You are welcome to my Stream Energy review.
I am certain you are here to know if you can make money with Stream Energy.
It is ok that you are doing your research about Stream Energy; this was how I discovered how to turn my skills into a full-time business online blogging.
But, is Stream Energy a legit or scam? Or, Is it another pyramid scheme?
Please know that I am in no way affiliated to Stream Energy, therefore expect an unbiased review from this article.
Please read continue reading. ..
Stream Energy at a Glance
Product Name: Stream Energy
Industry: Retail Electricity Provider (Plus MLM)
Founder: Rob Snyder and Pierre Koshajiki
Price: $199 Registration Fee.
Summary Review of Stream Energy
Stream Energy is a legit company that deals with the sales of energy, as well as the provision of wireless, protection, and other services.
Stream uses an MLM model to substitute for direct advertisement, which opens an earning avenue for interested affiliates to enroll more customers and extend the reach of the company.
Sadly, there have been numerous complaints that revealed that Stream Energy eventually sells energy at skyrocketed prices compared to when they initially enter agreements with the customer.
This raises a red flag already, and the generous bonuses that Stream Energy put on offer do nothing to drop those concerns since the qualification requirements are extremely difficult to meet.
What Is Stream Energy?
From a relaxed viewpoint, the only flaw with Stream Energy is the fact that the company is yet to spread beyond the following territories: D.C., Georgia, Maryland, New York, New Jersey, Pennsylvania, Texas, and now, Delaware, Illinois, and Ohio, since the company was built in 2005 by Rob Snyder and Pierre Koshajiki.
Indeed, starting from a base that had them selling their energy by oral agreements.
Stream Energy quickly grew into an Energy giant that has paid out earnings to the tune of millions of dollars to affiliates that refer and market the new energy distribution channels that Stream Energy advertises so keenly.
The satisfaction of their affiliates is something they have achieved by using Network Marketing strategies, something that is rare to see in the same sentence with energy due to the consistency required with compliance with federal rules.
Nevertheless, Stream Energy has benefitted more than $8 billion in revenue since 2005.
Partly because, on paper, Stream Energy gives one of the most flexible contracts for wireless, home, and security services, as well as electric and gas supply, at very appealing rates in the current energy distribution market from their headquarters in Texas.
Although, a lawsuit in 2008 revealed that three out of every ten customers of Stream Energy are distributors.
In 2015, they burst into the fore of public consciousness by proposing that residential and commercial property caretakers can get their energy taken care of every month at prices as low as $30.
This was a sequel to a “Clean Energy Nation” movement they started three years prior, where Renewable Energy Certificates were meant to be sold nationwide, but the program failed.
Learn more about Stream Energy via Wikipedia.
Stream Energy Product Line
Stream Energy proffer up to 10 different energy solutions for willing customers at ‘competitive prices' involving both electric, gas, and green energy.
Among the energy solutions that Stream Energy sell, three plans are regularly subscribed to, according to distributors:
- The Simple and Secure Plan,
- The Stream Free Nights, and
- The Green and Clean Plan
Of the three, the Simple and Secure and the Stream Free Nights are the cheapest and most expensive plans respectively.
There is a difference of one cent per kilowatt-hour between them, as the Stream Free Nights cost 12.9 cents per Kilowatt-hour, the Simple and Secure plan costs 10.9 cents per Kilowatt-hour and the Green and Clean plan costs 11.9 cents per Kilowatt-hour.
There is also the service choice that reduces your carbon footprint by offsetting 1MWH every month for a little cost of $4.95 that you play along with a $2.48 connection fee.
Their most successful plan, though, is bound to be the newly launched ‘Budget Power Plan' that allows customers to pay subscriptions for power at the same rate that they use for every month if their usage doesn't go against the agreed Terms and Conditions.
Apart from energy, Stream is also involved in some other technical accessories for residential and commercial households like:
The Stream has a line of protective alternatives, including Roadside Assistance, Identity theft protection, technical support, credit monitoring, and Virtual MDs.
The Stream has also inducted its customers to the convenience of controlling their house spaces, utilities (like smart Thermostat), and energy consumption monitoring using their smartphones with the Stream Platform for Smart Homes.
Stream also has some wireless network connections for cellular phones and international phones.
Stream Energy Compensation Plan
To convince people to part with $199 to register with Stream Energy, you can expect that there'd have to be juicy bonuses on offer, and there are.
Potential distributors start to drool when they hear that they can earn as much as $200 just by referring enough customers to Stream Energy's services within the first three months, but that's where the simplicity ends with the Stream's compensation plan ends.
If you enroll ten customer points within that same period and sell enough Stream services, you can also earn up to $500 at once.
- Monthly Earned Income (MEI)
After walking into the $200, the real work starts as a distributor.
For every customer that a distributor of Stream energy enrolls, there is a compensation bonus from $0.50 to $3.00.
