Showing posts with label Social shopping. Show all posts
Showing posts with label Social shopping. Show all posts

Thursday, September 27, 2012

3 Cutting Edge Social Media Sites That Are Changing E-Commerce


Consider the ways in which we spend our time online: social networking, searching, perusing content, emailing, indulging in multi-media, and online shopping.
3 cutting edge social media sites that are changing ecommerce
In theory, the more needs a site can cater to – while still being focused and navigable – the more time a user will spend on the site.
It’s no surprise, then, that the best social shopping sites on the market broach a number of our online activities, and eliminate our needs for other sites in the process. The goal is to satisfy the most needs with the least amount of effort by the user.

How do you do that?

  • Simplify – a picture is worth 1000 words, especially when you’re targeting female customers. A picture also occupies much less real estate than 1000 words on a page.

  • Streamline –  if a user sees a product they like, they likely want to A) share it with friends, and/or B) buy it. Platforms that allow online consumers to see and share images of products they like are the fastest growing aspect of ecommerce.
The following three sites take this one step further, allowing users to purchase products in the same place where they see and share them.

1. Fancy

Description – “The Minimalist Niche”

Fancy allows users to browse feeds of product and editorial imagery aggregated from other sites via a “Fancy It” bookmark button. Once on site, users can follow friends, create lists, and shop for items spanning myriad categories. The site is constantly fresh with beautiful imagery of new, unique products, all the while being fun to engage with.

Fancy
The more you items you “fancy” on the site, the better your recommendations become. Each week, you’ll receive “The Fancy Five” in your email inbox, containing “wonderful things picked just for you.

The Bottom Line: Fancy is a beautiful site of beautifully photographed products that would rarely otherwise be found without exhausting hours perusing niche blogs and sites on the regular.

2. Lyst

Description – “Smart, Organized, Specific”
At first glance, Lyst resembles a more traditional fashion-oriented e-commerce site, with top navigation including links to What’s New, Men, Women, and Designers. The catch is the site’s has a social angle that helps you discover the best fashion for you, based on your preferences. Lyst’s stylefeed keeps you up to date with the latest and greatest from your favorite designers, boutiques, bloggers, and stylists, all of whom you can elect to follow on the site.

Lyst
The end result is a one-stop-shop where you can search, shop, “influence and be influenced,” all in one place. You can even subscribe to instant sales alerts on products saved to your lyst. Just to be sure you really don’t need to leave the site, Lyst also allows you to link your Pinterest account.

The Bottom Line: For the shoppers who love the organization of department store caliber e-commerce stores, but lack the inspiration or direction to navigate wide product assortments on their own, Lyst is dreamlike.

 3. Pose

Description -”The Social Mobile App and Online Shopping Marriage”
Pose is a mobile app similar to Instagram’s user-uploaded photo feeds with comment threads, but it enabled users to attach brand names to items pictured. As opposed to seeing something you like and simply admiring or wondering.

Pose

Pose’s functionality gives you enough information to go the item yourself. Just this week, though, Pose removed that big search step, bringing their platform online and extending it to include shopping functionality straight from the tagged products in users’ photo feeds. Pose’s new online shopping layout is also tried-and-true: nearly identical to that of Pinterest.
The Bottom Line: If you ever desired to buy something you saw on Instagram or Pinterest, look no further.



Sunday, July 22, 2012

Why the Future of Pinterest is Stuff Magazine


Pinterest is a (burst) bubble without a viable business model.  The magazine industry has a dead business model.  But together, the two could combine to create next generation of profitable social commerce.
In a nutshell, Fréd, prolific blogger and author of one of the best presentations to date on social commerce, suggests that the next phase in social commerce is curation via a creative combination of “blogging and boarding” – curated and personalized product selections (powered by a next-generation social recommender system) that combines Pinterest-style boards with editorial content.  Ultimately these may evolve into virtual shop assistants with a ‘meta-basket’ allowing shoppers to add products from different vendors as they browse.
From this perspective, the problem that social commerce solves is that it reduces choice by filtering out the junk and presenting users with a personalised range of options – informed  by the selections and opinions of others.  In other words social commerce makes shoppers smarter by acting as a smart intermediary between vendors and shoppers.
Whilst social shopping apps such as ThisNext, Fantasy Shopper, Fashiolista ou Shopcade may come to mind, what comes to mind for us is Stuff Magazine, the FT’s brilliant How to Spend it app, or even the lowly Consumer Reports/WhichMagazine.
One part Flipboard, one-part Pinterest and one part Stuff magazine is the recipe for the next social commerce success story.

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