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elgato
Joined: 24 Feb 2005
Posts: 16923
Location: Texas
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| Posted: Wed Jun 10, 2009 11:02 am Post subject: Estimate Puts Craigslist's 2009 Revenue At $100 Million |
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According to a new report, Craigslist is doing quite well for itself. The AIM Group estimates that the classifieds site will pull in at least $100 million in revenue this year.
Peter M. Zollman, founding principal of the AIM Group, said in a statement, "Craigslist is a stunning business success story, especially since it's run more like a community service than a for-profit business. Craigslist Inc. has been having tremendous challenges lately due to negative publicity and legal battles - but its revenue keeps increasing at a remarkable pace."
In fact, Craigslist is thought to have generated $81 million in revenue in 2008, so $100 million should represent a year-over-year increase of about 23.5 percent. Not many companies are achieving things like that. Plus, the AIM Group's report admits, "our estimate may be very conservative; we believe revenue could easily exceed the nine-figure mark."
Of course, the recession may be a factor in Craigslist's success; as people try to pinch pennies, the idea of buying secondhand goods and not paying auction fees has become increasingly attractive. Yet if the recession has a long-term effect on individuals' behavior - think of Great Depression survivors who still reuse aluminum foil - any popularity boost may prove permanent.
more.. link to news article |
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hotnana
Joined: 02 Feb 2008
Posts: 875
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| Posted: Wed Jun 10, 2009 6:06 pm Post subject: Re: Estimate Puts Craigslist's 2009 Revenue At $100 Million |
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| :shock: Wow and I thought free sites didn't make any money! :lol: |
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lakerswiz
Joined: 16 Apr 2008
Posts: 318
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| Posted: Wed Jun 10, 2009 6:57 pm Post subject: |
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| ^Certain types of ads require payment. |
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2BOYSandTOYS
Joined: 14 Mar 2005
Posts: 10095
Location: Kansas
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| Posted: Wed Jun 10, 2009 6:59 pm Post subject: Re: Estimate Puts Craigslist's 2009 Revenue At $100 Million |
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Very impressive! My gut tells me that they also generate and distribute a ton of referral traffic.
I do like CL - it's pretty happening if it's in your area or close by. |
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2BOYSandTOYS
Joined: 14 Mar 2005
Posts: 10095
Location: Kansas
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| Posted: Mon Jun 15, 2009 11:20 pm Post subject: Re: Estimate Puts Craigslist's 2009 Revenue At $100 Million |
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I am bumping this up - as I could not find a 'better' or more 'recent' thread to keep discussions about CL....
I'm a very happy camper - I've cleared more than $1k since a week ago - and this is stuff I was very excited to get out of here! It's large and difficult to ship so - yay!!!!
I'm so glad that folks here have been willing to share - I would not have moved CL up on my action list without feedback from those having success!
:thumbsup: :psulove: :thumbsup: |
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diesel_parts
Joined: 23 Jul 2006
Posts: 723
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| Posted: Tue Jun 16, 2009 12:36 am Post subject: |
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| I have not made a craigslist sale since saturday. sold a 200 dollar motor saturday afternoon.. Having a dry spell I guess LOL. |
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2BOYSandTOYS
Joined: 14 Mar 2005
Posts: 10095
Location: Kansas
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| Posted: Tue Jun 16, 2009 12:53 am Post subject: Re: Estimate Puts Craigslist's 2009 Revenue At $100 Million |
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| Darn it - maybe your gr8 sales have rubbed off on me - LoL! My parents arrive on Friday for 10+ days - I'll send the MoJo back to ya - K? :lol: :lol: |
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DaLizardsLair
Joined: 15 Feb 2009
Posts: 4782
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| Posted: Tue Jun 16, 2009 2:00 am Post subject: Re: Estimate Puts Craigslist's 2009 Revenue At $100 Million |
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hotnana wrote (View Post): › docWrite("quote"):shock: Wow and I thought free sites didn't make any money! :lol:
Not all listings are free.
Plus they do have quite a few Google ads, that they receive payment for. |
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