Before buying a new product, visiting a store or even choosing a doctor, today’s consumer goes in search of online reviews. It’s become an integral part of the buying process and an important contributor to the Zero Moment of Truth (ZMOT), the instance when a person has decided to buy – often well before actually purchasing online or visiting a store. The ZMOT makes the active management of online reviews essential and one of the most impactful forms of marketing a business can do.
Customer reviews are also a numbers game. Consumers have caught on to the power of reviews and no longer hesitate to assign a 1-star rating to a business after a negative experience; chances are they will add a comment too. Therefore, it’s more important than ever to collect, manage, answer, and leverage your company’s online reviews.
Let’s look at the data and 10 reasons why your business must manage its online reviews – plus the key takeaways: