The 2.7 Billion Dollar Question
By Kathryn • Mar 20th, 2009 • Category: 26th Story, Big Ideas, Web/Tech
I had no idea Amazon made money off of customer reviews. Did you?
Jason Kottke linked to an article on User Interface Engineering which explains how it works:
“As we’ve watched Amazon customers make purchases on the site, we can clearly see that promoting the most helpful reviews has increased sales in these categories by 20%.(One out of every five customers decides to complete the purchase because of the strength of the reviews.) From this, we can project it has contributed to Amazon’s top line by $2.7 billion.”
The 2.7 Billion Dollar Question begs its own question: what other little steps have produced revolutionary results?
Kathryn
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