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Daily Mirror editor says to forget about SEO
On the personal recommendation casual or impulse shopping side of things, I believe that some of these shopping ideas have the potential to work on a small scale and in a grass roots way.
As to growth of serious shopping on the web, beyond the scope of established specialty retailers, I believe that the missing piece is the information architecture that underlies a good search function. If you know exactly what you're looking for, you just go to Google or your fav maven site in the category. If you're browsing for yourself or gifts, however, with just a general idea, there isn't a single network yet that'll return many if any results, other than eBay.
I do believe that this is an area with massive growth potential, but have not seen anyone come close to executing in it yet.
Vera
Aggregation (as opposed to linking/webbing) of individual recommendation and reputation, applied to products, is the interesting question (imo).
imo the key word in your comment is community. A community is more than a congregation of people. I checked out Crowdstorm and was impressed by the fact that, despite all the product recommenders being anonymous, they give a good impression of being real and reputable. Tough thing to pull off. It often hinges on what I term micro authority (as well as communication skills, of course), and is most widely evidenced online for things tech related.
On the question of bringing in wider selection of products, here's the first idea that comes to mind. You could deliver a broad pool in any category that you have (an) active respected member(s) advising in and offer them as not yet commented on. When one gets recommended it moves into that primary category/area. Maybe also handpick through personal relationships a few maven types in categories you'd like to see the selection broadened to.
Vera
Sounds a bit like dig then doesn't it...
As for Social Networks and shopping, here's my two cents. I think Amazon has "not-so-quietly" been moving in to become a player to be reckoned with in the world of Social Networking and Shopping... they are missing on a handful of building blocks, but they are not far from it, in my opinion.
My business partner, John, and I have developed a site that we believe will offer members a solid community experience and provide a practical shopping resource. We also have a few unique features that should add to our utility quotient. Check us out at www.dealarmy.com.
Tom