Why the Gold is in the Reviews
Marketing School - Digital Marketing and Online Marketing Tips
Eric Siu and Neil Patel
4.6 • 1.4K Ratings
🗓️ 14 June 2023
⏱️ 6 minutes
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| 0:00.0 | All right, so we are going to talk about why the gold is in reviews, because pre-show, Neil and I were talking about the reviews we've been getting on our podcast, and we want to talk about how this could apply not just to the podcast, but B2B and B to C as well. |
| 0:14.0 | Think of it this way. You have a product that you sell or a service, |
| 0:16.8 | whether it's Amazon or whether it's G2 crowd, |
| 0:19.7 | literally there's reviews for all types of companies, all types of products, all types of service. |
| 0:25.2 | The reason Eric and I say the gold is in the reviews, most marketers look at reviews as |
| 0:30.6 | the more five-star reviews you get and if your average is four and a half or |
| 0:34.9 | above out of five typically you'll do well and the more of those reviews you |
| 0:39.2 | get the more sales you'll generate that's. That's not where the gold is. The |
| 0:44.0 | gold is actually in the one star, two star, three star, and even four star reviews. |
| 0:48.5 | The reason the gold is in there is because you can then take all the learnings from why people are upset or |
| 0:56.2 | dissatisfied and then work on fixing your product or service. |
| 1:00.8 | You won't be able to fix everything, but you'll be able to fix a lot. And in the long run, what you'll find is, yes, you'll naturally get more reviews, but typically the biggest way most companies grow is through word of mouth marketing. |
| 1:13.3 | And the better product or service you have, |
| 1:15.9 | and you get that by getting feedback, the reviews, |
| 1:18.1 | the one stars, two stars, three and four stars give you that feedback. |
| 1:21.2 | You start fixing all that stuff. You'll see over time more word of mouth marketing and sales is driven |
| 1:27.6 | from hey my friend told me about this product or service yeah so this is |
| 1:31.5 | known as qualitative |
| 1:33.0 | feedback and when you're reading reviews, this is qualitative feedback, right? |
| 1:37.6 | So the quantitative piece might be the number of stars that you're getting and the average number |
| 1:41.8 | of stars, but what you're really looking for is you're getting and the average number of stars. |
| 1:42.9 | But what you're really looking for is you're looking for signal versus noise. |
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