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Service Ratings Impact Sales Price by 20%

Written on

Nov 30, 2007 

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Sarah Novotny  |

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Service Ratings Impact Sales Price by 20%

comScore announced the results of a new study conducted with The Kelsey Group, a research and strategic analysis firm, examined the impact of consumer-generated reviews on the price consumers were willing to pay for a service delivered offline. The study, based on a survey of more than 2,000 U.S. Internet users in October 2007, revealed that consumers were willing to pay at least 20 percent more for services receiving an “Excellent,” or 5-star, rating than for the same service receiving a “Good,” or 4-star, rating.  The study examined the offline sales impact of online reviews for restaurants, hotels, travel, legal, medical, automotive and home services. Nearly one out of every four Internet users (24 percent) reported using online reviews prior to paying for a service delivered offline. Of those who consulted an online review, 41 percent of restaurant reviewers subsequently visited a restaurant, while 40 percent of hotel reviewers subsequently stayed at a hotel.“This data shows the importance of local service review sites in consumers’ purchase process,” said Steve Marshall, research director for The Kelsey Group. “With such a large percentage of review users subsequently purchasing, it’s vital that local service providers have a positive presence on these review sites.” “This study underscores the importance of providing not just good, but excellent, service if a business hopes to generate positive consumer reviews which will result in greater sales,”  said Brian Jurutka, senior director, comScore Marketing Solutions.  

To learn more about this study visit:

http://www.comscore.com/press/release.asp?press=1928 

Tags: comScore, ratings and service

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