Sinbucks Sites Redirecting (Closing Down)

[LB]

Originally Posted by Jim

Useless
If you have a program that runs for a few years, there is much more money in just shutting down the affiliate program and collect the recurring without having to pay webmasters. I'm not sure if this is what sinbucks is doing but, that is a reason to not sell.

And, most affiliate program owners thing their program is worth much more than it really is. For example, Ultracash was supposed to be sold for $10 million. It was never sold and through my thieving partner's actions, processing was shut down since he stopped paying the hosting bill and the sites were taken offline.

Originally that was our plan. He wanted to get out of the business and Sparky and I wanted to stay. We tried to talk him into letting us run the sites but things were afoot. We were supposed to collect our percentage of the recurring but I was cut out. And, I believe Sparky never saw a dime from it either. I know my 20% of several thousand members recurring for a few years was worth quite a bit of money.

I have had similar experiences ... and a few times over which makes me an idiot who keeps walking into these landmines.

Partners are a huge pain in the rear end


Edit: But even thought I might get flamed for this ... a program that changes hands even once is a program to be avoided at all costs... at least until they build their rep back over 1-2 years.

[Jim]

Originally Posted by LB

I have had similar experiences ... and a few times over which makes me an idiot who keeps walking into these landmines.

Partners are a huge pain in the rear end


Edit: But even thought I might get flamed for this ... a program that changes hands even once is a program to be avoided at all costs... at least until they build their rep back over 1-2 years.

If Ultracash changed hands from my thieving partner to Sparky and myself, nobody would have even noticed. People around back then thought I owned Ultracash anyway. People dealt with me, got paid by me and Sparky ran the back-end. The thief once took a year long sabbatical to go across Canada During that year, we made more money than any other time. The only time we lost money was when we did what the thief wanted us to do. Such as...freepictures.com as a free host where we had none of our own banners. I remember paying $100k bandwidth bills back then. We were forced to use sextracker for servers, software and bandwidth. Never a good idea anyway you slice it.