Shared Profit Retailing
Mediastores enables anyone to build their own
online store for free, selling their choice from over one million
Books, DVDs and CDs and earn 20% commission. The full build your own
service will launch in Spring 2008 but the first five mediastores to
demonstrate the concept have recently gone live grouped around the
charity Double Gift campaign.
Mediastores Ltd started life as Eclector Ltd, a company set up in 2005
by William Pryor and Simon Thompson, with one outside investor, to sell
books through their variant of an affiliate retailing scheme, the basic
model that powers Mediastores today. Eclector, in turn, grew out
William’s experience of trying to get Floot.com - an etailer of
specialist music - flying well before its time, at the turn of this
century.
Version One of the Eclector platform, enabling people – with a lot of
help from us – to build their own online bookstores was up and running
at the end of 2005. Clunky though it was, our few beta-test partners
were selling books which were fulfilled quickly and efficiently. But we
needed a completely new software platform if we were to be part of the
Long Tail, Web 2.0 revolution, a platform that enabled ordinary mortals
to build attractive and easy-to-use mediastores quickly and easily and
one that could deliver music and film as well as books. And for that we
needed investment.
Mike Jackson found the company in the summer of 2006, initially as
investor, but he got on so well with William at their first meeting,
that he accepted his invitation to become Managing Director, as well as
making a significant investment in the business. One of Mike’s first
suggestions was to change the name to the much more obvious,
it-does-what-it-says-on-the-tin, “Mediastores”.
Late in 2006 work was started on building Version Two in the Ruby on
Rails environment. After some inevitable hiccoughs, we have launched
five high volume Charity Mediastores for Christmas 07 followed by the
launch of the build your own service in Spring 08. We have also been
joined by Sam Uretsky, a veteran of big-time web development in the
USA, based in Los Angeles, who is going to be pioneering Mediastores in
North America.









