We utilize our ratings on ebay and on dealerrater with our customers once we have established a rapport with them. Some times we use it to back up our service, and other times we've been able to bring in customers who got quotes that were lower from other dealers pointing out our good history and it's probably not worth trying to save $200 elsewhere in the long run.
For the most part, we use ebay to sell parts as our website doesn't get much search engine traffic, and adwords was getting to be a little too much money for our margins. It seems more of a culture thing at ebay for customers to leave feedback, however, when we ask our customers to rate us online, they are happy to. We have a testimonial section on our website, but it is just snippets of reviews customers left on dealerrater. If our website supported it, we would just frame it in!
As it is, customers can learn a lot about dealers online, but that also means dealers who know how to use it to their benefit will also see success in it. I suspect with the way it's growing, Amit, you'll see the number of reviews grow to what you might consider valuable enough, quickly. I just hope we have given ourselves enough of a lead. A bit of a chicken and the egg thing. We have 80 or so reviews on dealerrater and our competition is still in the 20s and 30s. I think that's enough to make an opinion on, but not near our 300+ ratings we have on ebay. A lot of our ebay reviews look like school grades (A+++, well ok, not MY school grades...) and don't provide much substance, but then again, we're selling parts on it, not cars so there's less to talk about process wise I guess. When it comes right down to it though, it's fairly easy to get customers to write a review if you just remind them to.
For bad reviews, when they come in and they will as no one's perfect, being able to answer to it quickly is the answer, especially if you can fix the problem before CSI, make right with the customer, and have them update their review. That might not always work, but you have to try.
Sorry, just saw the customer-rater.com idea, haha that would be a great parody site - or even a good learning tool for new sales people...if blocked to the general public of course!
OK, enough procrastinating Generation Kill is almost on,
Jamie