This data is across multiple markets / products and joining the BBB is one of the things that we recommend early on to conversion clients.
Consumers trust the brand immensely which is sad given the BBB's "protection money" business model.
This data is across multiple markets / products and joining the BBB is one of the things that we recommend early on to conversion clients.
Consumers trust the brand immensely which is sad given the BBB's "protection money" business model.
I'm not kidding. Over time I've learned that when I see the BBB logo I need to be really careful, because scuzzy businesses use it as a cloak. A good example is the "Vancouver Rental Guide" ("Edmonton Rental Guide", etc) which literally sells you the information from craigslist. They cite their BBB credentials over and over to get you to fall for their scam.
When we do focus groups or usability tests with small businesses, they always look at the BBB ratings of the credit card processors on our site. However, I think with our new product Samurai (for online payments - http://samurai.feefighters.com) we'll have a more savvy crowd who doesn't care too much about the BBB.
For those of you who aren't too familiar with FeeFighters - our original product is comparison shopping for credit card processing. A good chunk of our customers are e-commerce businesses, startups, and other "sophisticated" merchants, but we also have a bunch of mom and pop shops (of every sort) who care about stuff like the BBB.
As it turns out, in the couple of months since we had to take the BBB logo off, we have seen no difference whatsoever in our conversion stats.
We've tested across general ecommerce, direct sales sites, lead generation, etc, etc - always comes up with the win when you're testing that "trust symbol" real estate . . .