26 Comments

Summary:

We got more than one email this week asking us to join the rebirth of AllAdvantage, the bubble-era pyramid scheme. The new company is called AGLOCO, and it is pre-launch, but the idea is the same — get paid to surf the web. This time, the […]

We got more than one email this week asking us to join the rebirth of AllAdvantage, the bubble-era pyramid scheme. The new company is called AGLOCO, and it is pre-launch, but the idea is the same — get paid to surf the web. This time, the motto is “own the internet.” To all those saying today is different than the last bubble…well, not anymore.

Though advertising and analytics techniques have improved a bit since 1999, it seems that AGLOCO (created by a couple of the AllAdvantage founders) is going with the tried and true banner at the bottom of the browser, called the “Viewbar.” Members will join the cooperative for free and take a stake in the company as well as a share of its revenues. AGLOCO promises to pay out an hourly rate for using the web while running the Viewbar, plus extra for the people you recruit to the system and the people they recruit to the system (up to four levels down).

From the FAQ on the password-protected demo site:

What is AGLOCO™ all about?
AGLOCO™ is the first Internet based economic network, which enables you as a Member to Get your share of the Internet. Advertiser’s, search companies, online merchants and other businesses currently pay lots of companies to deliver people like you to them for attention and commerce. With AGLOCO™ they will be paying YOUR company. AGLOCO™ is also a global community of Internet users whose active Members can paid for all their online activity. By downloading our proprietary Viewbar™TM technology, members benefit from engaging content tailored to their interests. AGLOCO™ also pays its members to refer their friends to the community (and for those friends to refer more friends through four levels of extended referrals.)

Bubble, bubble, toil and trouble! But in this day and age of cheap entrepreneurship, AGLOCO won’t have to raise hundreds of millions, right? We are going to try to sign up so we can tell you more (hey, why not?).

  1. I wonder which advertiser will agree to such a thing. If these viewers are getting paid a portion of advertising revenue for their viewing habits, I wonder what quality of web users they will get, and will this advertising ever translate to sales.

    If there is one market segment I would avoid as an advertiser, it would be this one.

    Share
  2. Wow, I can’t wait to see how this pans out…

    I gasped when I opened my RSS reader and read “AllAdvantage is Back”. I think this officially confirms we are once again in a bubble.

    Share
  3. Interesting is how the Google ads on this page look like: “Get Paid Cash, Non-USA” and “Make Money Beat Adwords” where the two I saw while browsing this page.

    And regarding the topic of the article. The sad truth is that greedy people will always find other greedy people who are more stupid then themselfs. Travel the world and you’ll find the same pattern regardless whether it’s big or small business.

    Share
  4. Heh, that was idea. I own a share of the internet (as in the network of networks). I will sell a cubic mm of air around my wireless AP for just a few hundred $. For just a few thousand $ you can pick outside my house which one (cubic mm of air) you want. Please read the EULA regarding the wind.

    Share
  5. When Bubble Era Standouts Are Exhumed From The Dead…

    The other day, someone asked me if there were signs that this new boom or bubble was similar or different…

    Share
  6. I was a member of All Advantage and got actual checks from them… and regardless of them eventually going under, my check cashed, and that’s what matters, right? Besides, I doubt that this company, AGLOCO, is going to do things exactly the same way All Advantage did…

    Share
  7. gentlemen, start your egg timers.

    Share
  8. Web under threat from Bloggers…

    Tim Berners-Lee is reported in the Guardian as believing the Web is under threat of being overwhelmed by fraudsters, cheats, spammers et al – and bloggers are potentially part of the problem. To quote the Guardian article:

    “there is a great danger …

    Share
  9. Good Lord, talk about rising from the dead.

    Please tell me that they haven’t been able to raise any money.

    Share
  10. I can’t belive you guys think its a bad thing! AllAdvantage never took money away from me – They gave me money! out goes the scheme argument!

    can someone tell me where I can sign up?? where’s the link? I got in late last time and made less money than my friends did! not happening again.

    Share

Comments have been disabled for this post