As social networking has become a fixture in our lives, it’s only natural that the personal exchanges that occur in our offline lives — like gifting — are migrating to the virtual realm, too. I’ve looked on with some curiosity as the concept of virtual gifting has taken hold in and other venues. Can gifts that exist purely in digital form really take the place of tangible, physical presents?
On Facebook, gifts often take the form of graphical tokens that are sold for a small cost (typically $1) and are displayed on the recipient’s profile. They have no functionality beyond the symbolic — their value comes from being tokens of good will or affection, along with being the virtual approximation of a very visible display of flowers delivered at the office.
So are people really buying these things?
I’ve personally sent some of the freebie versions of the Facebook gifts in the past year. Apparently, I believed that these tokens had some value both to the recipient and to me since I went to the trouble of sending them. On the other hand, I was never convinced enough to actually spend real money. By , however, Facebook is currently selling them at a rate of about 270,000 gifts per week — equivalent to $15 million in revenue, annually. Clearly, a lot of people are not like me — for them, the nominal monetary cost is outweighed by the convenience and symbolic value.
At WOWIO, we’ve been thinking about this phenomenon and considering it against the more traditional venues for gift giving, such as greeting cards and physical objects like books. WOWIO’s ebooks straddle the line between virtual and physical — as digital files, they’re clearly in the virtual realm, but as a medium for ideas and communication, they’re not so different from their paper counterparts. Further, the ebook’s written content has a powerful inherent symbolism that can go far beyond the purely visual representations of Facebook-style tokens.
Given this natural fit, we developed a new feature at the WOWIO site that allows registered users to gift ebooks in just this way. In sending my own ebook gifts, the process is remarkably familiar — it’s not unlike shopping for a paper-based gift book. I find a title that fits with the purpose of the gift and resonates with my relationship with the recipient, virtually wrap it in a decorated dust jacket appropriate to the occasion, and write a note on the ebook’s inside cover. The big difference is in the immediacy and relatively low cost of the gift. Delivery is as instantaneous as the Internet can make it, while the pricing ($3–5) makes it much more of an impulse gift, like Facebook’s tokens.
It will be fascinating to see how this fares in the coming months. If any of you are using (or even just thinking about using) , I’d love to hear how you are using it and what you think of the process.