First of all, do you have any idea what Yelp is selling?
In 2012, Yelp became a publicly traded company on the US stock market, so revenue is more important than ever. Today, about 70% of Yelp’s profit comes from paid advertisements, like those the company solicits you for by phone. Your listing at Yelp is free, so what do you need to pay for? Yelp offers local advertising on search engine results pages for a business’ location. The company can also add your information to your competitors’ Yelp listing (not search engines) and remove their advertisement from your Yelp listing. In addition, the paid services can include a slide show, call to action button, and video on your Yelp listing. Packages start at $300 and go up to about $1000 per month, according to Yelp’s advertising page.
Does your dental office need Yelp’s paid service?
As of January 2013, Yelp had over 100 million visitors per month, and about a third came from mobile searches. This sounds huge, right? Well, Google was pulling in 100 billion searches per month in late 2012. In July 2013, Bing claims to have had over 19 billion searches, and Bing is second to Google in the search market, so there’s no one in between. Yelp, however, is not a search engine – it’s a review site, like CitySearch. Google has a review site, Google+ Local, and then there’s Yelp. There are also industry-related review sites, like the government-based HealthGrades.com, and paid review sites like Demandforce and Rate a Dentist. Angie’s List also comes to mind. There is no unbiased research to tell us how many people search for dentists on any particular review site, so we have to make informed decisions based on our best judgement. Enter the statistics… Read More