Family Tree Research is Big Business!

While I was taking a break from researching my family tree I took a look at a finance site this morning. My attention was drawn, because of my interest in Family History, towards a report on Investors.com about a stock that’s been one of the market’s big winners during the past year and a half in the USA.

Read more at:http://www.investors.com/Education/DailyStockAnalysis.aspx?id=576677

It is, of course, Ancestry.com Inc. the group of family history web sites, including Ancestry.co.uk, that many of us use or have probably used in the past to dig into our family tree and dig up things like births, marriages and deaths, census record and more. It became listed in November 2009 and so it is considered to be relatively new to the market.

But already Investors.com reveals that:

” … a lot of people seem to be interested in that information. Sales growth ranged from 36% to 41% during the past four quarters.
* Earnings growth has had some big swings, but came in at a hefty 125% last quarter.
* Looking ahead, analysts see earnings rising 51% this year and 30% next year.
* The stock’s Relative Strength Rating is 96. That rating compares Ancestry’s price performance to the rest of the market. So Ancestry is outperforming 96% of the other stocks in the market.
* Still, its Accumulation/Distribution Rating is a D-. So some big investors have been selling the stock.”

All this shows that, across the world, people like us are so taken by the Family History bug that we are willing to spend money in the pursuit of our hobby.

Now I know, from feed back on my blog and on my facebook page, that some people believe that the subscriptions to sites like these are getting out of their reach. It would seem that the Israeli owned MyHeritage may have understood this trend in the market as it is reported on another website I found called Businessinsider.com, that they are developing a way to share the costs of subscriptions to their site.

MyHeritage, which makes it money from advertising as well as premium subscriptions has a quite clever way of getting family history researchers to pay for premium subscriptions to its site and that is to encourage your friends and family to chip in.

According to Business Insider:

“You can create a “Family Goal” to encourage other family members to subscribe.

This has some precedent, in different ways, in online fundraising campaigns, which encourage donors to reach a goal, and in group buying. Obviously it makes sense in a genealogy site, where a family may be involved in matching their heritage, but it can also make sense for any site that is used by a group (for example a group publishing platform).

It’s a clever mechanic, and it will be interesting to see whether it works for MyHeritage and whether other social sites implement something similar.”

Read more: http://www.businessinsider.com/myheritage-social-payments-2011-7#ixzz1RyYprp7U

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Distant Cousins Help to Populate My Family Tree

As my family tree research has moved along, I have been very lucky in receiving a helping hand by several distant “cousins” who have been nice enough to share with me information on mutual ancestors. Like me, they were independently researching the same, or sometimes collateral lines of  our shared family. The input these kind folk have given me has often boosted my research and propelled me so much further forward in the quest to build my tree. There is some pleasure to open my email program and find the subject line includes a last name, from one of the various family branches I’m researching. You may be wondering how you could start to get your own fellow researchers to contact you?

1.Enter your ancestors into a family tree on-line. I have used the facility at websites such as GenesReunited and Ancestry (Disclosure: these links are compensated affiliate links) to upload some of my ancestors into the family tree facilities provided by these sites. A benefit here is that you don’t have to give out your email if you don’t want to, as you get messages via the website that allows you to decide to contact the person or not.

Ancestry

2. Set up a simple website. This has been my most effective way of receiving contacts. Initially I signed up for a free website hosting and simply purchased the domain name for a few pounds/dollars a year. I then got a free website builder that didn’t need me to know any HTML code as it worked in a What-You-See-Is-What-You-Get manner. I posted a page with a few facts and some photographs on each branch and added a picture of my very minimal, at least that time, tree. As I grew more proficient I split the lines into several pages, one for each branch. When I went visiting the areas, where my ancestors had lived, I took photographs of houses that they had lived in, work places, schools that they had attended and so on. Next I published some pages in a short narrative about the trip. I then posted links to my site on a few websites that allowed me to do this, for example some forums will if it is not a commercial post.Eventually the Google search engine found my website and so now it has become easier for surfers to find it when looking for Thorne, or Stephens or Hay families. So what about the threat of spam to any email address that is published on the Internet? In order to prevent my main email becoming bogged down with spam I set up a separate email on my website domain, e.g name @ mydomain. com and then added a new identity in outlook express. I now have two email addresses so keeping my private one away from the spammers.
3. Get blogging. I chose to set up a WordPress blog on my existing website as an add on, but Blogger is an alternative that I have seen used. You may decide that, instead of adding a blog to a website that you go down the route of a blog on its own. To many this is the simplest way to get a web presence. You are able to host it on the blog provider’s platform. Better still, as you retain the copyright for anything you publish, register a domain name of your choice and get some web-hosting. Now all you need to do is set up the blog on your own hosted website. You don’t need to have other pages on the site if you don’t want to.
4. Join social networking sites like Arcalife, or We’re Related, or Ancestral Maps.
Arcalife combines the ability to share family trees with connectivity. It is heralded as a facebook for family historians. It is still under development but looks like it is going in the right direction.
We’re Related is an application that is not meant to be a full featured family tree software package, though it has got several features of that kind included. The idea behind it is for you to be able to share basic family information with anybody you choose.This should allow you to find your relatives on Facebook, keep up with your family, build your family tree and share news and photos with your family. They hope that in the future the application will allow us to share memories about ancestors with our family, compare our family tree with our friends on Facebook and so to see if we are related.
Ancestral Maps is an exciting new website that allows family historians to plot events and locations relating to your ancestors’ lives on maps. The idea is to then share these with others who are members of the website. It sounds like it could grow into a most useful site as it attracts new users.
So if you want to speed up your research and make contacts with distant cousins then I can’t recommend enough these strategies. The bottom line is that the world wide web has made it much easier for us to make connections with fellow researchers but to do this you need to set up a means for them to find and contact you.
A word of warning: Never take what is shared and publish it without asking. If someone has put in 20 years research on their family and shares with you the benefit of their work, for you to go and add it to your website without their permission is a recipe for ill-feeling and perhaps legal proceedings.
So a distant cousin’s research may well propel you along to find ancestors more quickly than if you were plodding along yourself, but remember that a good family researcher will check the primary source of any information given and will not take it as gospel until they have tracked down the births, marriages and death or census records themselves and then cited them properly in their tree.
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