Recently it has become apparent to me that I have not been able to effectively keep on top of both the administration of ASF and the rapidly increasing costs of keeping the site and up and running fast. At the start of the year ASF had fewer than 500 members, now we have over 2150 and the increase in daily traffic has caused me to upgrade the hosting twice so far. However, next year comes the biggest hosting upgrade of all and my monthly hosting costs will increase by over 500%. Unfortunately, I am no longer able to meet these costs myself and the time has come for me to turn ASF from a loss making enterprise into a proftable one to ensure its future.
It has also become clear that I need to downsize my daytime commitments and spend more time in an administrative role here at ASF. My responsibilities here are many and getting progressively more time consuming. The average number of posts each day has more than tripled since the beginning of the year and my time spent moderating and administering the site has increased by a similar amount. So yes, out of necessity I am hoping to become Aussie Stock Fourms first part-time employee.
Now, short of a monthly telethon to raise funds, the only way to ensure revenue outstrips costs on a site like this is to allow advertising... and that is what will be happening from tomorrow night at midnight. ASF will be adopting a new logo layout and a rotating banner advertisement will be appearing just above where the 'Stock Quote' feature currently is in the top right hand part of each page. I just want to assure you that this is a necessary step in ensuring that I can continue to grow ASF, maintain site performance and devote more of my own time to overseeing the forums.
I also want to be able to do some things next year that I have been unable to up until now. The first thing that comes to mind is to rework the stock tipping competition so that entrants may buy and sell stocks during the course of the month. I would also like entrants to be able to buy more than one stock. I enjoy the current competition, as I know many other do, and I think we can even make it more fun... but I am going to need to hire a programmer to work with me on it.
So, in short, by supporting any of the advertisers you will be helping to support ASF. Hopefully, next year I will be able to bring you a way to buy stockmarket books and software through ASF, but that is a little way off yet.
Thank you very much to those who have donated money to the site - you know who you are. I never forget an act of generosity and I want to let you know that it is truly appreciated.
I hope you all enjoy the site and are enriched by it in some way. After all, that's the whole reason why it's here in the first place.
Here's to the future... cheers!
P.S. If anyone has any questions, please feel free to ask.