Youtube blogged earlier today how Five Stars Dominate Ratings. I quote: "great video prompts action; anything less prompts indifference." And in their blog they posted the graph on the right.
I wanted to compare how closely YouTube's ratings match how consumers rate wine. We pulled the data from all of the websites on our platform using our 5 star rating widget. Almost 50% of consumers rated the wine at the full 5 stars. (The full results are in the graph on the right).
A couple of objection we hear from clients about allowing consumer ratings and reviews are:
The statistics above basically coincide with what we have often thought. There are very few negative consumer reviews (less than 10% of ratings were 1 or 2 stars) and there are an overwhelming amount of positive ratings and reviews.
More importantly, we know that ratings and reviews will increase conversion other industries report 20-50% increase in conversion). So while YouTube debates the merits of its 5 star rating system for video, to me a 5 star rating system on a winery website makes a lot of sense.
What do you think?
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