Posted on 12th April, 2010 | 1 Comment
Foursquare encourages people to explore their neighborhoods
and then rewards them for doing so.
Now this is a first, the Internet is focusing on local business in a major way. Instead of competing “globally” local business owners now have access to geotagging, using local search location-based services. Think of Global’s Map services. All of which makes the Internet more useful to small business than ever before. And Foursquare is leading the trend.
For a business owner, location-based services are going to be easier to use via a smartphone, but you can get started without one. For example, Foursquare is offering business owners a free signup process and giving them advice for setting up a rewards program for their customers.
Business owners already using Foursquare can go straight to the venue signup page to get started. All Foursquare is asking right now is that business owners limit themselves to places where people tend to gather; i.e., coffee shops, restaurants, cafés and bars. Other storefronts such as (hardware stores, salons, etc.) will be able to join and participate as they develop their capacity to handle more traffic.
Foursquare back in March had just hit the web scene and was taking the social media community by storm. So there will be much more growth in the future. Geotagging is a vehicle that Foursquare has tapped to achieve success. Ingredients that will matter are engagement, compulsion and loyalty, among others, which gently guides users into the sales funnel. If you can replicate the same sentiment that Foursquare users feel when they interact with the service, there’s absolutely no reason why you can’t have that same success.
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