Kumiko's Cash Quest

AGLOCO is a dead program now….only a mindless zombie would sign up after their latest news.

AGLOCO launched way back in 2006 with massive hype and promotion that quickly saw it become one of the most publicized programs in recent history that promised to help you “make money online“.

The concept was simple - you install an advertising bar on your computer and AGLOCO will pass some of the revenue that they earn from the ads on to you.

By launching with a referral program and hype about members being given shares in the company, many websites suddenly became filled with banners and posts promoting them.

Fortunately, the hype has died down a lot since the initial rush due to their failure to pay, management inefficiency and unexplained delays….and now they are virtually dead.

AGLOCO operates at a loss

After almost a year of waiting, their latest splog entry finally outlines the financial status of the company and member distributions. Let’s take a look:

“During the last three months, June, July and August, AGLOCO lost slightly more than $100,000….The AGLOCO losses are getting smaller each month and at this point, we anticipate the September loss will be $10,000 to $15,000.”

They’ve already lost over $100,000! And they’re still losing money!! Where has the money gone? They say that it has gone to their member services and technical team…but $100,000!?

What you need to keep in mind here is that the Viewbar has been launched - it is nearly “all systems go” for the company - and they’re still losing money. There isn’t any revolutionary new product coming out as they’ve released the Viewbar and that’s all they’ve got.

Considering that they have implied that members won’t be paid until they have enough profit (and I’d say paid back the $100,000 too), you can pretty much give up on any hope of ever receiving money from AGLOCO.

AGLOCO will pay you over 10 years

Even if they do decide to pay, they’ve finally outlined how much you’ll get:

“monthly payments which will be made for hours earned each month and paid monthly for 10 years. The following rates have been set (amounts are expressed in US currency):

• June $0.48 per hour - ($0.0040 per month for 120 months)
• July $0.42 per hour - ($0.0035 per month for 120 months)
• August $0.54 per hour - ($0.0045 per month for 120 months)“

They’re going to pay you over 10 years!!! WTF!? Even I didn’t see this one coming but this is the nail in the coffin. For all those referral hours you earned when your referrals used the Viewbar, AGLOCO will finish paying you in 2017! What a joke!

Even if you’re the #1 AGLOCO referrer in the world, I doubt you’d crack $80 per month with those payments and if you’re at that level you’ve definitely spent more than $80 worth of your time and website space promoting them. For most regular members, you’d be lucky if you can buy a coffee.

If you can buy a coffee - enjoy it while it lasts - because inflation is a b*tch and that $0.0045 per month that you’re getting now is going to be worth about $0.00000045 in 2017!

Still think you’re making money? If you want to get paid by check, you need a minimum of $100. You do the math on how many hours you need at $0.0045 per hour to get paid!

It gets even worse

Just when you thought that it couldn’t get any worse for AGLOCO members all the payments they’ve outlined will only occur IF their agreement with Ask.com is successful and IF they can actually turn a profit.

It’s not looking good for either situations.

Rest in peace

I’ve spent a lot of time on CashQuests this year dissecting and criticizing the AGLOCO business model and why it won’t work. Many have argued that since it doesn’t cost you anything that it is zero-risk and that you’ve got nothing to lose.

However, to get a decent amount of referrals in your network you would have had to have spent your time promoting them. That time is gone forever and could have been spent promoting something more viable.

The lies they told wasted a lot of people’s time.

And spare a thought for those who were really sucked in and spent money on AdWords campaigns!

With the latest news, I really don’t see the point in writing about them anymore. It’s pretty obvious that they’re dead and buried so anybody who spends time promoting them now really deserves to have their time wasted. It’s been fun, but they’re not worth it any more.

Just one final message to AGLOCO: