Here is a NYT blog with a different summary of Jim's answer to the most relevant question, including the quote "quite staggering" with regards to the potential ad revenue. http://dealbook.blogs.nytimes.com/2006/12/08/craigslist-meets-the-capitalists/
I think quoting Jim's two words "quite staggering" instead of specifying a target amount of money as part of the key meme could be a good technique.
How about running AdSense ads from Google? Craigslist has considered that, Mr. Buckmaster said. They even crunched the numbers, which were “quite staggering.” But users haven’t expressed an interest in seeing ads, so it is not going to happen.
I think the most important thing our viral loop can do is convince the users that this is possible. If someone can be made to truly believe that this is possible, they should really want to help. Is an appeal to morality a good idea? I don't personally understand the morality of regular people enough to have any idea how to make such an appeal.
Reply to this post with any ideas for ad copy that help inspire belief in the possibility of creating money for charity out of nothing or different ways of shortening any remixes of the ideas in the following statement. Once we figure out the budget we can try Adwords testing to see which phrases are better.
Craigslist CEO Jim says we can raise a "quite staggering" amount of money if we tell him we want to save the world
Have you ever used Craigslist? Then Craigslist CEO Jim says we can help raise a "staggering amount" of money for charity if we tell him the world needs our help.
We can reasonably debate torture vs. dust specks when it is one person being tortured versus 3^^^3 people being subjected to motes of dust.
However, there should be little debate when we are comparing the torture of one person to the minimal suffering of a mere millions of people. I propose a way to generate approximately one billion dollars for charity over five years: The Craigslist Revolution.
In 2006, Craigslist's CEO Jim Buckmaster said that if enough users told them to "raise revenue and plow it into charity" that they would consider doing it. I have more recently emailed Craig Newmark and he indicated that they remain receptive to the idea if that's what the users want.
A simple text advertising banner at the top of the Craigslist home or listing pages would generate enormous amounts of revenue. They could put a large "X" next to the ad, allowing you to permanently close it. There seems to be little objection to this idea. The optional banner is harmless, and a billion dollars could be enough to dramatically improve the lives of millions or make a serious impact in the causes we take seriously around here. As a moral calculus, the decision seems a no brainer. It's possible that some or many dollars would support bad charities, but the marginal impact of supporting some truly good charities makes the whole thing worthwhile.
I don't have access to Craigslist's detailed traffic data, but I think one billion USD over five years is a reasonable estimate for a single optional banner ad. With 20 billion pageviews a month, a Google Adwords banner would bring in about 200 million dollars a year. Over five years that will be well over a billion dollars. With employees selling the advertising rather than Google, that number could very well be multiplied. An extremely low bound for the amount of additional revenue that could be trivially generated over five years would be 100 million.
I'm very open to other ideas, but I think the best way to assemble a critical mass of Craigslist users is via a Facebook fan page. Facebook makes it very easy to advertise Facebook pages so we can do viral marketing as well as paying Facebook to direct people to our page.
50,000 users would surely count as a critical mass, meaning that each member of the Facebook page effectively created $20,000 for charity. I don't think there has been any time in history where a single click had the potential to do so much good, and the disbelief that this is possible is the main thing that our viral campaign would have to overcome. After the Facebook fan page got beyond a certain number of users, we could more aggressively take the campaign to Twitter and email.
Are there any social media marketers in the house? The first step is deciding what to call the Facebook page; it's limited to 75 characters.
It's time to shut up and multiply. I will match the first $250 donated towards the advertising budget for this, more next month depending on my personal finances. If anyone independently wealthy is reading this, $20,000 is probably enough to get the critical mass of users this week.
I welcome all of your criticism, especially as far as the mechanics of actually making this happen. As far as how to optimally distribute money to charity, that is very much an unsolved problem, but I think it's one that we can mostly worry about when we get that far. I also expect Craig and Jim to take a leadership roll as far as the distribution of the money goes.
Also see previous discussion.