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PART ONE

Wisdom of the Crowd PART 1: Negative Reviews

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Page 1: Wisdom of the Crowd PART 1: Negative Reviews

PART ONE

Page 2: Wisdom of the Crowd PART 1: Negative Reviews

PRESENTERS

Lia Nichole Smith VP of Education and Performance

Jennifer Carter Director of Client Performance

Page 3: Wisdom of the Crowd PART 1: Negative Reviews

THANKS TO OUR SPONSOR!

Page 4: Wisdom of the Crowd PART 1: Negative Reviews

LOOKS PROMISING

Page 5: Wisdom of the Crowd PART 1: Negative Reviews

OR DOES IT?

Page 6: Wisdom of the Crowd PART 1: Negative Reviews

Negative reviews can and will happen.

Page 7: Wisdom of the Crowd PART 1: Negative Reviews

THE GOOD NEWS

There is a growing level of apathy or lack of concern about negative reviews

Page 8: Wisdom of the Crowd PART 1: Negative Reviews

“But what about my scores?”

Page 9: Wisdom of the Crowd PART 1: Negative Reviews

What’s the minimum “would recommend”

score preferred by visitors to ApartmentRatings?

POLL TIME!

Page 10: Wisdom of the Crowd PART 1: Negative Reviews

POLL ANSWER

At least 70%

At least 80%

At least 90%

I don’t pay

attention

Source: 2018 ApartmentRatings User Poll

Number of Responses 8,998

Page 11: Wisdom of the Crowd PART 1: Negative Reviews

WHAT THEY CARE ABOUT

Page 12: Wisdom of the Crowd PART 1: Negative Reviews

WHAT THEY CARE ABOUT

“Wisdom of the crowd” Singular experience

Page 13: Wisdom of the Crowd PART 1: Negative Reviews

60% 2016 50%

2017

74% 2016

73% 2017

POSITIVE vs. NEGATIVE

“Positive reviews make me trust a company more”

“Negative reviews make me question the quality of a business”

Source: 2017 BrightLocal Consumer Review Survey

Page 14: Wisdom of the Crowd PART 1: Negative Reviews

40% 2017

68% 2016

LESS OF AN IMPACT

“Negative reviews make me NOT want to use a local business.”

Source: 2017 BrightLocal Consumer Review Survey

Page 15: Wisdom of the Crowd PART 1: Negative Reviews

5 ways negative reviews can help attract and

retain residents

Page 16: Wisdom of the Crowd PART 1: Negative Reviews

#1 – EMPOWER THE POSITIVE

Negative reviews make your positive reviews look even better and more credible

Would you trust a review site if all or most of the reviews were positive?

47% “NO”

Source: 2017 Today’s Online Renter Study, SatisFacts

Page 17: Wisdom of the Crowd PART 1: Negative Reviews

#2 – READERS ARE REALISTIC

Consumers expect negative reviews when researching a product

Source: 2017 BrightLocal Consumer Review Survey

4% 8%

39% 39%

9%

1/5 stars 2/5 stars 3/5 stars 4/5 stars 5/5 stars

Page 18: Wisdom of the Crowd PART 1: Negative Reviews

#3 – TRUST BUILDERS

Negative reviews tone down speculation your community has fake reviews

Is it easy to spot a fake review?

70% “YES”

Source: 2017 BrightLocal Consumer Review Survey

Page 19: Wisdom of the Crowd PART 1: Negative Reviews

#4 – CREATES CHEERLEADERS

Satisfied residents can counterbalance negative reviews

Page 20: Wisdom of the Crowd PART 1: Negative Reviews

#5 – ENGAGEMENT OPPORTUNITY

Responding to negative reviews positively impacts renter perception

The importance of… 2017 2015

A staff member responding professionally to a negative review

3.97 3.87

Source: 2017 Today’s Online Renter Study, SatisFacts

Page 21: Wisdom of the Crowd PART 1: Negative Reviews

KEY TAKE-AWAYS

Consumers believe they’re savvy enough to decide for themselves what they want out of

a local business

Page 22: Wisdom of the Crowd PART 1: Negative Reviews

KEY TAKE-AWAYS

Renters expect some type of dissent in someone else’s experience and are less likely

to infer the same will happen to them.

Page 23: Wisdom of the Crowd PART 1: Negative Reviews

KEY TAKE-AWAYS

If certain occurrences are anomalies, renters tend to look at the wisdom of the crowd.

Page 24: Wisdom of the Crowd PART 1: Negative Reviews

100 responses to positive and negative reviews

2018 Performance Playbook for onsite teams

2018 Social Media Study Results

90-day Social Media renovation plan

SatisFacts & ApartmentRatings 10 keys to success

Marketing initiative template to measure campaign effectiveness

Award winning client best practices

ApartmentRatings “in the moment” visitor polling results

60-day plan to improve online reviews

The 5 main psychological drivers of resident satisfaction

www.satisfacts.com/focus

10 takeaways you’ll only get at

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