Ambit Energy is a retail energy company that offers electricity and natural gas for consumers in the United States. The retail energy industry is the largest industry to ever deregulate in American history.
Since the deregulation of the energy industry, consumers now have more options of where they can get their natural gas and electricity from. Although the services are still delivered the same way as before to each residence, consumers can now choose who they purchase the energy from.
This deregulation has made an immediate positive impact for consumers, because now companies must compete with other companies. This encourages competition, lower prices, and provides real value to consumers. When you have more than one choice, you can comparison shop and find the best deal. On the other hand, when there is a monopoly, you typically get the short end of the stick.
About the Company
Ambit opened for business in 2006. It was started by Jere Thompson, Jr. and Chris Chambless of Texas. The two entrepreneurs brainstormed the business idea in a local Potbelly Restaurant in Dallas. From day one, the company grew quickly. In 2008, revenues were $200 million. In 2009, revenues were over $325 million. Last year, revenues were even higher. According to the Inc. 500, Ambit is the # 1 fastest growing privately held company in America in 2010. Pretty impressive, huh!
The company doesn’t produce any energy itself. Instead, it buys energy at wholesale prices and then lets its independent sales force sell the energy through the direct sales/network marketing business model. The company processes orders, handles billing, resolves customers service issues, tracks commissions and pays its distributors.
On the other hand, the independent sales force educates consumers about the products and business opportunity. The company currently has more than 70,000 independent agents. The corporate headquarters is in Dallas, Texas. The company is a member of the Direct Selling Association.
As the company enters more states, it should continue to experience significant growth and become a multi-billion dollar company. With revenues of a few hundred million in a just a few markets, think about how big the company will be once it hits all fifty states? Ambit Energy currently offers its services in Texas, New York, Illinois, Pennsylvania and Maryland.
Ambit vs. Regular Energy Companies
Ambit is unlike most traditional energy companies. It actually provides great customer support and offers you incentives to become a customer. For instance, the company offers a free gift when new customers agree to sign up for Ambit’s Energy Services. At the present time, the company provides a free 3 day/2 night stay at a hotel. I find that pretty impressive. You can also earn free travel rewards. Once you refer enough customers to the company, you can even earn a free energy bill every month. My current utility company doesn’t let me do that.
Tips on Joining
You can join Ambit Energy as a customer or as a distributor. As a customer, you simply switch your electric and/or natural gas provider to Ambit. This will help you save money on your electric bill. As a customer, you can refer others to Ambit Energy and receive discounted bills and additional rewards, too. It doesn’t cost anything to become a customer. On average, customers save between one and seven percent, compared to their regular utility company.
As a distributor, you are a customer of the product and you help other people join the business opportunity. You share the business opportunity with friends, family members and acquaintances through one-on-one presentations, in-home meetings, and conference calls. When people sign up as distributors, you help them find customers and new distributors. It really is that simple.
As you progress through the achievement levels, you can also earn leadership bonuses, rewards, cash incentives, trips and more. From what I found online, the company does a great job rewarding its top distributors. Your key to success is to find a good sponsor and then get busy sharing the products and business opportunity with everyone you meet.
Please know that this is not a get rich quick scheme. It is a legitimate business opportunity that requires lots of hard work and consistent efforts. After all, network marketing is simply a numbers game. The more people you share the products and business opportunity with, the better you will do.
In conclusion, I believe that Ambit Energy is a reliable, reputable company with an exceptional service. Before you pursue the business opportunity, I think you should try out their services as a customer first to see how much money you can save on your energy bills. If you like the service and think it is a good value for customers, than sign up as a distributor so you can share it with others.
Please know that I am in no way affiliated with Ambit Energy. The purpose of this review was to educate you about the company. Ambit Energy is a registered trademark. All information in this review was collected from independent research.
On a side note, if you are currently involved with the company as a customer or distributor, I would love to hear your story. Please share your testimonial or success story with others, so we can spread the word about Ambit Energy. Just leave a comment below to share your thoughts.