February 8th, 2010
2010 really looks like the year of location-based social networks, and the news industry seems to agree. The Metro publishing group recently announced a partnership with Foursquare; once a site user says where they are (done via GPS), relevant articles from Metro’s Canadian papers will be pulled into the program, providing site users additional information about the neighborhoods, restaurants and stores near them.
While this move may make some waves for Metro, and may drive some incremental traffic to the Metro group of sites, some may question the move’s overall value for the news company.
Here are three additional ways news organizations — and the business units that support them — can leverage location-based social networks such as Foursquare to make money and drive some incremental traffic:
- Highlight local landmarks, must-dos and other activities in a multimedia tour. Location-based services such as GoWalla and Foursquare were created, essentially, for social urban explorers: people who like to go to new places and tell others about their travels. Local news organizations can encourage their writers to create content about landmarks and partner with advertisers to create promotions and deals for tour goers along the way.
- Drive SEO by encouraging local lifestyle writers to post links to reviews/articles on location pages. While not a location-based social network, Urbanspoon allows bloggers to link their restaurant reviews to restaurant pages through a special embed code. (Example here.) Social media leads at news organizations can encourage restaurant reviewers to post restaurant reviews as “tips” on venue pages, feature writers to link to pieces on local landmarks on those pages, and so on. Then, when site users check in to a certain location, they may click through to the newspaper article pages from the network venue pages.
- Partner with location-based networks to become their sales force. If a local news organization were to show interest in Foursquare, it could become its local sales division, helping draw in new users, new deals and new locations. The quicker Foursquare, GoWalla or MyTown grow, the more likely that site is to become the location-based social network of the future.
How else can mainstream media organizations leverage location-based social networks in a way that makes them money? Please share your thoughts as a comment on this post!
Addendum: Foursquare has announced partnerships with Zagat, Warner Bros., HBO and ExploreChicago. No other news organizations have signed on with the service, but the partnerships, as reported by Mashable, are quite interesting.