Viridian Energy

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Founded2009
HeadquartersStamford, Connecticut
Trust Score83/100
Views60

About Viridian Energy

Viridian Energy is a green energy MLM company founded in 2009 and based in Stamford, Connecticut. They focus on providing renewable energy solutions through independent distributors.

Distributors earn money through retail sales and team-building commissions, starting with wholesale purchases of energy products. This model allows them to build a business with relatively low startup costs.

With a BBB rating of B+ and a Trustpilot score of 3.0/5, Viridian Energy has a decent reputation. Their risk level is low, making them a legitimate option in the energy deregulation market.

Pros and Cons

✓ Pros

  • Eco-friendly focus
    Viridian Energy is a legitimate green energy company, which appeals to customers looking for sustainable energy solutions.
  • Flexible compensation plan
    The customer-based referral system allows distributors to earn through both retail sales and building a team.
  • Low risk level
    With a low risk level and a decent Trust Score of 83/100, it's a safer option compared to many other MLMs.
  • Established company
    Founded in 2009, Viridian has a track record that shows stability in the industry.

✗ Cons

  • Average Trustpilot rating
    A 3.0/5 on Trustpilot indicates mixed reviews, suggesting some customers have had less than positive experiences.
  • Initial investment required
    New distributors need to buy products at wholesale prices, which can be a barrier for some.
  • Income isn't guaranteed
    Like many MLMs, success depends heavily on personal effort and market saturation, so income can vary widely.
  • Complicated compensation structure
    Understanding the rank levels and how to advance can be confusing for new distributors.
Verdict: Viridian Energy has some solid eco-friendly vibes and a low-risk profile, but the mixed reviews and initial costs might throw some people off. If you’re passionate about green energy and willing to put in the work, it could be worth exploring further.

Best for: This is a good fit for those who care about sustainability and have the patience to navigate the complexities of MLMs. If you’re looking for a quick buck with minimal effort, this isn’t the right place for you.

Risk Analysis

Viridian Energy operates with a customer-based referral model in the green energy sector, showing a generally low risk profile. While there are some concerns about the viability of earning income through recruitment, the company's solid BBB rating and moderate Trustpilot score reflect a reasonable level of customer satisfaction.

Key Concerns

  • Dependence on recruitment for income moderate
    The compensation plan emphasizes team-building commissions, which can create pressure to recruit others.

Positive Indicators

  • Legitimate green energy company
    Viridian Energy is recognized as a legitimate provider in the renewable energy sector.
  • B+ BBB rating
    A B+ rating indicates a generally good reputation and customer service.
Consumer Advice: If you're considering joining Viridian Energy, weigh the emphasis on recruitment carefully. Make sure you're comfortable with the idea of selling products and building a team, as your income may depend on both.

Frequently Asked Questions About Viridian Energy

Is Viridian Energy a legitimate MLM company?

Yes, Viridian Energy is a legitimate company. Founded in 2009 and based in Stamford, Connecticut, it operates in the green energy sector. They focus on providing renewable energy options and have a BBB rating of B+.

What products does Viridian Energy sell?

Viridian Energy primarily sells electricity and natural gas services. Their products are geared towards consumers looking for green energy solutions. They aim to provide sustainable energy options that can lower your carbon footprint.

How much can you make with Viridian Energy?

Earnings with Viridian Energy can vary widely based on your efforts and sales. Distributors earn income through product sales and team-building commissions, but exact figures aren't publicly available. Many distributors report earnings ranging from a few hundred to several thousand dollars a month, depending on their commitment.

Are there complaints about Viridian Energy?

Yes, Viridian Energy has received some complaints, particularly about billing practices and customer service. On Trustpilot, they have a score of 3.0 out of 5, which indicates mixed reviews. It's important to read customer experiences to get a balanced view.

What is Viridian Energy's compensation plan?

Viridian Energy uses a Customer-Based Referral compensation structure. Distributors earn through retail sales and commissions based on personal and group sales volume. As you sell more and build a team, you can advance through different rank levels that unlock higher commissions.

How much does it cost to join Viridian Energy?

Joining Viridian Energy typically requires purchasing a starter kit or products at wholesale prices. The exact cost can vary, but you should expect to invest some money upfront. This investment is aimed at helping you start selling energy services.

What is Viridian Energy's BBB rating?

Viridian Energy has a BBB rating of B+. This suggests they generally respond well to customer complaints and maintain a decent level of customer satisfaction, although there are still some unresolved issues.

What are some alternatives to Viridian Energy?

Some alternatives to Viridian Energy include other green energy providers like Green Mountain Energy and Amigo Energy. Each company has its own compensation plans and product offerings, so it's worth comparing them to find the best fit for you.

Is Viridian Energy worth joining?

Whether Viridian Energy is worth joining depends on your goals and commitment level. If you're passionate about green energy and have an interest in sales, it could be an opportunity. However, it's essential to do your research and consider the effort required to succeed.

Compensation Plan

Plan Type

This is a Customer-Based Referral plan. Basically, it means you earn money by selling products directly to customers and by building a team of other distributors.

How Earnings Work

  • Retail Profit: Buy products at a wholesale price and sell them at a higher retail price. You keep the difference as your profit.
  • Team Commissions: When your team sells products, you earn a percentage of their sales. The more your team sells, the more you make.
  • Bonuses: You can earn extra bonuses by reaching certain sales milestones or helping your team succeed. These can include a sponsor bonus, leadership bonus, or even a trip incentive!

Qualification Requirements

  • You need to maintain a minimum monthly sales volume to earn commissions.
  • To reach higher ranks, you’ll need both personal sales and a certain number of active team members.

Red Flags

  • There’s a focus on maintaining a sales volume, which can make it feel like you’re paying to play.
  • Most earnings come from recruiting others rather than direct sales.

Trust Score

83
/ 100
Low Risk
Flags & Notes
  • Legitimate green energy company
  • Direct selling model
  • Energy deregulation markets
  • Dependence on recruitment for income

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