YouthStream Enables Localized E-Commerce
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In a move to localize e-commerce, YouthStream Media Networks, operator of college community site mybytes.com, said it will match local merchants and college students utilizing technology acquired from World Web Publishing.
World Web specializes in Internet marketing for small, local businesses. Using World Web Publishing's technology, mybytes.com will be able to offer local businesses the benefits larger companies are gaining from their Internet marketing efforts without making small companies change the way they conduct business, YouthStream said.
Local merchants will be able to establish and maintain an online presence through mybytes.com via a standard fax machine.
This allows merchants to have an online presence without having to invest in a computer or learn a complicated new technology. Merchants can set up their e-commerce site on mybytes.com and reach students locally for a much lower price than creating and promoting a site on their own, YouthStream said.
When students order online, the order is automatically sent from mybytes.com to the merchant's fax machine, where it is processed just like a telephone order.
"This technology overcomes two key limitations that have prevented localized e-commerce from really taking off," said Ben Bassi, president of YouthStream.
"The first is a technical limitation: until now, many local merchants have not had the technical capabilities or equipment to set up shop on the Web.
The second limitation merchants have faced is finding a way to present their products to a significant number of consumers in their local area.
"We plan to revolutionize the college market by providing local merchants--many of whom don't own computers with Internet connections--with the ability to conduct e-commerce simply by using a fax machine."
"I am pleased that our unique technology will be implemented into an innovative Internet site such as mybytes.com," said Andrew Tschesnok, director of e-commerce products for YouthStream.