
Location-based advertising (LBA) as defined by Wikipedia is “a new form of marketing communication that uses location-tracking technology in mobile networks to target consumers with location-specific advertising on their mobile devices”. Recently, a slew of location-based social networks have been creating a buzz including Gowalla, Loopt, Yelp, MyTown and, most notably, Foursquare which has rapidly grown to almost one million members.
As marketers, any time there is a large gathering of people, be it online or offline, our ears perk up and we take notice. Like the little capitalists we are, we rub our hands together and ask ourselves: “how can we use this to promote business growth”?
As it happens, location-based media makes it easy for us by offering several options for businesses and, with a range of levels of involvement to commit to, most businesses can benefit from getting involved. Here is our list of how you can get your hot little hands into the action.
1. Get Listed
Whether or not you plan to fully embrace lo-so (that’s location-based social networking), you really should take a few minutes to make sure your business is listed correctly in the most popular sites. This delivers two benefits. The first and most obvious is that it allows you to be found by people participating in these networks. The other is that it helps you to be found by anybody browsing the web by boosting your SEO (Search Engine Optimization).
2. Do Your Homework
As with any foray into a new medium, if you plan to go beyond the basic step of listing your business, it’s important to take time to understand the community. Spend some time learning how individual members and businesses interact within the platform to avoid looking like an amateur.
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