Online Consumer Reviews and Its Effectatr-gBX5y | 24/06/2020 | 0 | Business
The internet has become engraved in many aspects of our lives, including businesses and online shopping for goods and services. The rise in online activities has prompted more companies to take their business online, which makes their products and services readily available to consumers. This online presence has made it easy for customers too to air their feelings about companies’ products through online platforms like social Media, BritainReviews, and others. So, the feedback that customers give on the products that companies sold to them is called consumer reviews. But how effective is online reviews on companies and consumers alike?
The Effect of Online Reviews on Businesses
Customer reviews can affect businesses positively and negatively, depending on comments made by consumers. A company with more positive than negative reviews will attract more customers according to research. People will be willing to spend money on products/services, for they are attracted to businesses with positive reviews from their customers.
The reverse is the case with business with negative reviews as there will likely be a drop in revenue with reduced patronage. Companies have resorted to managing their online presence by providing easy access to customer representatives to address issues such as this and help maintain the publicity of the business online. Such an approach is also necessary to boost the business’s awareness as they improve on products/services to take advantage of the free publicity from online reviews.
Benefits of Customers Reviews to Customers
Customer comments about products and services offered by a business can be a guide to other customers. From the first-hand experience of other customers, intending customers will learn about the company, and this will determine if they will patronize such an organization. Research has shown that people tend to search online about products and services, especially when businesses offer online services.
These online reviews will help customers avoid products and services that are substandard. It will help them to make the right choice and get quality services for money spent. Carrying out proper research online about businesses that offer particular products and services will provide the customers with a wide range of options. With the available options, the customers can select a suitable store that will offer them what they desire, especially with reading about their services from other customers.
Both businesses and consumers benefit from online reviews, but the consumer has an advantage over businesses. Companies can be affected by negative reviews, which will stick with this business for a long time, and customers bear no harm from negative reviews. On the positive side, customers benefit more from online reviews because they are less exposed than businesses. Negative reviews have no adverse effect on the customers but provide reasons for the customers not to patronize the business. Customers can read reviews on different companies on BritainReviews, where you can find a wide range of companies. It is advisable to drop reviews about your experience to help others make decisions about the products and services of these businesses.