
Could this be the next big thing? Well, Bill Gates says, advertisors, like Alexa, and Yahoo should be worried about Agloco. Currently, the most popular Internet businesses are built on the power of social networks, who have become worth billions because other businesses realize that these social networks are generating huge advertising and marketing opportunities.. Agloco is the internet's first economic network. Unlike social networks such as MySpace and Facebook, Agloco will share it's profits - and stocks - with the members. While I'm not sure how successful it will be, one thing is clear - this company is getting huge amounts of attention. It just might be the next big thing online!
AGLOCO (short for a global company) has asked a simple question: "The users created the community, where’s their share of the profit?" From that very question, AGLOCO set out to create the
Internet’s first Economic Network by using the strength of social networks to directly benefit the Members who build the community. Becoming a member of AGLOCO is as simple as completing a simple sign-up page (name, age, location and email address.). Once you’re a Member, you will be asked to then download the Viewbar™ software.
The Ways AGLOCO Makes Money for Its Members Search: Each time you use the Viewbar™ to do an Internet search, AGLOCO earns money from the search engine providers. (Google pays as much as $0.10 on average for each search that is directed to its search engine.)
Advertising: The AGLOCO's Viewbar™ displays ads that are specialized to you. Through clicking on an ad and/or making a purchase, AGLOCO receives a referral fee, which we then pass on to our Members.
(Please note: Individual members do not receive any compensation for clicking on ads in the Viewbar™, and the Viewbar™ can detect if someone is clicking ads in a fraudulent manner.)
How much can you earn: If you become a member, and refer five more members, and these members refer three members respectively (and assuming that an Agloco hour is valued at $1), you can earn $761 per month (with five member referrals), $1,522 (with ten member referrals), and over $3,000 with 20 member referrals. Currently, there is a five hour surfing maximum that you will get paid for per month.
At this point nobody can say how much an hour of surfing will be valued. This will certainly be dependent on the number of people signing up with Agloco as it gives Agloco the power to negotiate with companies. Presently, Agloco is working on listing the company on the London Stock Exchange. You can have a look at the Simmon Analysis of the Agloco business.
It is also not clear if Agloco is scaling back how much it is being paid for later members, but according to blog posts over the past days, the time to sign-up and potentially get the biggest share of the opportunity is now.
Is this a spam? Well, this potentially could look a spam, but having done a bit of research, it looks pretty legit. From a business model standpoint, it makes sense. All Agloco is attempting to create is a permission-based advertising model for companies, build on the foundation of creating a social community that receives benefits via making money by doing what they already doing, networking with friends a la Facebook style (according to blog posts in development), and building strong content by aggregating content via feeds and having members share content.
Agloco was developed by Stanford University students and graduates, as well as some of the same people that create AllAdvantage. AllAdvantage was a similar idea back in 1999, and was a vicitm to the dot-com bubble - however was able to pay out over $120 mill to its members in a short time period. More info here.
Now finally what has all of this to do with travel and tourism marketing? Well, maybe nothing, and maybe everything. If this is one of the new way how advertising is being sold, and if social networks are the new influencencers of travel (I personally believe that networks such as Facebook, but also very exclusive and by-invite only networks such as A Small World, as well as the travel specific communities such as dominant Tripadvisor, or sites such as RealTravel and IgoUgo, or the new Vibe Agent are the way how consumers make their purchase decisions), an ecomic social network such as Aloco can be the way where travel and tourism companies have to ready shift their advertising dollars to. This is a very dramatic shift in marketing, and it is one that make a lot of traditional marketers feel very uncomfortable and at some point probably will have some even lose their jobs! So, I recommend, that you check it out, sign-up, and watch it to be ready before it is to late - and you even get paid for doing so.
By the way, when you do sign up, you would make me very happy if you used my referral code (BBFS9841), or used this link: www.agloco.com/r/BBFS9841 - Thank you!
Also have a look at this interesting interview by well-know Internet blogger Robert Scobble (author of "The Naked Conversation") with members of the Agloco founding management team. Scoble gets downright skeptical at times, and he asks the questions you’re probably thinking right now.
Read some more details about Agloco below, especially concerning Privacy, and how it all works.