I have been thinking about developing a local classified ads site that will likely compete with Craigslist. My question is, are there any other successful competitors to Craigslist? Craigslist is so simple and easy to use and is very popular, yet it seems there is potential for innovation, but no one has successfully competed against Craigslist. I'm just puzzled as to why not. I think there are a lot of niche classified companies, such as fiver and etsy. Can anyone name other successful classified sites? What is the potential of someone competing with Craigslist?
Backpage seems to be good competition. Many people use it because there aren't many limitations. You can post in every city if you wanted to. As far as the potential with someone competing with Craigslist...I think what Facebook did to MySpace is the potential of what the right competitor can and will do to Craigslist...