Ambit Energy Review - Is It Worth Your Energy?

Ambit Energy - The Story Ambit Energy was founded in early 2006 at a Potbelly's restaurant in Addison, Texas. Today they are located in Dallas, Texas. The founders, Jere Thompson and Chris Chambless saw the opportunity in energy deregulation and decided to started Ambit to provide affordable electricity and gas and a home base business opportunity.rnAmbit - Moving Fast rnIn 2006, Ambit Energy's first fiscal year, it made about $1.6 million. In 2008, Ambit recorded revenues of almost $200 million and nearly $325 million in 2009. This year, the company is shooting for $400 million in revenue and hopes to increase customers from 350,000 to 400,000. Ambit is currently providing affordable energy in Texas, New York, Illinois, Pennsylvania, and Maryland. Ambit - The Awards Ambit was named the fastest-growing privately held company in north Texas by SMU's Caruth Institute for Entrepreneurship in their annual Dallas 100 rankings.rnIn 2010, for the second year in a row, Ambit was ranked #1 on the SMU/Cox Dallas 100 and among the Top 100 Places to Work by the Dallas Morning News. Ambit Energy was also named "America's Fastest-Growing Private Company" by Inc. magazine, which placed Ambit on top of the publication's renowned "Inc. 500" list. Ambit - The Comp Plan The following information was gleaned from "The Ambit Marketing Compensation Plan". Ambit has two entry levels, Sales Consultant with an initial refundable fee of $199, and Marketing Consultant with an initial one time fee of $399. The main difference is the Sales Consultant pays for use of the optional Support and Services Program and a Sales Consultant's up-line will not get credit for customers. Ambit has the following designations: Marketing Consultant (MC),Regional Consultant (RC), Senior Consultant (SC), Executive Consultant (EC), and National Consultant (NC). As with most MLM compensation plans each of the above levels are built upon obtaining certain numbers of customers, recruiting sharp people into the Ambit Energy business, and helping to develop and grow those businesses. Ambit has four types of income streams: Fast Start Money - Jump Start Program 1-6 This pays the Consultant up to $400 for gathering at least 30 customers within 12 weeks of signing up. The six programs pay $100,$100,$50,$50,$50, and $50 for obtaining certain numbers of customers within certain time frames. Team Builder Bonus $100 for each personally sponsored Consultant that secures 4 customers within 4 weeks of signup. Residual Income Ambit's Residual Income plan is somewhat involved, too much for this quick overview (this is not a bad thing). There are different Residual Income plans for some of the states they operate in. But to give you a glimpse of some of the factors involved, the number of customers a Consultant has will qualify them for eligibility to receive income down to six levels of their organization (20 customers gets you all six levels). Ambit also increases the payout based on the customers energy consumption. Leadership Income Ambit Energy has two plans here as well. These payouts begin to kick in at the Regional Consultant (RC) level.rnConsultant Leadership Bonus is based on new consultants joining your organization and enrolling 4 customers within 4 weeks. The payouts: RC - $55 and $55 for each in Unlimited Downline LevelsrnSC - +$80 and $135 for each in Unlimited Downline LevelsrnEC - +$40 and $175 for each in Unlimited Downline LevelsrnNC - +$15 and $190 for each in Unlimited Downline Levels Customer Residual Bonus is based on qualified customers within your organization. These figures are for New York and Illinois, Texas is higher with a $2.00 payout at the NC level. RC - +.25 and.25 for each in Unlimited Downline LevelsrnSC - +.25 and.50 for each in Unlimited Downline LevelsrnEC - +.25 and.75 for each in Unlimited Downline LevelsrnNC - +.25 and 1.00 for each in Unlimited Downline Levels Ambit and You Ambit Energy is a viable growing Energy company. Because it uses a MLM model to get customers does not make it a scam, far from it. Ambit Energy utilizes what is known as a "coded" compensation plan which was most historically proven out with Excel Communications back in the 90′s. Ambit's version of this coded compensation plan pays energy residuals based on customer usage through 6 generations. Leadership bonuses are also paid out as customers are gathered by new consultants. From a legal perspective the compensation plan must pay out based on the movement of products and/or services, not on recruiting, because no commissions or bonuses are paid out unless customers are gathered.