Foursquare Now 10 Million Strong: Has Your Business Checked-in? by briansolis

VIEWS: 7 PAGES: 6

More Info
									Foursquare Now 10 Million Strong: Has Your
Business Checked-in?
By Brian Solis, industry-leading blogger at BrianSolis.com and principal of research firm
Altimeter Group, Author of the highly acclaimed books on social business The End of Business
as Usual and Engage!




Foursquare is an emerging mobile network that connects people and places through mobile
phones. While it isn’t the only player in the space, Foursquare does appear to be the game to beat.
The 800 pound gorilla is Facebook Places but other geo-location nicheworks are also growing
including Loopt and Gowalla. Each equally bring together the real and virtual worlds, unlocking
the world around consumers through checkins and supporting gaming mechanics and social
effects integrated into the experience. Foursquare has blazed the trail and as a result, it’s
rewarded with escalating consumer adoption and engagement.

In July 2011, Foursquare announced that it had surpassed 10 million users. While that number
may seem paltry in comparison to Facebook’s recently validated number of 750 million active
users, Foursquare’s state is indicative of its potential and also reflective of the future of geo-
location networking. Where we are and where we’re going are potentially divergent, but history
dictates our present. Foursquare is growing rapidly and that counts for everything at the moment.

To mark the milestone, Foursquare released a telling infographic. To better tell the Foursquare
story, I dissected the infographic into stages.

From Zero to 10,000,000




(cc) Brian Solis, www.briansolis.com - Twitter, @briansolis
Just two years into its endeavor, Foursquare hit 10 million users. In comparison, some estimate
that it took two years for Twitter to reach one million users.




Foursquare is known for sharing interesting facts. Here we see that 4.7 million people have
checked into a “Main st” across the U.S. In two years, 169 countries were visited by U.S. users.
Quite telling in terms of international adoption, there are over 358 million checkins outside of the
U.S. I remember a time when I would travel internationally and would have to add every location
I visited. I’d often hold mayorships for months all over the world. It didn’t last very long
however. I don’t believe I hold any international mayorships now.




I believe that one of the most valuable achievements of Foursquare and also services such as
Yelp and Groupon is the creation of a new layer of engagement and relationships between local
businesses and patrons. Foursquare reported the most popular chains across the U.S. Foursquare
breaks out checkins as follows:

Apparel:
Old Navy
H&M
Victoria’s Secret

Banks:
Bank of America
Chase
Wells Fargo

Convenience:
7-Eleven



(cc) Brian Solis, www.briansolis.com - Twitter, @briansolis
Circle K
Wawa

Home:
Home Depot
Ikea
Lowe’s

Retail:
Target
Walmart
Macy’s




Happiness is a metric worth measuring and as such, the Foursquare team did not disappoint. The
team spotlighted three cities, London, New York, and Hong Kong to open a window into the
sentiment associated with each checkin. The blue pixels represent varying states of awesome,


(cc) Brian Solis, www.briansolis.com - Twitter, @briansolis
happy and okay. To the contrary, red represents shifting emotional landscape ranging from black
to sucks to wtf. Interestingly checkins with “yay” outnumber “ugh” 6 to 1.




Even though Foursquare means business, it is an incredibly personal tool. As demonstrated with
these telling facts, weddings and births are not beyond the checkin. To date, over 1,000 birth
announcements were published in hospital checkins. Speaking of new beginnings, between parks,
churches, and city halls, over 6,300 weddings checked in to Foursquare.




Each day, 78,000 mayors are ousted. I know, because I’m one of them. However, only 1 real
world mayor exists on Foursquare. That honor goes to @MikeBloomberg, Mayor of City Hall,
NYC.

The Games Businesses Play with Customers

Boomers and Generation X will remember the days when the Yellow Pages was the
encyclopedia of local business. Now services such as Foursquare bring the Yellow Pages alive.
Add to the fact that the people we know and trust share their experiences and endorsements or
critiques with every checkin, we’re given access to something quite remarkable. Additionally,
businesses are given a special opportunity to learn more about the people who are checking-in
and also about those who are not. Foursquare offers a powerful set of business tools that can help
local businesses, chains, destinations, you name it, more effectively connect with the people who
can not only keep them in business, but grow it as well.




(cc) Brian Solis, www.briansolis.com - Twitter, @briansolis
Indeed, 10 million users isn’t comparable to the numbers published by Facebook, Twitter,
LinkedIn or YouTube. But, the insight that stems from how millions of people experience
businesses, brands, and the world around them is priceless. There’s much to learn from studying
relevant behavior even if it means engagement isn’t yet necessary. However, what businesses
can learn is nothing short of a formula for future relevance, improved sales, and the creation of
more meaningful experiences that yield loyal relationships with networked consumers. Either
way, if you’re a venue owner or a brand, isn’t it time to checkin to the future of business?

Connect with Brian Solis on Twitter, LinkedIn, Facebook



___
The New ENGAGE!: If you’re looking to FIND answers in social media and not short cuts,
consider either the Deluxe or Paperback edition




___
Click here for the Conversation Prism, Twitterverse, Behaviorgraphics, and Social Compass
posters…




___




(cc) Brian Solis, www.briansolis.com - Twitter, @briansolis
Brian Solis is principal at Altimeter Group, a research-based advisory firm. Solis is
globally recognized as one of the most prominent thought leaders and published
authors in new media. A digital analyst, sociologist, and futurist, Solis has studied and
influenced the effects of emerging media on business, marketing, publishing, and
culture. His current book, The End of Business as Usual helps companies rethink
business strategies to lead, not react to, the new consumer revolution. His previous
book Engage, is regarded as the industry reference guide for businesses to build and
measure success in the social web.




Connect with Brian Solis on Twitter | LinkedIn | Facebook | Google+ | Youtube
---
Subscribe to the BrianSolis.com RSS Feed




(cc) Brian Solis, www.briansolis.com - Twitter, @briansolis

								
To top