Electronic Media Published: 03-25-96 FOR INEXPENSIVE, POTENT AD TOOL, TRY CYBERSPACE By - Joe Fedele With World Wide Web sites springing up like crab grass, I figured why buck a hot trend? So I created my own (http: //www.fedele.com/website), and will tell you why you should too. If you're not up on the latest and greatest in communications technology, I'll review a couple of key phrases. A Web site is your little corner of the world where the information you provide is stored. This site can be stored in any computer server system that is con-nected to the Internet. People find your home page on a Web site by the uniform resource locator, or URL, address. This address always begins with an ``http://'' designation. You can think of a Web home page as a storefront marquee-the welcome mat and doorway to what you want to sell, advertise or communicate. The Web page typically contains your company name and logo as well as some basic information on what can be found at the site. In my case, you will find such things as reprints of this column, reprints of columns by Ron Alridge, ELECTRONIC MEDIA publisher and editorial director, copies of important Federal Communications Commission dockets or notices of proposed rule-makings, information on job opportunities in broadcasting and even information helpful in writing your own Web Page. Hot Links, or Hotlinx as they are sometimes called, are ``pointers'' that take you from one Web site to another, giving you access to the entire global network. This limitless ability to surf from site to site through cyberspace is what makes the Internet such a powerful advertising and promotional medium. I am constantly amazed at the diverse information available on the Internet. I even use my Web site to distribute assignments for the class I teach at Florida International University. Much of the information is available free, but some can only be accessed at a price. The Weather Channel, for instance, operates a site where you can access a wide variety of weather-related information free. But as you click through the site you will find advertisements inducing you to purchase CD-ROMs or videocassettes of programing that's not available for free. At the CNN site you might encounter Nynex Corp. advertising ``billboards,'' similar to the ads you see alongside the highway or in the Yellow Pages. Basic stock market information can be found free, but the good information can only be accessed on a subscription basis. In my opinion, the Internet is the most powerful and least expensive advertising tool any business can invest in. With more than 40 million people accessing the Internet and with an estimated growth of about 10 percent annually, it's the place to be. And next month, I'll tell you just how to get there by walking you through the steps of building your own Web page.