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Online retail seems to get a new Flavor every week
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Social applications like Wrapp allow Facebook users to buy or present games that can be stored on handheld devices. The lure for advertisers lies in low marketing costs and an ocean of consumers to appeal. Apps like Wrapp are essentially a consolidation of the most equal trends, i.e. social networking, online gifting, and changeable shopping.
E-gifting is still believed to be in a nascent leg. It accounted for only a small portion of the results recorded for the heritage roster activity, subterminal twelvemonth. E-commerce is increasingly ethnical where Facebook recommendations and purchase history across networking sites affect income. Thus, the larger brands such as Starbucks are endorsing multi-social gifting. Interpersonal e-gifts developers are also on the ascent with CashStar providing such services to nearly 200 retailers.
Also referred to as "Facebook Commerce", this business and activity pattern is deemed influential enough to take the radiance away from Groupon whose online discounted deals were senior year's e-commerce variety.
Retailers are realizing that social gifting gives them the quantity to mesh targeted shoppers by paying peanuts as compared to stuffy publicizing methods. For instance, Wrapp doesn't bill its retailers until a literal deal is completed. This is like a perform-and-
Nevertheless, numerous online retail trends are spent forces in the recent months. It remains to be seen whether social e-gifting can sustain itself in the long run.
Page Updated Last on: Jul 24, 2012