AGLOCO is Dead, And I’m Glad
AGLOCO was a stupid idea. You get paid to surf the web, and you get money for everyone who signs up with you as referral. Sure. Money gets created out of thin air, and everyone gets rich (especially the folks who got there early)? Well, according to John Chow, one of their biggest supporters, now they’re dead, and I won’t shed any tears over it.
In any case, I’m sorry for the people who had spent time pitching AGLOCO to their friends. For future reference, note the difference between affiliate marketing and a pyramid scheme (source: Wikipedia): the first is “a web-based marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts” while the latter is ” a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered” The key word here? Product.
Read a solid analysis of AGLOCO here.
December 10th, 2007 at 5:34 am
Dear Kyle,
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at agloco1@live.com .
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team
December 10th, 2007 at 7:00 am
@Kyle: thanks Kyle, sorry you got shafted by AGLOCO, too
December 11th, 2007 at 7:25 pm
Agloco is Dead !…
Do you still remember Agloco? The get rich concept by doing nothing. Basically, it’s a paid advertisement viewing toolbar that running on members’ computer with attractive referral scheme. It looks like a pyramid scheme, and I believe every…
February 4th, 2008 at 9:51 pm
A great concept lousy operated and managed admin claims they could not generate enough in advertisement, if done right they would have generated millions.
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