tcgwebs
May 31st, 2004, 06:06 PM
Greetings,
I used to be a matrix site owner of two matrix sites, which I opened a year ago. PLEASE, before you even dream of starting your own matrix site, or if you're thinking about spending into one, read this:
In May of last year, I opened Fast Cash Matrix. EzExpo exposed me to the world of matrix sites from a link that I found on eBay. I offered cash rewards for cycling, and a few small lists. The day that I opened my site, tons of people signed up. I was quite happy that I was able to get that many customers in such a short period of time, since all that I really did to promote was put a listing up on a single major rating site.
However, I soon learned the harsh reality of the matrix world. A short week after the site was opened, the lists were at a standstill. Partly because of a lack of advertising, but mostly it was the competition. Every few hours, literally, a new site was submitted to a major rating site. It was ridiculous, to say the least.
Everyone wanted in FIRST, before anyone else, which is understandable (it is a ponzi scheme, after all). A few weeks in, I announced that I wouldn't be able to update the lists quite as often, as I would be out of town during a couple of weeks in July. This caused a major uproar, and this was my second mistake. Everyone wanted a refund, as they had wrongly assumed that I was going to run off with their money, which I had absolutely no intention of doing.
This is when I realized the what is known as the "exponential growth factor". There was no way I was going to be able to cycle the people on the lists that joined last. I should have realized this BEFORE I opened my matrix site, but hell, it was too late now.
At the time, I certainly couldn't afford to give everyone a refund. I needed the money to pay for college. What I did do, however, was my third mistake. I refunded the lists that were short and the ones that wouldn't cost me much money to refund (and the ones that were complaining about me going out of town). Then, I moved the remaining lists (the high-dollar value ones) to a new matrix site, called gMatrix.biz.
It is greed, pure and simple, that drove me to open the first matrix site, and later, the second. I wanted to do the right thing and refund, but it wasn't until now (May 2004) that I had the money to do so.
Basically, I just had this single matrix site that was at a standstill for nearly a year. It was a high-dollar value cash matrix exclusively, so I didn't have many members. However, over time, the members started to ask for refunds. I didn't want legal problems, so I gradually refunded people, one by one. Eventually, I was able to refund everyone, fortunately.
All in all, matrix sites are flawed. Participate at your own risk. If you are reading this and you're a matrix site owner, please do the right thing and refund everyone. Don't let exponential growth catch up with you like it could have for me. Close down your site before it gets any worse.
-Tcgwebs
I used to be a matrix site owner of two matrix sites, which I opened a year ago. PLEASE, before you even dream of starting your own matrix site, or if you're thinking about spending into one, read this:
In May of last year, I opened Fast Cash Matrix. EzExpo exposed me to the world of matrix sites from a link that I found on eBay. I offered cash rewards for cycling, and a few small lists. The day that I opened my site, tons of people signed up. I was quite happy that I was able to get that many customers in such a short period of time, since all that I really did to promote was put a listing up on a single major rating site.
However, I soon learned the harsh reality of the matrix world. A short week after the site was opened, the lists were at a standstill. Partly because of a lack of advertising, but mostly it was the competition. Every few hours, literally, a new site was submitted to a major rating site. It was ridiculous, to say the least.
Everyone wanted in FIRST, before anyone else, which is understandable (it is a ponzi scheme, after all). A few weeks in, I announced that I wouldn't be able to update the lists quite as often, as I would be out of town during a couple of weeks in July. This caused a major uproar, and this was my second mistake. Everyone wanted a refund, as they had wrongly assumed that I was going to run off with their money, which I had absolutely no intention of doing.
This is when I realized the what is known as the "exponential growth factor". There was no way I was going to be able to cycle the people on the lists that joined last. I should have realized this BEFORE I opened my matrix site, but hell, it was too late now.
At the time, I certainly couldn't afford to give everyone a refund. I needed the money to pay for college. What I did do, however, was my third mistake. I refunded the lists that were short and the ones that wouldn't cost me much money to refund (and the ones that were complaining about me going out of town). Then, I moved the remaining lists (the high-dollar value ones) to a new matrix site, called gMatrix.biz.
It is greed, pure and simple, that drove me to open the first matrix site, and later, the second. I wanted to do the right thing and refund, but it wasn't until now (May 2004) that I had the money to do so.
Basically, I just had this single matrix site that was at a standstill for nearly a year. It was a high-dollar value cash matrix exclusively, so I didn't have many members. However, over time, the members started to ask for refunds. I didn't want legal problems, so I gradually refunded people, one by one. Eventually, I was able to refund everyone, fortunately.
All in all, matrix sites are flawed. Participate at your own risk. If you are reading this and you're a matrix site owner, please do the right thing and refund everyone. Don't let exponential growth catch up with you like it could have for me. Close down your site before it gets any worse.
-Tcgwebs