SOURCE: Bettervite

Bettervite

August 05, 2011 08:28 ET

Shared Deals Made Simpler Using Bettervite; Turns Social Networks Into Profit Centers

Now You Can Monetize Your Social Network by Sharing Amazing Deals With Friends

LODI, CA--(Marketwire - Aug 5, 2011) - Co-founders Milburn Miranda and Thomas Thomas today announced Bettervite, a consolidator of deals for tomorrow's shopping champions who want to share and save, while using their social networks to generate new revenue streams.

Bettervite builds on a multipronged approach. First, it consolidates the best daily deals from an area into one single platform. Second, it lets recipients promote deals received to their social circle of friends, essentially turning deals into commission makers.

Incorporating a rewards program that lets users accrue Betterbucks for cash redemptions by referring friends to events, Bettervite has established a new, collaborative social shopping experience. What's more, the cash rewards can be used directly by the members, or forwarded to their favorite charity.

"Bettervite was born out of the frustration we felt as we tried to coordinate events and deals with our friends," says Milburn Miranda, CEO of Bettervite. "Instead of getting daily emails from multiple providers, shoppers will appreciate how we consolidate the best local deals and transform those deals to rewards-opportunities."

A simple three-tier rewards system will pay out a percentage on any purchase made by recruited friends.

"If you refer friends, you will also receive a percentage of those friends' purchase. You will even receive a percentage on any deal your friends' friends' purchase. As your network and extended network continue to purchase the events you recommend, your rewards will continue to accumulate," says Thomas Thomas, CFO of Bettervite.

To become a pre-launch member and start building a rewards network, users can connect to Bettervite via Facebook or Twitter to start recruiting their friends today.

"What makes Bettervite unique is the incentivized event planning platform we are building around the daily deals industry. Simply put, we'd like to pay you to plan daily deal events with your friends."

Driven by a user-centric philosophy, Bettervite never spams its users. Every event invitation is sent by its members.

About Bettervite

Bettervite lets members share and save on deals while monetizing their social networks. It is the industry's first Social Deal Network that rewards members for referral purchases through networks and extended networks. For more information, visit www.bettervite.com.

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