Utility Warehouse (Telecom Plus) Discussion

Adamc wrote: »

Perhaps you can answer me this: would I make the same, less or more money joining this Magic Pill 'business' as I would if I became a distributor for UW directly?

Alternatively, if I became a distributor for you, would I get the same amount of revenue per customer recruited as I would if I went to UW directly and became a distributor? Or is revenue reduced at each level of the hierarchy?

You went through UW not Magic Pill right?

Thank you for replying

Have pm'd you.

Maz wrote: »

Have pm'd you.

Bear in mind that although Maz knows the rules, he is a uw rep, and uw reps are supposed to declare their interest when posting in this thread, and are not allowed to abuse the pm system to promote their company to "prospects"!

Ok, I've done a heck of a lot of research on UW and this is what I've come up with based on commission information found online and by looking at their financial statements/balance sheet as found freely available on their site. I've tried to make this as objective as possible.

To become a distributor you pay a sign up fee, currently £100 it seems. You then also pay a monthly membership fee of I believe around £4 so you'll be paying around £48 a year to be a distributor.

Potential earnings - you can earn up to 6% on your customers bills. But bear in mind that the biggest bills will be for energy for which you'll earn more like 2% and the customers have to be"qualifying customers" which means they must be taking 4 or more services. I'm not sure if you get any commission if they only take energy or if you get a much reduced commission. I have a feeling you get none.

You will not receive any commission at all until you have 3 personal customers which isn't as easy as it sounds unless you know thousands of people or are extremely good at selling. Once you have 3 customers you must get 1 additional customer each month to get commission on any of them and this will continue until you have 20 or 50 customers (I can't remember which) at which point you will not have to introduce the monthly customer.

With regards downline, you do not earn a % but a pence per service which I believe is up to 0.16p per service maximum. This reduces the further down the downline you go.

You are able to earn good bonuses in various ways, but these are mostly related to how quickly you get customers e.g. get 12 customers in your first 90 days and get your sign up money back (this is an example and not a real bonus, you can get your money back by signing up customers in a certain amount of time but I don't know how many customers and what time scale) or how many distributors you recruit.

Earnings are capped, it's a reasonable cap I think £20,000 pa for the lowest level, after which you must have a certain number of personal customers, group customers, and also distributors at varying levels (eg. Qualified distributor, team leader, senior team leader etc).

The average earnings when you take the declared commission payout and the declared distributor numbers is roughly £500 per distributor per year. Once you take into account the distributors that earn the really big bucks, the money shared out with the rest reduces. It's something like £18 million paid out to 36,000 distributors.

In conclusion, you CAN earn money with utility warehouse if you are good at selling BUT do not expect to earn the kind of figures that people may tell you you will. This will not allow you to retire in 5 years on it's income alone. You may get a few hundred quid a month extra if you're good. There are people earning very good money with UW but as with all network marketing systems, those people are the ones that came in at the beginning.

P.S. I am not a distributor nor have I ever been. I knew someone who was and their involvement made me what to know what the deal was. All this information was found out via their website or through online searches.

P.P.S. I apologise if any of this information is wrong/out of date. Please correct me where I am wrong. As I am not a distributor I do not have access to up to date info and most UW distributors won't disclose info.

NigeWick wrote: »

Upkeep of your company web site and any advertising materials you use. One used to get some with the joining pack and then pay for what was required after that ran out. I also tried advertising in local papers and covered these costs with new customer commissions.

Once I stopped working at the business, customers slowly drifted away when they found other providers they were happier with. As I said, it took a couple of years before the payments would not cover the web site cost and I then gave up my "distributorship."

Current info is that brochures and paper applications used for signing customers are replaced to you FOC by the company. After your first year, there is a small monthly admin fee (£3 for active distributors and £4 for inactive distributors). There are loads of company approved ads that are available to download and print off.