August 11, 2008
Section: Business
Edition: METRO
Page: 2D

Virtually there
Bill Wolfe bwolfe@courier-journal.com The Courier-Journal

 

Local entrepreneur's online mall
mixes shopping with socializing

 

By Bill Wolfe

 

bwolfe@courier-journal.com

 

The Courier-Journal

 

Like to shop, but can't get to the stores until after hours? Love the mall, but can't stand the traffic?

 

Louisville Web entrepreneur Mark Stein says he has a solution: L et your digital persona do the walking in a 3-D virtual mall.

 

Stein, a longtime professional mediator in Louisville, found online success in 2002 when he launched OurDivorceAgreement.com, a do-it-yourself system for working through the complex issues of breaking up. Today that site has customers throughout North America, Australia and Great Britain, he said.

 

Now he hopes to strike gold with VirtualEShopping.com, which takes users into a three-dimensional environment like those they might see in games such as World of Warcraft or Half-Life. But in Stein's online world, participants hunt for bargains, not monsters, as they meet, mingle and chat with other virtual shoppers.

 

The Web site depicts a typical mall where shoppers can adopt an animated figure called a persona to represent them in the digital world. Participants can then see and be seen by other shoppers, providing a 3-D social networking environment that is meant to appeal to the "Facebook crowd" of young or tech-savvy computer users.

 

"We feel like it'll have a strong draw to women, especially women with young kids," said Stein, who began working on the concept about three years ago and launched the site in April.

 

Many tell Stein "the only time that I get to shop is when the kids have gone to bed, and (by then) the malls are closed," he said. The virtual mall offers people "some of the social aspects of going shopping with friends: 'Meet me in the mall. Let's walk around, chat, shop, window shop.'"

 

Men might go to the site as a convenient way to shop — or as a way to meet female shoppers, Stein said.

 

Older shoppers are also part of the target audience, Stein said. "There are a lot of seniors online. The mall is a familiar environment for them. That's where they walk during inclement weather."

 

So the digital mall will be a place "they'll be familiar with and comfortable with." There are already dozens of active VirtualEShopping sites, such as VirtualeLouisville.com and VirtualeLexingtonKy.com, with more being rolled out each week. There will be at least 275 individual malls, including some specialty sites targeted to men, women, teenagers or other groups, he said.

 

The malls are free to shoppers. VirtualEShopping will make its money by a pay-per-click fee that advertisers will pay whenever a shopper clicks on their displays, and on commissions paid when shoppers enter a store site and make a purchase.

 

While the mall interiors all use 3-D imaging, shoppers who enter an individual store site will actually open a browser window to the store's regular Web site.

 

"We would not ask advertisers to immediately be in the 3-D realm," Stein said. "We wanted to catch them where they are, and that's in the 2-D realm." He is hopeful, however, that stores will adopt 3-D as the technique becomes more popular.

 

"We are like where the Web was in the early to mid-'90s," he said. With the growth of high-speed Internet service, "the 3-D Web will grow dramatically over the next five years, and that within five to 10 years, anything that can be done in 3-D over the Web, will be done in 3-D."

 

The virtual mall is "a convergence of multiple technologies in a very unique and innovative manner," said Vik Chadha, director of technical commercialization for Greater Louisville Inc., who has consulted with Stein.

 

"This is the future," Chadha said.

 

Stein said he got the idea for the mall while he was still developing the divorce Web site. He considered an interface that would use neighborhood images such as schools, law offices and tax offices to link to related sections of the divorce guide.

 

"I thought, you know, this could be a Starbucks on the corner, too, and a Walgreens. And then the idea just kept snowballing," he said. "From there, I realized that this had the potential to be its own site."

 

He looked for financial backers, but "it was still on the heels of the tech bust of 2000, 2001, and we had no people who were willing to invest," so Stein paid for development out of profits from the divorce site. The new business has a staff of 15 full- and part-time workers.

 

He had hoped to launch the service in one year. Instead, it took 2½ years. Still, "it ended up being just what we envisioned it to be. We're happy with the product," he said.

 

Reporter Bill Wolfe can be reached at (502) 582-4248.

 

Virtualeshopping.com

 

President/CEO: Mark Stein

 

On the Web: www.VirtualEShopping.com