Contact: Mihail Lari Blogit press@blogit.com
PALO ALTO, CA – April 20, 2005 – Blogit, a leading online network of readers and writers, today announced the Blogit community has reached the one million mark in writer posts and reader commentaries on over 25,000 blogs featured on the site. The milestone represents Blogit’s growing popularity with its unique blog-for-pay model where writers receive compensation based on readership from the community itself.
“We set out to create a venue where aspiring writers can easily get started, find an immediate audience and reap financial rewards for building a following,” said Mihail S. Lari, Blogit CEO. “Today Blogit is a vibrant marketplace of readers and writers covering hundreds of topics. Blogit addresses the growing question of how to make money with blogs.”
For aspiring authors, Blogit has helped circumvent the conventional, uncertain path to publishing. “I don’t have to try to get a publisher interested and then wait three to six months for a submission to be published,” said Ben Sainsbury aka bensains. "I can write a blog entry and get instant feedback. I am not stuck in limbo waiting half a year to get my thoughts and ideas out.”
Blogit operates on a strictly subscription basis starting as low as $9.95 per month for an annual subscription. The site features no ads. Half of subscribers’ fees are paid out to the writers they actually read so readers can directly support financially their favorite writers. Blogit features several lists of the most popular blogs and makes public the dollars accumulated by writers as part of the member profile, similar to a power seller rating on eBay. Writers can opt to receive monthly payments through PayPal or check.
Blogit makes it easy for writers to set up and begin writing online. As important, Blogit provides an eager audience of readers perusing the site for topics of interest. Readers can immediately begin posting comments and connect with like-minded readers and writers. Using sophisticated algorithms and tracking systems, Blogit handles how much is accurately paid by each reader to a writer.
Blogit member Michael Beebe aka Unidentified_Hacker said, "Everyone on Blogit is supportive and willing to offer honest criticism. There could be no better place for a writer of any level of skill or notoriety.”
Blogit (http://www.blogit.com) was founded in 2002 by entrepreneurs and brothers Humayun Lari (an early blog reader) and Mihail Lari (a published author) to address the lack of an economic model behind the growing popularity of blogs. Featuring over 25,000 blogs, Blogit is the first subscription-based blog-for-pay venue that pays writers based on readership. Blogit is privately owned and headquartered in Palo Alto, California.
Blogit™ and blog-for-pay™ are trademarks of Blogit. All other trademarks are owned by their respective owners.