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How Craigslist Makes Money

forbes.com

151–160 of 246 posts

Re: How Craigslist Makes Money

#151

Earlier quoted context omitted.

I'm surprised that more successful people don't do this? Is the drive that lead them to absurd success what leads them to continue well beyond needing to? I find it hard to imagine hitting $10 million and not just dropping everything and spending the rest of my life on random hobbies and traveling. Maybe that's why I don't have $10 million?

Paul Allen spent about $200 mil on his super yacht, which one could categorize under "hobbies & traveling." I imagine once you hit 8 figures, a new class of shiny toys all of a sudden feel within reach and become a lot more tempting to a lot of people.

Hobbies do scale upwards.

Re: How Craigslist Makes Money

#152

Forbes is unequivocally the worst website I have the displeasure of being linked to on a regular basis. Readability is quickly approaching 0. This page kept hijacking my scroll thru the article to keep an ad at the top of my window. Horrible, horrible, horrible.

I honestly don't even bother anymore: https://outline.com/xX7xe3

Pro-tip:

Add outline.com/ to the front of the article's URL. Much faster and works nicely on mobile.

Re: How Craigslist Makes Money

#153
post #148

Earlier quoted context omitted.

I honestly don't even bother anymore: https://outline.com/xX7xe3

Nice! I didn't know that. Thanks!

First time I encountered the service was while sitting on the pooper reading a NYT article that was linked using Outline's service. Realized something was amiss while I was wiping my ass and realized that I hadn't seen a single ad in the entire story. True story.

Re: How Craigslist Makes Money

#154
post #115

Earlier quoted context omitted.

I had to copy the text and paste it into Notepad to actually read the article.

Have a bookmarklet: javascript:(function()%7Bwindow.location.href %3D 'https%3A%2F%2Foutline.com%2F' %2B window.location.href%7D)() It'll open the article using https://outline.com/ . E.g. https://outline.com/xX7xe3

very nice, wish could've vote more :D

set as bookmark shortcut in Fx already :D

Re: How Craigslist Makes Money

#155
post #94

Earlier quoted context omitted.

Craigslist is one of the best pages on the internet. It's functional, it loads fast, it doesn't have a stack built of buzzwords and bullshit. It works on every device everywhere. I mean, what business does a page have being megabytes and megabytes if it's gonna display a couple bytes of text? None. It doesn't matter if it's "technically free" these days, that's just bad design and engineering.

Craiglist design actually sucks. When I first used it, the whole thing was almost revolting from design perspective. Where some people see simplicity, others see utter lack of modernity, friendliness and affordability. I still can't get some of my relative to use it (they ask me to post on their behalf!). Before you cite page counts, revenues and unique users, think about how many people are not using it despite the…

I use CL to advertise for my manufacturing business. It delivers 95% of our customers to our online store, and it does it for a monthly advertising budget of $270. We have $15-30k monthly revenue from these customers.

Craigslist's design works for us.

Re: How Craigslist Makes Money

#156

Earlier quoted context omitted.

I'm surprised that more successful people don't do this? Is the drive that lead them to absurd success what leads them to continue well beyond needing to? I find it hard to imagine hitting $10 million and not just dropping everything and spending the rest of my life on random hobbies and traveling. Maybe that's why I don't have $10 million?

Paul Allen spent about $200 mil on his super yacht, which one could categorize under "hobbies & traveling." I imagine once you hit 8 figures, a new class of shiny toys all of a sudden feel within reach and become a lot more tempting to a lot of people.

For sure. At 20 billion USD, Paul Allen is in the 11 digit club (googled "paul allen net worth"). If that is mostly Microsoft stock a 2.25% divivend [1] is gonna throw off like $450 million a year in cash. I would have to get real creative to spend a fraction of the wealth.

[1] https://finance.yahoo.com/quote/MSFT/

Re: How Craigslist Makes Money

#157

Earlier quoted context omitted.

I'm surprised that more successful people don't do this? Is the drive that lead them to absurd success what leads them to continue well beyond needing to? I find it hard to imagine hitting $10 million and not just dropping everything and spending the rest of my life on random hobbies and traveling. Maybe that's why I don't have $10 million?

Hell, I have just over 1/10th and I'm trying to extract myself from the workaday life. What is truly ridiculous is that I can't yet do so, largely due to the high cost of buying health insurance yourself. It's like the whole US is designed around debt slavery and moving the goalposts further and further out. $5-10M is probably the low bar for living a kick-ass non-tied-to-employment lifestyle in the US. Certainly peo…

$5-10 million!?!? Thats steep. What are you going to spend $5-10 million on? I plan on retiring early at $1.25 million. I could do it on less but $1.25M lets me keep the lifestyle I have now, which is awesome. I don't live in a trailer park, I own a big (to me) house and I spent tons on food and booze.

Re: How Craigslist Makes Money

#158

Earlier quoted context omitted.

I'm surprised that more successful people don't do this? Is the drive that lead them to absurd success what leads them to continue well beyond needing to? I find it hard to imagine hitting $10 million and not just dropping everything and spending the rest of my life on random hobbies and traveling. Maybe that's why I don't have $10 million?

Paul Allen spent about $200 mil on his super yacht, which one could categorize under "hobbies & traveling." I imagine once you hit 8 figures, a new class of shiny toys all of a sudden feel within reach and become a lot more tempting to a lot of people.

That's called "lifestyle inflation," and it's real. Your lifestyle inflates to your income. People tend to spend $40k a year if their salary is $40k a year and spend $500k a year if their salary is $500k a year.

Re: How Craigslist Makes Money

#159
post #85

Earlier quoted context omitted.

I imagine many do, you just don't hear about them. For example I know a few people who are millionaires but you wouldn't know it to talk to them. They don't live overly extravagant lives. They have a nice house, some hobbies (e.g. a very nice car(s), a private plane, an art collection), a job they enjoy and friends they spend time with. At least for those I know didn't strike it rich with some novel idea, they ran a…

That's because that's basically all you can do with only $1M these days! The US is nothing but a grievous lie--we have allowed a tiny few to extract all the wealth to the tippy tippy top. I can't even believe people work for like $50K in most places anymore, they should be taking up arms at this point.

$50k is a plenty comfortable life in 99% of the US. Hell, probably 99% of the world

Re: How Craigslist Makes Money

#160

I often wish Facebook would have followed that approach. They made money very early with small ads on a lots of page views, did not need investors. But they went into the VC religion of revenue growth, took their money, then Wall Street money, and they cannot go back now because all employees and stockholders have been promised more. So more ads, more snooping on users, more worldwide control, we need to feed the bea…

Facebook is at least successful at that: Twitter jeopardized their core business, took on huge operating costs, and is struggling to pay for it despite making what would otherwise have been a quite successful revenue stream.
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