Want to upgrade Google My Business profile with Google Guaranteed badge for $50 per month?

Google tested the idea of subscription-based services for GMB in April 2019. Google is starting to offer Google Guaranteed certification for a monthly fee, outside of Local Services Ads. It’s positioned as an “upgraded profile” that will include a badge appearing on the profile and which may also appear in the Local Pack.

Below is a promotional screenshot captured by Tom Waddington, who said the new upgraded profile is promoted within the Google My Business dashboard.

New upgraded Business Profile promotion from GMB dashboard
New upgraded Business Profile promotion from GMB dashboard

Cost is $50 per month

The cost is $50 per month, subject to Google Guaranteed’s normal eligibility rules, which include background and licensing checks. The annual cost of the program would be $600, assuming you are all set with eligibility requirements.

Google Guaranteed was introduced in connection with Local Services Ads to instill greater consumer confidence in the advertised businesses. However, it has also evolved into a distinct program used to certify local businesses for inclusion in Google Home/Assistant search results.

A little reminder. Last year, Google introduced a similar program for professional services called Google Screened. Assume Screened is next if Google decides to roll out upgraded profiles to professional services categories.

CTR boost?

There’s no public data on any CTR or engagement lift from the presence of a Google Guaranteed badge, but we would speculate that such profiles do and would see higher click-throughs. Below is another screenshot from Tom Waddington showing the Guaranteed badge in a Local Pack. The listing with the badge calls more attention to itself.

Google Guaranteed badge on Profile and in Local Pack

Google’s market opportunity

In April 2019 Google sent out a small business owner survey, that also went to digital agencies. Among other things, it asked about enhanced GMB services and profile upgrades and how much businesses might be willing to pay for them. Verified profiles and Google Guaranteed certification were among the options in the survey.

We have long believed that subscription fees, for new or enhanced services, were on the GMB product roadmap as Google looks for new offerings for small business customers. Google is also looking for ways to more directly monetize GMB. :)

The Google Guaranteed badge does that without clawing back and trying to charge for any existing features, which is what the local SEO community was afraid of. CallJoy, one of Google’s first experiments with a subscription model (outside of GSuite) was shuttered. The virtual agent for SMBs, which answered the phone and transcribed calls, was $39 per month.

There are roughly 30 million SMBs in the U.S. according to the Commerce Department. Google hasn’t published any public numbers but let’s assume that the company has the most comprehensive set of business listings online and that there are more than 20 million locations in the database (90% of which are single location businesses). According to a yet-to-be-published analysis of 800,000 business listings from Whitespark, 49% were claimed. That is Google’s “installed base.”

Google: an “experiment”

A Google spokesperson provided the following comment in email: “We’re always testing new ways to improve our experience for our advertisers, merchants and users. This experiment will show the Google Guaranteed badge on the business profile. We don’t have anything additional to announce right now.”

Why we care?

While there’s no guarantee of success, competition may help drive adoption of the Google Guaranteed profile upgrade. If business owner A sees that owner B, her competitor, has the badge that will likely generate inbound interest.

Let’s assume this program is successful and remains available. There are two paths forward: one in which Google adds new features to the “upgraded profile” that offer additional incentives to participate and another where there’s an a la carte approach, similar to what Yelp has done. However we don’t see Google coming up with too many independent upgrades.

Google’s market opportunity here is in the millions of potential customers. For example, if Google were to successfully upsell two million businesses that had claimed their listings it would represent $1.2 billion in annual revenues.

For now, Google Guaranteed works for the United States and Canada.

For additional info and registration click this link.

If you missed it, also check 13 optimizations steps for Google My Business in 2020.

Source: searchengineland.com