Amazon and eBay may be the behemoth when it comes to e-commerce. However, according to a group of technology financiers and e-commerce entrepreneurs, it is estimated that Facebook can give a tough competition to these giants in the coming years. With this anticipation, it is rightful to say that there is a need for a magazine reporting e-commerce on the leading social platforms, Facebook and Twitter.
Some of the investors and entrepreneurs have even coined the term “f-commerce” as an equivalent to “e-commerce.”Some of these online stores are encouraging Facebook users to shop on the website in addition to connecting with their friends.
There is a dearth of information on developing e-commerce platforms on Facebook and Twitter. However, a magazine on the topic can prove to be of great help to entrepreneurs and consumers. Facebook already have a few number of apps that have helped online stores to take advantage of Facebook-commerce. They include Pavyment, Storefront Social, Bigcommerce and 8th Bridge.
Facebook has already listed itself on Wall Street with its popular $5-billion IPO. However, gradually, the Wall Street is going to create a lot of pressure on it to source growth in its profit from other sources than advertising. This is where it would become imperative for the social networking giant to develop its “f-commerce” offerings.
The CEO of Twitter, Dick Costolo, recently revealed that the social media giant is thinking of developing alternative sources, such as eCommerce, of revenue in near future. It is estimated that Twitter would be able to generate over $1 billion in its ad revenue in 2014.
With so much emphasis being laid on eCommerce on these websites, it is imperative that a regular source of information be created to furnish investors, entrepreneurs and social media users about latest news on eCommerce on Facebook and Twitter.