Facebook is diving into the Geotargeting world. Google already has multiple tools tied to this technology. Foursquare and Gowalla are the current internet hotties, mostly because the strength of their location-based API’s are so intriguing.  But what does this mean and why should you care? Well, for one thing, it takes the vastness of the internet and localizes it for business and personal use.

Case in point. You’re driving around an area looking for an interesting restaurant. You’d love to have a library of options at your fingertips but too many choices, especially irrelevant ones, are just as useless as none at all. So you push one simple button on your mobile phone and maybe add in the price range you’re looking for. And, oh, you’re in the mood for Thai food. As Emeril would say, BAM! You have the top options right there on your mobile phone, along with reviews. But that’s only the beginning. You also see who you know that’s eating there right now, how long the wait is, and what the specials are for that evening. And because your phone knows where you ate last night, last week, last month, it gives you a comparison in terms of how much you spent, and how many people who ate at the other places you ate at also ate at the restaurant options currently showing on your mobile phone.

This is a basic Geotargeting service that’s been around for a few years now. In the tech world it’s no longer a big deal. But the most important part of this technology is just now being realized, as people become more and more overwhelmed with the vast amount of information available to them (usually for free) online. When it comes to needing/doing things locally, this takes the online world and narrows it down to something as small as a neighborhood block.

Stop for a moment and think about how that can help your business. This technology not only allows them to find you, but you to find them. Hmmm…. Opportunity? We think so.