In line with the ever increasing prices of energy and electricity, Ambit Energy looks like a more cost effective alternative to your high electric bills. Given the economy’s volatile nature, chances are low that costs will go down any time soon. It’s either you keep paying for the pricey bills or check out what Ambit Energy has to offer.
What is Ambit Energy?
Ambit Energy was founded in 2006 by two friends namely Jere Thompson Jr. and Chris Chambless. One day, over lunch, the topic of energy deregulation was brought up and they saw the opportunity of providing the market with low cost energy options. From there, the company took off and is now comprised of over 250,000 independent consultants. In 2008, the company had revenue of $200 million while 2009 saw more growth with the revenue reaching almost $325 million.
Aside from offering cheaper energy, the company’s network marketing nature is also a great opportunity for customers to enjoy added financial rewards. All the consultant has to do is promote and sell the brand’s products and services to enjoy the promised rewards.
Energy Services in 12 States
At the core of Ambit Energy’s business mission is to allow consumers to save money. As a retail electricity and gas provider, it offers the most competitive rates in the market serving 12 states in the US. Among these states are:
- Washington D.C.
- Rhode Island
- New York
- New Jersey
In addition to its cost-effective services offered for both commercial and residential consumers, the company also introduced the prepaid plan in 2010. Said plan is available in select Texas area offering consumers with flexibility in their energy usage. The plan comes with a smart metering technology for easy monitoring.
Become a Consultant
If you want to earn extra income in addition to saving on energy cost, one way to do it is to become an Ambit Energy consultant. As a consultant, one can start a business by simply doing two things. One is to gather loyal customers and second is to help others do the same thing.
To become a consultant, there is a one-time fee of $429 that must be paid. Doing so allows the customer to join the company’s network marketing compensation plan.
With Ambit Energy, there are no products to sell or inventories to worry about. The consultant only has to promote the services and gain loyal customers in order to take part in the company’s financial reward promises.
The Compensation Plan
Helping consultants earn money with Ambit Energy are the added perks of:
- Low rates
- Rewards Program
- Free Energy
There are also three ways for consultants to earn a compensation. As you invite more customers to try the brand’s low cost services, you can receive residual income in the form of the following:
- Bonuses for new customer sign ups
- Bonuses when team members sign up new customers
Enjoy Free Energy
Ambit Energy further attracts consultants and customers with its Free Energy program. Both consultants and customers can earn free energy by following four easy steps:
- Sign Up for the company’s low cost services.
- Refer Friends to also sign up and save money. The goal is to refer 15 or more family or friends.
- Get Credit as you refer friends. For every person who signed up, you are entitled to credits that will reflect in your bill or sent via a check.
- Share the Wealth by encouraging referrals to also refer 15 or more friends to sign-up so they can enjoy the Free Energy bonus.
As only one of the many energy providers in the US, Ambit Energy included in its program additional incentives such as travel rewards to gain customer loyalty.
Every customer is eligible to earn and enjoy travel rewards. For every kilowatt hour usage, the customer is entitled to an equivalent one travel point. When you have accumulated sufficient points, you can choose from a number of travel packages.
One other way to enjoy the travel incentive is to refer five or more friends to sign up. You then get to a travel package that can be worth up to 45,000 points.
What Customers Say
Ambit Energy may be a relatively young network marketing business but it has enjoyed rapid growth over the years. It’s only been around for about 9 years but it has already generated over $1 billion in revenues. Today, it is serving over 1 million customers in the US and more consultants are taking advantage of the business opportunity.
While the company is certainly doing well, customer feedback is one factor to also look into when investigating Ambit Energy. Complaints about customer representatives who misrepresent rewards are common. Questionable rate increases are always brought up as well as an allegedly poor billing system. In the end, there are a lot of happy customers but there are also those who are not satisfied.
Nothwithstanding the above concerns Ambit Energy appears to be a sound company with a successful track record.