Almost a year ago, I blogged about making money online with iYomu’s $1 million dollar challenge. Today, I received an email from iYomu founder David Wolf-Rooney who wrote:

As the founder of iYomu and now the official closer I thought I would send you a movie clip that sums up many of the conversations that have taken place in this online community filled with Americans, Canadians, New Zealanders and Australians + 100 other countries.

For almost one year iYomu seemed to make the world a smaller place where 100 000 people came together and found a common space where grown-ups could meet, greet, debate and share interests. Yet it is not only people who rule the world, but money does too. We tried, we thrived and then we died.

As the lights will officially go out in the iYomu community on the 28th of June 2008 I remind you all to take all the material from your vaults and other places such as the email system as this material will soon be deleted.

I send you my best wishes and the wishes from all of those involved in the project.

It happens all the time in any business, but somehow, it’s still a shame when another online company closes. It always makes you wonder: What happened? What did the company do or didn’t do that led to its closure? What can we learn from such situations?

This post is originally from Just Make Money Online. Please respect copyright.

iYomu Closes

Another day, another social networking site. But this time, with a twist.

If you join iYomu (tagged as ‘A Social Networking for Grownups’ – er, as opposed to…?), you get the chance to join the One Million Dollar Challenge. Basically, when you sign up, you become eligible to join the challenge (yes, it’s free to join). Then, you start collecting points when you complete a profile, take part in puzzles, refer a friend… By the end of 2007, the Top 10 members with the most points will be eligible to be chosen for the Grand Finals round. The ultimate million dollar winner will be chosen from one of the 3 Grand finalists.

Oh, and yeah, the winner will not get the $1M prize in one go. It will be paid over a period of 12 months. Not a bad thing, really, as it can avoid overspending in one full swing.

Anyway, it will be interesting to see if iYomu is going to make it in the fierce battle of the online social networking space. What with MySpace, Orkut, Facebook, LinkedIn, and Multiply, among many others, it IS going to be tough to break in. But, I guess, giving away one million dollars can definitely help attract some members.

To learn more about iYomu’s $1M Challenge, read the Challenge Rules.

Tip from Dipping Into the Blogpond.

Technorati Tags: contests, iyomu, $1M challenge

This post is originally from Just Make Money Online. Please respect copyright.

Win $1 Million Dollars with iYomu