Stream Energy MLM

The business of working from home can be quite profitable. There are a great number of companies that provide adaptable avenues to earn additional income. It’s possible that selling services will bring in more money than selling products. Services typically bring in higher commissions, regardless of whether you choose to sell them on a part-time or full-time basis. However, this also means that there is a greater amount of pressure. In the case of Stream Energy, it is possible that you will not receive the services for which you signed up. You will find out why you should steer clear of this multi-level marketing company by reading this Stream Energy MLM review. Here is a clue: it can all be found in the calculations!

What exactly is this “Stream Energy”?

Rob Snyder and Pierre Koshakji established Stream Energy in 2005 with the intention of providing residential and commercial customers in the state of Texas with access to cost-effective energy rates. Over time, the business expanded into a number of additional states and jurisdictions, including New York, New Jersey, Pennsylvania, Maryland, Illinois, and the District of Columbia.

Stream Energy is a multi-level marketing (MLM) company that utilizes the Stream Ignite MLM platform to recruit independent contractors. It would appear that the company will have a consistent revenue of 700 million dollars between the years 2020 and 2021.

It is important to note that NRG Energy paid $300 million for Stream Energy in 2019 in order to acquire the company.

Do You Get Your Money’s Worth From Stream Energy Products?

Stream Energy is a retailer that offers bundles of electricity, natural gas, and alternative forms of energy. Customers have the option of selecting either a fixed or variable rate.

Fixed-Rate Plans: These plans are intended to shield consumers from the effects of swings in the price of the underlying market asset. The per-kilowatt-hour rate that has been set in advance will remain unchanged throughout the duration of the contract. Customers can get a great deal on a fixed-rate plan, but there is a possibility that they will be charged termination fees.

Plans with Variable Rates: These rates change based on the current cost of energy on the market. This indicates that the prices charged to clients may go up or decrease at any given time. There is not a monthly contract required, nor is there an early termination fee. The cost per kilowatt-hour shifts from one month to the next.

The Possibility of Utilizing Stream Energy

When you become an associate at Stream Energy, one of your primary responsibilities will be to acquire new clients and to manage their existing accounts. Customers can choose between 12-, 24-, 30-, and 60-month terms when signing up for energy contracts.

You do not need any prior experience, as you will receive training, and the position does not need it.

What are the fees involved in becoming a member of Stream Energy?

In order to become an Associate, you will be required to pay a one-time fee of $329 to receive the “Power Pack” kit. This package comes with associate assistance and an online management tool called “Power Center,” as well as opportunities for live training and events.

Included in this monthly charge is a membership to a monthly magazine, a CD titled “Message of the Month,” access to both the Advanced Reporting System and the Prospecting Center, as well as a fee of $24.95 per month.

Is It Possible to Earn Money Using Stream Energy?

Typically, the operation of these applications goes like this. The sale of energy bundles to customers is the primary source of revenue for distributors. They will receive a commission for the initial sale, as well as a monthly residual commission based on the customer’s ongoing payments.

Ignite will pay you $0.50 for each customer that you bring on board through this program. Yes. You saw the correct price; it’s fifty cents. Therefore, you will receive a payment of $5 if you bring in ten new customers.

However, the recruitment is where the real money is made. When you build a team, you become eligible to receive a residual income from the customers that are acquired by your team. If members of your team go out and recruit new members for other teams, you will earn even more money.

But before we get into that, let’s take a look at the actual facts as presented by Stream Energy. Only directors are included in the 2015 Ignite Stream Income Disclosure Statement, as you will notice when you look at the document. The Qualified Director is the entry-level position in the director ranks. Only $49.52 was brought in annually on average by Qualified Directors, according to their annual compensation reports. That comes out to a little bit more than four dollars each month!

Let’s figure it out together. The initial signup fee is $299, in addition to the monthly fee of $24.95. It comes out to approximately $600 for the first year. After deducting the standard commission of $49.52, you will find that you are in the red by $550.50. Who do you think, then, is truly the one profiting from this situation?

Stream Energy’s Many Positive Aspects

There is no need for you to have previous experience in the field of sales because there is no requirement for that. There is no cost for any training.

There is No Inventory: Because you are selling services, it is not necessary for you to purchase and keep an inventory of things for the purpose of giving demonstrations.

You are free to work this job whenever it is convenient for you, even if you already have another job throughout the day.

Complaints Received from Customers Regarding Stream Energy The Better Business Bureau (BBB) reports that numerous customers have filed complaints against the company alleging that they were overcharged, received inadequate service, or had other issues.

Litigation: A number of lawsuits have been filed against Stream Energy, claiming the corporation of breaking federal racketeering statutes by selling services. These complaints have been filed.

Concerns about customers’ privacy lead to the request for personal information such as their Social Security number and driver’s license number. Even though the corporation is very proud of its privacy policy, it does not think twice before asking customers for information that could be considered private. It would appear that consumers are not permitted to pay a deposit on the services until they have provided the aforementioned information.

Is Stream Energy a Fraudulent Organization?

Since NRG Energy has taken ownership of Stream Energy as of recently, it is impossible to predict how this possibility will pan out. If what the company says is true, then it is unlikely that you will make any money by your participation in this activity. In point of fact, you won’t have any money left in your account by the time the commissions start rolling in.

A Few Parting Thoughts

Working for multi-level marketing companies has consistently been a losing game. You will invest a significant amount of time and resources pursuing a monetary objective that will continue to recede further and further into the horizon.

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