Ignite Stream Energy Review

It appears that Ignite powered by Stream Energy has been around since 2004. It is a network marketing approach to energy deregulation in Texas. Is Ignite Energy cheaper? Better for the environment? Is it more reliable energy? Is it a pyramid scheme? I was presented with this opportunity since I used to live in Texas. I looked into it thoroughly and came to determine that Ignite energy is not a scam, but it was not for me.

The Company

The electriciy is only available for Texas residents so there is definitely a market cap or limit on potential. The Founder and Managing Partner is Chris Domhoff, the guy who was at the head of the Excel company when they went bankrupt in 2004 and everybody in that business venture lost a lot of money, including many of my friends. I am sure that some people are happy with Ignite powered by Stream Energy, but for these reasons alone I decided it was not for me.

The Energy

The Energy company that they use is called Stream Energy and the only way you can use it is to be a part of the network marketing company Ignite. I found that they do use some renewable energy but not near as much as most others such as the TXU main Texas energy company does. Their price per "kilowatt hour" (kWh) was not much more expensive than the average company out there. But since they are a smaller network marketing company, they could go out of business like Excel did and then you would have the hassle of trying to scramble in the "dark" to find another energy company to go with.

To compare choices of electricity companies, you can go to http://www.powertochoose.org

The Business Opportunity

I read on their site that it is $299.00 for the starting fee that is non-refundable after 3 days. There is then a $19.95 monthly web fee, just to be able to promote their business for them. This seemed a little silly to me. They have different levels that you can reach: managing director, senior director, and executive director. But their payout seemed really low. If you signup 10 people in your first 60 days, you only get $200. They have some other payouts as well, such as that you get a residual income of .50 cents per month for each customer, so you would only get $5/month.

My Conclusion

Stream Energy is not a scam and the Ignite Stream Energy does focus on a product and real customers and not just recruiting people who recruit people, and so it is not a pyramid scheme. It looks to be a valid network marketing business, but the product and the business opportunity do not really compare to the competition out there, so it did not interest me.

I found something else. In my home business that I have been working for a few years now, I enjoy $1500 matching over-rides every time my team members earn their $1500 over-rides just for sharing with two others who do the same. My success team and I enjoy working with a product that is unique, patented, and fun to share and with a company that actually pays out well enough that the average person can work from home and create a residual income within a few years that you can live on.