Ambit Energy Company review
Company: Ambit Energy
Service: Saving Energy
Cost: $429 one time and $24.95 monthly
What is Ambit Energy?
Ambit Energy is an mlm (multilevel marketing) company where you can save money on your monthly electricity bill. They also have a compensation plan where you can make money by getting referrals to join under you. I do not know your motive for doing research on this company because you might be interested in their services or you want to take part in their compensation plan.
Either way, this review is for you as I will break down everything that you need to know in order to make an informed decision on what you want to do afterwards. Firstly I am going to go into the services or products that they provide and then the compensation plan because it is these 2 components that will determine the success rate of this company. So let us first start with what they have to offer:
Ambit Energy Services
This company claims that if you can refer at least 15 people to them, then they will pay a fraction of your electricity bill or even fully. While I did more investigation on their website I came to the conclusion that they do not own any product. They are basically referring you to other companies such as Sunrun which is a solar panel provider.
For an mlm company to be legit it needs to provide value in the form of a service or a product. If they do not do this, then they will be labelled as a pyramid scheme which is not a good thing. So does Ambit Energy provide you with any services or products that they own? My answer is going to be no because they will simply refer you to other companies.
It is actually very strange to me that this company will pay your monthly electricity bill if you get people to sign up under you. It is like they are using your electricity bill to make then look like they are indeed giving you something. Why do they not rather pay you the money so that you can do with it whatever you want with? Though their “services” are very unique, it is hard for me to see where they really fit into the picture in adding value to our lives.
Make money with Ambit
The first question that people usually ask is how much does it cost to get started with mlm companies? For this particular companie, you need to put down an initial one time investment of $429 and then a $24.95 monthly fee for the business building system that you will get from them. There are 3 main ways to make money with this company and I will explain them below:
1. Direct sales bonuses
For each 5 customers that you refer to this company you will earn $100. You can keep on referring new customers until you earn $400 for your first 4 weeks. For this level you need to be a marketing consultant which is also the first level that you must reach.
2. Marketing consultant bonuses
This is the second way to earn money because you need to refer your own marketing consultant and help them in building their own team of consultants and customers. Each time when one of your consultants gets 5 customers, they will earn $100 and you will also earn $100.
There are also 6 levels that you can reach in order to make more money from your consultants. Each level has its own benefits and requirements.
Below is a list of the levels that you can reach.
- Marketing Consultant
- Regional Consultant
- Senior Consultant
- Executive Consultant
- National Consultant
3. Residual Income
The residual income will come from the energy bills that the people pay on a monthly basis. This is where most of the focus will be because who does not want to earn residual income? Below is a video about how their compensation plan works.
It can be a daunting task to earn a residual income and we need to ask ourselves whether Ambit Energy is the way to go.
Should you join Ambit Energy?
This is where everything will come together and where you must decide on whether you want to continue with them or not. The compensation plan does not look too bad and the service is very unique. It is also in a very large market because we are not in the stone age anymore.
The only thing that I did not like was that Ambit Energy does not have their own products or services and they provide little value. This can very easily label them as a pyramid scheme because they are affiliated with other companies in order to provide something for its customers.
You should rather ask yourself if mlm is the type of business model for you because Ambit Global is an mlm company. If you have significant experience in mlm and you know how to bother your family or the people in the shopping malls with this “revolutionary” opportunity then be my guest.
I will base my recommendation on what I know and according to my experience level. I tried 2 different mlm companies before and did not make my money back. I was then introduced to affiliate marketing which opened a whole new world to me.
You do not need to get referrals in order to make money and you do not need to bother anyone on the street ever again. All that you need to do is to create a website and then to write about stuff that people are already searching online.
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Once they land on your website and buy any of the products that you recommend from companies such as Amazon or Linkshare, then you will earn a commission from it. It is that easy because there are thousands of niches to dig into and millions of products to sell which will give you a very flexible approach to making money online.
You can also earn a passive income from the websites that you build and there is also no limit to the amount and size of them.