MyProdoktSpace is newly launched social shopping network, and is attempting to use people’s social network and help them in making valid buying decision.
Through MyProdoktSpace, you can connect with your friends and
- Discover, share new products
- Rate various products
- Recommend products to your friends
- Scribble your friend about new products deals etc…
One can add/review products, create product network, and share one’s wishlist using widgets.
Feature wise, MyProdoktSpace has all the elements of a social network (even their name has a “myspace” in it!) but all configured to a vertical niche (i.e. online shopping), which is a sunrise industry.
I liked the overall concept, but do see a huge adoption challenge for the product (as in : why create/join another social network?).
As far as their revenue model is concerned, they should think of lead generation for other shopping portals.
I believe, Orkut’s API will be a boon to such social network-based niche sites. What do you think?