AGLOCO - Another One Bites the Dust!
December 11, 2007 | Author: Rob | Filed under: Working at Home
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If you have not heard already; AGLOCO aka “A Global Company that is Owned by It’s Members” is basically dead. It’s a shame as I’m sure many thought this was the ideal work at home program.
I first heard about this company in earlier this year and immediately thought to myself this is just too good to be true. It’s one of those schemes that sounds really good but the practicality of it just lacks something.
Sure enough they no longer have the funding to pay the development team let alone its members. They aren’t totally dead but they are essentially dead stating that if they don’t find some new financiers they will have to close down operation.
This is a bullet I dodged as I was tempted to get in on this. I remember those paid to surf programs that came out around 1997. G something World was a big one. I had over 200 people below me and thought I had made it huge. Sure enough it caved too. I think it was gotoworld.com but I’m not sure. If you go there now it’s just essentially a parked page.
I feel bad for everyone who wasted a lot of time pushing this thing. That’s why I always say it’s good to be an early adopter but if it sounds “too good to be true” it probably is. Also I try and wait until atleast SOMEONE has received a check or cashout before I put my time into a project.
John Chow contacted them and basically broke the news so be sure to read this post for further information.
Another one bites the dust!
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5 people have left comments
Agloco goes under? Go figure
The idea is good in theory, but it never quite pans out.
LOL. I’m glad I didn’t waste any time promoting it and feel bad for those that put their heart and soul into it. As I mentioned I’ve already put everything into something that never got off the ground.
It is a pretty cool concept though.
[…] times though, you get screwed over and lose money. Israel experienced this recently and thousands of others get banned everyday and […]
[…] times though, you get screwed over and lose money. Israel experienced this recently and thousands of others get banned everyday and […]
You hate to see these things happen. There were alot of people promoting this. I have decided to sink my teeth into a company and stick with it thru thick and thin. I have done my research and they have been around for 7 years adn they are totally debt free and have never been late or missed a payday. Everyone can afford it and you get so many free marketing tools including websites and with past companies you have to pay extra each month to get the websites and marketing tools. It is so cool only 340 total people in your entire group gets you $3300.00 per month. My friend who is great at network marketing has only been in for 4 months and make just under 10k last month. So I am excited about LHN and plan to make a long term committment.
Great blog and I will be back to see what you are doing.
http://www.timetoearnwhatyourworth.com/csteele