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Jar saves the day, MyW to continue (WAS MyW is closing doors)

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Comments

  • @Petey_Long said:

    @silicomnet said:
    A lifetime service can only be offered if it represents less than 20% of the total number of customers.

    I'm actually kinda curious on this. Does anyone currently have a lifetime service (one that requires electricity and an IPv4) that lasted longer than 10 years? I think I've even had "lifetime licenses" that were ultimately the lifetime of the business they were attached to (company goes bye-bye - no more server to activate your key)

    We offer lifetime services, but unlike others, our limit for these plans is a maximum of 10% of the total. Of our 15 locations, lifetime plans are currently available in only five.

    Thanked by 1agxl
  • MikePTMikePT Veteran

    @jar said:

    @MichaelCee said:

    @default said:

    There are 777 active services listed in WHMCS. Of those, 741 are one-time (lifetime), 1 is marked as free. That leaves 35 services that could be, but have not been, billed. If you can extract from that 35 the number of people likely to be active in this thread, I still think blanket statements like "they're all lifetime users" have a pretty good hit rate.

    So it was all a Ponzi scheme. When asked, @MikePT always stated that monthly subscriptions covered the costs of business, therefore making lifetime as an extra buck. This is just sad.

    To play devils advocate.. there could have been hundreds of recurring for all we know with most of them cancelling before Jar took over. The key word is active. (Not likely based on events I know)

    I could be more accurate, actually. It's been so long since I routinely used WHMCS that I'm prone to misreading some things. For example, I was not counting reseller, I forget that WHMCS separates the two. That's a significant number. I also didn't actually select active, so the 777 included other statuses. So perhaps it's best if I put these all out before I delete them. Because it could be helpful information to anyone selling lifetime packages:

    Reseller plans:

    Of 632 active resellers, 592 are one-time billing

    Of 41 cancelled resellers, 17 were one-time billing

    Of 22 terminated resellers, 9 were one-time billing

    Regular shared:

    Of 626 active shared accounts, 609 are one-time billing

    Of 44 cancelled shared accounts, 28 were one-time billing

    Of 16 terminated shared accounts, 14 were one-time billing

    @MikePT tried something. I have no doubt he had no intention of this falling through. This isn't to speak poorly of him. But this should be a lesson to everyone: Lifetime can be a supportive part of an otherwise healthy operation if it remains a small portion of total sales. It cannot be used to build a brand with the hope of later selling recurring packages.

    Definitely learned my lesson, had great plans, but it didn't work out.


    As for the ones wondering that we get payments, we had 4 subscriptions active, which I've cancelled, and yesterday refunded a yearly plan that opened a dispute. I refunded it a few hours later.

    Thanked by 3jar agxl borkedascii
  • MikePTMikePT Veteran

    @sanvit said:

    @default said: So it was all a Ponzi scheme. When asked, @MikePT always stated that monthly subscriptions covered the costs of business, therefore making lifetime as an extra buck. This is just sad.

    TBH I do remember him specifically stating the income was coming from his local business, not from MyW.

    I was working for other company that funded MyW just fine, and even had ordered VPS servers and moved things around as I was planning to start selling VM's, though I lost the job, and my income was gone, that's why MyW closed. It was never a fly by night operation.

  • MikePTMikePT Veteran

    @jar said:

    @tridinebandim said:
    @jar what about the server costs if its not confidential

    It’s in the neighborhood of $1000/m but I’ll have to add that all up another time. But safe to say it’s far more than was coming in. For example in August inbound revenue before fees was 294 euros. It looks like the last time revenue exceeded bills was January 2024, likely correlated to an offer post. Pretty baller given the situation that it was kept up as long as it was after that.

    I’d almost wager that whatever @MikePT does next, so long as he doesn’t do this again, could be something great. There were a lot of lessons learned here. If they’re taken as that, and learned from, that has a lot of value. You’d usually rather work with someone who has made a mistake than someone who hasn’t, because we’re all going to fuck up. I don’t take any of this as sharing things that hurt Mike, failure here was admitted in the first post.

    I owe you a lot for all your help with MyW, and not just with MyW as you know.

    Thank you for everything.

    I'm definitely not going to sell any webhosting services, any longer, but only server management plans/contracts which I've been doing already for many years, as well as ADHOC and that's it.

