Aside from Google, one of the most important websites for small businesses (and their social media agency or department) is the crowdsourced review site Yelp!. If you’ve eaten out lately, you’ve probably seen the little red “People Love Us On Yelp!” sticker on the door. I know I personally use it quite a bit when trying to find new places to eat, and I review places on it quite frequently, so I thought I’d share some fun facts about Yelp!, because we’re all kind of tired of election news, right?
1. Yelp! is unique in that most of its site traffic is generated on its desktop site and not the mobile site! You wouldn’t think this would be the case in 2012, but 60% of searches are from regular computers, and the company’s mobile apps are used by about 7 million people. Yelp.com gets 78 million visitors per month. However, like other social media agencies, mobile is starting to gain some serious footing.
2. Every star on a review means about a 5-9% jump in revenue. Yelp uses a rating system like movie critics do – using stars. Every “star” a place gains on it’s Yelp rating means a revenue jump, according to a study by Havard professor Michael Luca, who found a correlation between high revenues and high Yelp! ratings.
3. Most places that get reviewed aren’t restaurants. I was especially surprised by this, considering restaurants are primarily what I have used Yelp for, but in 2011, shopping venues reached “parity” with restaurants. The “restaurant review site” perception still exists, though, as restaurants do have the natural advantage because they see far more customers than, say, your doctor’s office would.
The social media agency can definitely take advantage of Yelp!, as it offers the user a direct chance to voice their opinion in a public forum. This gives you feedback in very nearly real time to see if a campaign is doing what it should and engaging an audience. Just don’t encourage people to review – artificially boosting your Yelp! rating does more damage in the long run.