Stream Energy is a provider of energy, wireless, protective and home services. Stream has energy services in seven states, including Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland and Illinois, as well as Washington D.C. All other services are available nationwide. Stream Energy uses multi-level marketing as its primary sales channel.
Video Stream Energy
History
Stream was founded in 2005 by Rob Snyder and Pierre Koshakji. The company first offered energy services in Texas following the deregulation of the Texas electricity market. The company expanded to Georgia in 2008, followed by the Northeast in 2010. Stream sells electric and gas services in seven states and Washington, D.C. In 2015, Stream also began offering mobile phone service, Stream Wireless.
Stream moved its headquarters from the Infomart building on Stemmons Freeway to the Tollway Center office building on Dallas Parkway in North Dallas in May 2017.
Maps Stream Energy
Multi-level marketing
In 2014, Stream merged its separately-branded multi-level marketing arm, Ignite, into the Stream brand. Using the multi-level marketing model, Stream associates can earn commissions either from selling to customers or recruiting new sales associates, after they gather a required minimum number of energy customers. Local meetings known as "Business Presentations" are held to promote the concept. Sales associates also maintain internet-based "homesites" that serve as informational web forums for recruits.
In 2010, the sign-up cost in Georgia was $300, with a $25 monthly fee to maintain a website. Associates typically received between $0.50 and $3 a month for each customer they recruited.
According to Stream Energy's income disclosure statement, among sales associates who maintained their position qualifications throughout calendar year 2013 and earned at least one commission or bonus payment (representing 84.5% of all sales associates), the average annual income was $686.90; for the majority (81.9%) of those associates, the average annual income was $117.12.
References
External links
- Official website
Source of article : Wikipedia
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