I found this site when I listen to my local radio during rush hour.  It is Social Networking site that user can borrow & lend money within users.  They rank your credit rating and lender can lend money upto $2 million dollars.  Many users doing arbitrage if they have good credit rating.  Borrow money upto $25000 with lower rate and lend money with higher rate.  It is kinda risky but I like the site idea.The interest rate is kinda high, but if you need money for your internet site, your venture, it can help.

I create my group, so you can join and start lend money and make some interest, or borrow some money.

I have myspace sites and one of sites used to ranking 10th on Google with major keyword “Myspace Layouts” last August, 2006.  Since, then I am trying to increase backlinks with anchor text “Myspace Layouts” and site even got listed on Yahoo Directory.  However, site drop to page2, then page3, last month site listed between page 4 & page 5.  Today, it is gone to page 7.  I am very fraustrated with this site.  I thought I was doing ok with SEO for this site, and it is not working even with PR8 link(I bought PR8 link for the site).  I am looking into how to improve site rank.  My first try is buying some forum signature, do some link exchange.  I search little bit and many users said Forum signature will help..will see about that.

Yahoo Acquires MyBlogLog for $10 Million

Valleywag started a rumor in November that Yahoo had bought MyBlogLog - Yahoo then denied it and everybody backtracked. Another story popped up on MarketingShift early today, adding a $10 million price tag - that post was quickly pulled, suggesting that it was either incorrect or too early.As it turns out, they were just a little too early, since Forbes has just confirmed Yahoo’s purchase of MyBlogLog, the Florida-based blog communities service, for $10 million. That price doesn’t come from Yahoo itself, but from “knowledgeable sources”, they say. Bradley Horowitz, VP of product strategy at Yahoo, said that MyBlogLog would remain a separate entity (much like their other social acquisitions) , but you’ll be able to register with your Yahoo ID. The MyBlogLog communities will also be integrated with Flickr and Yahoo Answers, although Forbes isn’t at all clear on what that means. MyBlogLog is currently on 45,000 blogs, according to founder Scott Rafer. (via mashable.com)

This is my goal and my dream.  All you need is simple idea that makes difference and usable in niche market.  Now, Yahoo need to monetize the site, this will be interesting.  

One of my server is down for more than 7 hours today. I had 3 good traffic sites which generates about $20-$30 per day together. My other sites hosted at other servers at other data center. If you are getting dedicated server(s), at least spread out to different reputable providers. Also, having backup plan is critical(must for if you have big site). It is pain when your site is offline and traffics keep coming in. I can’t do anything except wait until server is up, this sucks. I need to think about backup plan if this happens again because there is no such thing as 100% uptime.

Social Networking site is the best web2.0 business today such as myspace.com, facebook, xanga, and other.  Therefore, I was looking for social networking site for awhile, because, if you can find right niche, it can be successful.  I took over aviation themed social networking(which I like the planes and I think it is good niche) web site today.  It has almost no revenue but site has more than 1200+ members.   I am into aviation as well, so it will be my another great site hopefully.  I will update with advertising, SEO, and etc to generate some revenue from the site.