Giving Ecommerce a Social Twist Wanelo is a online community of people who can link to products they like and share them with their friends, via a corkboard-like interface similar to Pinterest.

What it is
Mash up the words want, need and love, and you get Wanelo, the name of an online community of people who can link to products they like and share them with their friends, via a corkboard-like interface similar to Pinterest. But unlike Pinterest, every item listed and shared on Wanelo is available for sale online. Clicking the "Buy" button redirects users to a retailer's website.

How it started
Rather than having to discover new products from advertisements, Deena Varshavskaya envisioned a platform that would show her what her friends were buying. "It became clear to me that there needed to be a community to create a social experience around shopping," says the Siberia-born serial entrepreneur and web designer. She put her ideas together and launched Wanelo in October 2010 out of San Francisco.

Why it took off
Two words: young women. According to Alexa, a provider of global web analytics, the most active Wanelo users are college-educated females ages 18 to 34, with no children and incomes ranging from $30,000 to $60,000. They're spending about six minutes on the site and 31 seconds per page view. Wanelo also has iOS and Android apps, which boosts the usage rate among its core young demographic.