Consumer reviews are one of the most important and ever popular trends around.\u00a0 Why?\u00a0 Because consumers are looking for the best, cheapest and\/or most ethical goods and services on the market that meet their needs.<\/p>\n
According to the latest twice-yearly Nielsen Global Online Consumer Survey<\/a> of over 25,000 Internet consumers from 50 countries, personal recommendations and consumer opinions online are generally the most trusted forms of advertising. Seventy-two percent of US Internet consumers trust consumer opinions posted online.<\/p>\n Surprising?\u00a0 Not hardly.\u00a0 Consumers want trusted advice and recommendations.\u00a0 They want to feel in control, make informed decisions and avoid mistakes when making a purchase.\u00a0 This is particularly important given the wide range of choices for just about anything in the marketplace.<\/p>\n As a small business, this means that you must adapt to the new powerful peer-to-peer arena if you expect consumers to buy from you instead of your competitors.<\/p>\n There are 1.6 billion consumers online<\/a> and the majority are skilled bargain seekers, avid online networkers and opinionated reviewers and advisers.\u00a0 Their ability to share online has become easier than ever before.<\/p>\n Google’s new Rich Snippets program allows the search engine to now display a product rating review count and actual review text in Google search results.\u00a0 And the ease of producing video with technologies such as the Flip<\/a> camera and Apple’s new iPhone 3GS, that provide direct upload capability to YouTube, make video reviews a popular medium.<\/p>\n As a business owner, you would do well to join the conversation, especially when you are the topic of discussion.\u00a0 This can include posting apologies and solutions, preferably next to reviews from unhappy customers.\u00a0 You can also refute any unwarranted claims that you feel (or can prove) are unfair or inaccurate.<\/p>\n The benefits?<\/p>\n Participating in the online conversation lets you know how consumers feel about your products and services.\u00a0 Favorable reviews are an obvious endorsement for your business and can bring new customers.\u00a0 Negative reviews provide you an opportunity to respond publicly and fix any issues internally to improve the perception of your business.<\/p>\n Changes in behavior and technology require a more transparent marketplace.\u00a0 To keep pace with consumer trends and expectations, it is important to:<\/p>\n\n