Before we dive into today's question, is Yext worth it, lets discuss what it even is, how it works, and how much does it cost per location.
So, What is Yext & How Much Does it Cost?
Yext puts your business on the map from one central hub on the cloud so you can access it online wherever and whenever you want. It’s engine syncs to over 70 services in the PowerListings® Network. Yext Directories, Pages, Profiles and Reviews help businesses internationally boost their brand in their local area, drive traffic in other channels than just search, and increase sales directly and indirectly.
Yext is essentially an easy way to buy over 70 high quality links to your website without the risk of getting penalized by Google. Google does not see Yext as a link building scheme, but just because Google trusts Yext’s PowerListings, don’t get this confused with other link building techniques that might be considered black hat SEO and will hurt your website. Yext is one of the very few ways to buy links and not get whacked with a penalty that will cause your rankings to plummet.
Yext currently offers 4 small business package solutions (as of June 2017) ranging from $199 to $999 per year with over 150,000 businesses utilizing their software. This brings us to the question now, is Yext worth it?
The Bang for Your Buck
Yext is a little more expensive than other local SEO listing tools, but it is also a direct feed into your directories, reviews, and profiles. If you were trying to get your listings published fast and need to show results (or reports) to your team or boss, Yext would be a good option. The important listings are updated instantly, some others can take up to 72 hours, and while less important ones can take up 30 days. If you have ever tried to setup and submit to these profiles manually, it can take hours and hours of your time, not to mention 90 days plus for your listings to be accepted and posted live if you are lucky enough to get them accepted first try. Updating a phone number, URL, or address manually would be a nightmare across all platforms!
As far as what happens to your listings when you cancel or don’t renew your package, the additional data that was added via Yext's API will no longer valid or displayed once you stop paying (they call it no longer a "trusted" listing). We never had one revert back to a pre-listing status. Yext uses one of the many large databases: Factual. Chances are that by submitting to Factual the other data aggregators will pick up your listings with time, even if you have not submitted to them.
Some key features and benefits:
- Build brand awareness and dominate your local area.
- Control everything under one cloud based hood with one username & password that saves you time and aggravation.
- Build 70+ high quality inbound links to your website within 30 days effortlessly.
- Faster updates equal less downtime and more profits. Plus automated scheduling so you can plan in advance.
- Review and reputation monitoring makes you a trusted business.
- Trackable data with analytics so you can automate reports.
- App directory with 26 (as of June 2017) pre-built integrations into Salesforce, Hubspot, Zendesk & more.
- Keep your contact listings consistent with duplicate listing suppression so your customers aren’t confused. Especially useful if you open a new location because this is when extra listings get auto generated or merged with incorrect mixed up contact information.
- Get extra features such as pictures, feature message call-to-action, videos, menu & service pages, and more so you stand out from the rest.
- Smart address formats and multi-lingual content support so your international locations don’t get lost in translation.
Update: an independent study quantified the following benefits from Yext’s Location Data Management solution over a 3 year period & found that YEXT provided a 169% ROI within just 5 months. To learn more about this case study & view some other powerful statistics, check out our Yext Local SEO Infographic.
Some important statistics about Yext and local SEO:
- According to Google, 76% of consumers who use location search on their mobile devices visit a business within one day, and of these people 28% make a purchase!
- A Yext survey conducted of 31K locations found that businesses who include enhanced content received 416% more profile views.
- In recent research conducted by Yext, 95% of surveyed consumers reported finding incorrect information about a company online. 63% reported that this happens a lot. 91% indicated that finding incorrect info about a business had negatively impacted their experience with that business.
Our Professional Advice
Your time is valuable and could be spent better in other ways such as content marketing or on-page SEO. These strategies are effective in lead generation and take a lot of time to develop. Ask yourself, how much time and hassle will Yext save you? You can easily make up the cost of Yext by utilizing that same amount of time elsewhere and a recent study found that you will not only payback your investment, but start seeing an impressive return within as little as 5 months.
Also keep in mind, the updates you might need to make in the future such as a changes of address, new phone number, different holiday hours or opening a brand new location. How much foot traffic and revenue will you loose if it takes 90+ days to update all those directories, profiles, and review sites online?
All in all, we use Yext for our own company and our client’s businesses as well, because we know Yext it is worth it from experience. We have used Yext with other marketing and SEO strategies in conjunction and have always seen a boost in leads and sales. After all, reaching our goals, as well as our client’s, in the most effective and efficient way increases profit margins and lowers cost-per-acquisition.
If you need help deciding which Yext package to buy, or how to use Yext most effectively within your current marketing strategies, contact Tag Marketing today. We have the knowledge and experience to get your company to it's goals faster. PLUS, we are partnered with Yext and can save you $299 upfront and $199 each year there after!