Social Commerce has arrived. Shopit is a free Social eCommerce network which enables users to build their own storefront, customize it, then link it with profiles in multiple social networks without ever leaving the community. Users can manage one commerce profile, and can dynamically make changes and updates to their products and services on hundreds of sites.

Shopit is for every seller. From the artist looking to sell their music and merchandise on blogs and social networks, to the eBay ‘PowerSeller’ who wants to harness the viral marketing power of social media with their Catalog.

The Platform
Shopit provides a simple, fast, secure and reliable transaction platform that enables efficient selling and trading of products and information. Products and services can be directly linked and embedded, from a Shopit store to any site, including popular sites like MySpace, LiveJournal, Xanga, FaceBook, Friendster, Blogger and many more.

Shopit’s Peer Social Commerce platform provides identity management/security features, shipping management, and the moderation of content published by its users.

“We believe Shopit is a great example of the latest evolution in eCommerce – Peer Commerce in Social Settings,” stated Matt Hill, the company’s CEO and Co-Founder. “Our network is designed to provide a simple channel to buy, sell and trade anywhere on the internet for free. Our tools bring commerce to the user at no cost and that’s the way it should be.” No cost means no transaction fees and no listing fees.

“MeCommerce,” as Hill calls it, “will definitely compete with what is otherwise a costly, complicated and time consuming process.”

Shopit’s free service is compatible with over 500 social networks, Blogs and sites. The service also supports communication with LinkedIn and Plaxo, eBay, Craigslist and Yahoo Stores.

The company plans to launch its music and media download service in the coming weeks. “Selling music, movies and merchandise from the same widget is something every ‘social seller’ should have the power to do,” says Hill.

About Shopit:
Shopit is a free Social Commerce Peer Network that allows users to download from existing online sales channels (eBay, Craigslist, Amazon, Yahoo) and then mass syndicate via social networks. Users simply build a store and Shopit provides the tools to promote, sell or trade products and services via a widget. The widget and its listings can be embedded in blogs, sites, emails or instant messages. The Shopit universe can be as big as the user’s online circle of influence and managed via the central Shopit online store where Shopit manages transactions, payments and dynamic updates to the widget. Shopit is venture backed and based in Los Angeles, CA. More information may be found at www.shopit.com.