What is Stream Energy? Does it Work?
If you're looking for more information on what is Stream Energy about, continue reading this review.
Chances are someone approached you trying to recruit you to an energy-selling company called Stream Energy. Does it work? and can you make decent money as a promoter?
When you're done reading this review you'll know all about Stream Energy, their products and services, and if the opportunity is worth it.
Continue reading this Stream Energy review to learn the truth.
Stream Energy Review:
Product Name: Stream Energy
Product Type: MLM in Electricity Niche
Price: $199 Enrollment Fee.
Summary: Long-standing multi-level marketing company in the energy/gas industry. Cheap plans, at first, but the price jumps without notice. Very few people make money with the opportunity.
What is Stream Energy?
Stream Energy is a company that offers services in a few categories: Wireless, Home, Security, and Energy.
Their core service revolves around the energy sector, with various electric and gas contracts you can purchase. These contracts are supposed to lower your overall energy bills while also providing you with some extra benefits.
The company has been around since 2005, and they do operate a multi-level marketing system to attract new promoters. Currently, they only have 245 official employees.
Let's take a quick look at Stream Energy's services:
Stream Energy Services:
In the Energy Service category, there are over 10 energy-plans you can choose from.
Here are the first three:
- Simple & Secure (10.9 cents/Kwh)
- Green and Clean (11.9 cents/Kwh)
- Stream Free Nights (12.8 cents/Kwh)
You can also choose to add a service called Eco + which offsets 1,000 KWh per month to reduce your carbon footprint. It costs $4.95 a month.
It seems like you pay based on the amount you use, not a set fee every month. When you proceed to check out, there's only a $2.48 connection fee.
Stream Energy also offers unlimited mobile data plans. You can also apply for international texting packages, which allow you to text from any country in the world, for a monthly fee.
In addition, they also offer some home services such as a smart-thermostat, and a virtual medical app for on-demand advice.
Overall, their services are based on energy (electricity and gas) and technology services.
To me, it looks like the same services you can get anywhere else.
Making Money with Stream Energy:
Though Stream Energy is in a different niche as most of the usual health-supplement multi-level marketing companies, they do follow a pretty similar system.
Even the bonuses are remarkably similar.
This is What Stream Energy is about:
As a contractor, the idea is to sell these energy-based plans, while also recruiting new people under you so you can earn team-bonuses.
I don't know about you, but I feel like energy-plans aren't the hottest products out there. Most people are not interested in these products.
There are several positions:
- National Director
- Executive Director
- Senior Director
- Managing Director
- Regional Director
- Qualified Director
(We will talk more about these positions, and how much money people make - on average - at each position, later in this review)
To move up the ranks you need to reach a certain sales requirement each month, as well as pay the enrollment fee of $199.
Stream Energy Offers Four Ways to Earn:
- Immediate Income
- Leadership Bonuses
- Monthly Income
Nothing too special here. Lets take a closer look at the compensation plan, and then see if people are actually making money with this system.
Stream Energy uses a point-system for tracking sales, and each service is worth a certain point-value.
For example, Electricity is worth 1 Customer Value Point, Georgia Gas is also worth 1 point, but Northeast Gas is worth half a point. The values are either half a point or one full point.
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Earning Money with Stream Energy:
The quickest way to make money with Stream Energy is via personal customer bonuses. To make the most of this bonus, associates need to make direct sales while also building a team.
There's another type of income, called Immediate Income, which consists of various cash bonuses. To earn the bonuses you must meet certain qualifications.
Take a look at the chart below for more details. The qualifications must be met within a 120 day period.
Personal Customer Bonuses:
As you can see in the screenshot above, if you earn 3 customer points within 120 days you'll receive a $100 bonus. The bonuses continue to increase too, depending on how many points you can stack.
We're not done:
It might seem like a great opportunity, but there are some important things you need to know about, and I'll share them with you after this section.
Generally, the paths to making money with Stream Energy are the same as most multi-level marketing companies. The focus should be on sales, which in this case are energy-plans, and building a sales team under you.
Stream Energy Pros:
Stream Energy does have some positive points.
1. Long-standing History:
It is impressive the company has been around since 2005, and it seems to be going strong still. They have to be doing something right if they can stick around for such a long time. Most multi-level marketing companies don't last.
