Momentis is a new Electric Service MLM Work From Home Energy Company

Momentis 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.

 

Reliant Energy’s Parent Company NRG Energy Gobbles up another Provider, Energy Plus

I found out today that Reliant Energy’s parent company NRG Energy now owns Energy Plus. A year or two ago Reliant’s parent company NRG Energy bought Green Mountain Energy and now with Energy Plus NRG Energy has gobbled up a couple of the top marketers in the retail electric provider space.

I believe Green Mountain Energy has done the best job of differentiating themselves from their competition which makes their purchase by Reliant Energy’s parent company NRG Energy a smart one. Energy Plus marketed their service through places like the government student loan rewards program Upromise and through Best Buy in several deregulated states including Texas.

I remember reading that Energy Plus was one of the fastest growing retail electric providers in the country and it likely has to do with how aggressively they worked out partner joint ventures with companies like Best Buy. I personally have received at least 3 different mail outs coming from Best Buy to switch to Energy Plus.

Here you have an old school company like NRG Energy buying up good talent in two separate buy out deals in which both companies have shown exceptional skill at leveraging the power of joint venture partnerships and brand differentiation.

When it comes to price Energy Plus has continuously been scolded online by their past customers for advertising that they are “competitive” and yet the customers standard complaint is that they pay more with Energy Plus than they did with the company they were with previously.

Through further research we have found that the reason for these complaints has simply to do with the type of plan many people switch to when choosing this company. The popular plan they advertise is a variable rate plan and so there is no guarantee how long the price will remain competitive and so it is easy to see why people turn on this new provider when their electric bill goes way up.

We are interested to see if NRG Energy (the parent company of Reliant Energy) changes the marketing tactic currently being used by Energy Plus or leaves things basically the same.

Energy Plus Holdings LLC became owned by NRG Energy on September 30 2011 and it is reported that they will not have any technical or managerial qualification changes but will have the ERCOT financial requirements handled by NRG Energy.

NRG Energy The Company That Owns Reliant Buys Green Mountain Energy

NRG Energy just bought Green Mountain Energy for $350 million dollars.

NRG Energy is the New Jersey based power generation company that bought Reliant Energy not that far back.

So Green Mountain Energy and Reliant Energy are now under the same corporate umbrella known as NRG Energy. Very interesting development.

I wonder what the Green environmental activists will have to say about a power generation company buying “Green” Mountain Energy?

August 2009 Dallas Electricity Rate Comparison

Today is August 14 2009 and we have gone out to the power to choose website to check on electricity rates from companies like Champion, Startex, Green Mountain Energy, Spark Energy, TXU, Ambit, Stream, Bounce, Texas Power and Reliant Energy.  We checked on some other Texas electricity providers but these energy companies provide a good overall comparison of rates. We have sorted the electricity rates  in order from cheapest to most expensive using the pricing available on the Power to Choose website.

Startex Power, Champion, and Green Mountain Energy, are some of the more popular electricity companies we recommend and Startex and Champion are currently offering some of the cheapest available electricity plans in the Dallas Texas area. There are no hidden fees or charges with Startex or Champion. If you use below 500 kWh per month than a $4.95 monthly service fee will kick in with Startex Power but other than that you are going to be good with the top two cheapest Dallas electricity plans in the chart.

This chart above is a historical snapshot of what Dallas residential electricity rates looked like for the month and day of August 14 2009. These charts sometimes help in determining the track record of a Texas electricity companies overall consistent performance in delivering a low cost electricity price to Texas energy consumers. To see a current comparison of our recommended electricity companies in Dallas Texas please click on our Dallas electricity comparison link by clicking here.

Zurvita and MXEnergy take on MLM Electric Service

Other MLM Related Electricity Companies Competing With Zurvita Energy

Ambit Energy – started after Ignite and uses a similar compensation plan and borrowed some execs as well. Ignite and Ambit do not get along.
Ignite Energy – The first MLM electricity service company in Texas when Texas deregulated. Many sales associates came from the bankrupt Excel telecom.
Affordable Energy – A traditional electricity company which added an MLM side of their business to add market share in an attempt to gather as many customers as companies like Ignite which claims to have 400,000 electric service customers.
New Age Power Brokers – A recent development as of 2009 that offers a business to business referral network but their claim is that they are not an MLM company like Zurvita, Ignite, and Affordable Energy.
GME – Green Mountain Energy Company is a traditional electric company that added an MLM division in an attempt to add additional market share. They pride themselves in their green and renewable energy choices.

Zurvita is a new MLM Energy Business Based in Several States

A few companies have followed after the steps of Ignite Energy to see if they too can increase their market share by creating a multi level marketing company to add additional electric service customers to their company. Ignite started after Excel Telecommunications went out of business. Excel sold their downline list to Shaklee (a vitamin MLM company) and many of these Excel reps said, “no thank you” and helped to start Ignite. Based on online information it is said that Ignite has signed up over 400,000 electric service customers. This is not confirmed but if this is true it makes since why traditional electric companies like MXEnergy, Green Mountain Energy and Affordable Power Plan would attempt to create an MLM company to add additional customers. If Ignite did it then it would make since that other electric providers could do the same thing. Zurvita is located in several states although the biggest market with an incentive for customers to switch providers remains in Texas. The margins are a bit thinner in other states with little if no incentive to switch providers.

Energy MLM’s Overdone in Texas

An issue with MLM is that it can sometimes be overdone. As an example, Ambit Energy is a close copy cat to Ignite Energy and both Ignite and Ambit Energy are on the decline as this opportunity has been heard by most people in the state of Texas and not as many people are interested anymore. In order to start up a succesfull MLM electric service company you need a different compensation plan then the other electric providers that will raise eybrows enough to attract people to the opportunity. Many people joined Ambit, Ignite, and now Zervita but haven’t made that much money. The hard part of the business is signing up electric service customers. Ambit, Ignite and now Zervita pay out a very small amount in residual income for personally sponsored electric service customers.

Don’t Waste Valuable Time

If you have spent anytime at all in building an MLM business you may know that you can waste several years signing up sales reps and getting the needed electric service customers only to have made a few hundred dollars over the course of the year. You don’t want to just be spinning your wheels for a year to find out the opportunity isn’t going to work for you. When choosing an MLM opportunity you want to make sure you get paid very well for signing up personally sponsored electric service customers. This will allow you to build up a traditional income while also building an MLM sales organization. By having a traditional commission pay structure for personally sponsored electric service customers you can create a business with little risk that the opportunity will not work out. You can then also build an MLM sales organization and not have all your eggs in one basket hoping that your downline takes off. Not everybodys downline takes off, especially if you came into the work from home opportunity late in the game.

Which MLM Electric Companies are Worth Joining?

A couple of work from home energy businesses that have a good upfront pay plan for personally sponsored electric customers are with Affordable Energy and Green Mountain Energy. Both of these companies started out as traditional energy companies and continue to have their two divisions. You can make very good money signing up personally sponsored electric service customers with these two companies. The residual with both of these providers is about $6 a month per customer. There is also a customer aquisition bonus with either company anywhere from $10 – $20 per customer. Affordable Energy offers the added benefit of being able to sign up commercial energy customers. A new commercial energy opp in Texas has created a little buzz known as New Age Energy Power Brokers. New Age mainly brokers commercial power for Glacial Energy which is licensed in several states. Sales associates get paid 40 percent on the commission New Age receives. This means that if a store using 40,000 kWh a year signs up a sales associate will make about $4 a month in commission on that customer. Many people see the 40 percent and say wow before doing the math. This is good commission but one must consider the customer you should be targeting to make money at something like this.

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