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SortPrice

Silicon Valley American Marketing Association

The Silicon Valley American Marketing Association is hosting a discussion on Data Feed Optimization as part of an explosive e-commerce marketing plan.  If you are in the Palo Alto area and can swing it, you should not miss the Web Strategy Morning Forum.

From the SVAMA event description -

“E-Commerce sales are skyrocketing. Comparison Shopping Engines are the new shopping malls. Window shopping is now Microsoft Windows shopping. Prepare your e-commerce business for what’s next.

Linda Bateman of VerticalRail.com will host a discussion about this dynamic new e-commerce marketing opportunity. Topics include data feed creation, data feed optimization, and formatting feeds for comparison shopping engines such as Google Product Search, NexTag, Shopzilla and Pricegrabber. If you run an e-commerce site and are not optimizing your data feeds in Google Product Search, you’re missing the train. Learn “What’s Next” in this exciting new frontier.”

This event is open to SVAMA member and non members.

Members – $5
Non-Members – $15

When: 26 February 2010
8:00am Networking & Coffee
8:30 to 9:30 Presentation

Where: TIBCO Software Inc., 3303 Hillview Avenue Palo Alto, CA   [Google Map]

For more information and to RSVP the event, visit http://www.svama.org/site/event_details/64

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Sounds like the title to a children’s book.  The potential ramifications certainly point to thousands of Facebook users suddenly giddy with child-like excitement upon receiving notification that the special item they have had on their wishlist is now available at the price they are willing to pay. And it is a simple Facebook Application.  So right there in my toolbar, I now see every application that can get me through any day: Farmville, Mafia Wars, Bejeweled Blitz, Foodfight and now… Wishlist.

Wishlist. Brought to you by the clever people at SortPrice.com.  http://apps.facebook.com/shopping_wishlist/ (of course you must be logged in to see anything at this link)

wishlist

But what does it do?  How does it wrangle potential shopping masses from Facebook status additions and virtual farming into a comparison shopping realm?

It’s not that complicated.  This application allows you to shop for things, find them, COMPARE them to others, read and write reviews and then place your wanted items in a wishlist.  Sounds like Amazon.com, right?  The difference is with Facebook  the items in your wishlist are broadcast for all to see, either on your profile or on the live feed to your friends.  You can also elect to not have those products posted and visible.  If a friend clicks the product you have posted, they are taken directly to the merchant’s site that is selling the product, presumably after dropping a tracer through SortPrice.

This is a HUGE advantage to merchants advertising in SortPrice.  It brings e-commerce to the fingertips of an incredibly diverse audience, who already spend a large amount of time on Facebook.

But wait! There’s more!

wishlist2

It wouldn’t be your standard issue Facebook application without some sort of competition with others on Facebook.  Monthly,  SortPrice and Wishlist hold a points gathering competition to earn  $100.00, usable towards items on your own wishlist.  So there is the strategic motivation that Facebook game players seek: who can get the most points?  Doing different things within the Wishlist application earn you points. Simply adding items to your wishlist can get you points.  It’s a shoppers Facebook dream!

Could this be the hook we’ve all needed to bring e-commerce to the masses virally through social media?

I am eager to hear how this worked for SortPrice and their merchants following the holiday season.

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Comparison Shopping Engine Holiday Rate Changes

by lynbatNovember 4, 2009 Comparison Shopping Engines

‘Tis the season!
For e-commerce stores, that simply means being aware of the annual tradition of comparison shopping engines hiking up their costs per click. In an effort to capture a bit of their own holiday glee, CSE’s like Pricegrabber, NexTag and Shopzilla raise their rates by as much as 25%.
How does that work?
Cost Per Click [...]

Read the full article →