I just found another MLM energy company today called Momentis. I clicked on the link and the person who signed up for this opportunity must have already quit because the link was invalid.
This company is powered by an electric company that has been around for awhile now called, Just Energy.
I have talked to commercial businesses about Just Energy in the past and from my knowledge they have been very aggressive. They had feet on the street sales guys canvasing business districts offering their rates.
This practice is typical of even TXU and Reliant Energy so there is nothing wrong with this I just say this to explain Just Energy has and will try anything to be competitive hence why they are in MLM.
Momentis is an MLM company powered by Just Energy and they don’t just sell electric service but also natural gas, TV, internet, and phone.
If you are wondering about this opportunity and how it compares to the rest I have news for you. As far as I am concerned I already kind of know what the compensation plan will look like before even looking.
It has become increasingly predictable what these companies compensation plans look like. The main thing I would worry about is if the company will allow you to keep whatever ranking you achieve when they eventually change their compensation plan or add more positions.
Think about this, most of these MLM energy companies adjust their plans by adding a new rank in the mix. This dilutes your stake in the money pool and continuously makes it harder for you to remain at the top.
Some MLM companies will vet you and keep you in whatever position you achieve and will not allow a new rank to push you down but will in fact promote you to that new level that did not exist when you first joined.
What companies look out for you in this way? Not many.
Regarding the compensation plan it appears it looks similar to many, such as Ignite Energy, The Green Mountain Energy MLM, and a few others. You basically get very little compensation for actually signing up electric service customers directly.
You get bonuses for signing up customers within 30 day time slots. For each 5 additional customers you get in 30 days it appears they pay you $100. That means you are getting $20 a customer one time. You also get $1 a month for each active customer you personally maintain that you have signed up directly.
Overall the compensation you get for the direct work you put into getting active customers is very little compared to other MLM companies I know about.
The real money comes in by building large active down-lines of representatives that are selling the opportunity. The reason this is where the good money comes in is because large bonuses are paid out when new recruits join.
The site does not go into how much the Myteam bonuses are or how much the myLeadership bonuses are which is curious to me but I suspect they are fairly big in the $100 – $300 range.
Keep in mind to get these bonuses your recruit has to pay a large upfront membership fee and sign up 2 customers in 30 days. Once this happens you get the initial $100 mentor bonus. The additional bonuses are paid out as your recruits qualify for more levels and are trained.
This compensation plan is very similar to many others. The hard part is in building a down-line that is very active. This is very hard to do but can be done. I produced a video that explains what the long term goal should be with anyone considering joining an MLM company. For most of us including myself it is far beyond something I would want to get involved in.