Monday, February 08, 2010

Oh look. What do we have here? In exploring Facebook's redesign, I spied a new tab under "Account," called "Credits Balance." When you click on it, it opens this:

So here we can guess that soon you'll be paying for all of that virtual clutter people are sending (That's YOU, farmers) and those endless games of free Bejeweled could be coming to an end. But bigger news, if my theory is true, is that Facebook has finally found themselves a micro-purchasing revenue model (which includes buying social ads and likely more to come) and quietly rolled it out buried in a redesign.

Congratulations, Facebook. You just may be all growz up. Your parents, also known as investors, will be so proud. And rich.

6 comments:

Ben Kessler said...

Yes, this is the system Facebook has been using for some time now to purchase gifts and Lala credits to send songs to friends. I believe 10 credits are a $1 and up.

But bigger than just using this for purchasing this on Facebook - imagine the next step, which is most definitely underway. Facebook Connect is featured on some 60,000 sites now, allowing users to create accounts, and login simply with their Facebook credentials. Now imagine you can purchase from retailers like Threadless, shops on Etsy, etc. while logged into your Facebook Connect account.

Facebook then becomes what Google Checkout failed to be, and will face off as a PayPal competitor.

Stacy S. Jensen said...

So, does this mean that I'll probably see fewer farmers and mafioso on my feed? This could be a good thing for me.

Anonymous said...

its a really cool feature introduced by google and it has good sense....

Roxanne said...

I liked your posting about social media and find it helpful. I also love social media and work in the industry full time. My blog is at www.socialmediarox.blogspot.com

Are you on WordPress?

ashjohnathan said...

Hey guys i have been using online shopping carts for a while and i have found a way of doing it on Facebook by it you can import your products, connect your store, and you're ready to go!
With Storefront Social you can Showcase your products on your facebook page and it enables you to interact with your customers.If you have several products, adding a category to them will help segment the products on your storefront.Storefront Social provides preconfigured Social Share buttons that allow users to quickly showcase and share a specific product.
You can highlight and feature specific sales or new items Storefront Social allows users of specific plans to highlight and feature special items.The Buy Now! button is a great advantage of storefront and by clicking it you can instantly connect to the online store.


Storefront Social

Get facebook shop said...

Do you remember the last big product launch of Google, of which no one is talking anymore, and not even considering it.