I was always fairly skeptical of the whole Agloco idea, that’s why I never bothered to sign up… and as it turns out, the idea seems to have worked about as well as a screen door on a submarine.
The AGLOCO Development team is sending out an email that states:
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
So, this is most likely the death knell for the AGLOCO dream, and it sucks most for people like John Chow who earned over 14,000 hours… but on the other hand, he made $27,000. It’s probably worse for the people out there who built their dreams of making money online around a large AGLOCO network, because now they are basically at ground zero again.
I’m a naturally skeptical person, so in cases like AGLOCO it comes in handy because I’ve saved a lot of wasted effort. Of course it makes it really hard to purchase established websites - it’s something I’ve wanted to do for a long time, but I’m just way too skeptical… too worried about getting ripped off.
The AGLOCO bubble has burst, but I’m sure another fad will pop up soon. Just remember to evaluate your endeavors in-depth before deciding to dump a lot of effort into them.
Good profits.
