Lots of comments here that I want to reply to, but I'll try to stick to the bullet points...
The middle aged are. Unfortunately the people who are writing the cheques.
@graeme_p, in my area, the Facebook Ad Manager says that there are about 10,000 active accounts. But that includes fake accounts, people with duplicate accounts, etc, and it doesn't define "active", so it's a little misleadingly high.
In comparison, my site that covers the same area has about 44,000 unique visitors per month.
But the amazing thing is that nobody seems to believe me, even though I can show the proof! LOL I had one business owner flat call me a liar, and said that if I proved it then he would advertise with me forever. I showed him the Facebook Ad Manager, logged him in to Analytics, and even offered him a free month to try it for himself with no obligation. That was last year, and I haven't heard from him since.
My girlfriend has the same perception, too. For example, she's posted a few impulse items in my classifieds this week and had no sales, so she decided to try Facebook and sold 4 things overnight. But! On my site she posted them and left; on Facebook she created a group and a logo, invited all of her friends, invited all of her mom's friends... she actively promoted it. And the 4 things sold were to friends of her mom, so they're really pity-buys. But she doesn't see it that way... she sees that my site didn't work and Facebook did.
A good responsive design will not lose your desktop users and will make your site better for mobile device users.
That's actually been my fear: that my desktop users will begin to transition to mobile users, resulting in less and less money.
I've done it plenty of times myself... I'll see something on TV that I want to look up, and where I used to go to my computer to look it up and find myself going down the rabbit hole of looking at more and more pages, now I just pull out my phone, look it up, and I'm done.
Half the time I find the answer on Google without even going to the source's page, which is a whole 'nother problem...
If you believe the problem is the Covid-19 situation, and the lock down of local businesses in your area, may be you should hibernate your company too, until things settle and reopen.
@JorgeV, the concern there is that my users would just pivot to Facebook, and then they're gone forever. I've cut staff to the bare minimum, really, and pushed the ones I have to part-time so they can get unemployment benefits. Any further cuts really would result in me closing :-(
I guess you tried affiliate networks like CJ ? Amazon, eBay ? Amazon and eBay might not earn big, but they might still earn some ,if you promote the right products to your audience.
Yup, and they've all brought in the neighborhood of $1. Since my target audience is based on location rather than a specific interest, I was never really able to figure out how to promote the right products.
Coupons.com and Flipp used to bring in better money, but now they've both virtually died away... I guess apps have taken their place, so no one is looking to clip coupons on websites anymore. Outbrain never really brought in more than $20 /month, but that was a few years ago.
Or maybe find some volunteers willing to help moderate, like here on WebmasterWorld.
@robzilla, that one's easier said than done! LOL My sites... well, the top users are freakin' psychotic. In the classifieds, they
demand that I ban somebody that didn't reply to their message fast enough, or if they think the price is too high. In the message boards, politics have become the main discussion and you can imagine how that goes.
In 18 years, I haven't met a single local person that I would trust to volunteer for even light moderating.
A responsive redesign is a lot of work, especially since most of your code seems to be custom, from what I can remember. So I hope you've set it up in such a way that all 55 sites don't have to be changed individually.
It is entirely custom, yes. And it is done in such a way. Thank God! LOL My last major redesign was 2013, though, so I'm going through a total overhaul: MySQL restructuring, converting to MySQLi, building new features, getting rid of features that aren't doing to well and merging them in to other features... it's taking forever.
And refer back to engine's comment about making a plan. A proper business plan can help you decide whether or not to continue, and if it's a good plan maybe you can even find financial backing.
The irony of financing... In 2017 I had an 800+ credit score, and could have gotten a loan easy! But I didn't need the money.
Now that I actually NEED the money, my credit score is in the low 600s and banks won't even return my call.
I spent most of last year trying to refinance my house and use the equity to pay off high-interest loans, which would have lowered my monthly overhead by close to $1,000. After about TEN months of working with the bank, one day they just stopped replying to my emails.
I dug up a URL you once shared with me. Are you sure that blocking all traffic from outside the US is not hurting you ad revenue? Sometimes local content can be helpful to outsiders (or maybe the click ads if the content's not helpful), and people do travel, emigrate, etc.
I'm not really 100% sure, no. I have a handful of expats that I have manually whitelisted, but of course I could be blocking 1,000 others and not know it.
Blocking non-US traffic has cut my spam and scams posted by 90%, though, so I've been looking at it as "minor sacrifice for the sake of improved quality". I could be wrong, of course, but I really don't know how to be sure.
Finally, I don't know what it's like in the US, but over here anyone financially affected by the covid crisis can ask for a subsidy or a loan from the government.
The government here, man... don't get me started. They offered such a plan, but the money was almost immediately snatched up by millionaires and friends of politicians. Small businesses were able to get very little assistance.
I was able to get a $25,000 loan, which is why I'm still afloat right now. But it's just a loan, and the payments begin next year, so it's just borrowing time and going to make it even harder to recover when I have to start coming up with that payment.
To the OP: You say that a lot of your local advertisers have closed (for good?) because of covid, but at the same time you're saying that a lot of local advertisers are on fecebook, - can both statements be correct?
@SumGuy, I might have misspoken... I've seen maybe 2 local businesses with a
paid ad on Facebook, I meant that they promote their business by posting regularly and making near-constant updates.
For years, I had a steady list of about 100 regular advertisers. It would ebb and flow a little, but once we had 100 I would stop trying to get more because I wanted them to all have good results and not overflood the market.
That started to go down a little in 2017, then a little more in 2018, and so on. I live in an area that's suffered a bit with the economy that's gotten increasingly weaker: chain stores and restaurants have closed, others have been nervous and began hoarding their advertising money, bigger manufacturers that used to advertise job openings have either closed or relocated... As of January 2020, almost all of my advertisers were small businesses that typically only advertise for one month, so it's a lot more work for the same money.
Then when COVID hit, a lot of them were forced to close by government order (restaurants, gyms, salons, etc). The ones that were still open had their customer base cut, too, so of course they stopped paying.
I've reached out to old advertisers and people I see posting on Facebook, and offered huge discounts, free months, etc. But I've had surprisingly few takers, and I honestly can't explain that one.
Throwing back to @lammert's earlier question, I'd almost forgotten that in January I started to offer an ad option to take over the above-the-fold Adsense banner for a flat rate for a full day. The CPM rate was $0.15, but I would still stand to almost triple what I'm getting from Adsense for that location.
That never actually got off the ground because I stopped promoting it in March, but I feel like it has some potential with the right clients. I really wish that I could figure out how to use Google's Ad Manager to let clients bid and compete with Adsense with their own budget, but that one's gone way over my head.