    Thanked by 2borkedascii kkrajk
  • it seems database is fcked up no database users found. anyone have a workaround

  • @Petey_Long said:

    @silicomnet said:
    A lifetime service can only be offered if it represents less than 20% of the total number of customers.

    I'm actually kinda curious on this. Does anyone currently have a lifetime service (one that requires electricity and an IPv4) that lasted longer than 10 years? I think I've even had "lifetime licenses" that were ultimately the lifetime of the business they were attached to (company goes bye-bye - no more server to activate your key)

    The company behind Cloud at Cost operated FreePhoneLine in Canada. For something like $35, got a "lifetime" voip key that they only disabled in the last year. I think that was close to two decades.

  • @shajeeafzal said:
    This is the last time I do something so stupid like buying lifetime hosting....

    FML

    I don't know man... I feel like this LTD was a lucky one :

    • benefited from it for several years
    • got amazing price on NameCrane which is a Frantech company (from Francisco, people behind BuyVM)

    I guess some people were lucky. But I understand it's never easy to move and find competitive prices. I wish you the best of luck to get out to another hosting that will be stable in the long term.

  • @o_be_one said:

    @shajeeafzal said:
    This is the last time I do something so stupid like buying lifetime hosting....

    FML

    I don't know man... I feel like this LTD was a lucky one :

    • benefited from it for several years
    • got amazing price on NameCrane which is a Frantech company (from Francisco, people behind BuyVM)

    I guess some people were lucky. But I understand it's never easy to move and find competitive prices. I wish you the best of luck to get out to another hosting that will be stable in the long term.

    I don't believe it was the lifetime concept. The service was great, stable, working. Here and there was a SSL expired or some Softaculous license, but the service worked overall.

    In my opinion the problem was not lifetime, but how lifetime was applied. Lifetime plans should have been at maximum 20% of all plans, and money should have been invested into advertising or innovation.

    One should not regret buying lifetime, but instead should regret human greed and poor management in general. This is what bothers me nowadays: uncontrolled greed - from politics to corporations to small businesses.

    We are all at fault: customers for buying over the years (lifetime offers over lifetime offers - myself included) and provider for selling lifetimes even with dedicated IPv4 included.

    I must admit: I am a sucker for lifetimes, especially the ones loaded with emotional love (such as marriage or birth of a child) but I am a human after all, raised with concepts like "happily ever after".

    Thanked by 2MikePT o_be_one
  • FritzFritz Veteran

    Don't judge lifetime is bad while actually the management that is bad.

    I have keep solid vpn lifetime and pcloud lifetime and so far they are running good.

    Thanked by 2TimboJones MikePT
  • alfatarsosalfatarsos Member, Host Rep
    edited March 2025

    I will go forward and provide with a refugee offer at C-Servers for the users affected by this. Shared hosting only (reseller is off the table, for now).

    We have a plan called HostOne Starter and I am willing to provide 6 months free of that plan at the Germany (DE), Singapore (SG) and New Jersey (US-NJ) locations, which have:

    • DirectAdmin with LiteSpeed
    • E-Mail delivery via MailChannels
    • Ryzen 9 7900X CPUs
    • 6GB max space on NVMe Gen4, up to 3 domains / 6 subdomains / 12 e-mail accounts
    • Unlimited bandwidth, parked domains, databases, weekly backups
    • CloudLinux, Softaculous and Redis

    The plan renews at only 1,99 USD after the 6 months free (it's such a low price because it's not our main core/focus). This will be limited to 20 accounts per location (total of 60 spots), and especially directed at users that know their way through DirectAdmin.

    In order to proceed, if you're interested, kindly send me a DM here with a proof of account or transaction for the lifetime plan. The first 60 get a special one-off code to insert at the WebStore (web.c-servers.co.uk) which will allow for the 6 months completely free. Bear in mind I'm not here that much, so it may take a couple of days to get back to you, but when I do it, you'll get that code.