2. Few Lawsuits:
Most multi-level marketing companies are plagued with lawsuits and dissatisfied customers. Granted, Stream Energy does have its share of complaints, but it hasn't been involved in many lawsuits.
But there has been one major lawsuit recently, regarding Stream Energy overcharging members. You can read about the Steam Energy Lawsuit right here.
3. Focus on Green Energy:
More companies should be making a push to launch environmentally friendly products.
Stream Energy offers a eco-friendly electricity plan, called Stream Green, which sells electricity generated from green-energy sources (windmills, solar panels, etc) to reduce your carbon footprint.
4. A + on BBB:
Stream Energy has a A+ rating on BBB (Better Business Bureau) and a three-and-a-half star rating as well. Interestingly, the company also has 238 complaints on that site.
What We Didn't Like:
If you have been reading this far, than you probably think Stream Energy is one of the better multi-level marketing companies out there. Maybe you're even thinking about signing up to one of their services and promoting it to your friends.
Before you do that, there are some important things you need to know. Our research uncovered some shocking truths about Stream Energy.
Truths that have been quietly swept under the rug by their marketing department.
1. Horrible Income Potential:
Taking a look at the company's income disclosure, we can see some strange income figures. Unfortunately, the sales data does not favor Stream Energy's opportunity advertisements in the least.
Here are some fun facts, taken from their 2017 income disclosure:
- 58% of all members are at Director Position.
- The average annual income for Directors is $0.04$.
No, that wasn't a typo. The average annual income is only a few cents.
That's not even money!
Thanks to the Internet, I'm constantly getting at least 20 new leads per day without doing any cold calling, hard selling or recruiting.
I've already achieved financial independence after working 1 year in affiliate marketing by earning a 4-Figure Passive Income Online.
The position above Director, Qualified Director, which 25% of the members are in, has an annual income of $47.93.
Not much better.
This is yearly income we're talking about here, not monthly.
2. Poor Return on Your Investment:
Considering everyone has to pay $199 to join the plan, and very few earn that amount, it doesn't seem worth investing into this opportunity at all.
The cold truth:
You probably won't be able to make any money with Stream Energy.
As you can see, the chances of making any decent income with this company are slim to none. It is not worth the $199 registration fee that's for sure.
But it gets worse:
3. Major Complaints:
One of the major complaints about Stream Energy, and one that triggered a lawsuit, is that the company is over-charging for electricity.
In most cases, Stream Energy offers a set rate for a certain time period. But when the contract expires, they switch people to a viable plan, meaning they have to pay for the electricity consumed. Most of the time, this amount is much more than the set rate amount, sometimes twice as much.
Another complaint is regarding the customer support.
Turns out, the customer support service is practically non-existent. They take a long time to respond to complaints, and even when they do, the answers don't solve the problem.
All in all, it looks like Stream Energy is not a reliable company.
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Is Stream Energy a Scam?
Stream Energy is not a scam because they do have products. But their multi-level marketing system looks like a pyramid scheme, and you have to pay quite a lot to join it.
Nevertheless, it wouldn't be fair to call Stream Energy a pyramid scheme.
If you need a hand on deciphering scams, check out our How to Spot a Scam post and make sure whatever program you're looking into is legit.
Conclusion on Stream Energy:
We're reaching the end of our Stream Energy review. Hopefully now you know exactly what is Stream Energy about.
To be clear, Stream Energy does some things right, such as the green-energy plan, but they also need to improve in a lot of areas.
For instance, their customer support service needs a lot of work. And they should be more clear with their contract plans, instead of switching customer's plans without letting them know.
Their compensation system, on the other hand, leaves a lot to be desired. Though it looks good on the surface, when you read through the income disclosure, barely anyone is making money with the system.
On the contrary, most people are losing money.
A Much Better Alternative to MLM:
Most people join multi-level marketing companies because they believe the system will allow them to make money online, from home, without the need to clock-in every day.
The problem is multi-level marketing opportunities rarely work.
These companies are good at marketing and making it look like you can make tons of money with their compensation system.Just sign up five people under you, and get them to do the same, and you'll be rich.
Usually, these people end up losing money, and earn nothing in return.
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Thanks for taking the time to read this what is Stream Energy review. Leave a comment if you have any questions or concerns. If this review helped you in some way, please don't hesitate to share it on social media. Until next time.