Why ‘Buy’ Buttons Will Pose Challenges for Google, Facebook, Pinterest
recode.net
recode.net
I don't see the advantage of shopping from Twitter or FB or Pinterest, although again I'm not exactly their target demographic. Are they hoping to prey on teenagers and bored housewives with too much money to burn?
Shopping on 3rd party sites is so horrible. "Oh, wow, free ground shipping... great." And I get to confirm my CC info once more for kicks. And worry they aren't gonna go out of their way to make my one-off $9 purchase right if anything goes wrong. I often pay 2x more to buy something on Amazon than deal with other vendors.
You may be an anomaly, but I think the evidence is quite clear that lowering purchasing friction results in a lot more purchases.
When asked for comment on the above, Varshavskaya did not directly address any of it.
“We’re heads down at the moment with a ton going on, so we’re staying focused on that for the time being,”"
translates to..
"Our model doesn't work.. we're heads down trying to see if anyone will buy us or if we can come up with a completely new idea. If someone will fund us during this time; That'll be really cool."
An inline 'Buy' button can increase conversion rates anywhere from 2-5x which is huge and a win-win for everyone involved:
User: better experience Publisher: higher revenue (CPA) Retailer: more sales
Seems like there could be an opportunity for a service to act as a broker; they could act as a go-between for inventory related tasks and services between the front-ends (Pinterest, FB) and the backends (retailer APIs.) Provide a standard API on both ends (so retailers can update prices, number in stock, tax and such, and front-ends can push buys and get updates.) If they were front-end agnostic, they could save the retailers a bunch of time, and handle API updates all in one place (preventing mass breakage when APIs change, since a good part of their job will be to keep the interfaces up-to-date.)
Retail API broker or something. I wonder if anyone is thinking of doing this already.
It stunned me how many online stores selling millions of dollars of goods per month online are essentially incapable of giving you a csv with product id, quantity in stock, and price.
Somewhere in the shit-mass of code that is their site there must be some way to determine precisely what items are in stock and what the retailer would charge for them right now, but it's apparently incredibly difficult to export that : rolleyes :
Our solution was a combination of a semi-busted daily/hourly catalog export, a site scraper, some machine learning, and some human intervention. It was an enormous pain.
ps -- there are definitely ecommerce sites out there where the price you pay depends on your navigation path through the store. I remain unsure if this was intentional or accidental.
The best attack vector is obviously approaching people like prestashop, 3dcart, tictail, etc and trying to get them all to agree on a format to put pressure on shopify. This would enable pinterest to get tens of thousands of merchants on their site with little friction or data rot.
Tackling per-physical-store retail inventory with the challenges you mention is definitely a whole other thing.
disclaimer: I am an angel investor in the company.
There's a billion different extensions just for Magento for "Product Feeds."
If you try to make it even more realtime, may god have mercy on your bandwidth.
> “They’re threaded into every aspect of the experience,”
Yuck. I never want to see a buy button. I understand the appeal on both sides, but I myself will react unfavorably and likely close whatever account I have.
The web was not always a commercial venture, it used to be purely for information. But, I think the commercialization has lead to a lot of growth and good things, and that's certainly ok.
But the "buy" button is too much for me, it's too much commercialization. I want to control when i'm "shopping" or not and this obviously seeks to blur this. They want me spending more money online; I don't want to. It restricts the shopping experience, removing any chance that you might shop around, or read reviews, which just makes it easier to peddle shit. I really just don't want that shit in my face every day.
But I don't doubt it'll work to some measure. And in some contexts for some users it will make a lot of sense for sure. But I suppose I am not in that target audience.
1. Pinterest never makes money, goes out of business.
2. Pinterest slaps ads up on their website.
3. Pinterest puts "Buy" buttons on every identified product.
4. Pinterest charges you $10/month.
#3 sounds way more palatable to me than #2. And we both know #4 isn't a realistic option.
There's always another sucker website.
The buy button primarily fixes the UX friction of having to leave the experience, go through a horrible mobile web checkout flow, enter your information again, etc...
Imagine those replaced with a streamlined flow (ala amazon single click buy buttons)
I can't imagine shopping for physical goods from Google. From what I hear, their customer service is pretty bad. I think overall that this is a risky proposition for these companies, in that if they mess something up they will have a lot of bad publicity.