Dojo Nation Dojo Nation - March 2015 | Page 66

But that’s actually a good thing – and there are plenty of good reasons why your business should be listed on review sites. The first is that you get to add a link to your website which will boost your traffic - and secondly, people can also get some basic information about your business such as the name of your hours of operation, where it’s located, your phone number and so on. But most importantly it’s the customer reviews on these review sites (they call them review sites for a reason!), that makes them so important, but it also can be a double-edged sword. Positive reviews can do wonders for your business, as review websites are considered more credible than any form of advertising. But negative reviews can have disastrous consequences to your bottom line. The complaint can be serious enough to significantly derail your business. Like a report about seeing bed bugs in a hotel room or a cockroach in an entrée at a restaurant. What’s really frustrating is when the report is not true and no merit at all. But the question is, when should you remove reviews – reviews that make your business look bad? ADVANTAGES OF REMOVING NEGATIVE REVIEWS Purging negative reviews can be a good thing. First of all, it limits the number of people who’ll ever read them – keeping the damage to a minimum. After all, it’s not unusual for a potential customer to reconsider their choice after reading just one negative review over a dozen positive ones. Another benefit to removing negative reviews means that your average rating will go up. Studies show that a high customer rating means a potential increase of 55% in sales. According to Yelp, a restaurant with a 4-star rating is 63% more likely to be full at any given time than a restaurant with just a 3-star average rating. And a one-star increase in the average rating can bump up your revenue by 5 to 9 percent. So it’s blatantly obvious why anyone who runs a business would want to remove negative reviews. ACCORDING TO YELP, A RESTAURANT WITH A 4-STAR RATING IS 63% MORE LIKELY TO BE FULL AT ANY GIVEN TIME THAN A RESTAURANT WITH JUST A 3-STAR AVERAGE RATING.