Third Wave Fashion // JULY 2013 // THE WEDDING TECH ISSUE | Page 20

T R E N D WA T C H Inspiration Inspiration-based commerce can almost be applied to all purchases. An unfathomable amount of a consumer’s purchase is inspired by good marketing, or through the perusing of countless Pinterest boards. It is important, then, to position the brand so it becomes a hub of inspiration and gets the core customer to buy things they may not have considered before visiting the storefront, whether on- or offline. We take a look at brands that are doing this well. One of the biggest players in this arena is Lyst. Lyst provides inspiration through aggregation of real-time information from the web, tailored to show consumers the designers they love. Lyst continues innovation with the recent launch of fashion’s first ever integrated checkout with multiple retailers on one simple page. Lyst’s aggregator makes it possible for customers to discover new products and actually buy them (as their stock levels are highly accurate). Customers no longer face the problem of an inspirational piece that has long been sold out. e Fancy is another visual discovery site similar to Pinterest or We Heart It, but focuses on fashion products and monetizes through an affiliate revenue model. Users are encouraged to share what they “fancy” and can find new things to want along the way. Following Birchbox’s lead, Fancy launched a monthly subscription box service full of new products for subscribers to enjoy for $30/month. Birchbox on the other hand, is strictly a monthly subscription service that sends customers a package of things they will love. Birchbox customers receive curated boxes of beauty samples and has a powerhouse of editorial content for fans. e company is expanding in home decor and mens, with 300,000 subscribers as of March 2013.   Meanwhile SVPPLY, acquired by eBay in September of 2012, encourages users to register and keep track of things they like, similar to Fancy. e connection of a user’s social media shows them new products their friends like too. Shopilly works as a discovery tool with no products involved. is messaging app neatly compiles all commerce based email, purchases, and brands, and puts them all into one spot for easy browsing by the consumer. Shopilly hopes to promote discovery, increase engagement, and, finally, to provoke the purchase. Users can simply ‘follow’ their favorite brands to discover new product launches and lines. Alternately, AHAlife features luxury products curated by tastemakers and rich editorial content that tell the stories of the products. Whether they use beautiful editorials, unique products, visual discovery, or even aggregation, these inspiration based brands do the job of making customers buy that which they may not have known they wanted and drive business. ere were 81 Inspiration-categorized companies listed in the ird Wave Fashion fashion tech database as of press time. To learn more, contact us or subscribe today! // 17