Here are some statistics you won't want to miss.
We have compiled some astounding statistics about online marketplaces, social media, and consumers. We have included every source.
It is our aim at Ormosis to provide our clients with a one-stop-shop for all things related to brand trust and credibility. We specialize in guerrilla marketing services and online reputation management. Our ultimate goal is to develop, preserve or restore your online reputation.
Reviews are the foundation of
every successful business.
Some staggering statistics about online reviews.
Higher conversion rates.
52% of consumers will not buy if the business has less than a 4 star rating.
89% of customers won’t take action before they read one or more reviews.
[Source: My Testimonial Engine]
A one-star increase in rating can lead to a 5% to 9% increase in revenue.
[Source: Harvard Business School]
More than 4 negative reviews about a company or product may decrease sales by 70%.
70% of consumers need to read at least four reviews before they can trust a business.
9 people out of 10 need less than ten reviews to form an opinion about a business.
15% of users don’t trust businesses without reviews.
Customers could spend 31% more on a business with great reviews.
Better organic search rankings.
9 customers out of 10 read reviews before purchasing.
58% of consumers would travel further for companies with positive reviews
82% of consumers visit review sites when they are ready to purchase.
Reviews influence 98% of buyers in the software niche.
Google accounts for most of reviews worldwide, followed by Facebook and Trustpilot.
[Source: Review Trackers]
"If you give people the opportunity to do
the right thing, you'll rarely be disappointed."
Pierre Omidyar (eBay's founder)
Some mind-blowing eBay statistics.
Most of eBay sellers are from the United States.
"What’s dangerous is not to evolve."
Jeff Bezos (Amazon's founder)
Amazon statistics that will leave you speechless.
Over 300 million active users.
As of 2022, Amazon has 1.2 million employees and over 100.000 robots.
Amazon is the second company ever to hit the $1 trillion mark, after Apple.
Amazon is the most popular online store in the United States.
Some Amazon warehouses ship over 1 million items a day.
Amazon earns 49 cents of every e-commerce dollar spent in the US.
Amazon is present in 14 countries and ships in more than 100 countries.
Inititally, Amazon was called “Cadabra” (as in “Abracadabra”).
[Source: Business Insider]
Jeff Bezos quit his job in 1994 and launched Amazon out of his garage.
Most of Amazon merchants are from the United States.
"One of my philosophies of building companies
is the importance of velocity."
Andrew Ng (Coursera's founder)
What you need to know regarding the digital certifications industry.
71% of individuals with one or more digital certifications reported noticeable career benefits.
Online courses and certifications grew drastically during the pandemic.
Over 100 million people in the US have at least one digital certification.
Four in ten Fortune 500 companies use or require online learning solutions.
Corporate e-learning is expected to grow by over 200% between 2022 and 2026.
[Source: Business Wire]
"The biggest risk is
not taking any risk."
Mark Zuckerberg (Meta's founder)
Over 70% of accounts with more than one million followers are verified.
Only a few thousands Twitter accounts are being verified every year.
Verified accounts with less than 5k followers have a stunning 4.84% engagement rate.
58.82% of verified Instagram accounts are owned by men, and 41.18% by women.
Close to a third of U.S. influencer accounts have obtained a verfication badge.
"Have a healthy disregard for the impossible."
Larry Page (Google's founder)