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Blown Away
March 19th, 2008 by Jon Waraas


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Some of you have probably read this by now, but for everyone who hasent read this than this story is a must read. Its about a PPC abritrage company named Geosign who went from making millions to nothing in a matter of days. Going from hundred of employee’s to a handful. This story is shocking but not surprising.

When you run a business like this, such as using another company’s business model to make money, it never lasts. This guy who started this company now runs eMedia which is a legitimate business based of content websites. Even though he personally made millions and lives the good life, his company failed.

This article is a very good read, well worth it. It makes you think about your company business model. Are you working day to day without a business model? Could this happen to you? Maybe you should start thinking about the future of your company than :)

Here is a excerpt from the article. I found this article from SEO Black Hat.

A record $160-million VC investment. A rich Web strategy. A quirky founder. For a few weeks last spring, Guelph, Ont.’s Geosign had it all. Then mighty Google stirred. And it was over.

Read the article here…

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2 Comments

2008-03-19 17:38:04

Yea im trying to use my Guitar Hero site as a launching pad for a bigger more legitimate website since im sure they wont make Guitar Hero forever. Although they probably will make a shit load of them in the next couple years. There are 3 new ones coming this year so im good for the time being.

 
Comment by Eva White
2008-03-27 03:32:32

The destiny to all business done with unclean methods is of this kind only. It’s better to slog in the initial times and make less money, then to use malpractices and make short lived quick buck.

 

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