TELECOM PLUS MLM COMPANY
Telecom Plus is a multi-utility supply chain that operates as a Multi-Level Marketing Company established in 1996. Charles Wigoder founded the company, and it is based in the United Kingdom. They mainly focus on supplying gas, electricity, landline, broadband, and mobile services to residences and business sectors. Telecom Plus is included in the London Stock Exchange list and is a constituent of the FTSE 250 Index. The first product launched in 1997, a routing gadget called ‘Smart Box’ plugs into a phone socket and then routes the calls into alternative networks for a small cost.
Before we go into more detail, let me brief you about the Multi-Level Marketing Business.
MULTI-LEVEL MARKETING BUSINESS: EXPLAINED
MLM is a business model that involves a group of non-salaried salespeople who sell products directly to consumers and earn a percentage of bonus from the sales. Multi-Level Marketing may also be referred to as Network Marketing and Direct Selling Business. Multi-Level Marketing companies use people instead of retail outlets to sell their products to consumers. This will be the responsibility for selling into the hands of independent distributor networks. Under the MLM model, distributors are not employees of the company.
These distributors are also paid a percentage of the sales made by their recruits. Recruits become the ‘Downline,’ and they are encouraged to do the same. Most of the MLM schemes are legal, but there are illegal schemes that are run as Pyramid Schemes. Let’s now dive into the History of Telecom Plus.
HISTORY OF TELECOM PLUS MLM COMPANY
Telecom Plus is an FTSE 250 (Financial Times Stock Exchange) company that established Utility Warehouse (UW) in 2002 as a subsidiary brand to encompass all of its residential energy, telephony, and broadband offerings. The Utility Warehouse headquarters is in North London, United Kingdom. In 2006, Telecom Plus agreed with N-Power, under which N-Power would supply gas and electricity to customers. Telecom Plus sold its two subsidiaries (Electricity plus & Gas Plus) to N-Power. However, N-Power sold back the two former Telecom Plus subsidiaries in 2013. As a result, Telecom Plus became one of the largest energy suppliers in the UK.
The company has no shops and does not advertise on television or in the national press. They use word-of-mouth as a primary means of promotion and offer recruiting bonuses to distributors who recruit new members. This Network Marketing Company currently handles over 729,000+ customers with the help of over 45,000+ independent distributors. The company will own a revenue of nearly 2.3 million in 2021. Let’s look into the business model of Telecom plus MLM.
TELECOM PLUS MLM COMPANY BUSINESS MODEL
The Telecom plus MLM Business works to provide services to grow the business as well as help its members achieve their goals. This organization was established in 1996 and headquartered in London, United Kingdom. The company encourages friends and family to switch to Telecom Plus and experience their services. Telecom Plus provides a fair long-term pricing proposition, so consumers don’t have to worry about the competitive utility pricing each year.
The genuine service proposition of Telecom MLM Company, combined with its highly efficient market skills, makes them one of the leading establishments in the market.
Telecom Plus offers its representatives a highly flexible opportunity to make money by working from anywhere they want. The organization also helps them switch essential services that they are already taking from other suppliers. In return, the sales representatives receive a share of the revenues generated, which is limitless.
POPULAR SERVICES PROVIDED BY TELECOM PLUS MLM COMPANY
Telecom plus MLM currently offers multiple services, including Energy, Broadband, Communication, and Insurance, that are affordable. These services are operated under Utility Warehouse (UW), licensed by the Office of Gas and Electricity Markets (OFGEM). We will have a detailed discussion of each of their services.
ENERGY SERVICES
Telecom Plus offers variable energy plans that are guaranteed to be lower than the Government’s energy price. This applies to new and existing customers as long as they are part of the company. Telecom offers their customers free smart meter upgrades. These allow monthly customers to benefit from automated meter readings, ensuring they always get accurate bills. A free intelligent meter display is also provided for energy customers, showing energy usage in real-time. They can take steps to save energy and money.
BROADBAND AND LANDLINE SERVICE
Telecom Plus customers access the fastest broadband available to their homes from Full Fibre. Total Fibre is the latest technology that uses fibre optic cables three times faster and more reliable than the standard broadband connection. It is also investigated as Fibre to the Premises (FTTP). FTTP broadband uses fibre optic cables to transfer data and then uses copper wires to carry this data the rest of the way to the customer’s house. This makes it up to three times faster than the standard copper-only broadband connections.
MOBILE AND TELEPHONE SERVICES
Telecom Plus offers both mobile phone connections with SIM-only plans. Customers can use their phones with a SIM as long as their service is active. Telecom Plus also provides a portable feature where customers can have their existing number transferred to the new Telecom SIM. There are currently two SIM plans to choose from, which costs 1400 USD/ month for 5GB of data, unlimited calls, and unlimited texts. And the other unlimited plan of 1900 USD/ month for complete data, readers, and rings. The company currently provides service to over 250,000 people across the United Kingdom.
INSURANCE
Telecom Plus offers a wide range of insurance for products that need to safeguard the most. The company provides services from Home Insurance to Insurance for Home appliances. Home Insurance works a little differently at Telecom Plus. In the beginning, Telecom Plus consults with a panel of insurers, getting them to quote their best price for the same cover and make a deal. In other words, the company does the shopping around, so their customers can save their precious time. In addition, there is also the Bill Protector service designed by Telecom Plus to help cover essential bills like mortgage and other living expenses.
HOW TELECOM PLUS MLM COMPANY MEMBERS MAKE MONEY
Telecom has provided multiple opportunities to make money for its members. A commission is paid to the member each time the customer makes a purchase, called a Sales bonus. The member can also earn a bonus by recruiting other distributors called Recruiting Bonus. And when a member is referred to another member, they make a small share of the money called a Referral Bonus. However, Telecom Plus offers infinite earning opportunities to its members. However, a person has to pay $100 to become a Telecom Plus member, and it has a 90-day cash back guarantee. If a person is already a Telecom Plus member, they only have to pay $50 for membership.
POPULAR NON-PROFIT SERVICES BY TELECOM PLUS
Telecom Plus works with many Charities Trust and passionately focuses on Customers, Employees, and Environment. The UW Foundation supports welfare, including those with an environmental focus. Telecom Plus and Utility Warehouse initiated their ‘The UW Foundation.’ The foundation provides a percentage of its annual profit to environmental and social causes. Let’s have a look at that.
THE UW WOODLAND
This initiative focuses on the biodiversity of the planet. The members of UW Foundation plant a tree for every new customer joining their business. Since March 2020, they have planted over 130,000 trees on Bryn Arw in South Wales. Bryn Arw is an area bigger than 73 Wembley pitches. These trees absorb carbon from the surroundings, purify air naturally, and increase biodiversity. Becoming a UW Foundation Partner and grow your plants in the woodland of Bryn Arw with every new customer you introduce.
OCEAN GENERATION
Telecom Plus is supporting the charity Ocean Generation, which aims to increase awareness of the dangers of plastic in rivers, seas, and oceans. Ocean Generation is an inclusive global movement that exists to restore the ocean through science and storytelling and have a healthy relationship between nature and humanity. The UW Foundation wishes to see a world where nature is freed from all human threats within a generation. The Ocean Generation turns Ocean Science into an understandable and practical tool that people everywhere can use.
CONCLUSION
As we have discussed, Telecom Plus Company is one of the most trusted MLM companies in this world of their quality products and different customer treatment. I believe I have explained most of the main points about the company. As per my research, Telecom Plus has the most searched products. You can visit the company’s official website https://telecomplus.co.uk/ for more details about the available products and services. Please leave a message in the command section if you have any suggestions.
