Online customer reviews are a huge asset for your business. Over 80% of customers trust and read online reviews & online reviews have been proven to attribute a significant increase in sales. However, it’s difficult to calculate how effective online reviews can be for your business, until now.
We’ve built a simple tool to help you calculate a return on investment from online reviews, we suggest you factor in a 15% – 20% uplift in sales as a result of good online reviews.
Using your previous months sales data, enter in the following:
– Average order value
– Number of orders in the past month
– Your estimated margin
– The expected improvement (we suggest 15% – 20%)
As you will see, even the slightest increase in sales can justify you spending a little more time on your Google reviews.