Combined with a paid referral system, which provides sizable in-app credit sums for those who send out friend invites, Flip is also appealing to Gen Z's penchant for authenticity and/or disdain for blatant paid endorsement.
Though users are obviously meant to scroll through endless videos of people trying to sell them things, paid and sponsored posts from brands are strictly prohibited. Five unnamed brands who crossed the line in that regard have already been kicked off the platform.
Third-party sellers are also barred, meaning users can only buy beauty and fashion items from US brands directly - of which 1,000 are listed, and 7,000 are slated to be by the end of 2023.
While it's undoubtedly a risk to go up against TikTok directly, where users trust the creators they're buying from and shopping is secondary to entertainment, on paper the app has a decent chance of sustained success if it plays its cards right.
Data shows that around 76% of Gen Z shoppers read customer reviews before making a first-time purchase online to discount scams and to gauge overall item quality. I personally have a Trustpilot shortcut immediately available on my Chrome account.
Nonetheless, Flip currently resides in a strange middle ground where it isn't quite as entertaining as TikTok, nor as 'gold standard' as Amazon for product selection or delivery turnaround.
It also remains to be seen if such a hefty financial outlay in customer acquisition costs - aka offering generous in-app credit for invites - will be a sustainable in the long run.
Necessity is no longer the mother of invention, convenience is. But where does Flip reside on that scale?
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