ICMediaDirect – Negative Feedback Can Create Losses For A Business
Good reviews clearly increase the business of a firm. However, the research shows that negative feedback can have a direct financial impact on businesses. For instance, 86% of potential consumers said they would think very hard about buying a product from a firm with unfavorable online testimonials. Similarly, an extra star on reviews builds a 5% to 9% average rise in income for a corporate, while just a lone bad review could result in a company removing about 30 customers from the roster. ICMediaDirect concludes that getting positive reviews online results in sales.
Read more: https://finance.yahoo.com/news/icmediadirect-reputation-management-ic-media-033618010.html