UPDATE: At this point it appears that Agloco is dead. No further updates have been given to us in several months and the internal log in system is completely inactive.

This system has been described sort of, but is a bit complicated to most I think. Maybe it even is to me really. At first glance it is really going to put people off. The idea is rather ingenious IF it can be pulled off though in my opinion. If I am right, which I believe I am, it is a good idea to join Agloco NOW, rather than later.

Now read this explanation and think about what it means. The numbers look silly to most, and the whole system may put a ton of people off until they REALLY dig into what it means. From the AGLOCO blog:

Since AGLOCO started its Viewbar in June, we have been working to deliver an early money distribution plan that will be work for both Members and AGLOCO at this time. It was decided to start with the AGLOCO Monthly Residual Payments. These are small 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)

AGLOCO Monthly Residual Payments become payable when declared such by AGLOCO. We are working to add the accounting feature to the account page to show this to each Member, but that will not be available until after all the Ask.com features have been integrated.

In addition to the AGLOCO Monthly Residual Payments hours may become eligible for Bonus Payments. If AGLOCO exceeds expectations and builds funds in excess of reserves needed it may be possible to make AGLOCO Bonus Payments. We do not expect this to happen anytime in the near future. The details on the Bonus Payments and the Monthly Residual payments will be placed on the account page along with the accounting display. source

Looks like a garbage payout doesn’t it? Sure does, but let’s think about this a bit. This is what you sports fans will call a back loaded contract. You pay a guy a few bucks early so that you can get more players to run for the title in the first years of the contract. As the years go by in the contract the player makes more money, but hopefully the team has found a way to pay it all out by then. This is the risk, and it is exactly the same with Agloco. Let me explain why.

Let’s simplify the numbers from their blog post to more round numbers so we can more easily understand this. We are going to just say that all hours are worth $.50 to do easy math, OK? Good. We also are going to assume that one person is only able to earn 5 hours each on Agloco. Each person in their network can earn them 5 hours as well, but we will get to that at the end.

June pays $.50 per hour. 5X $.50=$2.50/ month. ($.0208333 per month over 120 months)

That is ONE month. The FIRST month.

Now let’s assume July pays that $.50 per hour, or $2.50 a month as well for your 5 hours broken over 120 months. ($.0208333 per month for 120 months again.)

But wait. Now your July earnings and for the next 119 months would be June’s payout ($0.0208333)+ July’s payout ($0.0208333)=$0.0416666 for July.

August at the same rate would be $.06249. This includes June’s and July’s earnings because it would be stacked correct?

September would be $.083333 for every 5 hours earned. June, July, August, and September earnings stacked.

Is this making sense?

after 4 months, with say 1000 hours per month you would be getting $16.67 per month. That’s 800 referrals with their 5 hours every month because referrals are currently paid at 25% of your hours.

$4.16 for June+
$4.16 for July+
$4.16 for August+
$4.16 for September=$16.67 in September.

Keep adding $4.16 every month after that for a long time period with those similar stats. Remember that first month of June is on the payroll for 120 months regardless of how many hours you had in the following months. You could have more, or less hours in any other month, but that one month will never change and will pay out to you for that ENTIRE 120 months. It may not sound like a whole lot, but it will add up. It just isn’t a get rich quick scheme, but it can be a nice annuity for you over time.

This is a “stacking” if I understand this correctly in how it is described.

This may be more complicated to think about, but from the way I see it your payouts just increase every month regardless. Eventually your payments become much greater so being here now is what you want and people want to start earlier.

Trust me. I do absolutely no work on Agloco other than throwing a post up every now and then and having the Agoloco viewbar on for a few hours one day a month. I have a website I’ve had for a few months, but the ads on it have paid for that already.

