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Austin,TX— In every major city, it's quickly becoming all about the daily deal online –  the convergence of a collective buying concept with the struggling economy continues to make the idea of group discount websites a runaway success. Businesses benefit from increased traffic from a targeted audience of web savvy customers who appreciate a great deal.  Localiter is the newest Austin-based Internet startup to enter this market, offering daily group discounts at many local businesses.

Localiter will launch in March offering daily deals from Austin businesses. Customers sign up on the Localiter website to receive a daily deal via e-mail.  An example deal works as follows: If 20 customers agree to purchase the $40 value of the product or service offered, each customer receives that $40 value of the product or service at half price.