Day by day the electricity problem is worsening and no amount of electricity saving is of use. Would you like if some of it will return back to you? Ambit Energy is doing the same. Ambit Energy is an MLM company and it offers electricity and natural gas services in the US, Canada that have been deregulated. It was founded in 2006 by Jere Thompson and Chris Chambless. In this Ambit Energy MLM Review, we will find out if one can make money with Ambit Energy.
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What is Ambit Energy MLM?
Ambit Energy is an MLM company, founded in 2006, headquartered in Dallas Texas, Ambit Energy provides natural gas and electricity services. It has expanded its services into Canad & Japan. It has over a million customers and has generated over 1.2 billion in revenue.
Ambit Energy is a licensed supplier of the electricity and thereby provide electricity after the energy deregulation.
Are Ambit Energy Plans Worth Their Price?
The price of the Energy plan varies according to the various plan. Currently, Ambit Energy plans are available in California, Delaware, Connecticut, Washington, DC, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New York, New Jersey, Rhode Island, Ohio, Pennsylvania, many parts of Texas and Virginia.
If you happen to live in Canada or Japan, there’s a plan available too. The plans are usually two-year plans for electricity, gas and/or solar services. and generally, the customers are locked into those plans for the duration.
Ambit Energy plan starts with a discounted rate per kWh of energy usage. Though Ambit Energy says that there is no penalty for canceling the plan, many users have complained about a sudden spike in the electricity bill without reason or warning.
The Ambit Energy MLM Opportunity
Ambit Energy offers a great opportunity to start your own business with it. As an ambit representative, you sell different electricity plan to the potential customer. At the same time, you can also help them to become an Ambit representative.
As a consultant, you offer different plans according to their usage. Plans are fixed, variable or green in most cases. In the case of Connecticut, the plans are two fixed and one green plan as you can see by the sample above.
How Much Does It Cost to Join Ambit Energy?
To become an Ambit Energy consultant you need to pay $75 as signup and thereafter, you pay $24.95/mo to build your own web tools. You get full access to pieces of training, webinars, coaching and support.
Can You Make Money with Ambit Energy?
You have invested approximately $100 to become a consultant with Ambit Energy. To makAmbit Energy, you continue to receive the commission from them.
Secondly, since it’s an MLM opportunity, most of your success depends upon your marketing skills. If your team members are active, you can earn a good amount of money, but if they are not active your earning potential is limited.
Since it is very easy and cost-effective to join Oriflame, there is n number of consultants and you may find it really difficult to sell products. Many new members may drop out of the network if they do not make consistent sales.
According to Inc.Magazine, Ambit Energy was the fastest-growing company in 2010.
Since every one of us needs electricity, it’s become very easy to sell a different electricity bill.
You can also sell electricity plans to small and large commercial businesses, and increase your income.
there are many complaints against Ambit Energy on the BBB site, you will see many complaints reflecting the same issue. Ambit signs up new members on low rate fixed plan but once the duration is over, the bill get charged exorbitantly. In most of the cases, people get overcharged.
Class Action Law Suits:
Ambit Energy was sued in a class-action lawsuit for fraud, overcharging, and misrepresenting savings in their Guaranteed Savings Plan in the state of New York. The case was settled for $26.5 million. A similar suit was also filed in Pennsylvania.
Ambit Energy guarantees you that your electricity will be uninterrupted during the switching process. They really should be guaranteeing that they won’t automatically sign you up to a more expensive plan when your contract expires.
Is Ambit Energy a Scam?
Ambit Energy is an MLM company and established itself as a legit and quality brand over the years. It is definitely not a Scam.
Also, let’s not forget the lawsuits and many complaints on the BBB website.
Most of your success is dependent on your team members, who joined under you. Unless they are active and making sales, your earning potential is limited.
It is a proven fact that it’s very hard to earn with MLM, only a few at the top strata earns a substantial income.
Recommended Read: Why multilevel marketing won’t make you rich
Other MLM Reviews: Tupperware MLM Review
Ambit Energy is an MLM company and it runs like any other MLM module, though the good thing is that they are providing free electricity if you collect enough referrals for Ambit.
Still, you need to further investigate about MLM module and if you really want to join one.
If you want to make your own money by selling products, start your own business by checking out my #1 recommendation. You’ll get all the tools you need including a website, hosting, training, and 24/7 support.