Stream Energy Review – Quick Summary
Name: Stream Energy (Official name is STREAM GAS & ELECTRIC, LTD)
Founder: Mark Schiro
Type: Energy Company, Multi-Level Marketing (MLM) System
Best for: People Who Love Multi-Level Marketing, Recruiting People and Electricity
Summary:
Is Stream Energy Recommended? I’ll go over this further. However, Stream Energy is not my #1 recommendation!
Introduction: Easy Money By Selling Cheap Electricity?
If you are thinking about joining Stream Energy, the chances are that some of their distributors has approached you and wants you to join the system.
That’s why I created this Stream Energy review to help you out and make an informed decision before buying into anything.
I am not affiliated with Stream Energy in any way so I will provide you only 100% unbiased information so you can make the decision yourself.
We have published reviews of more than 100 similar MLM-companies like Stream Energy so we have seen everything what’s happening with that business model.
They often give you Huge Promises like:
- “This system will change your life so easily!”
- “Everyone who joins this becomes successful.”
- “Just join us, the products will sell themselves because they are so good.”
- “You don’t need to know how to sell or recruit. This is almost like a done-for-you system.”
I have heard such claims from so many network marketers online. However, I am not myself part of any network marketing company because of their controversial reputation.
On our site, you’ll only find recommendations of 100% legitimate ways to make money online.
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What Is Stream Energy?
Stream Energy is a company that was founded in 2005 by Mark Schiro. At the time, the company focused on supplying its customers with affordable electricity and natural gas. However, as time went by, the company added other facilities that I will inform you later in this article.
To gain more clients and customers, Stream Energy decided to adopt the infamous multi-level method of marketing. Simply put, this method of marketing allows its customers to come on board and make some money straight from their homes. In this Stream Energy MLM review, I will focus on informing you whether this company provides a source for its customers as it claims.
Stream Energy Products
Before looking at whether the company is legit or not, let us quickly look at some of its popular products.
- Phone Plans
Stream energy provides various phone plans including Wi-Fi and data services to subscribers all over the United States of America. The phone plans are both for individuals and shared plans.
- Energy
This is the main service that Stream Energy provides. The service focuses on providing affordable electricity and natural gas to individuals in some parts of the country (not all states are eligible for this service).
- Protection Services
The protection services offered by this company is not limited. However, the most popular ones include credit monitoring, roadside assist, and medical covers.
- Home Services
These include smart home services, digital voice services, and a smart thermostat. With these services, you can access and monitor your house from anywhere.
The main of the services and products provided Stream Energy is to allow you to save some cash. The rates are charged monthly depending on your location.
Stream Energy Compensation Plan
This is where it gets interesting. According to the company’s management, you can work as a “Sales Associate” provides you with 2 ways of making some cash. The first way involves urging and convincing new customers to sign for Stream Energy. The second method involves recruiting new members and making money out of their efforts.
How To Make Money With Stream Energy?
Looking at the above methods of earning money that Stream Energy provides, there is nothing sinister about them. If anything, they adhere to all the MLM regulations. By enrolling the first 3 customers for any of the Stream Energy products make you become eligible to receive a monthly commission from each of your sales. However, the amount of commission that you get will depend on several factors including your location and whether the customers enrolled continue to use stream energy services.
Additionally, you can make more money by recruiting new members into the system. This opens you to bonuses such as personal customer bonus and team customer bonus. You can also create a website that will aim at promoting Stream Energy MLM services. Apparently, this is the best way of making money from this company. For instance, with the website, you will get a $100 bonus the moment you enroll 3 new customers into the system. If the new customers remain active, you will receive a further $500 bonus not to mention your monthly commissions.
Depending on your dedication to the company, you can rise high up the ranks where you will obviously earn more. Depending on your rank, you can rise to the position of a regional director, managing director, senior director, executive director, and even the national director.
Complaints About Stream Energy
Looking at the above requirements, you might think that making money on Stream Energy is easy and straightforward. However, the process is harder than you think. Basing on the feedbacks that I have gotten from people who have tried working with the company, they claim that it takes a long time to establish yourself on the platform. Not many people would like to join such a platform so it is hard to get new recruits, no recruits mean no money for you at the end of the month.
Additionally, the company’s stats are not favorable. To get to the point quickly, only about 5% of the people working on this platform have a chance of making it big as they promise. These figures are not favorable given that many people are looking for ways on how they can make money from home.
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Pros & Cons Of Stream Energy
Just like any other MLM company, Stream Energy has its pros and cons that I discuss below:
PROS
The main advantages of working for this company include:
- The services provided by Stream Energy are different from what many other similar companies provide. This makes the company relevant to most people.
- As compared to other similar companies, Stream Energy has a simpler compensation plan.
- The company offers you a variety of earning ways. You can create a website where you can help with sales and recruiting of new members.
PROS
Aside from the mentioned advantages, Stream Energy MLM also has some disadvantages highlighted below:
- Stream Energy services are only available to people living in the United States only and even then, the services are not available in every state.
- Just like any other MLM company, most of the profits go to the people at the top while the lower ranked sales associates get peanuts. The company is only good if you are at the top.
- You need to enroll many people for you to make something substantial.
- Earning money from this company is not as easy as it may look on paper.
Is Stream Energy A Pyramid Scheme?
Basing on my experience and what I have learned with time, Stream Energy is not a scam. However, I would not recommend its services to anyone as there are other companies that offer different and better plans. As you may have noticed, to make it at Stream Energy, you have to put in a lot of hard work to rise high up the ranks so you can make some real money. Even then, the possibility of making it is about 5%, which is generally lower than what other companies have.
Stream Energy Reviews: What Do Customers And (Former Employees Say)
Before you join their program, I recommend reading customer and member reviews.
Below you will find links to 3 biggest and the most important review sites where you’ll find tons of information from the people who have used their products and joined their business opportunity.
When you’re reading the reviews there, keep in mind that some of the members may write positively just to promote and sell the system more. And on the other hand, sometimes negative reviews tell more about the person that writes them than about the company itself.
So, take all the reviews with a bit of grain of salt and pick what is helpful.
- 71 Stream Energy Reviews on BBB (Better Business Bureau)
- 85 Stream Energy Reviews on My3Cents with an Average Rating of 2,7 Stars Out of 5
- 43 Stream Energy Reviews on Glassdoor By Their (Former and current) Members
I’m sure that by taking a quick look at those reviews, you’ll get a more comprehensive picture about the company and working for them.
But now, let’s come to our last chapter and conclusion, “Should you join Stream Energy or not?” Read the last chapter to find out!
Conclusion – Is Stream Energy Worth It?
I will give you 3 clues to decide the answer to that question yourself. Ask these 3 questions and you’ll know the answer whether or not Stream Energy is worth it for you:
- Do you think that Stream Energy products provide genuinely a great value?
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Let me know in the comments below! 🙂
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