Pinterest Vs. Fancy

It’s hard not to notice the wave of Pinterest lately – an online scrapbook of some sort. The idea of Pinterest is definitely not new. In the past, I have stumbled across many Tumblr blogs that have a similar layout as Pinterest. Here’s a quick video about how Pinterest works: 

Although Pinterest has been gaining member sign-up momentum, it is reportedly to have a pretty non-existent revenue stream right now. The founders are currently unsure about how to convert the traffic into revenue. Full article HERE. Another similar looking website called Fancy, has beat it to the punch of monetizing on images that users have collected. Fancy allows merchants to “claim” the links of certain images that users upload in their collection. This is its bio:

“Fancy is part store, blog, magazine and wishlist. It’s a place to discover great stuff, to curate a collection of things you love, to get updates on your favorite brands and stores and to share your discoveries.

Use it to create a catalog of your favorite things around the web and around the world.

When you find something you love somewhere on the web, Fancy it.”

My guess is that Pinterest may take that route into consideration or come up with an entirely different business model. The question still remains – is there enough space for more than one social scrap-booking site on the web?