    These locations are resold from a trusted partner (@labze) and our main business is a different sector... I think C-Servers can help on this one. :)

    Thanked by 1mrTom
  • fiendfiend Member

    @jar said: I don’t approve of the business plan but it’s safe to say @MikePT no longer approves of the plan he executed either. I can’t see him following it again, it didn’t end well. He didn’t run away with a pile of cash. My exposure of the details relates to people’s interest in it and I’ve never been shy about sharing that kind of information. Kicking someone when they’re down isn’t something I often find pleasure in, though not quite never…

    but he did run away...

    @MikePT said: I was working for other company that funded MyW just fine, and even had ordered VPS servers and moved things around as I was planning to start selling VM's, though I lost the job, and my income was gone, that's why MyW closed. It was never a fly by night operation.

    that is kinda a definition of a fly by night business, when you are dependent on money always coming in to keep it afloat or the business fails immediately with no safety net, no recourse, no complaints or refunds...

    Thanked by 1fluffernutter
  • @fiend said:

    @jar said: I don’t approve of the business plan but it’s safe to say @MikePT no longer approves of the plan he executed either. I can’t see him following it again, it didn’t end well. He didn’t run away with a pile of cash. My exposure of the details relates to people’s interest in it and I’ve never been shy about sharing that kind of information. Kicking someone when they’re down isn’t something I often find pleasure in, though not quite never…

    but he did run away...

    Not with a pile of cash. And I wouldn't really say he "ran away" since he is still around and not denying in any way what happened.
    He may not be good at business, that's for sure. I wouldn't say anything if people called him naive or even stupid, but to be honest I would not hesitate to call someone who pays a few dollars for a lifetime service and then expects it to be their lifetime pretty stupid too.
    Fucked up big time yes, but running away, no, that's not what happened.

    Thanked by 2borkedascii MikePT
  • fiendfiend Member
    edited March 2025

    @rcy026 said: Not with a pile of cash. And I wouldn't really say he "ran away" since he is still around and not denying in any way what happened. He may not be good at business, that's for sure. I wouldn't say anything if people called him naive or even stupid, but to be honest I would not hesitate to call someone who pays a few dollars for a lifetime service and then expects it to be their lifetime pretty stupid too. Fucked up big time yes, but running away, no, that's not what happened.

    Well we have a difference in opinion, were you a client? did you get the months of bad service, of no support, before getting the "myw is shutting down immediately" message he posted, your sites, mail, etc might be there or might not, for me that's running away, washing his hands from the matter, nothing to be done, he is only still around because he is a long time user and @jar did what he did... being around doesn't change those facts, doesn't change what he did...

    Also that doesn't mean he can't learn from it, but just because jar is shutting down doesn't wash away that the service we paid for is gone, also are you suggesting that the person buying the service is anyway responsible\dumb\stupid if the service comes out as a bad\scam\worthless? instead of the one offering the service? please...

  • Petey_LongPetey_Long Barred
    edited March 2025

    @fiend said: are you suggesting that the person buying the service is anyway responsible\dumb\stupid if the service comes out as a bad\scam\worthless?

    I hope that's what he's suggesting because that's the truth. For the price, if you used it for 5-6 months, you got your money's worth. If anything, it'd make sense to use the money you save each month (by purchasing the lifetime) to purchase a backup solution so if/when it goes tits up, it's nothing more than an inconvenience. Just find another provider, rsync, done.

    However the first part of your statement - I'm with you 100% If jar didn't bail him out - he'd get the typical "deadpooled host treatment." Now that it's coming to a close, that might be a reality before too long.

    The fact he held a mod position right up until that announcement was pretty amazing too. You'd think that LET would say "you can be a mod or you can run a company - your choice" just to make sure that there wasn't any sort of conflicts of interest but given the shady hosts that have ran through this place unimpeded - it doesn't surprise me a bit.

    As a scammer, all you have to do is figure in your Bilohbucks ($200), server costs for a month or two, domain name, $70 bucks on a WHMCS license, done. Post up a $12/year offer (or better yet, lifetime!) and pow, you've just paid for your next vacation in full off of a bunch of suckers thinking they're getting a good deal and a "community" who enables it. They don't even follow their own rules when it comes to vetting providers so yeah, if you purchase anything here, caveat emptor.

  • @Petey_Long said: $70 bucks on a WHMCS license

    *optional

  • defaultdefault Veteran
    edited March 2025

    @Petey_Long said:

    @fiend said: are you suggesting that the person buying the service is anyway responsible\dumb\stupid if the service comes out as a bad\scam\worthless?

