Login  |  Register          Free Newsletter Subscription
Subscribe to TWICE Magazine
Reporters Notebook   


Link This | Email this | Blog This | Comments (0)


Customer Reviews Drive Web Sales
August 9, 2007

Letting customers write product reviews increases e-commerce conversion rates, Web traffic and average order values, according to e-consultancy and Bazaarvoice's "Social Commerce Report 2007" report (via eMarketer).

 Some interesting data points:

  • Online consumer reviews mattered most in complex and high-ticket categories such as automotive (19 percent) and consumer electronics (17 percent).
  • 28 percent of online sellers were using customer ratings and reviews. More than half said they were considering it.
  • More than half of all online sellers considered user-generated content either extremely important or very important to company strategy over the next year.

When electronics shopping, 39 percent of consumers start at an Internet search portal and 31 percent start at a manufacturer’s Web site.

 

Given the propensity for customer reviews to sway sales, it seems like there’s a lot of room for mischief making.


Posted by Greg Scoblete on August 9, 2007 | Comments (0)



POST A COMMENT
Display Name or Registered Users Login Here.
Please restrict submissions to less than 7,000 characters (including any HTML formatting).

Before submitting this form, please type the characters displayed above:


Advertisement

Advertisements






©2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites