If you don’t understand what Foursquare is, you’re just like 98% of all Americans. Feel better now? But you probably should know what it is and a bit about how it works, so you can understand its implications for the quickly emerging power of what we call geo-location and geo-targeting services.

Most people know what OnStar is. Or even Lo-Jack. They’re computer and satellite driven resources that know how to find your car in case of trouble. Take that concept and put it on your mobile phone. Then look at your phone as having the capability of being OnStar or Lo-Jack headquarters, where you can see where everyone in your network is. Real time.

But say you have a lot of friends. And you only want to know where those geographically closest to you are. Just use your phone to “check-in”, sharing where you are (i.e. Kung Pao China Buffet). The technology Foursquare offers lets your friends see that you’re there. You can also see which of your friends are there, or at another place close by. Like maybe within four square blocks of where you are. Get it?

Then get the restaurants, movie theaters and retail stores involved and allow them the opportunity to entice you in. They’ll offer free food, special coupons, and even ego-centric virtual power trips like making you the “Mayor of Kung Pao China Buffet” with extra little perks. All because you frequent that establishment more often (or just first). There’s more to it, but this is enough to give you what you should probably understand.

So, who cares you ask? For now, only about 2% of America. But think about the implications of this technology being at everyone’s fingertips. Very Big Brotherish, but also very convenient. Now, think about what will happen when Facebook takes it and runs with it, which they intend to do very, very soon.

Stand by. It’s only just begun.

Tags: foursquare, geo-targeting, Marketing Technology, mobiletagging
Posted in Automotive Marketing, Consumer Behavior, Location Based Social Networking, Marketing Technology | Leave a Comment »