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Social commerce: bad reviews are good for business

Social commerce: bad reviews are good for business
Wednesday January 18 2012

When it comes to social commerce, bad product reviews are good for business according to data from social commerce company Reevoo.

68% of consumers trust reviews more when they see both good and bad scores, while 30% suspect censorship or faked reviews when they don’t see bad scores. Shoppers who go out of their way to read bad reviews convert 67% more highly than the average consumer.

Three times as many consumers actively seek out and read negative user generated content as look for positive content: negative reviews are even more popular than “most recent reviews”, or “reviews from people like me”. Shoppers who seek out bad reviews are highly engaged with their pre-purchase research, viewing almost four times as many products as the average visitor to a site, and staying considerably longer.

Richard Anson, founder and CEO of Reevoo, said: “Consumers who seek out negative reviews outperform the average visitor to a website: we see a 67% bump in conversion rates for these shoppers. Counter-intuitive as it may seem, negative user-generated content is actually one of the most effective conversion tools,” he added.

Tagged as: social media