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As far as I'm concerned, if I could leave Bodis at any time and move my domains elsewhere, Bodis can also quit me, with or without reason, and without notice.
You can also switch health insurers or phone companies at any time and move elsewhere for these services. Conversely, this doesnt mean that your utility company or insurance provider can dump you for no reason or without proper notice. Being a service provider (such as Bodis and other parking companies) carries a fiduciary responsibility. Being a customer does not.
Last edited by internext : 11-22-2007 at 08:08 PM.
This was listed as 100% revenue sharing. Nowhere did it say what he actually shared with his "customers".
His upstream advertisers having the power to have him get rid of 75% of the accounts tells me that they actually controlled the thing with funding. Which also says that the "sharing" was mainly favoring him.
Now, logically, any account making money would be good for him. So what he is really looking at is traffic. What he really has is a traffic problem. He has (had) 500,000 (estimate, no clue) sites parked on his server. Of those sites, 125K or 25% of them were getting enough clicks to warrent them staying there.
So what Matt did was basically pick an arbitrary figure to measure who stayed and went. If your "account" was not generating at least 25% ctr and profits, you probably got axed. Maybe not 25%, but at least he had to use a formula of #sites*clicks*profits to figure out who stayed and who went.
What that means, is that NONE of this had to do with quality of names. Let's say that you own america.com. Well if you park it at bodis, but you use the keywords "big ant farms of south eastern oklahoma", then people that type in america.com are going to find crap links. So they won't click on them.
what that really means is the Matt, (now known as mudd), really should have taken them time to do some research about who he cut and what names weren't working and why.
It also very SPECIFICALLY says that it really had NOTHING to do with his "upstream advertisers" and more to do with obviouly overloaded servers. What he is really doing is freeing up some cpu cycles and ram usage.
My opinion still stands.......................and this has ALL been my opinion, not facts.
Matt handled this VERY badly. His reputation is obviously taking a huge hit, and he is remarkably silent right now as compared to norm.
All that being said, what he was attempting was to get revenue for domains. There is simply only 1 way to do that. Park your own sites on your own accounts. If you have 100 sites or 10,000 sites and you don't have your own hosting account to take advantage of he traffic, then you aren't looking out for yourself.
A simple reseller/unlimeted site hosting account is $12 a month. Instead of buying 2 crap .coms every month, buy a hosting account and host your own names with some simple templates.
This completely eliminates the need for depending on services like this at all. And if you eliminate that need, you eliminate your dependance on services like this at all.
And on top of that, your phone company isn't in a partnership with you, and you don't invest your financial property with them. Matt has clearly gone back on MANY things that he said in the very first post of this thread. What is his excuse for not responding to emails for many months or never at all? It legitimately seems as though he tried to string people along for as long as he could. There is proof that even during all the chaos, he had signed into his account and viewed this thread, subsequently without answering a single question or concern. He waited weeks. This was all planned, and was not spur of the moment. There are many things that make it seem as though this is a legitimate case of fraud. And if Matt had only skimmed $100 off of every account, which doesn't seem all that difficult, we are looking at hundreds of thousands of dollars. When people were reporting drops in CPC as high as 95%, and there is never any proof of the actual drop or legitimate evidence that the fraud was so serious to cause this to happen, then this is a VERY serious matter. And I personally am as serious as a heart attack when I say I am willing to donate as much money as it takes to organize legal representation for all members that were affected. This is bullshit. Plain and simple.
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You took your chances with signing up to a BETA parking program knowing damn well that it may, or may not succeed. I can understand if no one ever received a payment, but.... Did not everyone get paid?
Now we have people talking about lawsuits and the like. Get a grip people! Cut your losses and move on.
This is what is the matter with today's society, too damn litigious.
Spilled your hot coffee on your lap and the cup didn't have a warning label...? LAWSUIT!
Slipped and fell on ice in front of the home? Sue the homeowner!
Got lung cancer from smoking cigs? Sue the tobacco companies!
I hate to say it, but you are flat out wrong. In none of your "scenarios" was anyone possibly being cheated out of financial gains that they were entitled to. This is a WHOLE different scenario than being stupid and spilling hot coffee on yourself. And I guarantee you any attorney would agree with me on this one.
And I have over 3,000 visits a month with an 6% CTR.... so actually, it does look rather arbitrary.
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Also got the ax this morning for low quality traffic.
Even though I supported Matt from the beginning and also critisized and threw every bad doubt that I could think of about how he is running the show, I have no remorse for what I threw and think about the way he runs his company.
Since most of our accounts are closed (3000+), we demand closing payments paid due us instantly.
For those who disclosed their Tax Id information (including me), this is enough reason to put him to court. How will he have protected this vital information? Is he gonna make more money with this information? It is very suspicious that most of us got booted out when most have made the $600 mark and have already gotten this very critical information.
