They provide consumers with a valuable service, but we're looking to change the status quo with YouGetIt.com. YouGetIt.com is the first product to create a complete local social media site for over 10,000 communities across America. We're creating a national network of local and hyperlocal
Orlando, FL (PRWEB) April 13, 2007
It's a huge advertising market that is literally sitting in our backyards, underserved by industry giants like Google and Yahoo: the local advertising market. Local search results and internet yellow pages are the predominant forms of local online advertising, and they are clearly underserving that market, which is projected to be $39 billion dollars in 2011 according to the Kelsey Group.
"Online yellow pages and local search results are the major players in local online advertising," says Andre Forde, President of Web2Corp (OTCBB: WBTO). "They provide consumers with a valuable service, but we're looking to change the status quo with YouGetIt.com. YouGetIt.com is the first product to create a complete local social media site for over 10,000 communities across America. We're creating a national network of local and hyperlocal "E"-conomies. This local network presents opportunities to the consumer that no other media outlet can.
"For example, imagine electronically publishing a coupon on a slow day to drive up business. It is pushed to thousands or tens of thousands of local YouGetIt users who have opted to receive alerts from your establishment. With YouGetIt.com, there is no waiting time between creating a coupon and your customers receiving it, so you can react quickly and inexpensively to events. This may not sound like much, but it represents a complete inversion in how marketers will function online. The base of the advertising pyramid is local. It's the starting point, now, and as advertisers learn more about their markets and consumers they can expand to the regional and national markets. Due to YouGetIt's local focus, though, they will still be able to target audiences just as effectively on a national level as they will at the local. It's not spamming people with ads, but rather serving them targeted ones. This is great for the consumer, who has a less intrusive advertising experience, and the advertiser who receives a higher ROI."
This is only one example of the innovation that YouGetIt is bringing to the local advertising market. With over 12 million businesses already in its databases, and a sales force of thousands of reps being recruited to hand-deliver the YouGetIt.com message nationwide, they expect to be able to capture a significant share of this $39 billion dollar market quickly as YouGetIt.com catches on with businesses and users alike. The Kelsey Group's study also mentions that local small and medium businesses are turning increasingly to targeted and innovative electronic media to deliver their message in a cost-effective manner, and YouGetIt certainly delivers on that front.
"If we only manage to capture a half of a percent of the online local advertising market," Forde continues, "by the end of 2008, we'll still be generating almost $25 million dollars in yearly revenue. As we are creating several new, disruptive market opportunities for local advertising, we expect to have at least five times that much revenue."
YouGetIt.com is unveiling at the Web 2.0 Expo in San Francisco, California, and will open to a limited public pre-beta shortly before the full launch on May 1, 2007.
For more information on YouGetIt.com, go to http://www.YouGetIt.com.
For more information on Web2Corp or for Web2Corp's Safe Harbor Act Disclaimer Notice, go to http://www.Web2Corp.com.
Web2Corp (NASDAQ OTCBB: WBTO) is one of the world's fastest growing new media Internet conglomerates with properties such as the Chamber of Commerce and YouGetIt.com. As a Web 2.0 internet technology development firm, it is dedicated to rapid creation and adaptation of technologies. Web2Corp addresses new markets of users by creating and simplifying useful products, reducing the level of user technical skills required, and lowering prices for consumers. Web 2.0 technologies have become increasingly popular, with the use of Web 2.0 applications such as e-commerce or blogs up more than 25% over the last year, according to comScore networks. The Web 2.0 market generates more than $20 billion dollars of revenue a year, with well-known companies like Google .com, Flickr.com, MySpace.com, eBay.com, and Blogger.com making up the majority of the income.