For almost one month, two of the most known money making forums, Money Maker Group and TalkGold are no longer active.
I’ve checked both their Twitter accounts and Facebook pages and there’s no news about it.
UPDATE from admins:
We decided to take the sites down as we no longer wanted to be a part of them as it’s not worth the possibility of getting sued and having to defend ourselves yet again. Additionally, the websites were costing money to run.
In this article, I’ll try to explain several reasons why MoneyMakerGroup and TalkGold forum are down and why owners took the decision to pull the plug.
Both these forums are in operation since 2004 which make them almost 14 years old. I’ve been a member of these two communities for some years but decided to create my own community – https://www.topgoldforum.com – TopGoldForum.
Who owns MMG and TalkGold.com
According to domain information, both domains are owned by a company called E&B Advertising incorporated in the United States.
Edward Krassenstein claims himself on Twitter as an Entrepreneur, Editor, Investor, Consultant. Politically Independent, Fitness, Anti-Trump., Bitcoin, Philly Phan
#impeachTrump #TheResistance.His last tweet was several hours ago.
Brian Krassenstein is also on Twitter but not so active, his last tweet dated more than 4 years ago on 26 Jul 2013.
Also on their Linkedin profiles, they claim to own and grow several other online communities which are running as usual: 3DPrint.com, VRTalk.com, IR.net
The whois record of the MoneyMakerGroup.com domain name.
The whois record of the TalkGold.com domain name.
Several former MMG forum users speculated that the closure of the websites was connected with the one year ago incident when Krassenstein brothers house was raided by the police.
Edward Krassenstein claimed that the closure is not related to the police raid and there is no case against them:
There is NO case against us. There was never any criminal charges or case brought by the DOJ against us, and there never will be. There was never a court hearing, nor will there be.There is no crime in selling ads to a third party. The First Amendment clearly protects Facebook as well as us.
In an interview for Money-Monitor.com, Brian Krassenstein claimed that he sold Talk Gold but still remained part of the management.
1. Social Media is getting most of the attention
Discussion forums are rapidly and surely losing members in favor of social media sites like Facebook and Linkedin.
Facebook groups are quite popular now which is unfortunate, in my opinion, as most Fb groups are filled with affiliate links spam but for some reasons, most of the users prefer to spend time on them.
2. Decline in traffic
Both MoneyMakerGroup and TalkGold forums have seen a big decline in traffic over the years, according to alexa.com. The images below speak for themselves:
In October 2016, both forums have a similar global rank of 40,000 but in less than a year they lost around 100,000 positions which clearly shows that the traffic collapsed.
3. Decline in Google visibility
The traffic from Google is very important for a website in order to get new members and have solid ad revenue. Again on both sites we see a heavy decline in organic traffic which is similar to the Alexa chart.
There may be multiple reasons for this but in my opinion, this happened because of Google algorithm changes that penalized websites with questionable backlink profiles and poor content.
4. Decline in revenue
With such a heavy decline of traffic is obvious that the ad revenue of both sites sunk. Both MMG Forum and TalkGold relied on advertising sales for their most of the revenue.
Adblockers became very popular in latest years which makes for sites sell advertising quite difficult to make a buck and that’s the case for these two forums as well.
Also keeping up and running such communities requires expensive hardware (dedicated servers, firewalls) which can easily take up to $2000 from admin’s pocket.
5. Errors due to old software
MoneyMakerGroup was powered by Invision Forum v2, which was released around 12 years ago. As I’ve visited the forums from time to time I have seen that they haven’t upgraded the community software which was quite buggy and slow.
I suppose they had to deal with a lot of bugs and errors which are both time and money consuming.
Unfortunately, the administration team didn’t invest in upgrading the platforms and keeping them up to date, preferring to “milk” the communities of advertising sales.
Will they come back?
Most probably not. As you could see by the reasons explained above there are small chances to see those two forums back.
There is too much work and small chances to become profitable again. They are now part of the online money making history and should remain like this.
Was that the best decision?
Unfortunately, the members of these two forums remained without any way to back up their data, personal messages, and contacts, etc which is unfortunate.
The administration team should give an announcement several months in advance so users could download/save their information.
Do you know TopGoldForum.com?
I’m a forum advocate and I’m running a money making discussion forums called Top Gold Forum. We are not as popular as those forums used to be but we have a strong etiquette and a solid members database.
I’d love to personally welcome members from these two communities – MoneyMakerGroup and TalkGold to the community I administrate for over 11 years and make TopGold Forum their own new home.
P.S. If is done right, online communities can still be profitable for admins. Find out how to make money with forums.
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