And for the email me part to get back into the program.
No way Jose, I am not gonna be a puppet for somebody.
Once you give in, you will always be under the gun.
I have no problem giving 45 for last payment, after that will relook at the issue. At this point, I was already in the process of putting up a parking page for all my names, this just accelerates it, and means the next few weeks free time is gone.
My guess is though that if things happen this abruptly with no warning, that is the sign of a company in SERIOUS trouble.
Moreover, no court of law is going to accept anything said in this forum or this post as a binding contract or guarantee. Heck, anyone can go back and edit their own posts any time they want to and re-write history. And there's no guarantee on who is posting under which ID.
And I doubt anyone can have lower traffic on their Bodis domains than I do, but I didn't get booted as yet. Maybe I will, and maybe I won't - it's fairly easy to match my accounts everywhere up with my name (or find me out on the net) to make sure that I am who I say I am.
But regardless, you can spend a whole lot of time and money on this (if you can even find an attorney who will actually take it on) or you can go concentrate on making money, which, face it, is why we are all in this in the first place. Me, I'm going to concentrate on making money. Bottom line, I think that's what most will end up doing too.
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Actually, not to be an ass, but I got into this purely as a hobby. Mostly to replace compulsive gambling and by suggestion of my Girlfriend to find something healthier to spend my free time doing. And on top of that, I have enough free time and the money isn't an issue, so if a class action is the right thing to do then I am more than willing to spearhead it. Oh, and I already have an attorney who would be just peachy to help out with this. There are a lot of us who do this domain thing simply for the fun, but have very successful lives outside of the internet and also a strong moral backbone to do the right thing when it comes down to it. You seem like a great person netmeg, as I have read many of your posts on the forum, but if a lot of people who DO THIS AS THEIR MEANS OF INCOME got screwed out of financial gains that were rightfully theirs, then you gotta take a step back and look at it for what it was or is. A scam, as well as deliberate fraud. It might not have started like that, but it sure looks like it ended up as such. I suggest Bodis open their books to everyone if they really want to avoid the courtroom.
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This is just one of those things that you talk to ur son when u r 60 odd + and u have invested in premium domains now and will be a millionaire in future...
U telll them there was this guy "Matt" who ran "Bodis" and he booted me and so on and so forth....
Well, considering all i'm making is pocket change, I don't have an opinion either way.
I am slightly disappointed about the drop in revenue, but I'm sure matt isn't getting rich off the difference.
It doesn't really matter whether I stay or go (no email yet) but with my stats I just might, so I'm prepared. Have a parked account, and a namedrive one and even one with pp. So, worst case, have someone spend 12 hrs setting up url redirection, so we can filter our own traffic...
The reason we were forced to close many low-quality accounts and accounts that did not have enough traffic to determine low-quality, was due to the high fraud rate we have had over the past few weeks.
Our upstream ad providers have contacted us several times that we would not be able to continue our partnership if the fraud rate would continue at the rate that we had. Unfortunately, without a partnership with our main upstream ad provider, we’d have to close our doors completely for business.
We have used third-party fraud software to determine the quality score of all accounts. As mentioned previously, our upstream ad providers are pushing us to immediately disable all accounts other than accounts that receive very high-quality traffic.
All earned revenue payments will still be paid out by the company to the user.
As I have mentioned, I will try to re-instate as many accounts as possible of trusted members that have acceptable traffic. Other than that, there's not much we can do. It is either that or we must close our doors for business in the upcoming weeks.
When I rec'd account cancellation notice I emailed Matt asking for reason. Did not ask for account to be re-opened. Looks like a "one answer fits all" response to me.
Response from Matt:
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I think the lawsuit idea is stupid, but my loss in funds(domains off-line) was small copared to my lost of time (4-5 hours to redirect domains). If they had done this in a professional manner, I would not be too upset, but the loss of all the domain optimization I did adds another 10-12 hours of work lost.
cfguru360: If you guys saw fraud, you should have stopped the fraud, not kill off all our accounts. You see fraud, you take the domain off-line. If you weren't set up to do that, then you didn't think your business model through completely.
Where it was questionable, you could have taken our domains off-line as asked us to make some changes or pull the domains. Your company does NOT know how to work with "partners", which is what I considered myself.
And as far as "low volumn" goes, I'm sure my account was one of those. But why should that be a problem? Were our accounts "too costly" to maintain? Well you could have taken a percentage like you should have in the first place.
Ok, I've posted and bitched enough about Bodis. Can anyone PM me with information so I can set up my own damn parking pages?
I did make some good revenue with Bodis, about mid-hig $$$ per month and thats why i m surprised i was taken down, on the other hand i m gratefull that bodis gave me the chance to earn this amount of money.
I wish bodis to be competitive again and open doors to political correct domainers.
