I used to be not too long ago contacted by a member of Powur’s govt crew

Because the inception of Powur, our enterprise mannequin has developed fairly a bit, and particularly because you wrote that weblog publish.

At present second, the knowledge in that article is considerably outdated.

We kindly request that you simply take away that evaluate publish, as a result of inaccurate statements it supplies.

The communication refers to BehindMLM’s unique Powur evaluate, revealed October 2015.

Consistent with BehindMLM’s coverage of updating slightly than eradicating, right this moment we’re revisiting Powur for an up to date evaluate.

The Firm

Powur’s said firm mission is to “develop into the biggest clear vitality platform on planet earth.”

The corporate remains 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 goal, to actually do one thing totally 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 lined in our unique Powur evaluate.

Powur’s Merchandise

Again in 2015 Powur was providing photo voltaic panel installations by means of 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 “tasks with larger margins”.

Tesla Power now not provides a lease program like SolarCity.

I couldn’t discover any info on Powur’s web site about who now supplies their photo voltaic installations and gear.

I discovered this odd, seeing as beforehand SolarCity was entrance and heart in Powur’s advertising.

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 giant nationwide photo voltaic corporations like Sunrun.

We evaluate, handle, and monitor our subcontractors carefully as we’re the prime contractor.

We’re a nationwide photo voltaic firm, with hundreds of energetic tasks and finishing set up of 20+ residential methods each working day.

Pricing for a Powur photo voltaic set up is quoted on a per utility foundation.

Powur’s Compensation Plan

Powur’s compensation plan combines an fascinating Mentor Program with residual unilevel crew commissions.

Inventory choices are additionally out there by means of 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

1. have offered 5 photo voltaic installations;
2. have been energetic for 90 days;
3. be promoting a minimum of one photo voltaic set up undertaking per 30 days.

New Powur associates are assigned to mentors. How they’re assigned shouldn’t be disclosed.

Every new Powur affiliate shares 50% of their first three photo voltaic set up commissions with their assigned mentor.

Observe that if a recruited Powur affiliate already has “over 1 12 months of gross sales expertise in a earlier firm”, they solely need to share one photo voltaic set up fee.

Photo voltaic Set up Web Income Commissions

Powur associates earn 70% of the online income generated on the price of items for every photo voltaic set up they promote.

Observe that Powur collects a minimal $1500 internet income fee on every set up.

To obtain the minimal 70% fee, a Powur affiliate should thus promote an set up that generates a minimum of $5000 in price of products internet income.

If internet 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% price of products set up fee they accumulate.

Powur pays residual commissions through a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (degree 1):

If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.

If any degree 2 associates recruit new associates, they’re positioned on degree 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% internet income fee throughout these six ranges based mostly on recruitment:

• recruit and preserve one affiliate = 20% on degree 1 (personally recruited associates)
• recruit and preserve 5 associates = 20% on degree 1 and 10% on degree 2
• recruit and preserve ten associates = 20% on degree 1, 10% on degree 2 and 5% on degree 3
• recruit and preserve twenty associates = 20% on degree 1, 10% on degree 2 and 5% on ranges 3 and 4
• recruit and preserve thirty associates = 20% on degree 1, 10% on degree 2 and 5% on ranges 3 to five
• recruit and preserve forty associates = 20% on degree 1, 10% on degree 2 and 5% on ranges 3 to six

Once more the above percentages are a share of Powur’s collected 30% internet 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 degree 1).

Observe to rely in the direction of residual fee qualification, recruited associates should

1. preserve one set up sale each 6 months; or
2. promote three installations as a Powur mentor each six months (see “Mentor Program” above for particulars).

Fairness Bonuses

Powur bluntly states its associates “can develop into shareholders”.

To that finish Powur provides 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 purpose” inventory choices supplied:

1. 250 choices if a Powur affiliate generates 25 installs in a 12 months
2. 1250 choices if a Powur affiliate generates 50 installs in a 12 months

Yearly efficiency purpose 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 evaluate was Powur having “a totally totally different enterprise mannequin” from our 2015 evaluate.

That I can verify. Powur’s 2021 providing is far 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 need to 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 assume that is essentially a priority.

That stated Powur might simply specify that the residual fee qualification applies to retail installations solely. That might plug any gray space throughout the plan.

For associates that need to max out the compensation plan, now we have the fascinating 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 at least one sale a month.

I determine the potential of getting lumped with a mentor that doesn’t truly 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 fascinating facet to Powur is its shareholder fairness scheme.

Powur Consultants can develop into shareholders.

Powur has raised tens of millions in funding capital to construct a greater mannequin for the photo voltaic business, 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 business first personal fairness program.

Usually once we see this in MLM it a case of securities fraud. Powur nonetheless 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 provide first to verify regulatory necessities have been met.

Taking a step again and taking a look at Powur as a complete, one of many advertising 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” however it’s a major improve on $2.3 million generated the 12 months prior.

Sadly as soon as enterprise bills have been factored in, Powur generated a internet lack of $229,515 for the 2020 reporting interval.

Issues are wanting promising although, as that’s an enchancment over 2019’s $664,269 internet loss.

As a possible Powur affiliate, enchancment is what you need to see and that definitely appears to be the case.

From a advertising perspective Powur does an awesome job of fleshing out their enterprise through a number of movies.

These will be discovered on Powur’s web site underneath 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 staff in addition to the manufacturing course of.

Each single month we spend hundreds and hundreds, tens of hundreds of {dollars}, supporting these tasks and initiatives everywhere in the world.

I assumed that was a pleasant contact and a great way to emphasise Powur’s underlying focus.

To make sure, promoting photo voltaic panels isn’t going to be for everybody. It’s a aggressive house and also you’re going up towards some fairly large 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 attempting to grasp the complexities of vitality distribution and potential financial savings.

Personally I feel one of the simplest ways to method Powur would to be as a house proprietor. Undergo the set up course of your self and acquire that data.

Alternatively you’ll be able to be sure to’re as carefully concerned as you will be together with your first buyer. This is perhaps extra time consuming than later gross sales however ought to set you up with a strong basis.

Even higher, for those who’re assigned an energetic mentor – study as a lot as you’ll be able to from their private expertise. That’s in any case a part of the mentor expertise.

Good luck!