In my last post, I mentioned “Where does this leave print advertising, especially newspapers?” Well, there is a report by a consulting firm estimating Craigslist’s revenue will top $100 million for 2009.
Undoubtedly, this will add more pressure to print advertising revenues. It is no surprise and expect the trend to continue for print, especially in a flagging economy. Everyone likes free or very close to it.
With Craigslist traffic numbers, they could substantially grow revenues but its founder, Mr. Craig Newmark, and CEO, Mr. Jim Buckmaster have made it well-known that they are conservative in growing revenues.
How much more can the classified ads space grow? Frankly speaking, I think this space has a lot more growth potential left.
Tags: classified ad revenues, craigslist, free ads, free advertising, free classified ads, free classifieds, freeadlists.com, post free ads