Ambit Energy started sending out independent consultants to gather customers for the company in October of 2006. By the end of the first quarter 2011, they had over 500,000 customers. Four months later, they passed the 600,000 customer milestone. By the end of 2011, the company passed the 700,000 customer mark, adding more than 250,000 new customers during the year.
At the end of May 2012, the company announced it had added another 155,000 plus customers since the beginning of the year, bringing the total number of active customers to over 850,000. This is an average growth of over 30,000 customers per month.
The company has a goal to achieve over 1,000,000 active customers by the end of 2012. At the rate they have been growing they should pass the one million customer mark in the September to October time frame. However, the customer acquisition rate is actually increasing as more consultants join the business and start gathering new customers. Therefore, it is highly possible that the company will be able to announce during General Session at their annual Ambition conference on September 1st that they have already achieved that goal!
Wednesday, August 22, 2012
Tuesday, August 21, 2012
Three-peat
Ambit had $663.9 million revenue in 2011, which puts them at #61 by revenue. Only 90 out of the 5000 companies on the list earned $500 million or more in revenue.
There are 103 energy companies on the list. Only 10 of those companies earned over $500 million. Compared to all of them, Ambit ranks #6 by revenue and #43 by 3-year growth rate.
Ambit ranked #4 in the Dallas metro area and #6 in Texas by revenue.
Saturday, August 18, 2012
The Real Power of Ambit Energy
Our air conditioner stopped working a few months ago and had to be replaced. The old unit lasted for 16 years in the south Texas heat. During the months of May 2012 through August 2012, which included the hottest July since weather records started being kept, we used 5,443 kWh of energy. That is 1,117 kWh (17%) less than the 6,560 kWh used in 2011 due to the better efficiency of the new AC unit!
Our previous electricity provider charged us $1,024.00 during that same time of year. The total charges that I had from Ambit during these four months this year was $563.74. We saved 45% on just the rate difference alone! However, it gets even better than that...
We took advantage of the Customer Referral Program. The program says that if you refer at least 15 new customers to the company, then the company will start averaging those new customers' bills and apply that amount as a credit on your bill every month. Thanks to this program, the credits on our bills reduced the total amount due to less than $10.00 each month during those four months. The combined total amount due from May 2012 to August 2012 was only $36.58! Almost 94% of our bill was covered by the Customer Referral Credit! This also is a total savings of $987.42 over my previous provider.
In the past, during the months of May through August, I would have paid the equivalent of a mortgage payment, but now I only pay what it costs to buy a couple of plates of BBQ. That is the power of the free energy program! Click here to take a look.
It just keeps getting better though. Customers also earn travel reward points based on their energy usage. From May 2011 through August 2012, we earned enough points to go on a discounted cruise, take a spa/golf getaway, or get two free airline tickets. All for just paying a bill that we already have to pay every month anyway.
When we were first introduced to the company, we recognized that there would be significant savings and other benefits as a customer. Since we like to help people we also knew that we would be telling everyone that we know about how they could save money and earn free travel. Because we were going to be telling them anyway, we decided to join as consultants and then became our own first customer. Consultants are able to earn monetary bonuses, but also get paid a residual income every month based on the energy usage of their customers. The residual income that we earn every month is already significantly higher than what our old energy bills used to be and it keeps growing all the time. This month's residual check was up 60% over a year ago, 244% over two years ago, and 881% higher than it was three years ago.
We have used our Ambit income and savings this year to buy that new AC unit, a new washing machine, a new dishwasher, a new garage door opener, and send my wife to the Philippines for 6 weeks of vacation with plenty of spending money in her pocket, as well as give more to charity! In the first seven months of 2012, we already earned as much from Ambit as we had in all of 2011. Thank you to Jere Thompson, Jr. and Chris Chambless for founding Ambit Energy! Thank God that we live in a time and place that we can take advantage of this opportunity and all of its benefits and that we can share them with and be able to help others.
Our previous electricity provider charged us $1,024.00 during that same time of year. The total charges that I had from Ambit during these four months this year was $563.74. We saved 45% on just the rate difference alone! However, it gets even better than that...
We took advantage of the Customer Referral Program. The program says that if you refer at least 15 new customers to the company, then the company will start averaging those new customers' bills and apply that amount as a credit on your bill every month. Thanks to this program, the credits on our bills reduced the total amount due to less than $10.00 each month during those four months. The combined total amount due from May 2012 to August 2012 was only $36.58! Almost 94% of our bill was covered by the Customer Referral Credit! This also is a total savings of $987.42 over my previous provider.
In the past, during the months of May through August, I would have paid the equivalent of a mortgage payment, but now I only pay what it costs to buy a couple of plates of BBQ. That is the power of the free energy program! Click here to take a look.
It just keeps getting better though. Customers also earn travel reward points based on their energy usage. From May 2011 through August 2012, we earned enough points to go on a discounted cruise, take a spa/golf getaway, or get two free airline tickets. All for just paying a bill that we already have to pay every month anyway.
When we were first introduced to the company, we recognized that there would be significant savings and other benefits as a customer. Since we like to help people we also knew that we would be telling everyone that we know about how they could save money and earn free travel. Because we were going to be telling them anyway, we decided to join as consultants and then became our own first customer. Consultants are able to earn monetary bonuses, but also get paid a residual income every month based on the energy usage of their customers. The residual income that we earn every month is already significantly higher than what our old energy bills used to be and it keeps growing all the time. This month's residual check was up 60% over a year ago, 244% over two years ago, and 881% higher than it was three years ago.
We have used our Ambit income and savings this year to buy that new AC unit, a new washing machine, a new dishwasher, a new garage door opener, and send my wife to the Philippines for 6 weeks of vacation with plenty of spending money in her pocket, as well as give more to charity! In the first seven months of 2012, we already earned as much from Ambit as we had in all of 2011. Thank you to Jere Thompson, Jr. and Chris Chambless for founding Ambit Energy! Thank God that we live in a time and place that we can take advantage of this opportunity and all of its benefits and that we can share them with and be able to help others.
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