    I hope that's what he's suggesting because that's the truth. For the price, if you used it for 5-6 months, you got your money's worth. If anything, it'd make sense to use the money you save each month (by purchasing the lifetime) to purchase a backup solution so if/when it goes tits up, it's nothing more than an inconvenience. Just find another provider, rsync, done.

    However the first part of your statement - I'm with you 100% If jar didn't bail him out - he'd get the typical "deadpooled host treatment." Now that it's coming to a close, that might be a reality before too long.

    The fact he held a mod position right up until that announcement was pretty amazing too. You'd think that LET would say "you can be a mod or you can run a company - your choice" just to make sure that there wasn't any sort of conflicts of interest but given the shady hosts that have ran through this place unimpeded - it doesn't surprise me a bit.

    As a scammer, all you have to do is figure in your Bilohbucks ($200), server costs for a month or two, domain name, $70 bucks on a WHMCS license, done. Post up a $12/year offer (or better yet, lifetime!) and pow, you've just paid for your next vacation in full off of a bunch of suckers thinking they're getting a good deal and a "community" who enables it. They don't even follow their own rules when it comes to vetting providers so yeah, if you purchase anything here, caveat emptor.

    Unfortunately what you are saying is probably true. In such case we would need to focus on big corporations only, and treat small players as abusers.

  • @jar said: It cannot be used to build a brand with the hope of later selling recurring packages.

    Anyone familiar with Filen for "lifetime" storage? This came to mind after jar's comment.

  • @default said: Unfortunately what you are saying is probably true. In such case we would need to focus on big corporations only, and treat small players as abusers.

    you just need to avoid desperate people who make promotions to buy furniture. Common sense.

  • HarambeHarambe Member, Host Rep

    @Petey_Long said:

    @silicomnet said:
    A lifetime service can only be offered if it represents less than 20% of the total number of customers.

    I'm actually kinda curious on this. Does anyone currently have a lifetime service (one that requires electricity and an IPv4) that lasted longer than 10 years? I think I've even had "lifetime licenses" that were ultimately the lifetime of the business they were attached to (company goes bye-bye - no more server to activate your key)

    Don't think I have anything 10+, but I'm at like 8 years on my Windscribe VPN lifetime, still going strong. Also 4.5 yrs on Koofr storage lifetime, also still works great.

  • fiendfiend Member

    @Petey_Long well i think we maybe talking about slightly different things on the second part, sure users should make informed choices, we all agree on that, but if someone offers the world and then doesn't deliver (whatever the reason) the blame is surely not on the user... besides the fact that the one most likely to lose will always be the user, for its decision, right or wrong...

    i really dislike all the talk that the users are to blame for anything related to this... it feels a lot like trying to shift the blame to the people that supported a new project, that put their money up, that trusted, that they are somewhat to blame for its demise... nah

    and on a sidenote not saying mike was a scammer, just that he was in my opinion very unprofessional leading up and mismanaged the whole thing, that's it... i didn't force him to offer his services, made his prices, wtv... so blaming me for supporting him... nah

  • @tridinebandim said:
    it seems database is fcked up no database users found. anyone have a workaround

    i just created a new user and gave it access to the database, this was a wordpress site - so then changed details in the wp-config and all seemed well

    Thanked by 1tridinebandim
  • @fiend said:

    @rcy026 said: Not with a pile of cash. And I wouldn't really say he "ran away" since he is still around and not denying in any way what happened. He may not be good at business, that's for sure. I wouldn't say anything if people called him naive or even stupid, but to be honest I would not hesitate to call someone who pays a few dollars for a lifetime service and then expects it to be their lifetime pretty stupid too. Fucked up big time yes, but running away, no, that's not what happened.

    Well we have a difference in opinion, were you a client? did you get the months of bad service, of no support, before getting the "myw is shutting down immediately" message he posted

    Yes, on all questions.
    But I bought a lifetime service for €9 and a reseller for I think it was €50, so I was not really expecting much. I got service for several years for the price of what established hosts charge per month. I consider myself very lucky, because I'm old enough to know that "you get what you pay for" is always true. Always.

