Location Based Social Media is one of the newest types of social media, and it is made to attract customers to your store or restaurant. Using smartphones, users have a Gowalla or Foursquare app that lets them search for businesses near where they are based on their location at the time, and they can "check in". Businesses can create promotions to make coming to their place more attractive, and the more creative the promotion the better. A restaraunt owner could have a promotion like "If 5 Foursquare users are checked in at the same time, drinks are half off" or "Free appetizers on every fifth check in".
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