For the success of your business as a lender on Lendsqr, your Google Play Store rating is far more important than you might think. It gives potential and existing customers an instant overview of how well your business is performing, especially in a competitive market. A strong rating not only builds trust but also increases the chances of your app being recommended and downloaded by new users, ultimately helping you generate more revenue.
Take, for example, a lender named FastCash using the Lendsqr platform. After encouraging satisfied users to leave honest reviews, their app rating improved from 3.5 to 4.6 stars. This significant bump helped their app climb higher in Google Play search rankings, which led to a 30% increase in downloads within just two weeks. That surge in downloads brought in more borrowers, increased loan disbursements, and boosted customer confidence, all without spending extra on marketing.
A high app rating pushes your app up the Play Store charts, making it more discoverable and attractive to new users. It also signals credibility, which is key in the lending space where users want to feel secure about where they’re borrowing money from.
In short, managing your Google App rating actively is not just good practice, it’s a smart growth strategy for your lending business.
Also read: Where and how to get an urgent 5,000 naira loan in Nigeria