The modern world of consumption is characterized by the steadily growing e-commerce sector and a large variety of shops, brands and providers. According to figures from the Federal Statistical Office (2019), 84% of Germans have already ordered something online and almost a third of users make at least one online purchase per week (Statista, 2019). These numbers have grown since the pandemic, as 36% of Germans indicate that they now purchase more products online (Bitkom, 2020). In order to make the right purchase decision in this unmanageable variety of offers, consumers are increasingly orienting themselves towards recommendations from other customers who have already bought a product and who share their experiences with other users (Lis & Korchmar, 2013). While in the past buyers were mainly influenced by advertising and personal sales advice, studies have shown that today many consumers not only proactively seek digital recommendations, but also prefer them over traditional information sources (Bickart & Schindler, 2001; Heckathorne, 2010; Mourali et al., 2005). This digital communication between consumers is known as electronic word-of-mouth (eWOM) and the most relevant form are online product reviews (Lis & Korchmar, 2013).
Continue reading “Do we trust product reviews? Acceptance factors behind electronic word-of-mouth (eWOM)”