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Online Peer Reviews : An Overwhelming Effect On Modern Consumer Behavior Essay

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Online peer reviews have an overwhelming effect on modern consumer behavior. A study done in 2013 showed that 90% of consumer buying decisions were influenced by positive online reviews, and 86% were influenced by negative online reviews (Gesenhues). Clearly, companies everywhere have to take in consideration the effect online peer reviews have on their sales and consumer purchases now, and also how their products and customer service affects these online reviews. Customer service is an especially important area for companies to focus on since customers are significantly more dissatisfied with how customer service problems are handled and in a survey taken on the matter, 58% said they were more inclined to share customer service experiences than they were 5 or so years ago (Gesenhues). This relates to the class because online peer reviews act as a way for which word of mouth and personal influence can be communicated to many different consumers worldwide like we learned in chapter 12. Though there are negatives created for companies from unsupportive online reviews, online reviews can create many positive opportunities for companies at the same time. If the company shows to customers that they really do deliver a quality product and that they listen to customer wants and needs in the process, while also delivering quality customer service, that can make customers think that the company actually cares, and that can really have a big impact on how people look at the company.

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