Thursday, April 28, 2016

You Don’t Want A 5-Star Review | TechCrunch

The Udemy Review changes have sparked massive debates from Australia to Zanzibar, from Alaska to Florida and from the North Pole to the South Pole. BUT it’s quietened down and we can’t have that! Can we??

So here’s a little stirring of the pot for everyone still simmering about the changes (Full disclosure: I thought it was long overdue and pretty much in favour of the changes as IMHO, I think they are essential for Udemy’s long term viability - but I could be wrong).

Here we go:

Recent data analysis across 40 product categories looked at the impact of reading reviews on purchases. Northwestern University’s Spiegel Research Center and PowerReviews found that, in moderation, bad reviews actually help boost sales.

In fact, product purchases were most influenced by reviews with an average star rating between 4.2 and 4.5, according to research from GetApp. Products with five-star ratings were less influenced, likely due to today’s skeptical consumers’ “ too good to be true” sensibilities. Having a few less-than-perfect reviews decreases a product’s average star rating, but grows the business more.

Why are five-star reviews too good to be true? We think it’s authenticity.

There’s a healthy cynic in us all. We know nothing is perfect. So when a consumer sees only five-star reviews, they smell something fishy, something that causes their BS meter to go off.

They know that some negative opinions about a product, service or place are to be expected, and become suspicious when something is marketed as “perfect.” And as Amazon recently filed a lawsuit against more than 1,000 sellers of fake four- and five-star reviews, consumers are scrutinizing reviews more closely than ever before — and have reason to do so.

Read more at: http://ift.tt/1TyH7ye

http://ift.tt/1Uky07K


http://ift.tt/23bCe1P
Learn how to Podcast:
http://ift.tt/1VKbsMX

No comments: