NEWPORT BEACH, Calif. and LEHI, UT, October 18, 2022 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), the leading provider of interactive, video-based sales enablement applications, including shoppable livestream videos, invites content creators and influencers to join its livestream social shopping platform MARKET.live, with early access to “Creators on MARKET,” a new program on MARKET. live, which allows creators to monetize their content through live stream shopping and personalized storefronts. The program will be marketed to video content creators through multiple social media channels. Click here to view an example of some of the messages.
Through Creators on MARKET, creators and influencers can choose the products they love from hundreds of brands and retailers on MARKET.live and offer those products to their fans and followers via livestream shopping events, broadcast live on MARKET and on the existing social networks of the creators are simultaneously transmitted platforms. They can also offer their favorite products through the creators’ personally branded storefronts, which they can set up quickly and easily on MARKET. Depending on the products selected, Creators can earn anywhere from 5% to 20% of their gross sales, all at no cost or risk to the Creators selected to participate in the Program.
With more than 12 million products from brands like Athleta, Best Buy, Target, Container Store, Banana Republic, GAP, Saks Off 5th, SSENSE, LOFT, DERMSTORE, INTERMIX, and UNUSUAL GOODS, and many, many more, creators can showcase their favorites and share them all with their fans and followers. Best of all, it’s interactive, allowing followers and fans to chat with the creators and each other in real-time for a truly fun and engaging social shopping experience. and when their interest is at its peak, Creators’ fans and followers can click on the screen to purchase the products. Creators accepted into the program don’t need to invest in inventory, nor do they have to shoulder the burden of fulfillment or shipping—it’s done for them. The only requirement is that they keep making and promoting the same videos they are already making.
Livestream events are recorded and can be viewed in the Creators’ personally branded stores on MARKET.live, allowing those fans and followers to return to the livestream events 24/7 to browse and purchase the Creators’ featured products, and those recorded Livestream videos are all still purchasable.
“The creator economy is exploding with so many producing videos on social media channels to promote their favorite products or to unbox their latest products,” said Rory J. Cutaia, CEO of VERB. “Whether it’s fashion, beauty, or even consumer electronics, creators spend their days creating content. But once that content is published, creators lose control and the ability to monetize it. MARKET.live is changing the game by giving developers the ability to promote their favorite products and sell them directly to their followers, earning between 5 and 20 percent of their gross sales.”
To apply for early access to Creators on MARKET, content creators and influencers are invited to register with Calling Creators on MARKET.live. Once a creator is accepted into the program and logged into MARKET.live, they can start building their personalized storefront and start selling the same day.
“We believe this is what differentiates MARKET.live from the more traditional social channels and shopping sites. These creators can easily stock their stores by selecting the products they know and love, available from hundreds of curated brands and retailers on MARKET.live, feature those products in their videos, and invite their fans and followers to watch and shop ‘ continues Cutaia.
Verb Technology Company, Inc. (Nasdaq: VERB), the leader in interactive video-based sales applications, is changing the way businesses attract and retain customers. The Company’s Software-as-a-Service, or SaaS, platform is powered by its proprietary interactive video technology and consists of a suite of business enablement software products offered on a subscription basis. Its software applications are used by hundreds of thousands of people in over 100 countries and in more than 48 languages. VERB’s customers include both large distributors and small business sales teams, including the sales and marketing departments of professional sports teams. MARKET.live is VERB’s multi-vendor, multi-presenter, livestream social shopping platform at the forefront of the convergence of e-commerce and entertainment. With approximately 150 employees and contractors, the company is headquartered in Lehi, Utah and has offices in Newport Beach, California.
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FORWARD LOOKING STATEMENTS
This release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statements that predict, predict, indicate or imply future results, performance or achievements and may contain words such as “anticipate”, “expect”, “project”, “plan” or words or phrases of similar meaning. The forward-looking statements contained in this press release relate to statements regarding the Company’s progress toward achieving its strategic objectives. Forward-looking statements are based on current expectations, projections and assumptions that involve risks and uncertainties, including but not limited to (i) the COVID-19 pandemic and related public health measures relating to our business, our customers, markets and the global economy; (ii) our plans to attract new customers, retain existing customers and increase our annual sales; (iii) the development and delivery of new products, including verbLIVE and MARKET; (iv) our plans and expectations regarding software-as-a-service offerings; (v) our ability to complete, integrate and benefit from acquisitions; (vi) fluctuations in our quarterly operating results and other operating measures; (vii) increased competition; and (viii) general economic, market and business conditions. If any of these risks or uncertainties materializes, or if any of our assumptions prove incorrect, our actual results could vary materially from the results expressed or implied by these forward-looking statements. Investors should consult our filings with the Securities and Exchange Commission, including our annual reports on Form 10- K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to us as of the date of this release, and we undertake no obligation to update the forward-looking statements provided to reflect events that occur or circumstances that occur after the date exist in which they were manufactured, unless required by law.