The Mechanics of the Craigslist Equation
Like any other successful company, Craigslist had its humble beginnings as a simple information sharing digital newsletter developed for professionals in San Francisco many years ago. After a while, its advertisement services expanded to other United States areas, with visitor web hits beckoning them to take a pat in the international web scene with a network of four hundred cities all over the world.
All that is takes is a valid email which must be verified first. This entitles one to access the site's full services given that they read the standard posting rules. Security is not an issue since transactions are purely between the person who placed the ad and the person who responded unless a complaint is submitted.
Navigation is also a breeze for everyone since its website is composed of very organized and clear outline. This concept is made well kept by CEO Jim Buckmaster along with the business smarts of Craig Newmark, its founder.
Revenues pour in from the fees for job and apartment listings which range from ten to seventy dollars. Rental ads also have a certain price and such profits are enough to run the twenty five Craigslist employees.
One of the most challenging issues faced by this company is the resolution when it comes to eliminating site misuse with motives spanning from fraud, erotic services, mean personal revenge and the like. The extent of this site has spanned to so much range of services that many fear it would someday kill the business with which journalism feeds from which marks the end of the newspaper.
As any other business, this site is constantly on the move to eliminate many hoax advertisements posted by some users to lure innocent victims. Moreover, this ever expanding service of Craigslist somehow poses as a threat to local newspaper journalists who thrive in print media industry.
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