After the recent acquistion or merger of social shopping/fashion sites ThisNext and Stylehive, I started thinking about Facebook and Shopping.
Facebook is the new Google in the sense that it could hypothetically “own” market segments/sectors if the company devoted itself to doing so. (This was until recently the belief about every new area Google entered.) For example, TechCrunch writes about a new “full featured” webmail being developed at FB — the implication being that it would be highly successful and potentially threaten other webmail clients (read: Yahoo).
Facebook isn’t a good fit for all use cases. But it is for some. Shopping is one of them in my mind. Hearst-owned Kaboodle is perhaps the most effective of the “social shopping” sites but it’s still “under the radar” for most folks.
I conducted a little poll on Facebook the other day and asked people: “If Facebook were to develop a shopping site that offered products or discounts on products would you use it?” I didn’t get many responses, which either says something about me or Facebook. But “discounts” is the key word in that sentence.
Think about a deal of the day (LivingSocial) or group buying (Groupon) or simply a deal center (e.g., RetailMeNot or Ask Deals) featuring money saving offers or incentives that are then broadcast back to others via news feeds. This sort of thing I believe (assuming it’s presented well) would be a massive hit.
Agree or think that Facebook is just for “silly fun”?