Comments on: Free $25 for Signing Up with Revolution Money Exchange

By: ace

ace — Thu, 18 Jun 2009 08:59:53 +0000

I never had a problem with RME yet. You can use RME with the Abundant Living System providing the inviter accepts RME. I love RME despite the 2500 monthly limit. It’s not a bad thing to actually have a limit in place, as I have heard horror stories from those who had been fxxked from using paypal and how some people had thousands of dollars stolen from paypal via false complaints from buyers on sites like ebay and such.

By: raamcovai

raamcovai — Mon, 01 Jun 2009 14:37:32 +0000

these site not supported india

By: David

David — Sat, 14 Feb 2009 01:51:01 +0000

@Rev, thanks for the update and I’m sad to hear they aren’t going to make it. Seems like you’ve got some good inside knowledge of the company. I hate hearing stories like this where businesses are mismanaged and fail.

By: Rev

Rev — Fri, 13 Feb 2009 02:36:36 +0000

Revolution Money is going under. They have run out of money. The Board of Directors and Executive Management are to blame. The Board tried to drive accounts with a huge marketing spend. This is typical of AOL where the business model was to drive accounts and not take care of the customer.
One problem was they didn’t take care of the customer or look for long-term value and the user interface required an overhaul or temporary band-aids. None of which were done. The online interface was actually an AOL-esque application and not a web-based interface.

Online issues were identified early yet there was no course correction. The senior management and directors did not have experience with an immature online business that needed to take care of the customer. Directors and VPs were hired who had little or no online experience. Several VPs was upset that they did not have a secretary to manage their schedule.

While the business model was solid, the executive management did not have the expertise to run an integrated online and direct marketing campaign. While their response will be – failure was caused by an economic downturn, this is far from the truth. For example, the executives gold-plated the IT operation, installed it and then saw funds were low and fired all the contractors who helped install this. Worse, the Executives purchased the new Mac Air Notebooks when their PC laptops were just fine. Proven web strategies were ignored in favor of driving accounts. Priorities were ever shifting and became a running joke amongst the staff.

This failure will be a great study for B-Schools. Also, the lessons of the Internet business in the late nineties and 2000 were ignored. For example, how to burn through 80 million dollars.

By: Jeff Paul Scam

Jeff Paul Scam — Sat, 24 Jan 2009 06:08:12 +0000

It has been amazing to grow any business on the Internet, I need to market strategically to my customers, using a range for tools from content sharing to email marketing, search engine optimization, co-branding, ad buys, and more, to reach your target audience.

By: Rohit@sitegorge

Rohit@sitegorge — Wed, 21 May 2008 15:28:52 +0000

But I think this is open only fr residents of USA!

By: David

David — Thu, 17 Apr 2008 17:14:01 +0000

@Jaxter, yeah that is the main limitation which I mentioned in the article. I’m sure once they get ramped up they will expand into other countries and offer this promotion again.

By: Jaxter

Jaxter — Wed, 16 Apr 2008 23:53:11 +0000

note: that site not support outside united state

By: Blogger

Blogger — Sat, 12 Apr 2008 15:23:04 +0000

Thanks david. It will be great to get a competitive rival of paypal.