The Circle of Classified Ads
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You may not know this, but I've written a syndicated newspaper column for over 30 years. It's titled Ask the Builder just as is this newsletter. My column runs each week in papers all across the great Fruited
Plain.
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I started Ask the Builder in October of 1993. The newspaper industry was in the twilight of its Golden Age. Prior to the explosion of the Internet, the newspaper business was right up there with television and radio when it comes to profits.
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I was one of the few charter members that started a secret Internet mastermind group in 1999. Within a few years, a
gentlemen named Craig Newmark was part of the group. He could only be part of the group for a few short months because his idea completely eviscerated the entire newspaper industry. He simply was overwhelmed with growing his business and had no time for the chatter on the mastermind email list.
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Craig showed us his website called Craigslist. It was just about San Francisco at the time if memory serves me right. Within months, it expanded to
all of the major USA cities and eventually the entire USA.
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Classified newspaper ads were the primary profit center for newspapers before the Internet. Craig took all that away within a matter of years. Whatever you were trying to advertise for a FEE in a newspaper, Craig let you put it up on his website for FREE.
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This loss of revenue was a staggering blow. Two decades
later many papers have switched to a membership/subscription model to survive.
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Craig has now followed in the footsteps of the industry he gutted. If you want to sell a car, truck, motorcycle, scooter, or an RV on Craigslist in New Hampshire, you pay $5 to place your listing for just 30 days. The free ride is over.