Practical Ecommerce

Fancy Is a Pinterest-like Alternative for Ecommerce Merchants

There is a lot of interest in Pinterest. It encourages content curation through user self-expression. With over 11 million users, the site has gained a large following in a short amount of time. However, to date, Pinterest has no model for businesses, certainly not one that actively fosters ecommerce.

Pinterest now has an up-and-coming rival, Fancy, that caters to ecommerce merchants. Hundreds of merchants — representing large and small companies — now use the site.

Fancy calls itself “part store, blog, magazine and wishlist.” It enables users to discover new products, share them with friends and followers, and purchase them from participating merchants.

From a consumer perspective, the site functions similarly to Pinterest. Users post, organize and share images of their favorite things — such as art, fashions, food, and electronic gadgets — that they “fancy,” in scrapbook style.

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Fancy provides a business model for ecommerce merchants.

Fancy provides a business model for ecommerce merchants.

“Instead of thinking of us as a self-expression platform, think of us as really laser-focused on a modern commerce model,” said Fancy’s founder Joe Einhorn.

How Fancy Works for Merchants

Fancy facilitates ecommerce in two ways.

1. “Buy It” button links to ecommerce websites.

Most of the items fancied by users appear to come from products found on ecommerce stores. Fancy offers a “Buy It” link associated with such products that, when clicked, takes users to the merchant’s website to transact the purchase.

2. Purchase products directly on Fancy’s website.

Fancy recently launched a new transaction model that allows users to purchase items directly from its site and involves merchants more directly in the process.

This version requires merchants to find items that users have fancied. Merchants can browse items posted by users, find those contained in their inventory, and place a bid to sell a particular item by clicking an ”I want to sell it” link.

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Merchants click "I want to sell it" link to claim products.

Merchants click "I want to sell it" link to claim products.

This leads merchants to a registration page where, once approved, they set a price and list the quantity available. Users can then buy the item directly on Fancy — and merchants fulfill the orders. Fancy provides merchants with a shipping label to expedite the process. The site makes money by receiving a portion of each transaction.

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Merchants complete the registration page to be included on the site.

Merchants complete the registration page to be included on the site.

That may sound like a lot of effort. But merchants can also generate interest by fancying their own products. Here are three examples of merchants who have done that.

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ActiveDogToys.com lists pet products on Fancy.

ActiveDogToys.com lists pet products on Fancy.

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Lifestyle Bazaar curates products for the home.

Lifestyle Bazaar curates products for the home.

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Slickwraps offers products for iPhone and iPad.

Slickwraps offers products for iPhone and iPad.

Groupon in Reverse

Einhorn calls Fancy a sort of Groupon in reverse. “Instead of Groupon, where the company tells you what to buy and the price, people can decide what they want and merchants can fill that demand with a self-service bid system.”

On Fancy, people learn about items from their friends, people they follow, or with whom they have shared interests. This social orientation lessens the need for consumers to visit specific stores or use search engines to find products to buy.

It forces merchants to find and claim items uploaded by users. Still, merchants who currently use Pinterest may find Fancy to be more profitable in the long run.

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Paul Chaney
Paul Chaney
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Comments ( 3 )

  1. Delia Wilson Lunsford March 8, 2012 Reply

    FYI: Fancy’s button does not include access to https javascript – only http. Using their button on an ecommerce cart then throw an error in some browsers (ie) when the cart goes to secure. Otherwise I would be jumping all over this.

  2. Derek Bacharach March 8, 2012 Reply

    I had a good experience selling on Fancy already. Fancy wants you to create a deal so anything you want to sell you want to discount it and they run the deal for a few days.

    Mine started last Friday and got one sale. There were a bunch of comments about the product over the weekend and then on Monday I had about 12 sales for the product, coming close to running out of stock.

    To get paid, it’s like Amazon in which you have to ship to get paid. You have the choice of getting paid by paypal or transfer to your bank account through PoundPay (which you need to register).

    Only thing I wasn’t thrilled about — again I’m comparing to Amazon — is you cannot put the tracking number anywhere when you fulfill the order. You have a choice of creating a UPS shipping label or fulfilling the order yourself. I chose the latter and it seemed almost too easy to click the I’ll Ship It Myself button and that’s it.

  3. Laura Bauer December 13, 2012 Reply

    Yes this pinboard is a pinterest alternative under http://www.supondo.com

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