Yes if your product range is specific to some region then geo targeting will be necessary as well as helpful.
its depend on your website means which type of visitor you want. suppose your website is particular region then it is very important for Geotargeting. you can use google analytics so you can easily see which type of visitor visit your website.
I would say it is vital - There is no point targetting buyers who are in a country you don't sell to.
Google webmaster tool offers geo targeting option in webmaster tool because some times you have .com domain and wants to target it in specific country. In this case your geo-targeting feature will help you to get good ranking. Your domain will also treated as area specific domain.........
If your domain name will be country specific example .com, .co.uk, then geo targeting will be use full.
Google does a pretty good job of figuring it out on their own even if you don't use Google's Webmaster Tools. Google assumes that if you have a domain with a country-coded TLD (.co.uk for instance) that you are targetting people in that country (UK) and will rank your site primarily in the country specific view of their index (Google.co.uk). If you have a domain with a non-country specific TLD (for example, .com, .net, .org, etc.) then Google assumes you want to target peeps in the US or worldwide and will rank your site primarily in the Google.com view of their index.
It totally depends on your business! For all brick and mortar business, it's really important, but if your website targets worldwide customers (ebooks, medicine, access to a software...) then geo is not that important. Or, you start be going large, and then refine by targeting your best markets from the stats you get Cheers!
the answer is : it depends. if your site is geared towards a specific area or group of people than yes. if it is a universal topic then no.
It depends on what you are selling. If you have a local pizza joint then yes geotargetting is important. If you are selling software to a global market it is less important.
yes...yes..yes......! if your primary business is from your own local back yard, yes then do local seo and geo targeting.......critical.