Foursquare will soon begin making daily deals available to its 10 million users, after partnering with sites such as LivingSocial, Gilt Groupe and others. It is also in talks about a similar arrangement with Groupon. The company will be passing out coupon deals from these marketing partners and taking a piece of the revenue for those it sells. Despite its growing user numbers, Foursquare had yet to monetize its service very effectively so this could be a big step forward for the location-based app.

Foursquare