Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Well Being
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • Developing an AI use policy
  • 3 learnings for SMEs from Climb24, the UK’s festival of innovation
  • Protect your start-up with a simplified shareholders’ agreement
  • Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?
  • Simply Asset Finance secures £120m loan facility from Bank of America
  • Campers acknowledges the impact of the North West adoption programme
  • Empowering ESMBs with Cutting-Edge Solutions: An Interview with Giovanni Crispino, Head of EMEA ESMB at Salesforce
  • Louise Hunt Skelley Ply And Samanta Bullock Launch A New Era Of Disability Advocacy
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
You are at:Home»Features»New law that will hugely impact business reviews
Customer reviews

New law that will hugely impact business reviews

0
Posted By sme-admin on June 19, 2024 Features

As a new law is set to add fake reviews to a list of banned business practices, experts have revealed what motivates genuine customer reviews and how businesses can encourage them to bolster their customer base.

Government figures show that 90% of consumers rely on reviews to make informed decisions about a product or service, yet last year Trustpilot removed a staggering 3.3 million fake reviews.

This new law banning fake reviews is expected to be a significant step towards making shopping more transparent and will mean that genuine customer reviews will become even more important for businesses.

So, why do customers leave genuine reviews? To find out, the team at money.co.uk business insurance has analysed survey and review data to reveal the true motivations.

Top 5 reasons why customers leave reviews:

*based on a survey of 9,286 US consumers.

92% of the consumers surveyed said they had a positive experience with the company’s product or service. This was their most significant motivation for leaving feedback. This could be because positive experiences are more likely to stand out to customers, making them more likely to leave reviews to express gratitude.

Negative experiences can often motivate customers to leave feedback, and the survey data shows that this is one of the top reasons consumers are prompted to submit ratings and reviews (78%). This could be because reviewers want to help others by warning them about the potential pitfalls of using a product or dealing with a company.

Dr Rebekah Wanic, a mindset psychologist, university lecturer and self-optimisation coach at Vent to Reinvent, explains why some customers leave reviews after a negative experience:

“One factor is negativity bias, where we find negative experiences more impactful and negative emotions, such as anger, are often activating. Because we prefer the positive experience, negative emotions often prompt action to make change. A negative review can be a means of publicly holding a business accountable.

“Furthermore, a negative experience violates our expectation that we will get what we paid for, such as a good service or experience. So, sharing the information may be useful to both other customers, as a way to help them avoid the same, and also a way for businesses or service providers to learn where they can make improvements.”

Kyle Eaton, money.co.uk business insurance expert, offers insight into how businesses can encourage online reviews:

  • Ask at the right time: “Prompt customers to leave a review after interacting with your business. This could be a few days after purchasing a product or immediately after a customer support call. This means the experience is fresh in the customer’s mind, leading to more honest feedback. To implement this, identify the best times to ask for reviews based on the nature of your product or service and the customer journey.

  • Keep it simple: “Make sure your customers know the easiest ways to review your business. This could be implemented by providing direct links to review sites on your website or promotional emails. You could also have a step-by-step guide on how customers can leave reviews to simplify the process.

  • Offer rewards: “Incentivise reviewers by offering a small reward like a discount on their next purchase in exchange for a review. Apply this by choosing an appropriate incentive and being transparent to customers that the incentive isn’t just for positive reviews. Review platforms have strict rules on offering review incentives, so familiarise yourself with their policies. This will avoid damage to your business’s reputation.

  • Use social media: “Leverage social media platforms to encourage customers to leave reviews. You could run campaigns encouraging reviews and share positive reviews on your social media channels. Include a call to action in your social media posts to let reviewers share their experiences.

  • Respond to reviews: “Whether the review is positive or negative, always acknowledge each review. Thank customers for their feedback, and address each issue raised. You should also publicly engage with any feedback to build trust and encourage more reviews. Implement this by setting up alerts for new reviews so you can respond as quickly as possible.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

3 learnings for SMEs from Climb24, the UK’s festival of innovation

How salespeople can adapt and thrive in a rapidly changing landscape.

Why Human Storytelling is Vital for Every Startup Marketing Strategy

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting

The Newsletter

Join our mailing list to receive the latest news and updates from SMEToday
Read our Latest Newsletter:

Sign Up
Events Calendar
    • Marketing
    June 27, 2024

    Empowering ESMBs with Cutting-Edge Solutions: An Interview with Giovanni Crispino, Head of EMEA ESMB at Salesforce

    June 24, 2024

    Why Human Storytelling is Vital for Every Startup Marketing Strategy

    • Finance
    June 28, 2024

    Simply Asset Finance secures £120m loan facility from Bank of America

    June 19, 2024

    Do You Need To Insure Your Side Hustle?

    • Health & Safety
    April 15, 2024

    Careless Driving Habits Common Practice Among Motorists

    March 20, 2024

    Cleaning stairs, climbing ladders and changing light bulbs: which of these activities are allowed under health and safety rules?

    The Great British Expos 2024
    The Great British Expo's
    • Events
    June 18, 2024

    Get the Most Out of Your Ideas with IP. BWR IP Seminar

    June 3, 2024

    Nicola Peake Launches Peakefest to Inspire and Rejuvenate Business Founders

    • Community
    June 24, 2024

    Festivals Unite to Launch National Green Events Code

    May 10, 2024

    Breast Cancer Consultant Dr Hugo De La Pena Has Raised More Than £10,000 For Cancer Research

    • Food & Drink
    May 24, 2024

    Devon distillery raises a glass to future growth with £100k funding deal

    May 13, 2024

    Sussex mum toasts success as small business grows

    • Books
    March 5, 2024

    No Silver Bullet: Bursting the bubble of the organisational quick fix

    January 12, 2024

    Top lessons all entrepreneurs can learn from the boy who survived the wild

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Most Recent Posts
    July 2, 2024

    Developing an AI use policy

    July 2, 2024

    3 learnings for SMEs from Climb24, the UK’s festival of innovation

    July 1, 2024

    Protect your start-up with a simplified shareholders’ agreement

    June 28, 2024

    Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?

    June 28, 2024

    Simply Asset Finance secures £120m loan facility from Bank of America

    Categories
    • Books
    • Community
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Well Being
    Copyright © 2024 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.