Thus, the distributor must work hard to get enough people subscribed to the energy service to get any reasonable amount from the MEI.
A year of driving a brand-new Mercedes, Streamcation, travel stipend, plusses at the annual Stream conferences are just a few admittedly lavish bonuses that Stream dare their affiliates to earn.
The affiliate must reach above the rank of Regional Director at the very least for one year, as well as meet some other qualifications.
To be fair, there have been very few complaints about Stream failing to keep up with their ends of the bargain. Like any other MLM, the problem is always getting there.
Recruit and Team Bonuses
Even getting money from people you recruit to your team is tied to how well you perform in the field.
If you don't get the required customer points from enrolling customers or selling energy yourself, you can say goodbye to your team bonuses.
Also, your recruits must be equally active. The recruits must close sales within the first month of joining the Stream Energy ground force before you can make cash off them.
Stream uses a list of ranking positions with the lowest area being an associate, and the highest position being a National Director, as seen below:
Making a move up each rank requires the affiliate to fulfill a sales requirement every month while paying a necessary enrollment fee.
Nonetheless, earning from customer bonuses presents the best opportunity for affiliates to really make money from Stream, simply because making energy sales is not a fast-moving market.
How to Join Stream Energy?
Interested Affiliates just need to join the MLM branch of Stream Energy simply known as ‘Stream Ignite.'
For you To join Stream Ignite, the affiliate will pay the prerequisite $199 fee and fill the required fields.
How Much Does it Cost to Join Stream Energy?
Registration to be an associate with Stream Energy costs a whopping $199 as the membership fee only for the Multi-Level Marketing business branch called Stream Ignite, there are no extra packs or perks attached to the $199.
Also, the affiliate must remit a token of $24.95 every month to keep up the website and the Stream Marketing System (SMS).
This SMS fee avails all the tools and services that an affiliate would need to make sales and recruit seamlessly for the month.
Who Is Stream Energy For?
Only people that have confidence in their proximity with people that need flexible energy contracts, and the ability to turn those customers into very active distributors should think about investing in Stream Energy.
This is because, the amount earned from energy sales are not usually up to scratch, the bulk of the substantial earnings come from bonuses earned from recruitment and ranking up.
How to Make Money with Stream Energy
Like every other MLM business out there, making money from Stream Energy depends on the pulling power you have with recruits for bonuses.
The bonuses are not much, but they serve a whole lot better than relying on sales.
Of course, the irony is qualifying for the bonus requires the affiliate to enroll more customers, which is precisely why people don't make much money with Stream Energy, except they live in an area teeming with people that are dying for the energy plans that Stream Energy offer.
Which unfortunately, rarely is the case.
How Much Can You Make with Stream Energy?
To put it all in perspective, affiliates of Stream Energy can earn between $100 and $25 from team bonuses, with the bonus distribution dependent on rank. If you're ranked higher, you can get up to $100.
However, most of the rewards depend on how well the associate performs when it comes to customer enrollment. Sometimes, the requirement for bonus qualifications is up to 10, or even 15 customer enrollments.
As for energy sales, earning $0.50 per customer enrolled is a recipe for disaster, which is why some affiliates turn their attention to trying to enroll commercial outfits in the hope of getting better returns.
Unfortunately, retail accounts pay between $10-$25 every month for energy, which is not exactly the top dollar either.
Ultimately, the biggest winner in the contract is the 245 established officials at Stream Energy, since they realize that advertising by word-of-mouth is more likely to yield results than other marketing choices.
In essence, they have $8 billion of generated revenue to prove that point.
So, while satisfied customers think they are earning a little side cash by promoting the source of their flexible energy plans, all they do is pay to advertise Stream Energy Services.
Are Stream Energy Members Making Money?
While it became public knowledge in 2008, that the Stream Energy took a sum of $9 million from distributors from the sign-on fees and monthly payments the affiliates pay.
Despite this generous contribution from the affiliates, the average annual earnings for affiliates in that same year was $174. That's not even up to the registration fee.
Stream Energy Customer Service
Stream Energy customer service personnel are available to be reached via Stream Energy Phone Number 866-447-8732 or Click here to complete the Stream Energy contact form.
What is Good About Stream Energy?
Green Energy is the Future of Energy
Since its inception, Stream Energy has championed the use of cleaner energy for its audience with plans like Stream Green and many programs they have set-up to improve awareness of the need for cleaner energy.
This will always be a huge plus in any book, especially when there are many energy companies out there taking the easy route by ignoring the difficult and nigh impractical sources of eco-friendly energy.
Many must have laughed at the budding Stream Energy when it was just an oral movement calling for more flexible energy in 2006, and expected it to fold up sooner or later.
They must have turned their noses up further when the company adopted an MLM strategy for the affiliate association.
Stream Energy has defied those odds to grow into serious consideration in the energy market, and that's a big deal.
