Back in June we reported that Foursquare was offering a paid promotions program to New York City based businesses in a limited pilot.
Today Foursquare announced that its paid ads program now is open to all small businesses. The company says it has 1.5 million claimed-business users. The expanded ad program would give business access to consumers in the pool of 40 million consumers that use Foursquare. An update on the company’s blog notes:
“Here is a problem that all local business owners know: They want to get more customers, but tons of people walk by their storefront without coming in. We created Foursquare Ads to solve this problem. We can connect great local businesses with the people nearby that are most likely to become customers.
Today, we’re opening Foursquare Ads to all small businesses around the world. We’re moving past the days when business owners have to figure out if a “like” or a “click” has any meaning in the real world; now they can tell if someone who saw their ad actually walks into their store.”
Ads appear at the top of the user’s list, in a different color along with the word “Promoted” next to them (see image above next to the arrow).
Businesses can create an ad using the Foursquare ad platform online or via mobile. Businesses will only be charged for a consumer who actually “acts on your ad – either by tapping to see your business details or by checking in at your business.”
The ads will be shown to those consumers who are near your business and who Foursquare says are likely to become customers. Foursquare will evaluate the consumer based on whether they’ve checked in previously at similar places or searching for something similar to your business. Foursquare says it will never show your ad to someone who is already at your business — thus you won’t be giving up discounts to those who are already customers.
Right now American Express is offering a $50 ad credit to U.S. based small businesses to try the new Foursquare ads.
Nothing else about how you use Foursquare as a business appears to have changed. It remains to be seen whether this will result in less activity unless you pay for it.
Image credit: Foursquare
How does a business go about getting the $50 credit from American Express?
Hi Robert, when you go over to the Foursquare advertising page, it’s right on there. Here’s the page with the terms and conditions for the offer:
I think it’s a long-awaited update from Foursquare. It’s a great solution for small business and I don’t think users would mind if the promoted small businesses are, indeed, offering top-notch services and products.
What a great place to promote your food or local business. People are Foursquare are always looking for some places to visit. If you’re wise, you’ll use this to the benefit of your business.