Personal Finance & Web 2.0: A Sorry State of Affairs

Nothing pains me more than seeing the lack of successful personal finance websites on the web. Sure, Ask The Advisor has a top 25 listing, but at the end of the day nothing has been wildly successfuly to the tune of a YouTube or a MySpace, etc… Now, that may be a result of the nature of money and the web. People tend to guard that information more closely and show more reserve, but you would still think that we’d have seen one huge success. And I mean HUGE!

If you go the periphery, there are many successful businesses predicated on the ability for people to save money. Take www.ebay.com or www.woot.com. They both offer different models, but satisfied the classical need for search and savings by bringing unique business models to the fore. www.seekingalpha.com has been successful, picking up distribution deals with www.yahoo.com and others. However, I’d like to see something successful where it’s bringing traffic and lots of it. Wesabe has taken a first step, but it needs to do much, much more.

More on that later.

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This entry was posted on Monday, May 7th, 2007 and is filed under Miscellaneous.

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