No Major Lawsuits in File
Stream Energy has not had to step in court as much as most Multi-Level Marketing companies do.
That's not to say there's not been the odd complaint here and there, but it never really gets bad enough to get into a full-blown legal issue.
The only lawsuit they faced recently was regarded as a massive scandal, where other MLMs treat lawsuits filed against them like medals.
Issues with Stream Energy
Shameful Income Statement
This is one case where hiding an income statement would have been a smarter choice than disclosing such horrific details.
The data in Stream's IDS of 2017 revealed that the average income of affiliates at the Director position takes home 4 cents on average every year.
Four Cents a Year! What's worse is that 58 out of every 100 Stream Energy Affiliates are at the Director Position.
Twenty-five of the remaining 42 affiliates from that ratio is in Qualified Director position and the average annual income of $47.93. It's all just horrible.
High Cost of Investment?
Imagine registering as an affiliate with $199! It is too costly.
Considering the expected returns from that nasty Income Disclosure Statement, does it look worth it?
While the base plan Stream Energy offers to customers is usually a cheaper option, that is only for the period covered in the agreement, once the period ends, the customer pays at a wild rate that could even be double of the initial deal.
This has sparked outrage among the customers, enough for a lawsuit to be filed against Stream Energy.
Online/Offline Complaints About Stream Energy
Most of the customers have left furious complaints about how the energy they paid for was more expensive than the initial agreement.
Stream Energy has a responsive customer support service.
Still, most of the customers have insisted that the responses make them even angrier since the “Customer service agents continue to be rude and condescending,” according to one customer.
The main issue, it seems, is that Stream Energy refuses to notify the customers about the change in tariff after the initial contract expires, which makes the customers surprised when they see doubled or tripled bills come to the end of the month.
There are so many complaints about this issue online.
Stream Energy BBB Reviews Rating Is A+
Stream Energy has been accredited with BBB since the 8th of August, 2010, and despite the 224 complaints placed against Stream Energy in the last three years (84 of which are about the service), Stream still enjoys an A+ rating on the Better Business Bureau.
Stream Energy Lawsuits
Stream Energy agreed to a settlement fee in 2018 as they pled guilty in a class-action lawsuit filed against them by Steven Basile since 2015.
Basile Claimed that he had been overcharged for the energy he entered a contract with Stream over.
In that same year, Stream was faced with a charge that labeled the company as a Pyramid Scheme, which put them in the firing line for breaking federal racketeering laws, acclaim that Stream refuted.
Again, in 2015, Stream enjoyed the right side of the law, as they received $346,00o in compensation from a lawsuit filed by Soavei for misappropriation of trade secrets.
Stream ignite was faced with a lawsuit recently for overcharging its customers again, this time by the attorneys at Morgan & Morgan for electricity and natural gas services.
Morgan & Morgan have put out a bounty on Stream Energy's head, asking for customers that have crossed by Stream so they can apply for due compensation.
Stream Energy App
Stream Energy App is a mobile application for Stream Energy Gas electricity LTD.
You can use the app for the following:
- View your bill
- Make payments
- Manage AutoPay preferences and payment methods
- View billing and payment history
- Sign in with your fingerprint
It is available and compatible with Android devices, iPhone, iPad, and iPod touch.
Is Stream Energy Legit or Scam?
Stream Energy is a legitimate energy selling business.
It is based on their legitimacy that they earned a place as a Direct Selling Association Top 20 company in 2017.
A year before then, Stream Energy was awarded the title of the” Most Innovative Marketer of the Year” at the Energy Marketing Conference.
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If you make sales for a company, the company will pay you a commission in a percentage of the number of your sales. You will not get paid if there are no sales.
Example: If you click on any of my link and my link take you to another website and you buy something from that site. That website may pay me a commission (maybe 10% or more) of the amount you pay without any extra cost, you the buyer.
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Is Stream Energy Worth It?
What do you think about my Stream Energy review? Can you make money with Stream Energy?
Is Stream Energy a legit or scam? Or is Stream Energy a Pyramid Scheme?
From the complaints above, then it's clear that buying energy from Stream Energy is not precisely cheaper than state-owned energy alternatives.
This, you can agree, makes it harder for distributors to pitch their sales.
Many people will have a problem with facing customers that feel aggrieved about the overcharging that Stream Energy pulls on their customers.
As a distributor, that's not a problem you face directly, though.
Distributors save at least 25% from their previous energy bills, but that's usually as far as money recouped goes for a distributor working for Stream Energy.
With an average annual take-home of $174, there's no need for a soothsayer to tell that Stream Energy is not worth the affiliation.
It is great to meet you finally. John is my name, and I'm the owner of Amazing Profits Online. I am a Full-Time Affiliate Marketer at Wealthy Affiliate, a community that teaches anyone to earn a full-time income online with their own passion-driven online business. No Credit Card Is Needed. It is FREE to Join. You can also Click here to get to know more about me.