1. A computer implemented method, executable by a computer system residing on at least one server, for selling goods and services on an e-commerce and networking website and on external websites with embedded scripts from said e-commerce and networking website to address low membership reach rates of e-commerce sites and poor online advertising response rates, and to effectively bridge gaps between e-commerce websites and social networking websites, said method comprises the steps of: automatically invoking a function by said computer system to send a distributed joint purchasing sponsorship request to one or more accounts associated with at least one sponsoring entity or at least one user, or at least one sponsoring entity and at least one user on said website to jointly purchase at least one item upon said computer system receiving a sponsorship request instruction from at least one other account associated with at least one initiating user on said website; automatically recording by said server distributed joint purchasing information and instructions entered by said initiating user in a user account associated with said initiating user on said website, including the total amount of sponsorship desired from said at least one sponsoring entity or at least one user, or at least one sponsoring entity and at least one user, a deadline for response, a beneficiary of said item, and the like; automatically dividing by said computer system the sponsoring cost of said at least one item based on instructions received from said initiating user on said website; automatically sending said distributed joint purchasing request to each recipient with said divided cost by said computer system upon said website receiving a send signal from said user account associated with said initiating user; wherein said computer system automatically determining said each recipient as a user or a sponsoring entity based on associated account data previously recorded in at least one database of said website; and wherein said computer system automatically activating sponsor advertising functions upon determining at least one account associated with said at least one recipient; automatically providing functions by said computer system to collect acceptance, rejection or divided cost change instruction from each account associated with each user on said distributed joint purchasing request; wherein said instruction from each account associated with each user is collected immediately upon said user pressing acceptance, rejection or change button or link within pre-defined timeframe; wherein said computer system automatically marking said account associated with acceptance or divided cost change instruction as a participant account; and wherein said computer system automatically sending said instruction to a payment function; automatically processing by said payment function separate payments from each account associated with each participant on said website in real-time for said distributed joint purchasing upon receiving acceptance or divided cost change instruction; automatically transforming said activated online sponsor advertising functions into a payment method, wherein said activated functions automatically sending payment information from at least one account associated with said sponsoring entity to said payment function to reduce the balance of said at least one item, wherein said activated functions automatically displaying at least one associated sponsor advertisement on webpages associated with said initiating user on said website to automatically increase online advertisement impressions, click-through rate, conversion rate, and the like from clicks received from each participant account and from other accounts connected to said account associated with said initiating user; automatically updating each account associated with each participant on said e-commerce and networking website by said computer system upon the completion of said distributed joint purchasing, wherein said computer system offering said distributed joint purchasing functions in each account associated with each participant for simultaneous and un-simultaneous distributed joint purchasing to further increase online traffic of said website and to improve e-commerce and online advertising results; and automatically providing functions for external websites to incorporate said system's unique distributed joint purchasing and online sponsor advertising functions through interface scripts to transform external websites into semi e-commerce and networking websites for enhanced e-commerce results, increased online traffic and improved online advertising results.