Specializing in utilities and telecoms, Telecom Plus MLM (formerly Utility Warehouse in the UK) is a multi-level marketing (MLM) company. With the use of an MLM structure, the company provides a variety of necessary services, such as mobile phone contracts, landline, broadband, gas, and electricity. Telecom Plus MLM hires entrepreneurs who make income by selling these goods and services and by encouraging others to get involved with the organization as an opportunity. The company focuses on offering reduced utility services combined under one roof.
In the UK, there are currently more than 600,000 clients. Utility Warehouse (UW) is the brand under which products are offered. In the UK, there are already more than 45,000 UW Partners in operation.
Licensed by Ofgem and governed by Ofcom, this utility warehouse is traded on the London Stock Exchange. With £804.4 million in revenue, the company had a net income of £32.8 million in 2019. So it appears to be doing really well financially.
Since its founding in 1996 by Charles Wigoder, Telecom Plus MLM has expanded to become a major force in the UK utilities sector, reaching clients all throughout the nation by utilizing its network of marketers. The company’s business strategy is based on network development and word-of-mouth advertising, with distributors earning residual revenue from continued client use and recruitment activities.
Like many MLM businesses, Telecom Plus MLM has been under fire for its operational techniques and the possibility of large earnings for distributors. In order to assess whether Telecom Plus MLM is a good option for anyone looking to make money through network marketing, we’ll dive into the company’s reliability in this review by looking at its pros and cons for joining as a seller, pay structure, and information in general about this program to see if this is legit.
Is It Worth Their Price?
UW offers both residential and commercial clients a variety of utility goods. These consist of mobile, fixed-line, broadband, gas, and electricity services. The business offers service packages to entice clients by showing them how much money they could save by purchasing these packages.
The mobile offer is that you get endless minutes, messages, and data for £18 a month. That sounds great. But a small catch exists, though. The Residential Mobile Fair Usage Policy applies to the plan.
Residential Mobile Fair Usage Policy states that excessive messaging, calling, downloading, or sharing of content is not permitted when using the service. The term “excessive” is emphasized. The word “excessive” has no defined meaning. This shouldn’t be an issue if you are an average user.
That being said, the price is the subject at hand. A recurring 30-day plan is the basis for this cost. It’s probably not a huge deal, to reiterate. Whether your phone has been unlocked is one item to think about. Transferring will be challenging if it’s restricted to a certain network. Whether you can switch before your agreement expires will depend on the network you have as well as the plan.
The Opportunity
Telecom Plus MLM gives its resellers the chance to make money via a variety of channels, such as direct sales of necessities including gas, electricity, internet service, and cell phone subscriptions. Marketers can profit from the sales that their downline recruits create and the residual income channels that arise from their clients’ continued use of their services. For instance, a distributor can profit from royalties from sales generated by their recruiters and their trainees’ recruits in addition to their own sales if they are successful in finding and training several members of their team.
As the distributor’s system grows, the Telecom Plus MLM offers the possibility of earnings growth that is exponential. Furthermore, Telecom Plus MLM frequently offers bonuses, vacations, and other rewards for reaching specific sales goals or achievements, which encourages distributors to expand their businesses.
As a new distributor, you will be provided with a trainer who will help you with the sales process. You will then be required to help people transition their utility services to UW. With the training, you will be getting team support, CRM, marketing, and team building tools and materials to help you gain ground and become a distributor.
What is The Price to Join Telecom Plus MLM?
To become a member of Telecom Plus, you must pay $100 euros, or $108.87 US. You will have a 90-day money-back guarantee if you decide to cancel your membership as a distributor. It costs just £50, or $54.43 USD, to become a member if you are currently a UW subscriber. You will receive the same money back if you enroll in UW’s services after joining.
During the initial year, there are no charges. A £3–£4 or 3.27–4.35 USD monthly license fee will be deducted by UW from your commissions following the first annual term.
Don’t forget that you may have other expenses, such as internet and phone, that are not reimbursable.
Can You Really Earn Money With This Opportunity?
You can earn money with this opportunity from the clients with whom you register for utility services. In addition to a monthly commission, you’ll get paid a commission on the services the consumer purchases. Additionally, you profit from the hiring of new sellers. You will be paid a small amount of the money that clients you refer bring in additional business.
Pros To Becoming a Distributor
- They are flexible with your personal schedule. You can work a full-time job and take advantage of this opportunity for part-time income.
- You will receive residual profit that is equivalent to a portion of a client’s monthly charge.
- You will be paid between £250 and £300, or $272.00 and $489.10 in United States money, every month for every new client you recommend. As more people enroll in several services, these numbers climb.
Cons To Becoming a Distributor
- A thorough study by The Guardian found that the typical weekly income of its distributors falls short of £10, or $10.89 USD. Only a handful of distributors were able to support themselves in their daily lives.
- It appears to not have discounts for their distributors.
- Due to excessive charges to their clients on their energy bills, UW was forced to shell out £650,000 or $707,720.00 USD.
- They have a slow response to handling customer complaints and solving issues.
Is Telecom Plus MLM a Legitimate Opportunity?
Telecom Plus MLM appears to be a legitimate opportunity for their products and services. However, they seem to be holding back some information. Like many multi-level marketing businesses, the organization depends solely on advertisement via word-of-mouth. Marketers “may establish true financial stability for both themselves and their households by using their leisure time to enroll new partners and promote our income opportunity. However, there’s no obvious way for new sellers to make this possible.
Conclusion
A number of variables, such as Telecom Plus MLM’s pay structure, the sustainability of its goods, and the overall experiences of its distributors, will determine whether or not it is a genuine opportunity. There are worries over the sustainability of Telecom Plus MLM’s MLM structure and the pressure to hit sales targets, even if the company offers the chance for individuals to make money through direct sales and creating their own sales teams. Before making a choice, prospective distributors should thoroughly assess the possibility, taking into account both the dangers and the potential profits.
It’s usually a smart idea to skip out on a prospective income opportunity when circumstances are this hazy. The goods appear to be of good quality. Regarding compensating resellers, the information gap is the issue. When details are so hazy, there’s typically a good justification for it. Your earning potential is unknown to you until you register as a participant.
If you are in doubt about the potential to earn income with TCP MLM and are looking for a more potential and steady income opportunity, Wealthy Affiliate is a really good alternative for anyone looking for a long-term and easy way to earn income online as an affiliate marketer. For those wishing to use affiliate marketing to create profitable online companies, Wealthy Affiliate is a platform that provides extensive training and assistance.
Moreover, a supportive network of like-minded businesspeople, live webinars, website-building tools, and step-by-step training are all available to all members of Wealthy Affiliate. A person may promote products and solutions from other businesses through affiliate campaigns and get paid for each sale that comes from their affiliate links. This strategy makes WA a great substitute for conventional multilevel marketing opportunities like Telecom Plus since it provides versatility, adaptability, and the strong possibility of passive income.
“Here’s a little transparency: Our website contains affiliate links. This means if you click and make a purchase, we may receive a small commission. Don’t worry, there’s no extra cost to you. It’s a simple way you can support our mission to bring you quality content.”