    Also that doesn't mean he can't learn from it, but just because jar is shutting down doesn't wash away that the service we paid for is gone, also are you suggesting that the person buying the service is anyway responsible\dumb\stupid if the service comes out as a bad\scam\worthless? instead of the one offering the service? please...

    Well, yes. I'm not saying that the person offering the service is innocent, absolutely not! But I am saying that if you expect a lifetime service for a few euros to last your lifetime and not the lifetime of the provider, then you are extremely naive, not to say stupid.
    Mike made a shitload of mistakes, and as stated, I have no problem calling him both naive and stupid. But, I also have no problem calling people that bought from him and expected it to last forever almost equally stupid. Yes, I bought his services, but I did so fully aware that it was not going to last.

    I understand that you want to blame Mike, but I really think he had no ill intentions and really did the best he could. Stupid yes, evil no.
    Whatever the reasons the company that you bought from no longer exists, so there is nobody that can deliver your lifetime service. That's what people have to understand, the term "lifetime" refers to the lifetime of the company, not the customer.

  • @sillycat said:

    @Petey_Long said: $70 bucks on a WHMCS license

    *optional

    You're absolutely right. That's about 6 yearlies worth of profit! Nobody verifies anything until things start going downhill anyways. First it starts with slow support, then outages, then people turn into hindsight Columbo.

    @fiend said: i really dislike all the talk that the users are to blame for anything related to this... it feels a lot like trying to shift the blame to the people that supported a new project, that put their money up, that trusted, that they are somewhat to blame for its demise... nah

    Servers require constant upkeep and funding. If something seems "too good to be true" it likely is. Big tech can pull stuff like this off because they have the funds, the staff and they own their infrastructure. If you're renting everything, every month and you're main source of income is one-time, unsustainable deals - that's on you, the consumer for not understanding how economics work.

    @fiend said: and on a sidenote not saying mike was a scammer, just that he was in my opinion very unprofessional leading up and mismanaged the whole thing, that's it... i didn't force him to offer his services, made his prices, wtv... so blaming me for supporting him... nah

    And I wasn't either - that was a side rant at the end. I understand where you're coming from and I do agree it was completely mismanaged but you can't be a stupid consumer either or you're going to get mushroom stamped the rest of your life.

    You've been here since 2011 and you didn't think to maybe post a thread asking "How many lifetime deals have actually stayed functional?" or "How is MyW able to offer the deals at too good to be true prices?" and here were the results:

    @sanvit said: Not 10, but my gumlet.io, wave.video, shortpixel.ai, socketlabs.com, happyscribe.com, etc. all purchased around 2020 is still active. Especially for gumlet, happyscribe, and shortpixel I believe I got my money's worth

    @komdragon said: Lifetime deals with IPv4 are pretty rare. Zap-Hosting is one option though.

    @yokowasis said: Lifetime googledrive, lifetime github pages.

    @silicomnet said: We offer lifetime services, but unlike others, our limit for these plans is a maximum of 10% of the total. Of our 15 locations, lifetime plans are currently available in only five.

    @TimboJones said: The company behind Cloud at Cost operated FreePhoneLine in Canada. For something like $35, got a "lifetime" voip key that they only disabled in the last year. I think that was close to two decades.

    That's seriously impressive.

    @Harambe said: Don't think I have anything 10+, but I'm at like 8 years on my Windscribe VPN lifetime, still going strong. Also 4.5 yrs on Koofr storage lifetime, also still works great.

    I asked a single question, got 6 responses (thus far), and you can see exactly (2) people who offer lifetime subs (for Shared hosting.) I'm not sure how long Silicomnet has been around, but they're seemingly doing it responsibly at a similar price point (but that's not their main gig). Zap-Hosting was the other, looks like they've been around for about 15 years, but their price point is $50 lifetime (and it's not their main gig either.)

    Then if you utilize LET's search feature, you can find things like this

    https://lowendtalk.com/discussion/182182/honest-review-for-myw-lifetime-plan (2022)
    https://lowendtalk.com/discussion/179567/myw-lifetime-offers-shared-reseller-hosting-de-la-and-sg (2022)
    https://lowendtalk.com/discussion/174101/myw-server-management-review (2021)

    Every single one of them has someone mentioning "support sucking", "you get what you pay for", "unsustainable."

