A new social shopping site that pays a commission when users’ recommended items are purchased by their followers hopes to attract online ‘influencers’ in droves.
Shopa is a website and app that lets users share their favourite fashion items, creating collections for other users to browse and buy.
“Shopa mirrors the fun and excitement of shopping with friends on the high street, whilst bringing all of your favourite items and brands from around the world right into your hands,” says founder and CEO Peter Janes.
It’s not unlike Polyvore or Pinterest, the digital pinboard site, employing a similar clean, white interface, but with one key difference: for every purchase, the recommender gets a commission.]
For that reason, buying is done within the site (rather than linking out to retailers), borrowing the model of affiliate marketing, commonly used by fashion bloggers to monetize their style tips through links to ecommerce sites.
It’s notoriously difficult to make money off affiliate links, because the payouts are miniscule – often pennies per item – whereas you’re looking at around 10% of the price for each Shopa sale.
It’s a decent incentive, and people with a fervent online fanbase – model Cara Delevingne, for instance, who just hit 10 million Instagram followers – could rake in the cash.
If the Duchess of Cambridge, who causes clothes to sell out within hours of her wearing them, set up a Shopa account, she’d probably make a killing. But I’m pretty certain Palace rules prevent this sort of thing.
Plus, her (and indeed anyone’s) success will largely depend on more retailers signing up, because unlike Pinterest, you can’t pick any old photo or pair of shoes to post.
Teens and twenty-somethings are often early adopters on social sites, but it’s unlikely they can afford a £2,000 Valentino coat, no matter how many people ‘like’ it.
Shopa isn’t the first site to attempt to combine shopping and social media. In 2011, Facebook’s Storefront let users open shops within the site, but it failed to take off.
Likewise, Twitter’s ‘buy’ button hasn’t had much traction, so can Shopa buck the trend?
With £7 million of funding behind them and plans to expand into the lucrative Chinese and Indian markets, they’ve certainly got the confidence.
Boasting an easy-to-use site, appealing reward system and a healthy dose of digital buzz, Shopa has all the ingredients of a successful start-up.
If it can reach that crucial tipping point in terms of retailers and users, if big names come onboard, then it could well go the distance and create a nation of Shopa-holics.
For more information log onto www.shopa.com