Popular mobile social network Foursquare will open online shop soon. Devoted users will be able to buy branded merchandise including t-shirts, stickers, badges and pins. Shop will be open this summer on Foursqure.com

Location based network is next social phenomenon. In just over a year and half of existence they attracted over 1.6M members, whom are very active and passionate users of Foursquare services.

System is simple – users recommend activities in certain location, new cafe with amazing cupcakes for example. Other users can discover those comments once they are near location. If you frequently check-in from the same location, you can become mayor of that location. And earn virtual badge. And discount from local business. It is addictive and very useful social network that taking advantage from our GPS smartphones. For advertisers and locals it is great way to connect them with consumers. Literary lead them into the shop. Loyal customers can win discounts by checking-in each time they visit shop. Concept is amazingly simple and efficient.

Selling merchandise and badges could present great promotion for hot start-up and additional source of revenue. T-shirts can be customized by cities and activities. And badges can create conversation in real life. Involve virtual majors in chat with locals. This is great concept that can merge virtual social network with real life. And I am sure there will more to see.

Mix this location based social network with discounts from local business, events and city attractions and you can see how huge this concept is. Maybe Facebook and Twitter are slow to make revenue, but I doubt that Foursquare will have the same issues.

Visit website, online or on your mobile. Check your location and you will see big list of discount from local Australian shops. And don't forget to check-in. You may score free burger with your drink.

Enjoy foursquare.com