Is Viridian Energy a SCAM? Or Just Another Sham Opportunity
I am assuming that the main reason you are here is that someone introduced you to Viridian Energy and you want to check things out everything there is to know about this seemingly good business opportunity.
Basically, all you wanted to do is to make sure that venturing into this is worth your while, right?
Making some research about a seemingly good business opportunity first will help keep scam companies at bay. While there is a manifold of online money making opportunities, not every one of them is legitimate.
This is the reason why doing some research first is paramount not only to your success but also to your safety and security.
My review and analysis of Viridian Energy is not biased. All because I am not associated with this MLM program or any other networking company for that matter.
It is unlikely that I will protect an interest, and with that, I can honestly say that I am delivering nothing but a truthful and honest to goodness review of the Viridian energy business structure.
If you are seriously looking for ways to develop your online passive income, I suggest you consider affiliate marketing instead. I myself tried a manifold of online opportunities before, but only Wealthy Affiliate course delivered my best expectations.
Viridian Energy Summary Review
Founder: Michael Fallquis
Best For: People who are extremely well-versed in sales, especially in offering energy products and services.
Summary: Viridian Energy is yet another multi-level marketing company. In my opinion, their product offering is
Their products are good in my opinion. I am a big fan of eco-friendly products and I see it as a necessity in the future.
What is Viridian Energy?
For the clueless, the constant question they have in mind is “what is Viridian Energy about?”. Well, I guess from the name itself, we can somehow deduce that it has something to do with energy or power used in the homes and business.
Michael Fallquis founded this company in 2009. He is also the very same person who bagged the Ernst & Young Entrepreneur award in 2012. At present, Viridian Energy operates in Australia and the United States while they also have satellite offices in Norwalk, Connecticut.
Viridian Energy is employing the multi-level marketing (MLM) as its business model, so much so that they can give their independent associates the structure and the opportunity to make their own small business from their system.
The main delegation of their full-fledged independent associate is to promote the cheaper energy rates they offer. This energy is derived from, today’s standard is greener and more environment-friendly energy sources, most of which are from solar and wind power.
For this reason, the company has come up with this simple mission:
To make green energy readily available for everyone and affordable.
The latest income disclosure figures show that Viridian Energy made a whopping total revenue of $263 million for 2016. Just recently, they landed on the 59th place in the Direct Selling News’ Global 100 list.
Many states in the US have adopted an energy deregulation law of their own. This enabled the Viridian Energy team to offer cleaner and more affordable energy than any other power firm out there.
The Viridian Energy Business Model
As mentioned a while ago, the company is employing multi-level marketing as its business model. If you will take a closer look, the vast majority of MLM companies are somehow controversial in the sense that they all say qualified individuals joining their team can easily make money from their business.
This makes us all wonder if all these high claims they are making about their business offer has any truth in it or what not. Unfortunately, the only way for many people to find that out is to try out the opportunity on their own.
Often they would brag at how anyone can “easily” earn money from their system, when in fact and in reality only about 1% in their community of members are able to earn a decent amount of money. Wait until I validate this for you and show you, by using their real income statement, how low the income potential is with this company.
The Viridian Green Energy Electricity Products
Basically, the long term vision of the company is to have their energy products and services spread their reach to the global community in the coming years.
They are looking forward to that day when every household and its energy requirements would be solely produced by them.
All product offerings and services they have are all energy related.
Whenever you are contemplating on taking your chances on a seemingly good business opportunity, it is paramount to your success that you look into their product offerings first. You need to have a good grasp of what they have on offer is something you will want to market and sell. But most importantly, something that you are willing to put your name on.
Should you become an independent associate for Viridian Energy, your main function will be to persuade people to make that switch. For this now, we have to look into what Viridian Energy team can offer to consumers in as far as flexible rates and energy plans are concerned.
This option has something to do with the natural gas plan. The company is making a high claim that this option will help neutralize a household’s carbon emissions by virtue of purchasing their carbon offsets.
Clean and Simple Solar
Homeowners can avail their solar panels and have them installed to their house or building. The bottom line goal here is, by virtue of using this renewable source of energy for your home or business, you will make big savings for your energy consumption in the long term.
If you will look at it, this offer is a timely and practical solution especially now that there is a global demand for an alternative source of renewable energy.
This offer is intended for power consumers who prioritize the use of energy without putting the environment in harm’s way by making use of 20% renewable sources.
Viridian Energy, Is It Really a Cheaper Source?
When ElectricityWatch.org conducted a comparative analysis of Viridian’s energy rate to other providers, they concluded that the company is not actually offering attractive, lower energy rates and is likely to be found elsewhere instead.
Furthermore, the rates they offer are also variable. This signifies that it can change at any given time. So there is no assurance that even if your household consumed the same amount of electricity for the next three months, your monthly bills would be the same.
Given that kind of scenario, it is hardly reassuring on the side of the customer. If you will work as an independent associate for the company, you will have a hard time promoting their power services.
How to Get Started with Viridian Energy?
If you will come and visit their official website, you will see that they don’t have an enrollment fee for aspiring independent associates. But you are necessitated to provide their system a valid service address if you will want to check out their service plans.
In order to join the company, you need someone from their team to refer you to their business. It is only through the help of someone from inside their community that you will have a good chance of learning how the business really works.
Some people are finding this system confusing, and thus causing them to have this notion that the Viridian Energy business is a scam.
There is absolutely no truth in this, otherwise, the company would not be able to give real value to their client for many years now.
