a business. With the right approach, you can overcome negative reviews and use them in your favor.

There are several ways to use online reviews as a tool to boost your business. By following these tips, you can ensure that your online reviews are helping your business and not hurting it!

Articles You Might Want To Read:

One-Stop Guide to Online Reviews and How to Win Them

The 6 Biggest Problems With Online Reviews And How To Fix Them

The Value of Online Reviews: A New Perspective