AGLOCO is going out of business, that is, unless one of their members or someone else buys the site off the hands of the current owners or invests big money so they can continue on in their development plans.

Received an email from AGLOCO’s development team this morning the gist of which is that, while they continue to believe in the AGLOCO concept, their revenue is currently not enough to give members a share that amounts to much of anything. They say their membership numbers continue to increase but that the resulting revenue is still not enough to support operating costs and their development team simply can’t continue to use their savings to fund operating costs. So they are asking if any member is interested in pursuing the continuing operations of AGLOCO, that member should contact them.

A few months ago, I’d signed up with AGLOCO to find out exactly what they were about after doing a post about them, but I never really invested more than the time it took to sign up so there’s no real loss there for me. I’ve read how a number of people invested money in trying to increase their referrals in the hope of getting bigger money once AGLOCO skyrocketed; but risk is what it’s all about in this business. You take your chances and deal with the consequences.

The concept of users of the Internet getting to share some of the money their use of a website helps to generate for the website owner is nice, but in reality, even if AGLOCO had been making money, it would end up being no different from GOOGLE ADSENSE and similar programs whereby certain individuals are able to make decent money using the program while the majority of members, publishers, or whatever they’re called under the specific program, make nothing or pennies per day.