It's been a good week for cool things as a lot of them have found their way to my in-box. Maybe it was luck, or maybe it's because my newest Social Media client is a local restaurant group, but all of these ideas are ones that local businesses can use to drive more revenue.
Mack Collier pointed me to Monitter. It's a web based, geo-targeted Twitter search tool that makes it really easy to search for keywords people are tweeting within a certain geographic area. He's got a great write up of the tool, so rather than blather on and repeat what he said, do yourself a favor and pop over to his post to read all about it. If you're a local business or a big company that sells at the local level, this is a pretty cool tool that could easily help you make more money.
Local Direct Mail is Alive
About a year or so ago I stumbled across Matter and signed up to see what it was all about. It was very cool. The idea was, you signed up, gave them a bit of information about you and then they sent you a box of matter -- real things from real companies. I really liked the idea, especially as it applies to local companies that rely on consumers within a specific geographic zone for business. Sort of a Valpak on steroids. The problem -- it was a UK only effort, still can't believe they sent me a box across the pond. But I figured it was only a matter (pun intended) of time before the idea showed up here in the USA. Seems someone at UPS must either be reading this blog ;-) or they too saw the Springwise post because now UPS is testing something similar with their Direct-to-Door service. The service delivers a small, custom-designed UPS Direct to Door Pak to consumers
in select ZIP codes who were already receiving another package via UPS. Inside the package are samples from companies.
This is an interesting twist on the Matter model. Because UPS is already going to these homes and the Paks are not addressed to anyone, the carry cost is pretty light. On the downside, the brands don't really know who is getting their samples, but the do know what zip code and address got Paks, so for the local restaurant that wants to send a sample of a signature cookie or maybe a promotional item to folks that live within 5 miles of their store -- this works great. Personally, to make the idea really powerful, I think there needs to be more demographic targeting involved, but it's a great and interesting first step by UPS.
Mobile Payments
We live in an increasingly cashless world -- it's all plastic these days. So I've been really interested in the mobile credit card processing arena. While it isn't hard for companies to set up merchant accounts and get swipe machines, it is hard for local artists, non-profit groups (think your local PTA) to do the same. More importantly, when you look at the pop-up store trend, especially now at holidays, the ability to set up a "store" anywhere with little to no lead time or infrastructure (think mobile cart set up in a parking lot of a major mall for instance) is very hard in a cashless world unless you can somehow process payments via a mobile device. There have been other apps like the ProcessAway, which I think it only works on iPhones, but these apps require you to manually enter the credit card number. This takes time and is bound to result in mistyping and frustration. Enter Square. There are two things I really like about Square. First, it uses a card swipe reader that attaches to the 3.5 mic input jack that all phones have. This means no typing and if you process a credit card as a swipe vs typing in the numbers you usually get a better processing rate. Second, and as a consumer I love this one, I can register with Square and they'll affix my photo to my credit card. So when the business swipes my card, a visual confirmation screen appears, which pretty much ensures zero fraud -- which I have to think will prompt Visa, Mastercard, etc to give Square users a better processing rate due to lower fraud.
To me this kind of an app is a game changer. Now the local restaurant that wants to create some buzz can set up the equivalent of a lemonade stand and sell samples or take-out plates anywhere, anytime. So imagine you're at that local strip center of great shops this Christmas. You know the one that has not a single restaurant in it? You're starving but there are more discounts to be had. Out of the corner of your eye, you spy a small food cart from a restaurant you've heard about but never tried. You walk up and are informed it is in fact from that restaurant and today they've been invited by the strip center to serve light shopper friendly lunches. For just $5.00 USD you can choose from one of three hand held lunches. You of course are thrilled as the food looks great and you're starving so you buy two (of course you're shopping with a friend) lunches a soda and with tax you owe $12.50. You hand the vendor your credit card, he processes using Square and presto, the restaurant made a few bucks, exposed you to their food (which you love by the way) and the strip center just figured out how to add a virtually unlimited number of restaurants to their center even though they are 100% leased. Pretty cool eh?
So that's it for this Thursday's edition of Three for Thursday. What'cha think? Good stuff? Oh, and don't forget, if you see anything you think I'd like to cover here, be sure to email it to me. The link to my email is under my picture on the sidebar. And if you liked this Three for Thursday, there is an easy way to ensure you get each and every edition -- subscribe via RSS or eMail using the handy dandy links at the top of this blog. See ya next week.

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