    So again, you can keep saying you're a victim but if you actually took the time to research anything yourself, you could have seen the writing on the wall 3-4 years ago and we wouldn't even be having this conversation right now.

    Thanked by 1ethanblake87
  • Why are we fighting again? This thread should be locked. Change the title, MYW is closing down. Lock the thread done. There is no point in continuing this.

    Is the plan sustainable? No.
    Is Mike breaching the contract? No. The service is up until MYW lifetime is over.

    Who is the victim? No one really. Victim is someone who paid something but doesn't get what's written in the contract.

    If you don't understand the contract, that's on you. Take the lesson and move on.

  • SGrafSGraf Member, Patron Provider

    @fluffernutter said:

    @jar said:

    @lacicripstech said: Please it’s important to clarify that not all users are on the lifetime plan

    There are 777 active services listed in WHMCS. Of those, 741 are one-time (lifetime), 1 is marked as free. That leaves 35 services that could be, but have not been, billed. If you can extract from that 35 the number of people likely to be active in this thread, I still think blanket statements like "they're all lifetime users" have a pretty good hit rate.

    crazy seeing how deep the ponzi went, only 35 people actually paying reoccurring costs.

    Without going into any too many details. If you look at the beginning of the thread, i had been interested in possibly taking on the project. When i was told the numbers it was pretty clear that it was not going to sustain itself (or turned sustainable).

    That said, i do believe the number was a bit higher than the remaining paying client base.

    However i am quite certain that the uncertainty created around the future of MyW...., did not help with retaining payment clients.

    Thanked by 1fluffernutter
  • jarjar Patron Provider, Top Host, Veteran
    edited March 2025

    @SGraf said:
    Without going into any too many details. If you look at the beginning of the thread, i had been interested in possibly taking on the project. When i was told the numbers it was pretty clear that it was not going to sustain itself (or turned sustainable).

    That said, i do believe the number was a bit higher than the remaining paying client base.

    However i am quite certain that the uncertainty created around the future of MyW...., did not help with retaining payment clients.

    There wasn’t much change in the figures between the two points (then and now). But I did make a mistake in reporting the numbers, so the ones I reported last in this thread are the only ones I’d trust. I was a bit rusty with WHMCS, that was my bad.

    Thanked by 1iKeyZ
  • MikePTMikePT Veteran
    edited March 2025

    @Petey_Long said: The fact he held a mod position right up until that announcement was pretty amazing too. You'd think that LET would say "you can be a mod or you can run a company - your choice" just to make sure that there wasn't any sort of conflicts of interest but given the shady hosts that have ran through this place unimpeded - it doesn't surprise me a bit.

    Yes, to be clear, I informed the MOD team that I was closing MyW and that it'd make sense for my Mod tag to be removed as I understand many clients would get upset with the decision. It just wouldn't be right to keep it.

    MyW was funded not only with lifetimes but support contracts to my main company and my full time job (that I lost). It was pretty safe and the fact I had rented 2 /24s, VPS nodes and so on, is that I wanted to turn it to a healthy business. Lifetimes were the investment for the business, it was going well, until I lost my fulltime.

    Shit happens, learned my lesson.

  • fiendfiend Member

    @rcy026 Repeating what petey said in other words doesn't make it have more sense, if you want to call yourself stupid go right ahead, calling others, well i already explained it's silly and a disingenuous statement.

    The "you get what you pay for", "it was lifetime", "you should have known better", etc etc like i said those are all excuses to shift the blame... also if you read my thread my problem with mike was never he was shutting down and i was losing my accounts, it was the way the service deteriorated for months and the way he shut it down! That's it...

    I also never said he was evil or that he shouldn't get redemption, but now, today! Today he is to blame and did zero to get any sort of redemption from me, he learned his lesson? That's great and i wish him the best! But actions speak louder than words...

