It’s been a while since I’ve been able to write about a shiny new toy here, but I believe we now have a service that can break the stranglehold of the holy trinity of Facebook, Google, Twitter – on this blog. 🙂 Say hi to Foursquare. Towards the second half of last year is when it was hailed by many, including Mashable, Scoble as the ‘next Twitter’/ bigger than Twitter. No, you don’t need to contradict that, that’s been done too.
Though I created an account a while back, I started using it actively last week. So what do I do on Foursquare? Well, I add places, check-in to places that have already been added by others, leave tips for people (no, not the waiters) and get points for doing all this. The places getting added are most usually F&B establishments, though that’s really up to you, because I’ve seen someone adding their own home too. Oh well. If you happen to check in many times, you get to be mayor of the place, until someone knocks you off. The guy who’s added his home, he happens to be mayor of his own home. 🙂 So, yes, it also works as a game, and you can import your friends from other networks. Status updating on Twitter and Facebook are also possible. Considering that I have more than 80 restaurant reviews on my other blog, I think Foursquare and I will get along just fine. 🙂
When I first checked in, I was reminded of Twitter back in 2007. There will obviously be more features built in, it will evolve, just like Twitter has. Location based marketing is only beginning. But unlike Twitter’s cycle, things are faster now. Foursquare already has brand engagement and perhaps even revenue plans. I’d written earlier on Pepsi using Foursquare to fund Camp Interactive. Adage recently had a very good article on potential Foursquare revenue models, with separate working models for small local businesses, brands with retail chains and large multinational brands like Pepsi. Businesses are already testing out coupons based on preferences, for customers in the locality. Many places have Mayor specials. No, Barista, MG Road, Bangalore, obviously doesn’t have one.
In addition to the obvious models, Foursquare has also signed deals with HBO (for a new series called How to make it in America) , Warner (for the new movie Valentine’s Day) , the History channel etc, complete with tips and badges. The other interesting tie-up is with Zagat, a food and restaurant review site, part of which is a weekly ‘Meet the Mayor’ guide. This is more experimenting than what poor Twitter had in its first couple of years, I’d say.
Foursquare already has a lot of competition – from Google Latitude Buzz to Loopt, MyTown, Gowalla etc. Loopt recently launched the LooptCard, which lets mobile consumers avail of offers, coupons and discounts by checking-in to spots. Gowalla recently opened up their API, and a report earlier stated that MyTown had surged past both Foursquare and Gowalla. Foursquare’s traffic has tripled in the last 2 months, but there’s more competition too – Yelp recently started mobile check ins, which is not really great news for players like Foursquare because of Yelp’s existing audience. Twitter has made its move on Local, starting with trends, and will surely expand in that domain. Google Buzz connects to Google Maps Place Pages and being a part of GMail, already has a huge user base!! (Read more about the implications here, here and here) And then of course, is the new 800 pound gorilla in everything social – Facebook. With more than 1.5 million local business listings, they are bound to make a play in local soon. In India, I wonder if one of my favourite services, Burrp, will make a game out of it.
Its amazing how the more things change, the more they remain the same. We’re now back to ‘Location, Location, Location’, but with the new layers of social, and behaviour added. 🙂
until next time, keep reading, maybe I’ll be handing out special Mayor invites soon :p
One thought on “Where are you @ ?”