FashionStake Puts Consumer Power at Your Fingertips
References: fashionstake
FashionStake is a revolutionary social media marketplace that brings democratic values to shopping. It allows consumers to vote on which upcoming designs they want to see produced.
Vivien Weng created FashionStake after she realized that many fantastic designers weren’t getting their pieces made because of the corporate disconnect between emerging ideas and the every day consumer. On top of that, many of the designs that she felt were sub par were somehow getting through only to end up performing poorly -- a process that usually ended up in those unsuccessful designs wasting fabric that could have been used on items that would actually sell. In order to change this problem with the emerging fashion system, FashionStake puts the power of making decisions in the hands of the people who will ultimately decide whether or not a line of fashion is successful: the consumers themselves.
Vivien Weng created FashionStake after she realized that many fantastic designers weren’t getting their pieces made because of the corporate disconnect between emerging ideas and the every day consumer. On top of that, many of the designs that she felt were sub par were somehow getting through only to end up performing poorly -- a process that usually ended up in those unsuccessful designs wasting fabric that could have been used on items that would actually sell. In order to change this problem with the emerging fashion system, FashionStake puts the power of making decisions in the hands of the people who will ultimately decide whether or not a line of fashion is successful: the consumers themselves.
Trend Themes
1. Social Design Marketplaces - Democratizing fashion design and production through social media marketplaces.
2. Crowdsourced Fashion Design - Leveraging consumers' design preferences and data to create emerging fashion trends.
3. Consumer-driven Product Development - Empowering consumers to dictate what products get produced and sold in the market.
Industry Implications
1. Fashion - Revolutionizing fashion design and production by incorporating consumer preferences in the process.
2. E-commerce - Providing a unique and innovative shopping experience that empowers customers to make purchasing decisions.
3. Crowdfunding - Integrating consumers' opinions and votes to create innovative products and services through crowd-supported funding initiatives.
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