Stream Review: Is It Legit or Just Another Scam?
Stream is a multi-level marketing company that offers energy plans, wireless services, virtual healthcare and more. The main focus of this company was on providing energy services earlier, but now it has expanded into other areas like virtual healthcare.
This company was earlier known as Stream Energy, but it seems that the name was changed to reflect its new direction. It has been growing well over the years, and it is a serious competitor in its niche.
This company was founded in the year 2004. The founders of this company are Rob Snyder and Pierre Koshakji. According to the Direct Selling Association, Stream was one of the top 20 member companies in the United States for the year 2017.
In this Stream review, I will take a closer look at this company and try to determine whether this is a scam or not. I recommend reading the review till the end so that you don’t miss anything important.
Product Name: Stream
Overall Rating: 6.3 out of 10
How Does Stream Work?
The compensation plan of Stream is available on their website. This is something that I appreciate because some MLM companies fail to provide their full compensation plan.
Here are the ways of earning money from the compensation plan of this company.
Personal Customer Bonuses
You can earn these bonuses by selling the services offered by this company and enrolling new customer accounts. You can earn up to $1200 in your first 120 days through these bonuses.
You are awarded customer points on pending or active Stream Service accounts that you bring into this business.
You will earn a $200 bonus and become a qualified Director when you enroll 3 personal customer points with at least one of them being outside your household. You have to do this in your first 120 days like everything else that I am going to mention for earning this bonus.
One customer point doesn’t mean one customer every time because in certain cases only half customer point is awarded.
The amazing part is that even your own Stream account may count towards this bonus. Like the $200 bonus above, you will earn a $500 bonus when you have a total of 10 personal customer points in your first 120 days.
At least, 4 points must be outside your household to earn the $500 bonus. You will earn another $500 when you enroll 15 personal customer points with at least 7 of them from outside your household.
Clearly, you can do more than half of the work for earning personal customer bonuses from within your household.
More Information About Stream
Team Customer Bonuses
Now these bonuses are based on your team or the people that you bring into this business. Once you start enrolling people to do what you do, then your team will start growing. To earn these bonuses, you need to meet certain requirements and reach any of the five leadership positions.
You can build a new leadership organization or team when you reach a rank for the first time.
These bonuses are paid when a new associate enters your team and earns any of the personal customer bonuses. They are paid in the range of $25-$100 depending on your rank.
The fact is that your team has to enroll new customers for you to earn team customer bonuses. So, you will have to keep climbing the ranks and encouraging your team to bring new customers to earn these bonuses.
Monthly Earned Income
This is another important way of earning money from the compensation plan even though it might not pay as much as the other two. Monthly earned income is paid by selling the services of the company as well as maintaining the accounts of the customers.
You can earn this income from your own customers as well as from the customers enrolled by your team.
When the customers use a certain amount of services in a month, then the monthly earned income is paid. It is paid in the range of $0.10-$2.00. Obviously, you have to meet certain requirements to earn this way.
There are incentives and other ways of earning money from the compensation plan, but I have already covered the most important ones above.
The compensation plan is very complicated, and it is only profitable when you focus on bringing in a lot of customers or associates.
How Much Does It Cost To Join?
The cost of joining in Stream isn’t mentioned on the website. But you will have to pay a one-time enrollment fee of $199 to become an associate.
This is higher than most MLM companies, but it is not the highest. You should be able to afford it easily if your financial situation is fine. You can also choose to buy the Stream Marketing System for a monthly fee of $24.95.
The costs of this system can add up quickly, so you need to be careful.
How Much Can You Earn?
Stream has published their Income Disclosure Statement for the year 2017. Now we will only take a look at two key figures to sum up the earnings that you can expect to have.
The first figure is the average income of an associate in the year 2017, which was $178.07. The second figure is the average income of an engaged associate, which was $1,139.
I don’t think that there is any need to explain the average income of an associate. It is much lower than a full-time income for one month, so it is very disappointing. The average income of an engaged associate is better, but still it is only 1/3rd of a full-time income for a month.
Following are the conditions to be an engaged associate.
- Pay the $199 enrollment fee
- Earn at least $100 through a personal customer bonus
- Enroll a customer or an associate
Engaged associates are those people who have made an honest attempt to earn money through this business. Still, their average income is disappointing. The figures speak for themselves, and I invite you to view the entire Income Disclosure Statement to look at all details.
It is clear that your chances of earning a full-time income are low even if you work hard.
Are There Any Complaints?
Yes, I have listed some complaints below.
“It is hard to maintain downline success.”
“I spent more money than I made through this company.”
In my opinion, Stream is not a scam at all. However, I would not recommend joining this company because your chances of success are really low.
You can try it if you are interested in the services of this company. I still leave the final decision in your hands. Good luck and choose wisely.
- Strong company
- High income potential
- Low average incomes
- Issues with customer service
- Cancellation issues
How Can You Earn Money Online?
It seems that you want to join in Stream because you wanted to have a new source of income. It also feels that you are eager to achieve financial freedom by investing your time, money and effort into building your own business.
But let me tell you that multilevel marketing or network marketing is not that easy. Although the earning potential is good, it requires great patience and enthusiasm in order to succeed. Plus you also have to improve your selling and recruiting skills in order to attain a better return of investment.
Now, your next question is, how can you really make money at home? My best suggestion would be through making your own online business with a support from a community.
Basically it is a modern way of making money. And this will enable you to enjoy your working time at home. Basically, you will earn commissions by just expressing your opinion and helping other people with the common concerns.
Right now, I am on my third year in this program and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the Stream, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!