There’s Only One Solution to the Economic Meltdown

April 26, 2011 - PRLog -- As Republicans and Democrats jockey for position on how to solve the economic meltdown plaguing our cities, the small business sector, which according to the SBA makes up over half of the nation’s private sector jobs, is still being ignored by banks, despite the apparent pressure that is being placed on banks to lend more. Small businesses are asking for loans for all sorts of reasons, and most have a desperate need for more advertising money.

A majority of small businesses that currently advertise online use Google’s pay-per-click method of advertising where they are forced to pay for each click their ad receives. Paying just a dollar a click can cost a business tens of thousands of dollars per month, which can make it extremely difficult to compete and nearly impossible to offer significant deals to consumers, as businesses need to keep up their profit margins.

Enter Sosbuzz, the marketplace search engine that has filed patents on what it calls the “pay-after-confirmed-sale” 100% risk free advertising model, where Sosbuzz delivers sales to businesses, even off-line business, and asks the businesses to confirm sales they’ve received from Sosbuzz members. When the business confirms, they will be charged a small fee based on the purchase price of the product or service reported by the purchaser. Upon charging the business a small fee, which hovers around 5%, Sosbuzz will then donate 25% of its proceeds to the cause selected by the Sosbuzz member that reported the purchase.

“Times are tough. Business are hurting, charities are hurting,” says Raffi Sosikian, founder of Sosbuzz, who is a techie with an MBA and a former banker. “Typical online advertising is eating away up to 35% of merchant profits. According to a survey from Merrill Lynch and Indiana University, the wealthiest Americans donated 35% less to charity in 2010 than they did in 2008. The Sosbuzz model addresses both of these issues. We trust people to do what is right, and in every case we’ve observed, people have done exactly the right thing. We trust people to report their purchases to us. We trust businesses will confirm those purchases and pay us the small fee we charge for getting them clients. We then donate 25% of our proceeds to the cause that the Sosbuzz member who reported their purchase to us had selected. The consumer saves money, the business gets risk free advertising and saves money, and the charity gets a donation. Everyone wins. Helping the small business sector is the key to a sustainable recovery, and I feel Sosbuzz is doing its part. It’s time for banks to do their part.”

For more information on Sosbuzz, please visit http://www.sosbuzz.com

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Sosbuzz is a patent pending marketplace search engine for conscientious shoppers who want to save time and money as they shop for products and services. Sosbuzz members can find thousands of deals offered by Sosbuzz advertisers either by searching for them or via opt in email notifications. Sosbuzz is the first and only search engine to provide sellers the opportunity to advertise their products and services for free, and pay only after they confirm receiving a sale. This pay-after-confirmed-sale model renders the pay-per-click (PPC) advertising model used by search engines like Google , Yahoo  and others obsolete, and allows Sosbuzz advertisers to charge less and offer better deals to Sosbuzz members. Sosbuzz donates 25% of the proceeds it collects from its advertisers to the causes designated by Sosbuzz members when they report their purchases. Sosbuzz currently has over 950,000 causes listed in its database.