Stream Energy is a website that claims you can save big money by using their energy plans and since it works based on Multi-Level Marketing model, it gives you opportunity to make some money by selling their products. Now here is the question: Is Stream Energy a scam or it opens door for making money online to you?
Of course to make sales you need to be able promote products successfully first which requires some online marketing knowledge. But let’s see if this opportunity can really help you make money with energy plans or not. Let’s find out!
Product Name: Stream Energy
Official Website: https://mystream.com
Owner: Mark Schiro
Type: MLM company for Energy Plans
Cost to Join: $29 monthly fee plus $329
Recommended? Yes but not for everyone
Overall Rating: 5 out of 10
What Is Stream Energy Exactly?
Stream Energy focused on providing natural gas and electricity supplies with cheaper price for people and as I’ve mentioned in summary section, this company has been founded by Mark Schiro about 3 years ago in 2015. After getting success in its two main fields (electricity supplies and natural gas), Mark Schiro expanded his business and decided to enter into other sections.
About the marketing, the same as many other online businesses, Stream Energy uses a MLM model to promote its products. Multi-Level Marketing lets everyone join a company and start making profits and earn commission by promoting and selling products of that company; most of the times it’s free to join into MLM program of a website and it does not require any specific knowledge.
But since Companies uses different types of compensation plans and these plans are complicated sometimes, it may not be not suitable for everyone. This is what I’m going to discuss here and I’ll let you know if compensation plan of Stream Energy is worth your valuable time or not.
How Stream Energy Works?
To know how Stream Energy works, we need to discuss a little about MLM first and see if there is any difference between Multi-Level Marketing and Pyramid Scheme. This company has introduced itself as a MLM company but when during my research I’ve seen some signs of Pyramid Scheme in this company.
But let’s consider it as a Multi-Level Marketing business for now. The most important factor in a MLM company is education which I’ve not seen in Stream Energy. To be honest, I can think positively about a company that does not provide basic education for its members. When there is not a step by step guide, it let us think Stream Energy is thinking about something other than helping people to make money.
Of course there are some information about how to start and how to promote natural gas products but I confidently say that it’s not enough at all and everything gets worse if you don’t have any marketing knowledge in advance.
But is Stream Energy a pyramid scheme? No. According to what I’ve found in their official website, they don’t push you to recruiting new people into their program to make money instead they provide you several options which let you earn profit from different ways.
What You Can Sell Through Stream Energy?
Don’t forget that I still didn’t answer the main question; is stream energy scam or not? Because it’s not easy to give it a Yes or No answer and we need some more details.
First, let’s take a look products that are available for selling in Stream Energy;
As name of company brings, energy is the first services provided by this company. This service is available for customers of United States but keep in mind that not all states can take advantage of it and currently customers in only some of states can get this service. As its name says, this service provide natural gas and electricity in a lower cost.
- Phone Services
This option gives individual takes benefits of data and Wi-Fi services provided by Stream Energy. The same as Energy service, this service can be beneficial for you if you live in United Sates.
Home & Protection are other services that you can get from this company. It’s better to visit their official website to know more about these services.
Compensation Plan of Stream Energy
Well I was disappointed when I’ve looked at their compensation plan because unlike what I’ve expected, it’s not easy understanding at all and you may get confused quickly if you’ve not worked with other MLM company before. The only thing they’ve mentioned clearly in compensation plan is upwards of ~$250 which seems good when we see it in other similar MLM companies.
The based on MLM is trying to get people sign-up on a specific product or service and if you have this ability, there’s good money to be made through it. Your efforts will be rewarded by points so basically if you can make more sales and get more people to register on Stream Energy, you’ll get more points.
Low potential of income is one of the main negative points of MLM business and according to stats, each marketer could make only around $178 yearly by working as distributor on their platform, which is not much at all.
Stream Energy – Pros & Cons
Positive Points of Stream Energy
- You Will Work With a Well-Known Company
When we talk about MLM companies that work based on energy, Stream Energy is considered as a leader with more than 15 years of experience in this field. Generally I don’t recommend people to join MLM business but if I would, I tell that it’s better to sign-up on an old and well-established company rather than a new one and this is what Stream Energy can give you well.
- There’s a Huge Demand for What They Are Offering
Everybody likes to save money on energy so regardless to where you are from, what Stream Energy provides can be useful. You never see an energy provider offers you discount and prices goes up every month or year so if company promises you lower price that would be a great alternative for your current energy service provider.
Negative Points of Stream Energy
- Good or Bad It’s a Multi-Level Marketing
The first and biggest disadvantage of Stream Energy is its marketing model, MLM. Generally people have a negative view about this type of business so it does not matter what you offer them; they’ll reject your offer fast even if you’re going to give them a high-quality service or product.
- Local Opportunity Rather than International
You can’t go anywhere more than a couple of states in America with Stream Energy so don’t make any international dream with them. In addition, if you decide to try this MLM opportunity you should learn about all related rules about this business according to city and state you live in to do not get into any legal trouble.
Unfortunately there is not a common law about MLM for all states and it can be legal in some and illegal in some others.
- You Cannot Rely on Energy Business 100%
Although there is a good demand for energy out there but the fact is that this is not a trusted industry by people so when we mix it with Multi-Level Marketing model (which is not trusted as well) everything get harder and more difficult from building trust to selling.
Is MLM Something You Should Try?
I know this business model and I’ve reviewed tons of MLM companies so I assure you that it’s not a newbie-friendly business and since you mostly promote expensive products (which you need to buy them in advance) there is chance to lose big money if you can’t sale them.
I recommend you to go for Affiliate Marketing instead of Multi-Level Marketing. I’m doing this for a long time and could turn it into my full-time income. I also know many people who started affiliate marketing with zero knowledge in online marketing and could get huge success in less than 6 months.
Final Word – Is Stream Energy a Scam?
Let me answer this question with another question. Do you think they could be up there in energy business and continue working constantly for more than 15 years if there were scam? I don’t think so. All my research also confirms this answer and I’m sure that Stream Energy is totally a legit company.
But wait! Does it mean that I encourage you to take benefit of this opportunity and will it be profitable for you? No! Without doubt there are many things I didn’t like in this company and I believe that they’re not 100% honest with customers. They even use some tricks to increase number of sales sometimes and I’ve seen some information in their website which is not trustworthy.
Anyway in terms of legitimacy, there is nothing wrong with them but I advise you to read all information on their website to make sure it’s a suitable opportunity for you.
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