    @Petey_Long "too good to be true", "Servers require constant upkeep and funding", "that's on you", "you can't be a stupid consumer either", "You've been here since 2011 and you didn't think to maybe post a thread asking "How many lifetime deals have actually stayed functional?" or "How is MyW able to offer the deals at too good to be true prices?, "So again, you can keep saying you're a victim but if you actually took the time to research anything yourself"

    If you want to call me a victim and stupid, how about stop bashing the victim, keep telling me its my fault, all this talk like i'm to blame, in your little fantasy world a person gets mugged, welllll he shouldn't be in that street at night, she shouldn't be wearing those clothes, he shouldn't have looked, there were plenty of signals, he shouldn't have trusted, she should have brought friends...

    Thanked by 2default komdragon
  • SGrafSGraf Member, Patron Provider

    @jar said:

    @SGraf said:
    Without going into any too many details. If you look at the beginning of the thread, i had been interested in possibly taking on the project. When i was told the numbers it was pretty clear that it was not going to sustain itself (or turned sustainable).

    That said, i do believe the number was a bit higher than the remaining paying client base.

    However i am quite certain that the uncertainty created around the future of MyW...., did not help with retaining payment clients.

    There wasn’t much change in the figures between the two points (then and now). But I did make a mistake in reporting the numbers, so the ones I reported last in this thread are the only ones I’d trust. I was a bit rusty with WHMCS, that was my bad.

    I do remember this a bit different. And checking my notes from back then, I maintain that the number was a bit different than shown. But not by a lot. I'll dm you a screenshot.

    @MikePT said: MyW was funded not only with lifetimes but support contracts to my main company and my full time job (that I lost). It was pretty safe and the fact I had rented 2 /24s, VPS nodes and so on, is that I wanted to turn it to a healthy business. Lifetimes were the investment for the business, it was going well, until I lost my fulltime...

    Let me preface this by saying: This is not meant to be a comment that's negative by any means.

    The reality is that you where trying to start a busines - That's amazing.
    From your point of view you continually put money from from your main job into as an investment in a better business in the future.

    From others point of view it was you propping up the MyW operation, when from the numbers alone it would have been "insolvent" as the recurring income was a lot lower than the monthly expense. Therefore not able to sustain itself.

    Yet you kept growing/expanding. The lifetimes just brought in capital on a short term basis, hurting your long-term revenue.

    I think some members here may also will not agree on the point of "the lifetimes where an investment". From their point of view they bought a product - valid for a "lifetime". (The question is what the definition of lifetime in this case is. Company lifetime? Product Liftime? Server Hardware Liftetime? Their own Lifetime? How about a minimum number of years for it to be considered a lifetime?). Not as stake in your company - If if was an investment for them - did they get any control or say in the operation in return? I am also not sure how that could have worked in a legal sense.

    I see it as a "too much, too fast" kind of thing. As well as lacking a plan behind the business.

    Thats also why i did not pick it up last year. Because unless you are purely writing this off as a marketing expense, there was no way for it to sustain itself in the near future.

    Its great that jar did it as a community favor. And i think he deserves a lot of credit for that. (Personally I didn't "go" for it because i got burnt a bit by the community favor i tried to do with the MrVM thing in the past).

    Thanked by 1fluffernutter
  • @fiend said:
    If you want to call me a victim and stupid, how about stop bashing the victim, keep telling me its my fault, all this talk like i'm to blame, in your little fantasy world a person gets mugged, welllll he shouldn't be in that street at night, she shouldn't be wearing those clothes, he shouldn't have looked, there were plenty of signals, he shouldn't have trusted, she should have brought friends...

    That's not at all what anyone is saying.
    What people are trying to tell you is that your expectations were unrealistically high. Learn the lesson and move on. Yes, Mike is the one to blame, nobody has denied that, but there is a lesson to learn for you too here, even if you are not to blame.

    If someone walks around in a very bad neighborhood at night and gets mugged, everybody will say that they did something stupid. It was not their fault, but what they did was stupid. Therefor, most people do not walk around in bad neighborhoods at night, and if they do, they know that they risk getting robbed.
    Do you understand this? Being stupid or being the one to blame are different things. It was not your fault, but it was still stupid to expect to get a lifetime, your lifetime, of service for a few euros. Your expectations were totally unrealistic.
    You had a lifetime deal with a company that no longer exists. The "lifetime" part of the deal is complete, you had the service for the lifetime of the company.

    Businesses fail, people loose money, welcome to reality. Learn the lesson and move on.

    Thanked by 1TimRoo
This discussion has been closed.