Anyone wanting to become a full-fledged distributor for Viridian Energy will need to cough out $20 every single month for their website. Aside from that, there is an annual renewal of your membership to their network valued at $59. And lastly, you need to avail their single state products valued at $99.
The overall cost of the products in a single state is valued at $299. It will spike to $399 if what you want is to avail it for all states. The number of power products you will make a purchase on will depend exactly on how much you want to avail and finally where you are likely to market and sell them in.
Right now, the company has established markets in Pennsylvania, New Jersey, New York, and Connecticut from 2009 to 2010.
Unlike other MLMs where distributors must hit a designated amount of sales first so they remain active, in Viridian Energy things are different. They don’t require their distributors to hit a certain sales amount but they are encouraged to work hard to reach their goals and remain motivated. The earnings of their distributors will directly depend upon their efforts.
If you are interested in getting to know the Viridian Energy compensation plan, you might want to check out the following Youtube video below.
The natural tendency of the presenter in this video is to win your approval and entice you to join their business. I am presenting this video only for educational purposes.
The company usually would pay their distributors an upfront bonus when they acquire new customers for the company. This bonus usually starts at $250. But it is unlikely that you’d cash it out as you need to join the system and undergo some procedures first.
The Ugly Truths About Viridian Energy Revealed!
Distributors are Not Given Proper Training Support
Even when people do have relevant background in sales, they would still find it difficult and challenging to sell Viridian Energy products to their prospects simply because they don’t know how they can go about it, properly.
People who will join this opportunity will try to advertise the services and the products in the way they know how -- usually by reaching out to their own circle and find possible prospects from there, which we know is kind of limited.
The main reason why people in networking companies such as Viridian Energy are not making it big time in the business is because they have a limited number of people they can market their products to.
For those who are keen to succeed in networking groups, it is best that they figure out first where their sales should come from even before they decide to embark and join the program.
Lack of Knowledge in the Nature of Business
Coming from someone with years in the MLM industry, one reason I see why the vast majority of people joining here are unable to find success is because people are choosing the wrong organization to become part of.
There are also networking companies whose very structure is instrumental why their members fail to make it big in the business. Specially for MLMs that have a very complicated opportunity, this can be overwhelming to aspiring members.
If they don’t understand the business, its nature and how it works, then how can win other people’s yes to join?
What I Do Like About Viridian Energy?
Personally, I have high hopes about Viridian Energy in terms of what they can offer (energy) and the business opportunity they have for people.
We have to admit the fact that their product offering is not just something that the world is in dire need of, green energy is also something that will help us save the future of this planet. The next hot thing we have nowadays is “how to go green” and the Viridian Energy team is ushering us to that new era of consciousness.
At least for that aspect, they help increase our level of awareness about our desperate need for sources of energy that are not likely to put the environment in harm’s way. And how, with the alternative energy solutions they have on offer, we can become part of the solution.
Is Viridian Energy a PYRAMID SCHEME?
The main reason why many people are under the notion that networking companies are the same as pyramid scheme organizations or scam is due to the fact that as you refer more people to the network, the pay structure in time will take on the appearance of a pyramid.
This does not mean to say that only the pioneer members or those who are in the top tier positions of the network are likely to reap great financial rewards. In the case of Ponzi scheme, this is exactly what happens, only people who are on the top of the pyramid rake all the money.
In multi-level marketing, anyone in the downline stands a chance to become highly successful and reap more financial rewards than his sponsor provided that he knows how to build for himself a much bigger team, way bigger when compared to the original recruit.
Additionally, in a Ponzi scheme, money is obtained from the people after giving them false hope of earning big time from the opportunity.
In a legitimate MLM opportunity like Viridian Energy, one thing that you will always see here present is the exchange of real value and money taking place.
Remember, you can’t just join a multi-level marketing organization simply because you just want to. You are required to purchase their distributor kit, starter package, or however they want to call it -- after paying their membership fee.
For as long as a business organization is generating its revenue by virtue of marketing and selling tangible products and they are not in the habit of ripping people off of their money into some kind of opportunity that doesn’t really work -- then we can never qualify that firm as having a pyramid scheme.
How I Make Money Online?
When you fully understand how the MLM business model really works, you will agree with me in saying that this particular business structure is not the best vehicle to use to reach your goal of financial wellness.
Multilevel marketing is favoring so much the company itself and it's business interests, oblivious of the fact that it also needs to promote the interest of its network members as well. So forget everything you are made to believe about MLMs.
If you are seriously looking for the best online money making opportunity, I suggest that you try affiliate marketing instead. As an individual who’s already tried both the MLM and affiliate marketing worlds, I know that I am in the position to really tell which one is the far better option.
- You don’t need to recruit to get ahead
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- No complicated compensation plans
- Commissions can get as high as 100%
- You are not required to buy starter kits
- No joining fees
- Work at your own pace
- Promote any product or brand you like to a global audience
- A chance to promote products or brand you are passionate about
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My purpose in enumerating some of the good points you get from the Wealthy Affiliate marketing opportunity is for you to get the whole picture -- the system is designed to work in your best interest.
The Wealthy Affiliate is a community of dreamers, but these people are in touch with the real world. They understand how the world works. It is made better in the sense that you kick it off with no strings attached as it gives you an option to have a free trial.
Test the system all you want in all aspects of it, discover how it works until you are fully satisfied. Decide to try it out when you are ready.
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Things would have been better for this MLM team if they created a sense of good balance between the business opportunity itself and the consumer expectation with respect to their service offering. I must admit that it is a very promising venture and would not have a hard time dominating this niche. If you should try this opportunity yourself, how would you carry yourself selling their energy services to the people you know? Please share your insight using the comment section below.