Huge revenues from small ads for Craigslist

WebProNews reports that the Craigslist could hit $100 million in revenue in 2009 with a couple of minor changes, leaving the classifieds newspaper industry helplessly watching from the sidelines.

Research by Classified Intelligence suggests that whilst Craigslist are generating solid revenues from the minimalist site they could be doing even better. Classified Intelligence said in its report on Craigslist that implementation of its $25 job listing fee in three more locations could boost the company's revenue into nine-digit territory.

In addition if they increased their recruiting fee of $25 that is charged in a few of the larger cities and increased it to the $75 that is charged in San Francisco, the revenue for 2009 could climb to $150 million.

There are a number of competitors snapping at the heals of Craigslist, all offering what they hope to be an improved classifieds service. With more online sites after this revenue the newspaper classifieds industry is facing an even tougher challenge, especially when Classified Intelligence reported in 2004 that the San Francisco news paper industry lost $65 million in recruitment advertising revenue to Craiglist alone.