Ok, maybe this list will need a little more explanation for the entries so people unfamiliar with geo domains or just learning about geo domains can understand the benefits more easily. Some entries seem self explanatory while others can be a little less clear. Try to describe the benefit in enough detail so someone outside the industry or just learning about the industry will more easily understand it.
J-B & Cyber, I'm a little unclear on the following entries so far, can you elaborate a little bit on these:
Huge advantage over local competitors. (how?)
Owning a geo-targeted name will help to prevent competition and confusion. (how and why?)
Cost effective, much better than print advertising (why?)
Larger audience online (do you mean versus not having a website at all?)
Detailed tracking of traffic. (is this a specific benefit to geo domains or just websites in general?)
Easily update your advertising camaign for holidays and events. (I'm unclear on this one)
According to studies, geo targeted names tend to be more memorable which is important for marketing (Do you have a link to any of these studies, I'm with you on this one but would be nice to have a link to back it up before I add it to the list)
My hope would be we could develop this list so that anyone trying to develop geo domains can use it when talking with advertisers/local companies. The list would give the advertiser/local company plenty of easy to comprehend reasons why they should do business with our geo sites.