Yelp launched a new service for businesses to estimate the revenue that is generated from their reviews website. The service is called Revenue Estimator and it allows businesses to track the number of customer leads are generated from their Yelp profile. Yelp also provides an estimate for how much revenue is generated from the leads. The numbers are based on data from The Boston Consulting Group on average consumer spending across different retail categories.
The Magellan SmartGPS is not your ordinary GPS that simply just talks to you. The SmartGPS integrates social, local, and mobile content from Yelp and Foursquare. You can sync navigation data like favorite places and contacts with your PC and smartphone. The SmartGPS communications with Magellan’s Smart Ecosystem, which is a cloud platform with an extensive database containing up-to-date and location-relevant social media data along with navigation content. SmartGPS consumers will be able to see maps and see reviews and offers from Yelp and Foursquare for restaurants, stores, and services near-by. The SmartGPS displays “squares” that graphically flip between service establishments as you drive. When you tap on the square, you will see detailed information about the venue.
Jane Perez was sued by Dietz Development for $750,000 after posting negative reviews on Yelp and Angie’s List. Now a judge has ordered Perez to remove portions of her negative feedback. Perez accused Dietz for bad workmanship and jewelry theft in the reviews.
Yelp CEO Jeremy Stoppelman talked at Business Insider’s IGNITION about how they handle fake reviews. The company has a review filter that tracks signals that are coming in. Yelp decides from there which reviews that they want to show. Some businesses even put ads on Craigslist to purchase positive reviews on Yelp.
Yelp is one of the most popular online recommendations and listings website. Yelp is a public company with a market cap of around $1.47 billion and they have acquired European rival Qype. Yelp is paying 18.6 million euros for all of Qype’s shares and is adding another 970,000 shares of Yelp’s Class A common stock. This brings the total worth to around $50 million U.S.
Now when you tap on restaurants, repair shops, dentist clinics, etc. on Apple Maps, you will be able to instantly see the Yelp reviews for them. Yelp has made it’s way into integration within Apple Maps, which has significant improvements over the previous default Google Maps app. This app has turn-by-turn directions and a 3D fly-over feature.
Yelp has set up a new feature for small business owners. Business owners can now sell gift certificates through thie profile. This feature followers Yelp Deals, which launch last summer.