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This leads to more visitors and the word spreads around. All the money that they earn is being spent on the betterment of the infrastructure and providing the best user interface for heightening pleasant experience among users. To everyoneвЂ™s surprise, the main focus of Craigslist is not to generate a huge amount of revenue as its aim is to provide a platform for people to communicate their requirements and a place where they could find anything and everything starting from thrifts to apartments for rent to jobs. It can also be categorized under the marketplace business model. In a nutshell, Craigslist is a platform for people to post their listings or requirements and also for those who are looking for something. Now a user can buy and sell from the same account, so the outlook of the website remains the same for both the groups unlike Airbnb or any other such websites. There are basically two groups of people who create an account, whether youвЂ™re a buyer or looking for a job or a place to rent, or youвЂ™re a seller or a recruiter. Anybody on the internet can make an account on Craigslist for free. The company works on a peer-to-peer business model that is similar to Airbnb. Let us first throw some light upon the Craigslist business model. You may also like An Inside Look: How does Snapchat Make Money? Craigslist Revenue Model

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But again, if it doesnвЂ™t cost anything for posting an ad, plus itвЂ™s free to create an account on the website as well, how does Craigslist make money then? It is easily understandable as Craiglist provides many more benefits than a regular newspaper ad. Although there were several other factors causing the decline, Craigslist was one of the most important factors. According to a study, there was a 70% decrease in the newspaper revenues between 20 and this rate is increasing. You can have a global reach with Craigslist, unlike the newspapers. Plus, it will help you reach a wider audience.

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But today, you can sit at your home, in your comfort zone, and post your listing for free on Craigslist. In earlier times, if you wanted to post an ad, youвЂ™d have to go to a newspaper agency and pay for listing or pay a fortune on a Television ad. The company does not tend to be interested more in revenue generation rather it imposes more upon the enhancement of the website for the best user experience since they believe in keeping only a few employees they do not even need more revenue than what they earn.

Read More: Sites like Craigslist How does Craigslist attract more attention than Newspapers?Д¬raigslist works in a strategic manner. Let us have a glance at the How does Craigslist Male Money. These were the views on How does Craigslist Work. Advertisement posting is a very simple procedure and can be done by anyone with a basic knowledge of computers. Any relevant category can be chosen and with some basic information, the advertisement goes live. Once a user creates an account using an email address and mobile number, the user can go to relevant categories like community, housing, required items, services, discussion forum, jobs, gigs, and post resume. So now letвЂ™s shed some light upon the basic information about How does Craigslist Work? and weвЂ™ll move ahead to learn how does Craigslist make money.Д¬raigslist is a community based classified advertising platform which enables users to post advertisements as per their requirement or things to sell. Through thick and thin, Craigslist is still one of the most used platforms when it comes to buying or selling or job listing across the US. In 2019, Craigslist finally introduced an app on the iOS platform and a beta version on Android. By 2004, Craigslist started earning from the job listings. Soon the current CEO Jim Buckmaster joined Craigslist in January 2000 and gave a new life to Craigslist and a multi-city dimension to it. In April 2000, the company had 9 employees working out of CraigвЂ™s apartment. In 1996, the website went live, and by 1999, Craigslist became a private for-profit company. And then it became a platform for recruiters to look for talented candidates as well and hence the jobs category was added!

Soon more people started subscribing and there were more non-event listings. He began an email distribution list passing on all the information regarding local events to his friends. Being a new resident in San Francisco, he felt isolated and tried to start the latest trend of socializing through the internet.

How does Craigslist attract more attention than Newspapers?Д¬raig Newmark has always been open about his lack of socializing skills.

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