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The truth about Stream Energy (company review)
Stream Energy is a natural gas and electricity network marketing firm in the US, particularly active in states that have deregulated energy markets.
Energy in the MLM space isn�t something we haven�t seen before (hint: Ambit, Viridian, or Powur) but Stream Energy actually has a pretty unique concept and interesting business model.
So have I been involved?
This video explains:
All good? Let�s continue�
Stream Energy started out back in 2005 and quickly became one of the largest direct selling companies across the globe. Their idea was to sell energy through word of mouth and in the process allow people to make money for simply spreading the word about the company and getting new customers to sign up.
Larry Mondry is currently the President and Chief Executive Officer. Mondry was chosen as the new president and CEO personally by the firm�s board of managers earlier this year. His role in the company is creating and executing the growth strategy of the company, as well as overseeing all operations.
The company was a licensed retail electrical provider, by the Public Utilities Commissions in the state of Texas and started up through initial enrollment of Texas customers. Since 2005 the company has grown and operates in several Energy Markets in:
Stream Energy, In 2014, joined the separately branded multi-level marketing division, Ignite, under the Stream brand.
All businesses take some heat at one time or another. The company has faced 2 class action lawsuits, one in Texas and one in Georgia, both on behalf of sales associates in 2009. The suits alleged that the company was actually a pyramid scheme. The lawsuit in Georgia was quickly dismissed and in 2014 the case in Texas was still ongoing. The associates claim that they were trained to not discuss rates with clients.
If that wasn�t bad enough, in 2011 and 2012 the Texas company was fined for over $90,000 for violating customer protection rules. Since 2014 there have been no other legal issues with the company but there were several complaints through the Better Business Bureau, all of which have been closed complaints.
The company doesn�t have too many actual products for sale, they offer services. They provide customers 4 different types of services.
Energy- The company provides three forms of energy, which is unlike any other energy provider. You can get electric, natural gas and clean energy to residential and commercial business customers. The clean energy that is provided to the customers is purchased by the company from wind, solar, hydro and other types of renewable resources to decrease the footprint of pollution and better our surrounding environment. With more people interested in green energy and very few companies offering such a service this is a great investment for the company.
Mobile- This service provides customers different plans for their cell phones. You will find simple plans, international plans, different data plans. You can bring in your current phone and see if it is compatible or purchase one of the two 4G LTE they have to offer. They have 2, 4, 6GB data plans and the Unlimited Talk & Text. Prices range from the lowest being $35 � $70 a month. They have 2 special deals they offer, Free unlimited calling to Canada and Mexico if you enroll in a 6GB or unlimited data plan and No activation fee when you sign up for Auto Pay upon enrollment.
Protective Services- You can purchase Identity Theft Protection which alerts you if there is any suspicious activity detected. Credit Monitoring allows customers to review past credit history, check current credit scores and to be alerted of any changes. Technical Support provides unlimited 24/7 phone and internet technical support, secure online data, backup software, security, access to the self-help library and antivirus / anti-spyware.
Home Services- This service is for those customers who have a smart phone and a smart home. It allows you to stay connected to your home and home office while you are away. These connections allow to you access the other devices in your home. You can change the temperature, make sure dinner is ready, turn on or off the lights and much more. There are three products available to purchase through Stream the Digital Voice Hub which is an internet phone adapter, Digital Voice Air the wireless and bluetooth adapter and the Digital Voice Bridge which is a remote phone jack.
When you sign up with the company as a customer you have the opportunity to become an associate. Upon becoming an associate you are given a website to manage and there is a monthly fee for the website that is added to your monthly bill. As an associate your job is to generate new customers into the business. For every new customer that signs up or switches over to Stream Energy you are payed a personal customer bonus. As new customers sign up and become associates you have the chance to personally sponsor each one. Every time a personally-sponsored associate enrolls a new customer you will receive what is called a Team Customer Bonus. There is an opportunity to work from home and earn monthly income without any limits to what you earn.
Your income does not always come in the form of money to you, so much as free energy. This means the income you earn is applied to your bill possibly eliminating your monthly costs completely. It is stated that there is no experience required but if you actually want to generate an income it is best you are highly experienced in sales, marketing and networking. The more customers generated the better. If you are really great at what you do there is opportunity to climb the ladder and become National, Presidential and even Executive director.
Stream Energy offers great services to customers and the option to purchase clean energy is even better. Becoming an associate is easy but it is generating the customers that is more difficult. With the business only being in 6 states it may prove to be difficult in obtaining new clients, especially with the competition from other associates.
If you are great at marketing and networking this may be the job for you. Many associates have stated that eliminating their bills by being an associate which is a wonderful thing, but you still need other outside income.
But if it�s the passive income stream you�re seeking, there are better options out there like this one. (And you can forget about home parties and peddling MLM products on your Facebook wall.)
Stream is a leading direct selling company and provider of connected life services. Founded in 2005, the Dallas-based company�s innovative use of direct selling revolutionized the energy industry, generating more than $8 billion in lifetime revenue in 12 years and transforming it into one of the largest direct selling companies in the global energy market.
Stream Connected Services (Energy Services, Wireless Services, Protective Services, and Home Services) work seamlessly together to fit customers� on-the-go lifestyles, keeping them connected, wherever they are. Energy Services are currently available in Texas, Georgia, Pennsylvania, Maryland, New Jersey, Washington, D.C., New York, Illinois, and Delaware. All of Stream�s other services are available nationwide.
To learn more about Stream, visit www.mystream.com and connect with Stream on Facebook, Twitter, YouTube, and Instagram
Stream Energy is a provider of energy, wireless, protective and home services. Stream has energy services in seven states, including Texas, Pennsylvania