On April 12, Jeff Glueck, the CEO of Foursquare, published a post on Medium predicting that Chipotle’s first-quarter sales would be down nearly 30%. That was based on foot-traffic stats built from explicit check-ins and implicit visits from Foursquare and Swarm app users who enable background location.

Some call it alternative data. It’s not like the norm we’re used to in marketing statistics and data collection, in the past, but with our smart phones in our pockets, our smart watches on our wrists, and soon our smart earbuds in our ears, the data companies will have on where we are and what we’re doing will be unfathomable. Marketers rejoice.

Note – Currently this data is more accurate especially in cities versus suburbs/rural areas where it may have less usage.

You know what your target consumers are actually doing (before/during/after).

It’s based on their interests and what matters to them. You aren’t checking into something unless you have a purpose or interest behind it.

According to Fast Company – The company’s 35 million users have helped created a database of more than 50 million points of interest, from bars to restaurants to ice cream shops. While many companies have powerful location databases—Yelp, Yext, the Yellow Pages—Foursquare’s database is unique in that it’s inherently social: It was built on the 4 billion check-ins that users uploaded via the app.

It’s one thing to write a review, or state what you think on Facebook, it’s another thing to actually go somewhere and spend time there on a regular basis. Your habits and where you go, are a part of who you are as a person. Ask yourself, what did you do today? You’re likely to mention where you went, right? There you go. Foursquare has a timeline of where you went and in turn your target consumers. They know the % of consumers who are likely to go a nail salon after the gym or perhaps the grocery store. These trends and accurate points are helpful in knowing when they’ll visit your brand because it’s not just about being near the store/location, but when they actually step foot inside (which Foursquare can tell you).

You can create content and opportunities that really matter to your consumer and target them accordingly

Brands (along with their internal teams and agencies) can also work with Foursquare to determine the right content and approach for your specific audience based off the data collected. For example, your brand could consider targeted offers, or partnering with a retailer to provide a more exclusive opportunity. And with Foursquare’s offering pinpoint your brand can provide targeted content specifically based off of the data, where consumers actually go, utilizing their ecosystem of apps (including publishers/advertisers), audience segments (creating custom audiences based on the data and interests), and lastly working with partners (examples include but are not limited to AT&T, Samsung, and more).

Bonus:

And as a fun little scoop, most recently Foursquare determine who the audience was to visit comic con most and their related habits – as seen here.

Hello  “search and discovery” and “alternative data” – the new Foursquare. The Foursquare that most brands are thirsty after.

1. See what they’re reading – sounds unexpected, but it’s true. Think about the content your brand would put out and see who else is writing similarly. It could be a competitor, or it could be an influencer, or it could be an author. Consider checking out blogs related to yours and see who is leaving comments. What do they have to say. What do they have questions on? What do they feel is most important? What relates to their needs and interests?
2. Understand their needs – That leads us here. Listen to what they’re saying. Listen to them in social media. Keep listening to what they tweet, post, and comment. Make a list of what it is that they struggle with. What obstacles they’re trying to overcome. How can your brand help? What can your brand offer to fulfill those needs? For example, can your brand offer content or a product to help? If not, canyour brand partner with someone else who can to share the value given?
3. Learn their interests – By learning what else they like outside of what your product and service, you can potentially offer more value. You can also target them better. For example, Amex learned their audience loved music, and wanted special access to events. What did they do? They gave it to them. They offered them exclusive offers to events, and an ability to have access that wouldn’t have been possible otherwise.

Once your brand has a grasp of what they’re doing outside of your brand. What their needs and interests are…then what?

1. Create the content – Create content that can be geared towards your audience. It can be an email campaign, blog posts, and/or social media content. For example if your brand wants to start simple, perhaps it’s through Instagram and Pinterest first. Allowing your brand to be discovered through hashtags and search. Providing short, visual content, that allows your consumer to receive small snippets of value, while building out your arsenal by learning what works and what doesn’t.
2. Repurpose It – When you create a great piece of content, leverage it further. For example if you have a blog post that is awesome, use some of it in an email. Take  a quote and post it on Pinterest and link back. Share a valuable point through Twitter with a relevant hashtag. Syndicate it on another medium.
3. Target it – Use the interest targeting and demographics data and target it to the audience you want. If you want awareness, broaden your target a bit, to get more fish.

In the end, your audience is always a moving target. Like any individual they grow, change, and evolve. Their interests and needs change with them. Keep listening, and learning, and in turn test and see what works.