They say this is the initial payout plan, but it could change dramatically. The way they describe it sounds like they are putting a lot of people off, which frankly makes me happy because that means they will quit and I will make more per month on my hours…lol

Something else that they mentioned as well is that members may be able to SELL their hours to other members if they decide to quit doing it all. This is a good opportunity for either side. The rich can get richer, and the poor can still get something for their work now instead of waiting. They also have a mention of “Cash Bonuses” as well if they earn more than they expect. This has not been explained as of yet in detail, but I figured I would re-iterate it.

This is after all no get rich quick scheme. They are just now getting big time advertisers, and they are working a contract now with Ask.com which is going to be a huge partner. I’ve always said that this is a “What the hell?” kind of affiliate program. Takes little work, and if it works, it was worth the few hours of surfing I put into it.

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UPDATE: AGLOCO IS DEAD

Earn Shares in the Company

You accumulate hours in your account for your use of the Viewbar™ software, up to the maximum monthly hours (which is country-specific). These hours can be convertible into shares of AGLOCO™ stock. You can also accumulate hours in your account for the usage of Viewbar™ by your direct referrals and extended referrals. You become eligible for the shares when your account reaches your country’s minimum payout limit. (end of post)

As a new company, AGLOCO™ is a private company that is not traded on any stock exchange. We are exploring public offerings of the stock on various major global stock exchanges as a means to facilitate the issuance of shares to Members.

Earn Cash

As AGLOCO™ grows and the company generates positive cash flow, we will be distributing the excess cash to Members and shareholders of the company. In addition, Members can earn cash directly in their accounts for certain transactions with AGLOCO™ sponsor sites.

Remember, the company is 100% owned by the Members, so we will put the cash to work to best reward the Member/shareholders of the company. The cash will be used for payouts based on hourly Viewbar™ usage, cash dividends to Member / shareholders and/or share buybacks of the company’s shares.

Global rates

Currently AGLOCO treats all countries worldwide on an equal basis: all Members can accumulate up to a maximum of five hours a month of Viewbar™ usage. Referrals will also be accrued with a five hour limit. If shares are issued they will issued at one share per hour for Member hours and one quarter share for each referral hour.

AGLOCO reserves the right to change these rates at any time for any country on a country by country basis.

Country Specific Restrictions

Currently AGLOCO is open for membership to anyone worldwide. However, due to different regulatory requirements in each country, it may become necessary for AGLOCO to restrict certain countries from Viewbar™ downloads or Viewbar™ use.

In some countries, for member participation, AGLOCO may have to qualify for share issuance prior to offering shares to Members. In all countries prior to share issuance, Members’ hours will be accrued and shares issued when the AGLOCO board of directors approves them.

Some countries may be too small or legal requirements too complicated for shares to be issued to Members in that country. (As a Member owned company it may not be prudent to incur the excess expenses for all Members, in order to distribute shares in the countries so affected). In this case, AGLOCO reserves the right to exchange hours for cash, once there is a public market for AGLOCO stock.

UPDATE: The payment structure has been revealed somewhat. Go read my post Agloco Payouts Explained for more information.

UPDATE: AGLOCO IS DEAD. Don’t even talk about this to anyone you know.

Talk to your friends about AGLOCO! Members are already putting their referral links on business cards, signs, bumper stickers and fliers. These promotion tactics must fall within the bounds of your local laws, rules, or regulations.
Accordingly, the distribution of fliers or handbills on private property or where prohibited in any fashion is a violation of the Membership Agreement. This includes but is not limited to, littering private or public property with fliers or cards, placing illegal road signs or plastering surfaces with posters or stickers.

If you wish to advertise your referral link in a local or wide coverage newsletter or newspaper, AGLOCO asks that you personalize your advertisement. Your ad must not make any misrepresentations to any of Your Referrals or potential Referrals with respect to compensation typically received by AGLOCO members or with respect to compensation that potential members are likely to receive.

Make sure the content you are presenting is consistent with AGLOCO’s family friendly policies and content guidelines.

UPDATE: AGLOCO IS DEADstrong>. Don’t even mention the name to people you know unless you are going to bad mouth them.