I used to be just lately contacted by a member of Powur’s government crew
Because the inception of Powur, our enterprise mannequin has advanced fairly a bit, and particularly because you wrote that weblog put up.
At the moment second, the knowledge in that article is considerably outdated.
We kindly request that you simply take away that overview put up, because of the inaccurate statements it gives.
The communication refers to BehindMLM’s authentic Powur overview, revealed October 2015.
According to BehindMLM’s coverage of updating somewhat than eradicating, at present we’re revisiting Powur for an up to date overview.
The Firm
Powur’s said firm mission is to “grow to be the most important clear vitality platform on planet earth.”
The corporate continues to be headed up by founder and CEO, Jonathan Budd (proper).
When our founder, Jonathan Budd was 26 years previous, he went to the Amazon rainforest, as a result of he wished to vary his life and discover a profession that had that means and objective, to essentially do one thing completely different.
After his eye-opening rainforest expertise, Jonathan got here again and determined to dedicate his life to photo voltaic vitality and sustainable vitality.
Budd’s MLM historical past was coated in our authentic Powur overview.
Powur’s Merchandise
Again in 2015 Powur was providing photo voltaic panel installations via SolarCity.
SolarCity was purchased by Tesla in 2016 for $2.6 billion. On the time the corporate was $1.5 billion {dollars} in debt.
Tesla rebranded SolarCity to Tesla Power. The brand new title noticed the corporate shift focus to “initiatives with greater margins”.
Tesla Power now not gives a lease program like SolarCity.
I couldn’t discover any info on Powur’s web site about who now gives their photo voltaic installations and gear.
I discovered this odd, seeing as beforehand SolarCity was entrance and middle in Powur’s advertising and marketing.
Seeing as I’d been invited to achieve out with any questions, I put the query of who they have been working with to Powur.
We don’t work with Tesla.
We work with licensed, subcontract installers within the markets we serve, just like different massive nationwide photo voltaic corporations like Sunrun.
We overview, handle, and monitor our subcontractors intently as we’re the prime contractor.
We’re a nationwide photo voltaic firm, with 1000’s of energetic initiatives and finishing set up of 20+ residential methods each working day.
Pricing for a Powur photo voltaic set up is quoted on a per software foundation.
Powur’s Compensation Plan
Powur’s compensation plan combines an attention-grabbing Mentor Program with residual unilevel crew commissions.
Inventory choices are additionally out there via performance-based Fairness Bonuses.
Mentor Program
New Powur associates share commissions on their first three installs with a “mentor”.
To qualify as a mentor, a Powur affiliate should
- have offered 5 photo voltaic installations;
- have been energetic for 90 days;
- be promoting at the least one photo voltaic set up mission per 30 days.
New Powur associates are assigned to mentors. How they’re assigned isn’t disclosed.
Every new Powur affiliate shares 50% of their first three photo voltaic set up commissions with their assigned mentor.
Word that if a recruited Powur affiliate already has “over 1 12 months of gross sales expertise in a earlier firm”, they solely should share one photo voltaic set up fee.
Photo voltaic Set up Web Income Commissions
Powur associates earn 70% of the web income generated on the price of items for every photo voltaic set up they promote.
Word that Powur collects a minimal $1500 web income fee on every set up.
To obtain the minimal 70% fee, a Powur affiliate should thus promote an set up that generates at the least $5000 in value of products web income.
If web income on an set up is lower than $5000, Powur retains $1500 and the affiliate will get what’s left.
Residual Commissions
Powur calculates residual commissions as a share of the 30% value of products set up fee they gather.
Powur pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned immediately below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Powur caps unilevel crew ranges at six.
Residual commissions are paid out as a share of Powur’s 30% web income fee throughout these six ranges based mostly on recruitment:
- recruit and keep one affiliate = 20% on stage 1 (personally recruited associates)
- recruit and keep 5 associates = 20% on stage 1 and 10% on stage 2
- recruit and keep ten associates = 20% on stage 1, 10% on stage 2 and 5% on stage 3
- recruit and keep twenty associates = 20% on stage 1, 10% on stage 2 and 5% on ranges 3 and 4
- recruit and keep thirty associates = 20% on stage 1, 10% on stage 2 and 5% on ranges 3 to five
- recruit and keep forty associates = 20% on stage 1, 10% on stage 2 and 5% on ranges 3 to six
Once more the above percentages are a share of Powur’s collected 30% web income fee.
E.g. you recruit an affiliate who generates a sale. Powur collects their 30% and, if certified, you earn 20% of that collected 30% (the sale was generated in your stage 1).
Word to rely in direction of residual fee qualification, recruited associates should
- keep one set up sale each 6 months; or
- promote three installations as a Powur mentor each six months (see “Mentor Program” above for particulars).
Fairness Bonuses
Powur bluntly states its associates “can grow to be shareholders”.
