As humans, we tend to want far more than what others are willing to give. Let’s consider gift giving. The average price for top selling gifts in the 1980s and 1990s was $48, compared to $244 for top selling gifts from 2000 to 2011. Today, we love receiving smartphones, tablets, e-readers, MP3 players, and headphones. People are far more appreciative when they receive a gift item they’ve explicitly requested. The problem is the average cost of a gift people actually want—it’s about $207! People are only willing to spend between $20-$30.
What’s the solution to this dilemma? The answer lies in social gifting, a fancy term for collaboration in today’s world. People can share their wish lists via Pinterest, Facebook, and other social networking sites. Friends and family members can decide how much to contribute towards a wanted gift. Once paid for, the gift ships directly to the wish list sharer’s doorstep. Social gifting really is a modern age convenience—there’s no need to visit stores or chase friends and family down for funds.
Would you be willing to share your wish list on social networking sites? Are you someone who prefers receiving explicitly requested gift items? Please share in the comments and check out the infographic below presented by Countmein to learn more!