Utility Warehouse (Telecom Plus) Discussion

Plushchris

1973safc wrote: »

And I am telling you to prove it.

How can you prove a negative?

tim1972_2

kippen_noedel wrote: »

Do UW salespeople also sell mortgages and give financial advice ?
If yes, are they tied agents or Independents ?
If not, I am curious why you use those terms ?

Hi. What ColinAllCars refers to is the fact that alot of FSA regulated mortgage brokers (like myself) & IFA's also utilise UWDC as an add-on to their main business. In my role as a Independent mortgage broker I do a full fact find which also encompasses an income & expenditure breakdown (breaking down ALL household bills). Once you get an idea of the clients outgoings, you can see where to save them money, i.e life assurance, utilities etc.

Just to clarify, someone who only sells UWDC - UNLESS they are regulated by the FSA for the appropriate permissions, are NOT permitted to sell residential mortgages in any shape or form.

I hope this helps & explains things a little clearer.

Cardew

kippen_noedel wrote: »

Do UW salespeople also sell mortgages and give financial advice ?
If yes, are they tied agents or Independents ?
If not, I am curious why you use those terms ?

The BNI is a organization for Networking salesmen.

To join you should not be a part time salesman from what I understand.

However as you pay a fee to join, I suspect they turn a blind eye to that rule for UW salesmen - after all with 33,000+ UW salesmen who can blame them.

tim1972_2

Cardew, i am in BNI as a self employed mortgage broker. I would keep the UWDC quiet from the UWDC member all ready in situ (infact there are all ready 3 other distributors in our BNI).

But i see your point, our UWDC is a vet also!! BNI requirements are that the profession you join under MUST be your primary full time job, not part time employess/2nd jobbers allowed.

billsavings

Plushchris wrote: »

Bare in mind whoever it was that approached you about becoming a distributer will be getting something for getting you to sign up too.

Are you sure about this ?

I ask because thats illegal,it makes it true pyramid selling.

kippen_noedel

billsavings wrote: »

Are you sure about this ?

I ask because thats illegal,it makes it true pyramid selling.

Technically it's not pyramid selling. Essentially in pyramid schemes, each level of "distributor" adds on their share of the revenue and passes it on to the customer.

UW get around this by adding on all the "shares/cuts" up front, hence the reason why their gas and electricity prices are normally much higher than other dual fuel schemes.

Cardew

billsavings wrote: »

Are you sure about this ?

I ask because thats illegal,it makes it true pyramid selling.

I thought that UW were a Multi Level Marketing(MLM) organisation - which makes them legal.

http://www.skeptics.org.uk/article.php?dir=articles&article=is_multi_level_marketing_pyramid_selling.php

I would emphasise 'thought' that this was their sales method.

What I cannot understand is how all of the levels of salesmen get a 'cut' . It seems there is, in theory, no limit to the number of levels. Salesman A recruits 3 salesmen and gets a 'cut' of their commision, these 3 each recruit, say 3 further salesman. So does salesmen A get commission from all 12 salesmen?

billsavings

kippen_noedel wrote: »

Technically it's not pyramid selling. Essentially in pyramid schemes, each level of "distributor" adds on their share of the revenue and passes it on to the customer.

UW get around this by adding on all the "shares/cuts" up front, hence the reason why their gas and electricity prices are normally much higher than other dual fuel schemes.

PlusChris said they will get something for signing someone up. If i recall correctly UW distributors have said they dont get anything just for signing someone up,only if the new person makes sales.If they did get payments to just sign people it would be illegal.

Your find the UK Pyramid Selling Regulations bar companies from offering payments or rewards based upon matters other then retail sales.

They say here https://www.utilitywarehouse.co.uk/biz/earn.taf

"Every time your customers make a phone call, switch on a light, turn on the heating, or surf the net... you could be getting paid.
And you don't just earn money from your personal customers. As an ID you can introduce other Distributors to this business and earn commission on what their customers spend too."

No suggestion they get something for just signing someone up.

billsavings

Cardew wrote: »

I cannot understand is how all of the levels of salesmen get a 'cut' . It seems there is, in theory, no limit to the number of levels. Salesman A recruits 3 salesmen and gets a 'cut' of their commision, these 3 each recruit, say 3 further salesman. So does salesmen A get commission from all 12 salesmen?

https://www.utilitywarehouse.co.uk/biz/infinity.taf

Cardew

billsavings wrote: »

https://www.utilitywarehouse.co.uk/biz/infinity.taf

This is what rather puzzles me.

If I am a level 1 salesman - I sell services to a customer at the standard UW price and get my commission.

I recruit level 2 salesmen and they sell at the standard UW price, so they get commission from their sales, but so do I.

They recruit level 3 salesmen, who sell at the standard UW price, but now 3 people are getting commission for every customer signed up.

This pyramid continues to level 99 where level 99 salesman sells at the standard UW price, but now there are 99 salesmen at the various levels getting commission.

given the customers of the Level 1 salesman and the level 99 salesman pay the same price(albeit a high price!) how is the commission divided up between the various levels of salesmen?