What are different MLM Energy Companies? Which one is the best and which one should you promote? That is the purpose of this post.
Since the de-regulation of the energy industry, several new energy network marketing companies were created to participate in the marketplace and give consumers additional options.
In every case that I’ve found, MLM Energy Companies purchase the energy from companies that create the energy, and then they resell it to consumers. If this sounds crazy to you, don’t fret. Most utility companies do the exact same thing, probably even the provider that you currently use.
In prior years, most consumers only had one or two choices of who they could have as their energy and utility provider. Energy companies had a monopoly and could charge consumers whatever price they wanted to.
Since the de-regulation of the energy industry, consumers now have more options. In my opinion, this is a win-win situation for the consumer. Whenever there is competition in the marketplace, it’s the consumer who benefits.
What I’d like to do in the paragraphs below is cover the top 5 MLM Energy Companies. They are listed in no particular order.
Stream Energy is one of the leading MLM Energy Companies. It launched in 2005 and does business in nine different states to include Georgia, Washington DC, Maryland, New Jersey, New York, Pennsylvania, Illinois, Delaware, and Texas. They also offer wireless services and home security. Stream Energy is a member of the Direct Selling Association. Read my review of Ignite.
# 2 Ambit Energy
Ambit provides natural gas and electricity in several states throughout the United States. They are based in Dallas, Texas and have approximately 250,000 Independent Reps. In 2010 they were named the # 1 fasted growing privately owned company in America by Inc. Magazine. They have over 1 million satisfied customers. Ambit Energy is a member of the Direct Selling Association. Read my review of Ambit Energy.
# 3 ACN
ACN is the oldest, most established business on this list. ACN offers a wide variety of products to include cell phones, wireless internet, home security and energy. They offer commercial and residential energy with a company called XOOM. ACN is a member of the Direct Selling Association. Read my review of ACN.
# 4 Viridian
Viridian offers residential, commercial and solar energy. What makes them a neat company is that they specialize in “green” energy. Their goal is to reduce the carbon footprint. For every month you remain a customer, they provide one day of free energy to a family in need. One of my close friends is a leader in this company and he is very passionate about it. Viridian is a member of the Direct Selling Association. Read my review of Viridian.
# 5 5LINX
5LINX offers residential energy services to include natural gas and electricity. They also offer things such as cell phones, health care, security systems, wellness products, entertainment and more. They were founded in 2001. Read my review of 5linx.
DISCLAIMER: I am not affiliated with any of these companies, nor have I been in the past, but I have spent several hours researching each MLM energy company to learn about their products and services. Each name is a registered trademark.
Which MLM Energy Company Should You Join?
This is a tough question. One thing to consider is that not all of these companies offer energy services in every state. Search each company to see what options are available for you based upon where you live.
I would also look at the contracts. This includes the energy contract and the distributor agreement. Make sure you know what you are getting yourself into. You might want to start out as a customer first, for a few months, to make sure you are satisfied with the service you get and the cost.
Another thing to consider is this: “Do you want a company that just does energy, or a company that offers a variety of services?” There is no right or wrong answer. Just decide what is best for you.
I also suggest you look at each company’s rating, online reviews, and get input from current and former customers. Just like any other business decision, educate yourself and do your due diligence first.
Many people can benefit from the de-regulation of the utility industry. It allows consumers to compare energy prices, shop around and potentially save money.
Remember, competition is a good thing. With increased competition, prices come down and the consumer benefits.
MLM Energy Companies CAN be good for consumers. If nothing else, they keep the larger utility companies honest and competitive.
If the energy industry is de-regulated in your state, you should shop around to find out what your options are. Read your contract and compare it with what another provider offers. You will never know until you check. Educate yourself about fixed and variable rates and identify the pros and cons of each.
You might be pleasantly surprised to find out that you can save money by becoming a customer or distributor with one of the MLM energy companies, such as the ones listed above.
Whether you decide to pursue the business opportunity or not, you could still potentially save money on your utility bill, and by referring others, maybe even make enough money to get your energy for free each month. I think that’s a great deal.
If you decide to become a distributor with one of these MLM energy companies, you can earn an additional income, or even replace your full-time income.
The bottom line is that you need to be a SMART consumer. Do your due diligence and research before switching utility companies. Ask lots of questions and do your homework. Don’t get caught up in a bunch of hype, lies or excitement. Spend a little time and do your homework so you don’t made a bad decision.
Why People Get Hung Up on MLM Energy Companies
We are all creatures of habit. I’m sure you agree. Most of us have been writing a check to the same energy company for many years, just like our parents did. When you ask people to switch energy companies, some people freak out. Let’s face it, change scares people.
What these people need to realize is that even if they switch providers, they are getting energy from the same company. Nothing really changes other than the company that bills them. That’s it. It still gets delivered the same way, they don’t need to change any equipment or accessories, or do anything overly complicated.
They simply go through the application process, switch providers, and that’s it. It’s your job as a rep to explain this to them. and also explain the difference between a fixed and variable rate.
Let’s keep it real for a minute. There are many niches within the MLM industry. Examples include wellness, weight loss, beauty and services. Some of these niches are ultra-competitive, with hundreds of different network marketing companies competing for the same customers.
Of all the niches in the network marketing industry, energy is the most appealing to me. Here’s why:
- It’s a necessity, people will keep paying their electric bill, even in a bad economy
- Just about everyone has an electric or energy bill
- The U.S. is the second largest consumer of energy in the world
- It’s a unique product line, with litle competition
It’s not like a lotion or potion or magic juice. It’s something people actually want and need and keep buying, month after month.
Facts About the Energy Industry
Here are some really interesting facts about the energy industry that I thought you might enjoy.
- The U.S. only produces about 91% of the energy it consumes; the rest is imported
- Petroleum, natural gas, coal, renewable energy and nuclear electric power are the primary sources of energy
- The residential sector consumes 21% of all energy, commerical consumes 18%, industrial consumes 32%, and transportation consumes 28%
- In 2013 the average residential electric bill was just over $100 per month
- The energy industry is a multi-billion, almost trillion dollar industry
Former MLM Energy Companies
Unfortunately, there are several network marketing companies that entered the energy industry, but no longer use the MLM business model. The ones that I know about include:
- North American Power
- Consumer Choice Marketing
If you know the status of these companies, if they are still in business, please leave a comment at the end of this post to let us know.
What are your thoughts about my list of the top 5 MLM Energy Companies? If you are/were a customer or distributor with one of these companies I would love to hear from you. Please leave a comment below to tell us what you liked or disliked about the company or service. I look forward to hearing from you.