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September 19th, 2011

CMF Ads is closing!

My first clue that CMF Ads was closing was when I logged into Adgitize and read the note in the forums.

My second clue was the message in my inbox declining my latest blog to be added to the network.

Your blog: TheGoodBuy.net was rejected.

The following reason was given: Rejected due to site closure – sorry 🙁

If you have any queries about this, please post in our Help Forum.

Thanks,

The CMF Ads Team

My most definite clue was the big bold ad on CMF Ads letting us all no that they are closing.

CMF Ads is closing on October 30th, 2011. Read the full announcement here. We recommend Project Wonderful as a great alternative.

Dear members,

Today we have made the decision to close CMF Ads, with effect from late October 2011. This blog post is to explain why the site is closing, and what happens next.

Why the closure?

For several months we have noticed a sharp decline in activity across the site. Many of our advertisers have simply stopped coming back.

We have had several attempts to bring the site back to life, such as Atomic Ads, but these have hardly been used. We have also noticed a big decrease in the amount of payments coming into the site. General site usage is also down.

There are always reasons for activity to decline, such as people going on holiday, having time off work or school, going back to work or school, going outside during the summer, and so on. However, there’s only so long you can come up with excuses. It’s reached the point where we can’t ignore it any longer.

When will this happen?

We’ve come up with the following timetable:

  • September 16th: Add Funds option disabled. Add Blog option disabled.
  • September 18th: We will disable the ability to place new ads on this date. This will affect Campaigns, Network Ads, Fireworks, Atomic Ads and Spikes. Any running ads will have time to complete before the cut-off dates listed below.
  • September 25th: The current cashout screen will be disabled. (We will provide a new way to cash out so we can do the last cashouts in one big payment. More on this soon.)
  • October 23rd: Cut-off date for cashout requests. Any funds that have not been cashed out at this stage will be lost.
  • October 23rd: Widgets and ads disabled.
  • Before October 30th: Final cashout requests will be processed.
  • October 30th: Site closure.
Update: To give you a way to earn a small amount of account funds or spend your funds, Spikes will keep running until early to mid October.

What happens to my balance?

You can either spend your funds, or cash out. We will honour all cashout requests until September 25th, at which point the current cashout process will be disabled. We will then introduce a new cashout request process to handle the potentially large number of payments prior to the closure of the site. These requests will be accepted until October 23rd, at which point we will submit a cashout for every member who has requested it.

You must submit a normal cashout request by September 25th, or a final cashout request by October 23rd, or your balance will be lost.

The current cashout limit of $5.00 will remain. Update: We will allow you to cashout a minimum of $1.00 once the new cashout method is in place.

When will ads stop running?

From September 18th, you will no longer be able to buy ads. This will allow all remaining ads to expire before the final cashout date.

Should I remove my widget?

We recommend that you only remove the CMF Ads widget code once there are no more ads running on your blog.

Have you turned anything off yet?

Yes. We have already disabled the ability to add funds via PayPal, and add a new blog. We will gradually start closing down the various sections of the site in the coming weeks.

In closing

We understand that this will come as a disappointment to many of you, particularly if you’ve supported us since the early days. We really appreciate your support and would not have lasted this long if it had not been for you. CMF Ads is closing because we feel it has reached the end of its life, and we don’t want to drag it out any further.

If you’re looking for somewhere else to go, we can recommend a couple of sites:

  • Project Wonderful – PW is a wonderfully flexible ad network that has many options we never managed to develop. We believe you will be well looked after there.
  • Bloggeries – A paid blog directory with a free forum, and some other interesting tools. I’m a forum admin there, so please feel free to drop in and say hi.

Again, we thank you for your support over the years, and hope to see you around. We’ll update the blog with additional information as we approach the closure date.

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3 comments to CMF Ads is closing!

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