Three months after Facebook announced it had hired Oodle to run its classifieds business, Marketplace “2.0″³ is launching on Facebook tonight.
Like Facebook’s original Marketplace application, Oodle’s new Marketplace application will primarily focus on the “private party” market – individuals selling things to other individuals – instead of primarily focusing on local advertisers.
How has Oodle revamped Facebook Marketplace?
1. The new Marketplace takes a “conversational” approach to classifieds listings. The listing process is light, and asks users “Why are you selling it?” This is intended to start a conversation around the listing, and comments are aggregated on a listed item’s “Wall.”
“We think a lot of fun things happen in classifieds, and it’s not all about selling. The fact that you’re selling your couch provokes an interesting conversation, and we want to fit classifieds into that,” Craig Donato, Oodle’s CEO, told Inside Facebook today.
2. Marketplace places a large emphasis on items listed by your friends – not just people in your local area. Why? Marketplace aims to take advantage of the way communication on Facebook works to make it easier for people to list things on Marketplace that they would never email their friends about.
For example, take the example of trying to borrow a power washer to give your driveway its annual spring cleaning, Donato says. While emailing your friends about that may seem a little too in-your-face, putting up a Marketplace listing and hoping someone sees it in their feed is a lower priority way to share that that could feel more appropriate for some people.
3. Marketplace makes it easy to “sell for a cause.” The Causes application on Facebook has shown that people like to express themselves through the causes they support. Oodle is leveraging this by creating a way for Facebook users to sell items to benefit charity.
Oodle has partnered with Network for Good to build a list of thousands of non-profits that users can “sell for.” When a Facebook user donates an item to sell for the cause, Marketplace promotes that along with the listing. (However, because Oodle is not getting in the middle of transactions, you’re essentially making a pledge when you “sell for a cause” – Oodle will send you an email to actually enter your payment information and complete the donation later.)
“While my wife wouldn’t go and clean out the garage for a yard sale, she might do it if it would benefit the Samaritan House,” Donato said.
Cracking the Classifieds Nut on Facebook
While Facebook’s original Marketplace application never gained widespread adoption, Donato said he is optimistic about the company’s new version rolling out tonight.
“We designed the classifieds experience around the way conversation happens in Facebook,” Donato says. “In addition, we have a lot of infrastructure we’ve been building for the last 4 years designed to maintain quality control, do fraud and spam detection, auto-categorization of listings, and so on.”
“Ultimately, classifieds are very social. You meet the person online first, but you always end up in a face to face interaction. A lot of people are freaked out by the anonymity of sites like Craigslist, because they end up at your house the next day. There’s the nice weirdo filter aspect that now you’re dealing with people you at least know something about.”
Oodle’s Relationship with Facebook
While Donato wouldn’t detail the nature of the company’s business relationship with Facebook, general signs point to a revenue sharing agreement as the Marketplace service grows. In addition, Donato said the application won’t get any special treatment from Facebook in terms of APIs or promotion.
The company is inheriting the Marketplace name, but other than that, “Anyone could have built this,” Donato says.
Facebook Connect? Listings Staying Inside Facebook For Now
Donato said that Facebook Marketplace listings will not be syndicated out to the rest of the Oodle network because they company “still needs to figure out the right boundaries.” However, Donato said that Oodle will be allowing users to do so in the future.
In addition, Donato said that while Oodle has not yet implemented Facebook Connect, it is “coming soon.” Connecting Oodle’s web marketplace to Facebook through Connect is certainly a logical next step to expand the size of the overall marketplace.
Conclusion
The new Marketplace is by far the best approach we’ve seen yet to integrating classifieds with the way people use Facebook. Oodle’s “conversational” approach takes the right direction by making classifieds about more than just a sales pitch, but rather the story behind the person selling the item.
What categories will Marketplace on Facebook be strongest in? Besides merchandise, most likely things that have to do with finding other people. “Jobs, roommates, personals,” Donato predicts. (While dating isn’t a part of the release tonight, personals have done well in general on the Platform so far.)
“We tried to understand what would motivate someone to post in an environment where you’re sharing personal information with your friends,” Donato says. “We want to help users share even more.”
March 3, 2009
source: insidefacebook.com
2 Responses to “Oodle Launches Facebook Marketplace 2.0, Aiming to Make Classifieds More Social”
While your boss seeing a listing for your old adult magazine collection might make for some interesting water cooler conversation, it’s probably not what most users are looking for. Facebook is definitely a great tool for mass marketing, but there are going to be some things you just won’t want some (like all of your friends) to see.
I think iList’s “promote” feature has got it right; allowing users to select which listings to advertise on social networking sites, such as Twitter and Facebook. Your friends can help you promote your listing by sharing it with their networks and your audience continues to multiply – social classifieds at its best.
Whether Facebook Marketplace is the right fit for Oodle or not, news of the partnership on various blogs is most likely increasing traffic on the site, a positive in most lights.
I agree, iList’s “promote” feature offers terrific reach.