MLM Energy Opportunity

One of the fastest growing energy opportunities in the Ambit Energy Opportunity and because of the success, many have called Ambit Energy a scam or fraud. here are sites where people seem to have been burned by Ambit Energy. But is this true? We think we have a pretty good answer.

The Ambit Energy Gold Rush – Ambit Energy Review

Ambit Energy is based in the deregulated state of Texas. It works on the traditional network marketing or multi-level marketing structure. This MLM structure is becoming very popular in the energy business, but it also does bring on some criticism because of the seedy reputations of other MLM or network marketing businesses. It also becomes a turn off when one looks deeply into Ambit energy itself and finds MLM leaders who left former or previous MLM network marketing companies on a bad note. We think this is where a lot of the scam and fraud claims come from… not directed at Ambit Energy straight, but rather directed at the senior and executive and founding Ambit consultants who have given it a bad name…anyway.. more about Ambit energy…Here is the description from their company website:

Ambit Energy was founded on April 24, 2006 at a Potbelly’s restaurant in Addison, Texas over a couple of turkey sandwiches. Introduced through a mutual friend, Jere Thompson and Chris Chambless met for lunch to discuss energy deregulation. They liked the opportunity, and they liked each other. During lunch, they made a few important decisions: to build the finest, most-respected retail energy company in the country and to never sacrifice their integrity for growth.

The work began immediately in an office space borrowed from Jere’s brother, David. A few weeks later, Jere and Chris set up their own offices in an open, renovated warehouse in the historic West End district of downtown Dallas, Texas. They bought several $19 fold-up tables to use as desks and assembled an experienced team of executives who shared their vision. The rest is history and the results have been extraordinary.

In 2008, Ambit recorded revenues of almost $200 million and nearly $325 million in 2009. In fact, as a result of our tremendous growth, Ambit Energy was named the fastest-growing privately held company in north Texas by SMU’s Caruth Institute for Entrepreneurship in their annual Dallas 100™ rankings.

Today, our existing customer relationships are managed by a well-trained, US-based Customer Care center. BlueNet™ manages all aspects of the customer life-cycle, from the utility transactions that take place between customers and transmission providers to web-based account management tools, to billing and collections.

Right now, we’re one of the fastest growing retail energy providers in every market where we operate. And all of the members of our executive team, including Jere and Chris, still sit at those $19 fold-up tables. Stop by for a visit the next time you’re in Dallas.

We find it funny that Ambit Energy execs still sit at folding tables, but the most stunning part of the Ambit Opportunity is their continuing dominance of every market they enter. The MLM opportunity seems to be working for them as friends of friends continue to grab one another and grow their businessses.

So is Ambit Energy a scam or fraud? We have found absolutely no evidence of such.  There are of course always independent consultants in any MLM business that go over the top, but that should not be a direct reflection on Ambit energy as a whole.

Their business model is NOT a scam, and is sound. Of course, success is not measured in just a few years, rather decades, so we will continue to watch and see if their super fast growth can continue as they march across the derregulated energy states.

Ambit Energy Review

This entry was posted on Sunday, April 18th, 2010 at 8:02 am and is filed under energy fraud scam. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.