To that finish Powur gives the next inventory choices:
- 25 choices rewarded for an associates first set up
- 13 choices rewarded every time a personally recruited affiliate sells an set up
There are additionally “yearly efficiency aim” inventory choices provided:
- 250 choices if a Powur affiliate generates 25 installs in a 12 months
- 1250 choices if a Powur affiliate generates 50 installs in a 12 months
Yearly efficiency aim inventory choices qualification resets yearly.
Becoming a member of Powur
Powur affiliate membership is free.
Conclusion
The primary thrust behind requesting an up to date overview was Powur having “a very completely different enterprise mannequin” from our 2015 overview.
That I can affirm. Powur’s 2021 providing is way more streamlined with respect to the MLM facet of the enterprise.
The corporate appears to have come into its personal as nicely, having moved on from piggybacking off of SolarCity.
Powur’s MLM compensation plan is tied to the sale of photo voltaic installations. There’s nothing else in it and that’s the best way it needs to be.
Associates can earn off a self-install however to fulfill residual fee qualification, they’re going to should promote an set up each six months.
This set up could possibly be a recruited affiliate however given residence possession is widespread, I don’t suppose that is essentially a priority.
That stated Powur might simply specify that the residual fee qualification applies to retail installations solely. That may plug any gray space inside the plan.
For associates that wish to max out the compensation plan, we’ve the attention-grabbing mentor program.
Powur Mentors should be promoting three installations each six months to qualify for residual commissions. To take part within the Mentor Program that will increase to 1 sale a month.
I determine the potential of getting lumped with a mentor that doesn’t really assistance is low, seeing as they themselves are required to make gross sales to qualify.
Whether or not a brand new Powur affiliate feels they’re unfairly passing up half of their first three commissions is subjective.
There are three gross sales for a Mentor to show their price although so averaging out, the Mentor Program ought to work as supposed.
It’s additionally a bonus to sit up for if an affiliate finds promoting photo voltaic installations is an efficient match.
One other attention-grabbing side to Powur is its shareholder fairness scheme.
Powur Consultants can grow to be shareholders.
Powur has raised thousands and thousands in funding capital to construct a greater mannequin for the photo voltaic trade, and we plan to take the corporate public.
We consider each member of the corporate ought to have the power to earn within the upside they assist create, which is why we launched an trade first personal fairness program.
Usually after we see this in MLM it a case of securities fraud. Powur nevertheless is registered with the SEC and seems to be updated with their filings.
Nonetheless for those who’re an affiliate seeking to purchase choices, I’d advise having a lawyer go over the supply first to substantiate regulatory necessities have been met.
Taking a step again and taking a look at Powur as a complete, one of many advertising and marketing claims put forth to me was;
We’re the fastest-growing nationwide photo voltaic firm within the US, with over $100M in income final 12 months.
Courtesy of Powur’s SEC registration, an annual report filed in June 2020 reveals Powur’s precise income for 2020 was $8,419,929.
That’s not “over $100M” nevertheless it’s a major enhance on $2.3 million generated the 12 months prior.
Sadly as soon as enterprise bills have been factored in, Powur generated a web lack of $229,515 for the 2020 reporting interval.
Issues are trying promising although, as that’s an enchancment over 2019’s $664,269 web loss.
As a possible Powur affiliate, enchancment is what you wish to see and that definitely appears to be the case.
From a advertising and marketing perspective Powur does an important job of fleshing out their enterprise by way of a number of movies.
These may be discovered on Powur’s web site below the FAQ part.
In a single video, “Powur’s Mission”, Jonathan Budd goes over Powur’s dedication to its carbon offset program.
This program spans the corporate, its workers in addition to the manufacturing course of.
Each single month we spend 1000’s and 1000’s, tens of 1000’s of {dollars}, supporting these initiatives and initiatives everywhere in the world.
I believed that was a pleasant contact and a great way to emphasise Powur’s underlying focus.
To make certain, promoting photo voltaic panels isn’t going to be for everybody. It’s a aggressive house and also you’re going up in opposition to some fairly massive corporations.
One factor I dread about reviewing vitality associated MLM corporations is compensation is difficult to a fault. By focusing simply on installations, Powur avoids this hurdle.
Associates promoting installations is much better match than making an attempt to know the complexities of vitality distribution and potential financial savings.
Personally I feel one of the best ways to strategy Powur would to be as a house proprietor. Undergo the set up course of your self and achieve that information.
Alternatively you’ll be able to be sure to’re as intently concerned as you may be together with your first buyer. This is perhaps extra time consuming than later gross sales however ought to set you up with a stable basis.
Even higher, for those who’re assigned an energetic mentor – be taught as a lot as you’ll be able to from their private expertise. That’s in spite of everything a part of the mentor expertise.
Good luck!