Shoot for the enterprise, and even if you miss, will you land amongst the consumer?

Posted by Soniya Monga

A couple weeks ago, we took a look at how Foursquare is increasing social capital and spoke to the company directly to understand their thoughts as they evolve into an emerging social web player.  But what about the vehemont public reaction that Foursquare is nothing more than what some may cite as an impractical fad?  This public reaction is furthered solified by the number of foursquare apps for individuals that have hit the market.  Take AssistedSerendipity.com, for example, which notifies individuals when a nearby destination reaches a desirable male : female ratio.  Or even Avoidr.org which which notifies you if an 'enemy' on your friend list checks into a nearby location.  It can be argued that these apps help paint the picture of foursquare as a useless fad. 

Perspectives, developed by Awareness Inc., which aggregates the who, where and why of consumer penetration with regards to their location, could potentially spearhead the shift that validates Foursquare as a serious tool for marketing and business, as it easily outlines the value of location based monitoring.

Could the development of these applications begin an emerging trend of moving towards business-based foursquare apps rather tha a focus on consumer-based foursquare apps?  Perhaps.  Enterprises like Starbucks already track financial numbers for their individual locations. Using tools such as Foursquare Perspectives, brands can see which individual locations have the highest repeat ratio (customer loyalty), the highest amount of total check-ins as well as a relatively low number of check-ins.  In today's highly fragmented social web, all this information can help enterprises tailor their campaigns and brand commitments.

Yet, a number of questions remain to be addressed, as companies look to build on using Foursquare for the enterprise space.  Chris Selland pointedly asks the following questions, on the Enterprise Irrelgulars blog:

-Will Foursquare accept the endorsement of companies building on their platform (a la Twitter) or will they build a closed off platform like Facebook?

-What is the incentive for consumers to continue to check-in?

-Can the Foursquare concept translate from places to products?

-Will Foursquare users readily rid themselves of privacy concerns?

What are your thoughts or comments on these concerns? How do you see the future of foursquare as a integrative commodity? We'd love for you to share your feedback with us!

Company:
Awareness
Website:
http://www.awarenessnetworks.com
Location:
Burlington, Ontario, Canada

Awareness helps companies build and operate branded Web 2.0 communities. These online communities let customers, prospects, employees, or partners connect with each other and share content. At the core of the Awareness solution is an on-demand social media platform that combines the full range of Web 2.0 technologies—blogs, wikis, discussion groups, social networking, podcasts, RSS, tagging, photos, videos,... more

Company:
Foursquare
Website:
http://playfoursquare.com/
Location:
Seattle, Washington, United States

We're all about helping you find new ways to explore the city. We'll help you meet up with your friends and let you earn points and unlock badges for discovering new places, doing new things and meeting new people. more


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Soniya Monga

Soniya Monga

From the world of finance to high fashion, and non-profits to technology, Soniya is currently exploring the power of the digital landscape for business to business marketing as a Relationship marketer within Microsoft Canada’s Small and Mid-Size business community. Soniya’s background includes roles at Morgan Stanley along with previous stints in Public Relations at Faulhaber PR. She has been... more



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