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	<title>mathewingram.com/work &#187; ecommerce</title>
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		<title>Can shopping work with social networks?</title>
		<link>http://www.mathewingram.com/work/2006/11/26/can-shopping-work-with-social-networks/</link>
		<comments>http://www.mathewingram.com/work/2006/11/26/can-shopping-work-with-social-networks/#comments</comments>
		<pubDate>Sun, 26 Nov 2006 21:34:57 +0000</pubDate>
		<dc:creator>Mathew</dc:creator>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[MySpace]]></category>
		<category><![CDATA[Social networks]]></category>
		<category><![CDATA[ecommerce]]></category>
		<category><![CDATA[shopping]]></category>
		<category><![CDATA[Web2.0]]></category>

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		<description><![CDATA[Looks like the American Marketing Association has its eye on social networks like MySpace as the shopping malls of the Web era. The AMA came out with a survey on Friday that said 47 per cent of people would go to such sites to research Christmas gifts &#8212; and better still, 29 per cent said [...]]]></description>
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<p>Looks like the American Marketing Association has its eye on social networks like MySpace as the shopping malls of the Web era. The AMA <a href="http://www.usatoday.com/tech/news/2006-11-23-social-shopping_x.htm">came out with a survey</a> on Friday that said 47 per cent of people would go to such sites to research Christmas gifts &#8212; and better still, 29 per cent said they would buy things there if they could. You could almost hear the &#8220;cha-ching&#8221; while reading the story.</p>
<p>This idea has been commented on already by (among others) Muhammad Saleem at <a href="http://themulife.com/?p=339">The Mu Life</a> and Pete Cashmore <a href="http://mashable.com/2006/11/24/myspace-store-could-make-billions/">at Mashable</a>. As Froosh <a href="http://www.watchmojo.com/web/blog/?p=920">points out</a> at HipMojo, News Corp. has been looking for ways to &#8220;monetize&#8221; MySpace ever since they paid more than half a billion dollars for it. But how best to do it? Not everyone is crazy about the idea of Wendy&#8217;s and Burger King setting up profiles for their advertising characters, and it&#8217;s hard to blame them.</p>
<p><center><img id="image761" src="http://www.mathewingram.com/work/wp-content/uploads/2006/11/shopping.jpg" width=300 alt="shopping.jpg" /></center></p>
<p>So how to integrate selling things with something like MySpace &#8212; or even just regular blogs, for that matter. As Pete has mentioned, there are plenty of companies trying to solve that problem, including <a href="http://MyPickList.com" title="http://MyPickList.com" target="_blank">MyPickList.com</a> or &#8220;social shopping&#8221; sites like Crowdstorm, Wists, ThisNext and others. But the one I think has the most potential, although it doesn&#8217;t get written about a lot, is Goodstorm and its <a href="http://mecommerce.goodstorm.com/">&#8220;MeCommerce&#8221; service</a>, which is still in early beta. </p>
<p>In effect, it&#8217;s a sidebar shopping widget that allows blog readers to click and buy things without ever leaving the sidebar. It needs some work, but it&#8217;s an appealing idea &#8212; click to select a book or T-shirt or DVD, then click and enter your details, then click to buy it. And 50 per cent of the revenue goes to the site that hosts the widget. Goodstorm <a href="http://developercontests.blogspot.com/2006/10/goodstorm-kicks-off-api-developer.html">recently launched</a> an API developers&#8217; contest to see what kinds of widgets people could come up with.</p>
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