Utility Warehouse (Telecom Plus) Discussion

Darrendavies

chanz4 wrote: »

Just to add, UW is a pyrimid sale. Prices aint that good and about time it was shut down.

I'm just curious, what do you mean by a pyramid sale?

penrhyn

A pyramid scheme involves promising agents payments, mainly by enrolling other people into the scheme, rather than providing any real product. These are illegal in many countries.

MillicentBystander

So, what's a PYRIMID sale? I can't find anything online....

Darrendavies

penrhyn wrote: »

A pyramid scheme involves promising agents payments, mainly by enrolling other people into the scheme, rather than providing any real product. These are illegal in many countries.


So as a FTSE 250 uk based plc, regulated by ofcom and ofgem, working in partnership with many high street retailers, with over 415,000 homes and business using their services, this would mean that UW (telecom Plus) wouldn't fall into the category of an illegal pyramid scheme.

chanz4

not ilegal but it is the type of model setup

NigeWick

chanz4 wrote: »

not ilegal but it is the type of model setup

As is virtually any company you would care to name. There are those few at the top and a large base at the bottom, a pyramid. Richard Branson sits at the top of his pyramid. Utility Warehouse sells electricity, gas, mobile and landline telephony, broadband and 0800 numbers. The distributors get pad for gathering customers and not more distributors. By signing up new distributors, they get a small cut of what their customers spend.

MillicentBystander

If you are looking for the archetypical pyramid payment scheme look no further than the state pension.

http://blog.moneysavingexpert.com/2009/03/27/is-the-state-pension-a-ponzi-scheme/

jigsaw1234

I have a meeting with a utility warehouse rep tomorrow with the view of me signing up. From what ive read about the company they seem pretty good Im clued up on MLM companies as im currently doing kleeneze. just wondering is any one currently a rep with UW and is it worth my £100 investment?

Horace

I was a member of UW for a month and ditched them because they did not deliver what was promised. I was caught on a bad day and felt coerced into signing up to have my utilities with them. I have now switched back to my current provider who are in fact cheaper than UW.

I see loads of UW reps when I attend business networking events and to be honest they are quite hard sell and make a nuisance of themselves.

NigeWick

jigsaw1234 wrote: »

is it worth my £100 investment?

Only you will be able to answer that as it is a subjective thing. Put the effort in and it will be worthwhile. Don't do the work and it will be a waste of money. I put the effort in for a while and the benefits (although small) kept rolling in for years after I stopped as a number of the customers I signed up were "sticky". Eventually all the money dried up and I stopped being a distributor.

If you are already doing one MLM, I would not sign up to a second.