Nick, I like those thoughts as well. This is a fun topic. The e-commerce spin is something FB definitely could bring a unique advantage too as well. Like I said, I think there are a number of ways that they can move to serious revenue generation. Regardless of the strategy they ultimately follow though, it seems that time is of the essence. Hope all is well man.
Mystic Liquid
· 1 year ago
I think Facebook is on the right track. I just hope they do not sellout completely and ruin the experience for the user.
zuckerborg
· 1 year ago
But users always prefer open solutions to walled gardens.
Facebook will need to become more open or they will go the way of Friendster.
Nate Too
· 1 year ago
I don't quite understand the social shopping experience and all that it might entail. Can you explain?
If, by social shopping FB hopes to get friends to vouch for products such that they all end up buying the same stuff I don't really see that as being what consumers really want. Web 2.0, blogging, MySpace, etc. has been the movement of making it your own, standing out as an individual, having one's own domain (such as you have here). All that seems counter to the holy grail of social shopping. Unless, as I said, I don't really understand the social shopping experience.
IdeaTagger
· 1 year ago
I think the mega search dollars could come an alliance between FB and one of the major search engines, but not in the way that most people have been talking about. I have posted more about this on my blog but in a nutshell, the integration could be very effective with three ’simple’ features:
1)A tab for results tailored based on your FB profile; 2)A simple button on the Search results page that lets you turn your unresolved queries into questions for (selected members of) your FB network plus anyone who has subscribed to answering questions on that topic; 3)The ability to do web search with the above two features, either directly on the search engines site or within FB.
Simon Owens
· 1 year ago
I don't know if this has been brought up yet, but I think that Facebook should create its own email system that ties in with its inbox message system, so that in addition to being able to send messages internally to your friends on facebook, you can also send messages externally to non-facebook users. that could make it a competitor with gmail
davemc500hats
· 1 year ago
adding 1) Search and 2) E-Commerce / Payments are 2 pretty good bets for how FB could increase monetization.
All Comments
Facebook will need to become more open or they will go the way of Friendster.
If, by social shopping FB hopes to get friends to vouch for products such that they all end up buying the same stuff I don't really see that as being what consumers really want. Web 2.0, blogging, MySpace, etc. has been the movement of making it your own, standing out as an individual, having one's own domain (such as you have here). All that seems counter to the holy grail of social shopping. Unless, as I said, I don't really understand the social shopping experience.
1)A tab for results tailored based on your FB profile;
2)A simple button on the Search results page that lets you turn your unresolved queries into questions for (selected members of) your FB network plus anyone who has subscribed to answering questions on that topic;
3)The ability to do web search with the above two features, either directly on the search engines site or within FB.
we'll see...