About JR Ridinger

Ever wonder what inside the mind of Internet mogul and CEO of Market America Jr Ridinger?  Beingjrridinger.com is a business entrepreneurial site that seeks to educate aspiring and established business owners on business, leadership & management, success, social media and relevant issues in today’s business world. Entrepreneurs turn to beingjrridinger.com to seek advice, discuss relevant issues, business and new social media trends. Additionally readers get to follow JR on his journey to the top with his companies Marketamerica.com and shop.com

About Market America

Serious about owning your own business?  As the President & CEO of Internet retailer, Market America, let me teach you how to create an ongoing income.  Through revolutionary technology and the power of people, I have helped thousands of entrepreneurs build successful businesses across the globe.

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19 January 2011

Market America Completes Acquisition of Shop.com

 

 

As you previously saw on the Bloomberg TV interview, people were curious about the shop.com acquisition and the future of Market America.  I have to say that when I sat down to reflect all our achievements in the past year I was truly amazed on how much we have grown of what started out of a garage with my beautiful wife Loren Ridinger. Earlier this year we launched ma Cashback program, where we pay up to 50% cashback on your purchases.  Since our launch we have added more stores, increased cashback amounts and made a huge push into solidifying our place among the elite online retailers, but we are hungry and our customers are hungry.  A magical moment for me happened in the last month which was the acquisition of shop.com

 

 

Since the acquisition was announced on December 15, 2010 MarketAmerica.com has seen a 60% increase in site traffic and a 30% increase in revenue.  SHOP.COM has experienced double the amount of organic traffic compared to the same time frame last year. In addition, over 23 million powerful Twitter messages have been generated about the acquisition including those from Kim Kardashian, Alejandro Sanz, Swizz Beatz, Russell Simmons, Khloe Kardashian, Serena Williams and Paulina Rubio, among many other celebrities who took it upon themselves to promote the exciting announcement.

 

The new vision for the future of MarketAmerica.com will be conveyed to over 25,000 Shop Con sultants during Market America's annual world conference in Miami, FL February 3-5, 2011. The event will take place at the American Airlines Arena where Market America’s leadership, including members of SHOP.COM, will present the details of how this partnership will forever change the Internet shopping landscape. On hand will be a group of surprise celebrities who will attend World Conference to support us and Market America. Among the announcements to be made at this event is the integration of Market America’s ma CashBack program on the SHOP.COM site, providing up to 35% cash back to SHOP.COM customers and one half of a percent on the purchases of everyone they refer. Also being unveiled at the event; SHOP.COM customers will be given a Market America Shop Consultant to assist in their shopping. Shop Consultants give a personal touch to the high tech way of shopping. Shoppers can interact online or by phone with the same person on any day or occasion; they are real people who know how to find exactly what the customer wants and at the best prices ensuring an unmatched shopping experience.

 

Here's a few things that will take happen during it's intergration:

 

  • MarketAmerica.com and Shop.com will continue to operate as separate websites through a transition period while the integration is complete
  • Market America's headquarters will remain in Greensboro, NC while Shop.com's facilities in Monterey and Pasadena, CA and London, UK will continue without disruption
  • The combined entity now exceed 650 employees.

 

For more information on the deal visit  http://bit.ly/mashop4

If you have any questions or concerns feel free to leave a comment below or send tweet me at @jrridinger

 

 

 

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3 comments

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