Ambit Energy MLM Review: Is Company a Scam or Legitimate?
In this Ambit Energy MLM review, we will take an in-depth look at the multi-level marketing company that focuses on the electric and gas services industry. Ambit Energy is a legitimate company with a good product line. However, there are some things you should be aware of before joining Ambit Energy MLM. We’ll answer all of your questions, including: Is Ambit Energy a scam or legitimate? How does Ambit Energy work? Where does Ambit Energy operate? What is Ambit Energy’s commercial and home product line? Do the products work? How much does it cost to join Ambit Energy MLM? What is Ambit Energy’s compensation plan? The pros and cons of joining Ambit Energy.
Ambit Energy is a multi-level marketing company that provides electricity and natural gas services in deregulated markets across the United States. The company was founded in 2006 by two veterans of the energy industry, Ambit Energy CEO Jere Thompson, Jr. and Ambit Energy President Chris Chambless. They are friends who were looking for a way to save money on their energy bills.
As a multi-level marketing company, Ambit Energy’s consultants earn a commission on the electricity and natural gas services they sell to customers. In addition, consultants can earn residual income by building a team of other Ambit ICs and earning a percentage of the electricity and natural gas services that their team members sell.
The company is headquartered in Dallas, Texas and operates in these states:
- New Jersey
- New York
- Rhode Island
Ambit Energy also offers service in Washington, D.C., and Ontario, Canada.
How does Ambit Energy work?
The Ambit Energy business model is simple. Ambit Independent Consultants (ICs) sell Ambit Electricity and Ambit Natural Gas services to customers. Customers can choose to receive their Ambit Energy services through Ambit Electric, Ambit Natural Gas, or both.
Ambit Energy offers a full line of electricity and natural gas products for both commercial and residential customers. Ambit Electric provides fixed-rate, variable-rate, and prepaid electricity plans to residential customers in deregulated markets across the United States. Ambit Natural Gas provides fixed-rate and variable-rate natural gas plans to residential and commercial customers in deregulated markets across the United States. Ambit Energy also offers a green energy product, Ambit Solar, which is a solar panel system that allows customers to generate their own electricity.
Do Ambit Energy products work?
The Ambit Energy product line is reliable and competitively priced. Ambit Electric plans are backed by a Satisfaction Guarantee, and Ambit Natural Gas plans are backed by a Price Protection Guarantee. Ambit Solar panels are warrantied for 25 years.
How much does it cost to join Ambit Energy MLM?
It costs $429 to join Ambit Energy as an Independent Consultant. The starter kit includes an Ambit Energy Welcome Guide, Ambit Energy Independent Consultant Agreement, Ambit Energy Customer Application, Ambit Energy Terms and Conditions, Ambit Energy Price List, Ambit Energy Rate Schedule, Ambit Energy Disclosure Statement, Ambit Compensation Plan Summary, and an Ambit Marketing Plan.
To stay active, Ambit Energy Independent Consultants must maintain a minimum monthly PV (Personal Volume) of 100. Ambit Energy charges a $24.95 monthly fee for Independent Consultants who do not maintain the minimum monthly PV.
Ambit Energy offers training and support to its consultants through Ambit University, Ambit e-Learning, Ambit Live Events, Ambit Coaching, Ambit Success Tools, and the Ambit intranet.
What is Ambit Energy’s compensation plan?
Ambit Energy pays its consultants a percentage of the revenue generated from customers they enroll, as well as a percentage of the revenue generated from customers enrolled by the consultants’ team members. Ambit Energy also offers a Fast Start Bonuses, Leadership Bonuses, and Power Zone Incentives.
- New consultants have the opportunity to earn Fast Start Bonuses on the sales of Ambit Energy products. Fast Start Bonuses are paid out weekly, and consultants can earn up to $600 in Fast Start Bonuses in their first six weeks.
- Consultants can earn leadership bonuses by building a team of consultants. Ambit Energy pays leadership bonuses up to 12 levels deep. The Leadership Bonuses are paid out over a period of four weeks, and they range from $100 to $500.
- The Power Zone Incentives are Ambit Energy’s way of rewarding its top performers. Power Zone Incentives are paid out monthly, and consultants can earn up to $36,000 in Power Zone Incentives each month.
Ambit Energy complaints and lawsuits
Since Ambit Energy is a MLM company, it has been the subject of several complaints and lawsuits. The majority of Ambit Energy complaints revolve around the difficulty of making money as an Ambit consultant, hidden fees, and customer service issues.
In 2010, Ambit Energy was sued by the Texas Attorney General for allegedly deceptive marketing practices. Ambit Energy settled the lawsuit in 2011 and paid $185,000 in restitution to customers.
In 2012, Ambit Energy was sued by the Federal Trade Commission for allegedly deceptive marketing practices. Ambit Energy settled the lawsuit in 2013 and agreed to pay $150 million in refunds to customers.
The Better Business Bureau has given Ambit Energy an A+ rating, and Ambit Energy has an accreditation with the BBB.
Is it worth joining Ambit Energy as a consultant?
The Ambit Energy opportunity is not a scam, but it’s also not an easy way to make money. Ambit Energy is a legitimate MLM company that offers a real opportunity to earn income by selling energy products and enrolling customers in Ambit Energy plans. However, Ambit Energy is not a get-rich-quick scheme, and it will take hard work and dedication to succeed as an Ambit consultant.
If you’re looking for a way to make money, Ambit Energy is worth considering. However, if you’re looking for a get-rich-quick scheme, Ambit Energy is not the right opportunity for you.
What we like about Ambit Energy
- Ambit Energy offers a real opportunity to make money by enrolling customers in Ambit Energy plans and selling Ambit Energy products.
- The Ambit Energy compensation plan rewards consultants for their sales efforts with Fast Start Bonuses, Leadership Bonuses, and Power Zone Incentives.
- he Ambit Energy opportunity is available in deregulated energy markets across the United States.
- Ambit Energy has an A+ rating from the Better Business Bureau and is accredited by the BBB.
- Ambit Energy has a strong product line, including electric and gas plans, that are competitive with other energy providers.
What we don’t like about Ambit Energy
- Ambit Energy is not a get-rich-quick scheme, and it will take hard work and dedication to succeed as an Ambit consultant.
- Ambit Energy has been the subject of several complaints and lawsuits.
- Some Ambit Energy customers have complained about hidden fees and poor customer service.
Is Ambit Energy legitimate?
Ambit Energy is a legitimate company that sells competitively priced electric and gas plans. Ambit Energy is not a pyramid scheme, but it is difficult to make money as an Ambit consultant. Ambit Energy consultants make the majority of their income from enrolling customers and building a team of consultants, rather than selling products. Ambit Energy has been the subject of several complaints and lawsuits, but the company has always settled them without admitting any wrongdoing.
If you’re considering joining Ambit Energy, we recommend doing your research and reading Ambit Energy reviews from multiple sources before making a decision. You should also be aware of the risks of joining a MLM company, such as the Ambit Energy complaints and lawsuits mentioned above.
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